VBF: VIETNAM COMPETITION COUNCIL (MOIT)_YOUR CONTRIBUTION NEEDED FOR THE SURVEY ON DRAFT COMPETITION LAW
As you may know, the Draft Competition Law has been issued by the Ministry of Industry and Trade (“MoIT”) recently and is now under the commenting process. In that context, the Vietnam Competition Council (“MoIT”) conducts the survey to refer ideas/opinions from business community on evaluation on the implementation efficiency of the Competition Law in the last 10 years, difficulties in the compliance with the Law, and recommendations for further amendments and improvements.
COMPULSORY SOCIAL INSURANCE REQUIRED OF FOREIGN WORKERS IN VIỆT NAM STARTING FROM 2018
Social insurance authorities in Việt Nam are developing a compulsory social insurance scheme for foreign workers in the country, citing the need to follow international practices as the country deepens integration.
VBF: GOVERNANCE & INTEGRITY WG - SHARING THE FINAL STUDY REPORT - ANALYSIS OF CORRUPTION RISKS FOR INVESTORS IN VIETNAM
The VBF Governance & Integrity Working Group completed successfully the Report of Study – Analysis of Corruption Risks for Investors in Vietnam. Two workshops were conducted in Hanoi and Ho Chi Minh on 20th Feb and 22nd Feb respectively to share the findings of the report and seek for comments from relevant stakeholders.
WINE TASTING IN CHILL SKYBAR
Organic wines are the new trend in wine making using only the best grapes that are excluded from any artificial fertilizers or pesticides. Frankland estate, Australia and Ronsard Winery, Spain are at the forefront of organic wine production combining some of the best practices to create intense, fresh and beautiful crafted wines.
MOLISA PROPOSES RAISING RETIREMENT AGE
MoLISA proposed raising the retirement age by the maximum of five years. At the meeting on May 19, 2017 between the prime minister (PM)’s working group and the Ministry of Labour, Invalids and Social Affairs (MoLISA), Mai Tien Dung, chairman of the Government Office, said that the PM required MoLISA to explain several controversies in its proposal to raise the retirement age.
VINATEX FORECASTS 10% TEXTILE EXPORT GROWTH
The Vietnam National Textile and Garment Group (Vinatex) has projected this year’s textile and garment exports would grow 10%, or by US$3 billion, against 2016.
VIETNAM TOURISM ASSOCIATION PROPOSES TO EXPAND VISA EXEMPTION PROGRAMME
The Vietnam Tourism Association has proposed to continue visa exemptions for Western European tourists to boost tourism. According to the Vietnam Tourism Association, in order to implement the government's resolution to turn tourism into Vietnam's key sector, visa exemptions should be continued for visitors from major tourist markets.
INTEREST RATE FOR SOCIAL HOUSING LOANS
The Việt Nam Bank for Social Policies (VBSP) interest rate for social housing loans in 2017 will be 4.8 per cent per annum, or 0.4 per cent a month, according to a decision just signed by Prime Minister Nguyễn Xuân Phúc.
