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Common HR Issues Facing FIEs in Vietnam
Even though they are usually better off than local Vietnamese companies, it seems that many foreign invested enterprises (FIEs) established in the country encounter hardships to follow the general evolution...
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Thai and Indian Companies Interested in Vietnam
Apr. 20 – More and more small and medium-sized Thai and Indian businesses are looking for investment opportunities in Vietnam. Why Vietnam? There are many reasons why Vietnam is attractive for foreign investors. According to Tharabodee Serng-Adichaiwit, general manager of Bangkok Bank in Vietnam, in comparison to Thailand’s other bordering countries like Laos and Cambodia, […]
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New Decree Detailing Telecom Law of Vietnam
Decree No.25/2011/ND-CP of the government which was issued on April 6, 2011 stipulates details and specifies new guidelines for the execution of several articles of Telecom Law relating to ratio of ownership, foreign investment, commercial right fees and authorized capital.
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New CIT Payment Deferral Incentives for SMEs
A decision concerning small and medium-sized enterprises’ corporate income tax became effective on April 6, 2011. This decision from the Vietnamese prime minister allows SMEs to defer their CIT settlements of one year.
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Vietnam’s MoF Targets FIEs in New Tax Inspection Plan
Apr. 13 – Vietnam’s Ministry of Finance has set up an important tax inspection plan for the year 2011. The objective of the plan is to ensure that enterprises do not commit any tax law violations in Vietnam and might allow to collect tax arrears and to uncover transfer pricing cases. These inspections will focus […]
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Cavico Corporation to Build New Hydropower Station in Ninh Thuan
Vietnam's NYSE-listed heavy construction firm Cavico Corporation has secured an investment license, allowing it to build and operate a 6-megawatt hydroelectric station downstream from the Tan My irrigation reservoir in Ninh Thuan.
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Vietnam to Invest in Water-Related Infrastructure
Mar. 31 – Vietnam’s government aims to boost the nation’s shipping volume by more than 400 percent over the next 10 years by investing heavily in its ports. The emergent Southeast Asian economy is channeling billions of dollars into building ports for container ships in a move to draw export-oriented industry from China.
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Tightening Monetary Policies Threaten Vietnamese SMEs
The Vietnamese government’s monetary policy seems to have been stuck in a dilemma. While raising interest rates and restricting lending amounts seem to be the common ways to exacerbate the high inflation rate, the reduction in loan issuance is directly hurting the business operation and development of the country’s small and medium sized enterprises.
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Higher Fuel Prices Proposed to Combat Smuggling
Mar. 24 – Oil companies and authorities in the southern provinces have recommended that fuel prices be raised in Vietnam to combat smuggling into neighboring Cambodia, where fuel is much more expensive. The Ministry of Industry and Trade said A92 gasoline in Vietnam is VND19,300 per liter, while the price in Cambodia hovers around VND24,000.
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New Changes in Vietnam May Affect Foreign Investors
New rules outline ratio of charter capital in SOEs Mar. 23 – In newly-signed decision 14/2011/QDTTg, Vietnam’s government will limit its holdings of 50 percent of the charter capital of power production companies that are bigger than 500 megawatts. The state will continue to hold 100 percent of the charter capital in businesses involved in […]