Other Briefings
Vietnamese Banks Encouraged to Use High-Technology Products
Dec. 10 – Presenting an opportunity for investors, Vietnam’s banking industry seeks to apply more advanced information technology and security infrastructure in the near future, the government said on Thursday. “Developing more useful banking services, widening the use of the new Point of Sale (POS) for plastic money, and seeking more idle capital in rural […]
Vietnam Calls for Increased Investment in Agriculture and Rural Development
Dec. 8 – The Ministry of Agriculture and Rural Development held a conference in Quang Binh Province on December 6 to call for further investment into the agricultural and rural development sectors in six north-central provinces, from Thanh Hoa to Thua Thien-Hue. From 2011 to 2020, provincial governments will request businesses to step up investment […]
PM Calls for Regular Submission of Statistical Reports
Dec. 3 – Vietnam’s prime minister has approved a new regulation that will make it mandatory for state-owned enterprises (SOEs) and foreign invested companies and projects to issue regular statistical reports. Following Decision 77/2010/QD-TTg, wholly state-owned companies, state-owned corporations and their subsidiaries, and joint-stock and limited companies with 50 percent of their charter capital government […]
New Issue of Vietnam Briefing: Understanding Vietnam’s Legal Environment
Nov. 30 – In this new issue of Vietnam Briefing we look at the legal environment for establishing a business in Vietnam as a foreign investor. There are basically two laws that govern foreign direct investment in Vietnam: the Unified Law on Enterprises and the Common Law on Investment. We examine these two laws and […]
Vietnamese Commercial Banks Increase Interest Rate for Deposits, Lending
Nov. 26 — Several Vietnamese commercial banks increased interest rate returns on dong deposits to 13 percent per year, as well as offered other incentives to attract new customers and retain existing ones. HDBank and Southeast Asia Commercial Bank are two banks that now offer 13 percent on dong deposits of 12 months or more. […]
PM Approves PPP Pilot Program for Transportation Infrastructure
Nov. 22 – Vietnam’s government has approved guidelines for a new public-private partnership (PPP) pilot program that will initially serve as a model for all projects involved in the development of the nation’s transportation infrastructure. In order for a project to be eligible for the PPP program under the new regulations, it would need to […]
New Minimum Capital Requirement May Soon Be Instituted for Companies Looking to List in Vietnam
Nov. 18 – Vietnam’s State Securities Commission is looking to increase the minimum capital requirement for companies wanting to list on the nations bourses. In a new draft currently being prepared by the stock regulator, any company that wishes to be listed on the Ho Chi Minh Stock Exchange will need to have a minimum […]
Vietnam’s Trade Deficit Forecast to Hit US$13.5 Billion this Year
Oct. 20 – Despite a 19.1 percent rise in exports this year, Vietnam’s government on Wednesday projected that the country’s trade deficit will grow to US$13.5 billion this year, putting pressure on the authorities to once again devalue the dong. Vietnam’s dong has already seen three devaluations over the last year, with the last one […]
Update on Treatment of Non-Public Joint Stock Company Shares
Sept. 29 – The Ministry of Finance has confirmed that shares of non-public joint stock companies will not be treated as securities following Letter 12501/BTC-CST issued on September 20. Only shares for public joint stock companies will be considered as securities. The latest clarification means that a 25 percent corporate income tax rate will be […]
Cancelation of Express Shipping Taxes to Begin October
Aug. 20 – Following Government Decree 87/2010/ND-CP, Vietnam will exempt export and import express packages from tax beginning October 1. The decree will also waive tax on imported raw materials or appliances for specific investment sectors or those not made in the country five years after production date.
