Other Briefings
Impact of the New Law on Enterprises on Vietnam’s Corporate Governance
The Law on Enterprises 2014, which came into effect on July 1, 2015, sets out obligatory governance structures for different types of companies.
China, India & Vietnam: Setting Up in Asia’s Investment Hotspots – New Issue of Asia Briefing Magazine
The newest issue of Asia Briefing magazine, titled “China, India & Vietnam: Setting Up in Asia’s Investment Hotspots”, is out now and available as a complimentary download in the Asia Briefing Bookstore.
Vietnam Regulatory Brief: Investments in Public-Private Partnerships, Agriculture, and Construction Cost Management
Vietnam Briefing updates you on recent regulations on investments in Public-Private Partnerships, agriculture, and construction cost management.
Vietnam News Brief: Tax, Bidding Guidance and Tariff Lines
We would like to update you on recent regulations on implementation of the new tax law, project investor selection and new tariff lines applied for products imported directly from Japan.
Vietnam Adds New Forms of Public-Private Partnership
Starting April 10, 2015, the forms of build, own, and operate (BOO); build, transfer, and lease (BTL); build, lease, and transfer (BLT); and, operate and manage (O&M) will be added to the list of acceptable types of Public-Private Partnership (PPP) allowable in Vietnam.
Vietnam Regulatory Brief: Tax, Customs, and Bankruptcy
Of the many laws and regulations which came into effect at the beginning of 2015, Vietnam Briefing has selected three with significant relevance to foreign investors in the country or who are interested in entering. Wide-scale tax reforms have been implemented, along with changes to customs and bankruptcy procedures.
Hanoi Reduces Application Time for Business Registration Certificates
Vietnam’s capital, Hanoi, has implemented a plan to reduce the time needed to obtain a Business Registration Certificate to within three days of receiving the application, instead of the previous 10 days. Although this change will only initially apply to Vietnamese enterprises, the definition of Vietnamese enterprises was changed recently to allow them to have foreign ownership. Hanoi is the first city in the country to implement this program.
State Bank of Vietnam Issues New Regulations for 2015
The State Bank of Vietnam (SBV) has issued a number of regulations for 2015. These new laws, which seek to help the country achieve its economic growth targets in 2015, touch on areas such as foreign currency loans, reducing bad debts, and money laundering.
Transferring Capital and Profit Into and Out of Vietnam
Foreign exchange control is a paramount concern of all foreign investors entering into Vietnam, as regulations on capital inflows and outflows have a great influence on operations and profit. These transactions include transferring capital into and out of the country, opening and using bank accounts, borrowing foreign loans and paying foreign debts, dealing with currency exchanges, government reporting, and handling violations.
Vietnam PM Calls for the Replacement of the Red Seal for Businesses
Vietnamese Prime Minister Nguyen Tan Dung has publicly announced that the mandatory use of corporate stamps should be amended and the government should “move towards replacing the seals with handwritten and digital signatures.” The PM made the comments during a meeting with the country’s Minister of Planning and Investment.
