Business News

[08-09-2016] Foreign banks are increasing their presence in Vietnam through various forms by establishing 100% foreign-owned banks or opening branches. With advantages of capital and services, once the Trans-Pacific Partnership (TPP) takes effect, foreign banks will have more advantages in Vietnam.

[12-09-2016] In a joint effort to promote the application of international standards on business integrity to enhance international integration and improve business environment in Vietnam, VBF Governance and Integrity Working Group (“G&I WG”) in conjunction with Towards Transparency (“TT”) are carrying out a study of companies’ experiences of risky business practices in Vietnam (the “Study”). The Study will assess companies’ experiences of high risk business activities.

[08-09-2016] VIETNAM CEO FORUM is a national annual event co-organized by 4 top business associations and clubs in Ho Chi Minh City: the Young Business People Association of Ho Chi Minh City, Leading Business Club, 2030 Business Club and the Business Association of High Quality Vietnamese Products.

[06-09-2016] The Vietnamese Representative Office of Hanjin Shipping Global, South Korea’s giant container shipping company, announced that it would not accept any new booking of freight orders from August 31. According to the Ministry of Industry and Trade, bankruptcy of the Hanjin shipping line would possibly affect local businesses’ export and import shipping and receiving activities.

[05-09-2016] The free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam will take effect on October 5, Minister for Trade at the Eurasian Economic Commission Board Veronika Nikishina has said.

[05-09-2016] “During the first quarter of 2016, the ministry became aware that a number of factories had been inactive for months, and in some cases had closed down, but had not provided official notice to the ministry and thus had not been recorded as such in the database.

[05-09-2016] A series of new policies are coming into effect in September, including regulations relating to policies to support poor students, export tariff cuts for environmentally friendly products, and tightened State control of chemical substances.

[02-09-2016] The tourism property market has been hot this year with many new projects and increasing transaction volumes, insiders said. A report from the Ministry of Construction's Housing and Real Estate Management Department said many new tourism property projects have been on sale since July.