Want to be in the loop?
subscribe to
our notification
Business News
NEW POLICIES TAKE EFFECT IN NOVEMBER
Forest protection associated with poverty reduction among ethnic minorities
The Government issued Decree No. 75/2015/ND-CP dated September 9 which covers mechanisms and policies to encourage forest protection and cultivation and improve incomes of ethnic minorities from this year to 2020.
Under the Decree, ethnic minority households will receive VND 400,000 annually per hectare of forest assigned to them for protection. Each household will receive such support for 30 hectares of assigned forests at most.
Meanwhile, those involved in forestation will receive a support of up to VND 1.6 million per hectare per year in the first three years and VND 600,000 for the subsequent three years.
Detailed implementation of the Law on Real Estate Business
Decree No. 76/2015/ND-CP dated October 9, 2015 guides detailed implementation of the Law on Real Estate Business.
The Decree stipulates conditions for organizations and individuals to conduct real estate business, contract samples, and transfer of contracts.
Annual and medium term investment
Decree No. 77/2015/ND-CP dated October 9, 2015 on annual and medium-term public investment plan regulates the formulation, verification, approval and implementation of annual and medium-term public investment plans at national, ministerial and local levels.
Business registration
The Government issued Decree No. 78/2015/ND-CP dated September 14, 2015 on business registration in order to detail the implementation of some articles of the 2014 Law on Enterprises.
The Decree was designed to reform business registration work to facilitate the participation, operation and withdrawal of enterprises from the market.
Information publication of State owned enterprises
Under Decree No. 81/2015/ND-CP dated September 18, 2015, State owned enterprises are required to make public information regarding their development strategies, five-year production plans, financial statements, salary and bonus regimes among others.
Disclosure of information may be in forms of written documents and electronic data.
Visa exemption for Vietnamese expatriates
Under Decree No. 82/2015/ND-CP dated September 24, 2015, Vietnamese expatriates, their spouses and children shall be exempted from visa.
They are required to have passports or international travel papers that are valid for at least one year, submit identification papers to authorized agencies abroad and not subject to cases of entry and exit suspension regulated at Articles 21 and 28 of the Law on entry, exit and residence of foreigners in Viet Nam.
Investment supervision and evaluation
The Government issued Decree No. 84/2015/ND-CP dated September 30, 2015 on investment supervision and evaluation.
The Decree covers regulations on subjects and procedures for investment supervision and evaluation.
Duty-free goods on international flights
Since November 1, 2015, airline passengers would be able to purchase duty-free goods on international flights to Viet Nam, according to the Prime Minister’s Decision No. 39/2015/QD-TTg.
Source: VGP
Related News
GREEN ECONOMY, DIGITAL ECONOMY BREAKTHROUGH OF VIETNAM-CHINA TIES: PM
Addressing a Hanoi seminar with 19 Chinese groups operating in green economy and digital economy, the leader said the meeting, the first of its kind, aims to materialise high-level perceptions reached by Party General Secretary Nguyen Phu Trong and Party General Secretary and President of China Xi Jinping, who agreed to build the Vietnam-China community with a shared future.
CONSUMER CONFIDENCE IN ECONOMIC RECOVERY REACHES FIVE-QUARTER HIGH
Vietnam's GDP expanded by a healthy 5.66 per cent in the first quarter of 2024, marking the strongest first-quarter growth since 2020. While slower than the previous quarter's 6.7 per cent growth, this momentum indicates the country is on track to achieve its 2024 economic targets.
THE VIET NAM IMPORT-EXPORT REPORT TO BE RELEASED THURSDAY
In particular, it includes an itemised import and export report, in specific markets and also includes an overview of all State management activities and policy mechanisms related to the import, export market along with details of all the legal documents issued in the year.
TAX AND FEE SUPPORT HINGES ON MPI PROPOSAL APPROVAL
“Business and production activities of enterprises remain in big difficulties. Domestic purchasing power has reduced and people are tightening their belts,” the MPI stated. “Demands in the domestic market are still standing at a low level, while manufacturing and processing enterprises have low competition. These are among the biggest difficulties.”
VIETNAM’S TEXTILE SECTOR BRINGS IN $37 BILLION IN FDI
The foreign-invested enterprises play an important role in the textile and garment sector, contributing 65 per cent to the sector’s total export turnover. Major investors mainly come from South Korea, Taiwan, Hong Kong, and China. Among them, South Korea is the largest foreign investor in Vietnam’s textile and garment sector.
FDI FLOWS STRONGLY INTO MANUFACTURING, REAL ESTATE
According to the General Statistics Office (GSO), the total FDI disbursed in Vietnam in the first four months of this year reached an estimated 6.28 billion USD, up 7.4 per cent year on year, the highest four-month amount in the past five years.