Business News

[05-01-2016] New laws and regulations on special consumption tax, supporting industries development, compulsory social insurance, region-based minimum wages and multidimensional poverty index take effect from January.

[05-01-2016] State Bank of Viet Nam (SBV) is drafting a circular guiding credit policy to make it easier for local supporting industries to access loans and make them more competitive during integration. The Decree No 111/2015/ND-CP released in November, with regard to the development of support industries states that they can access assistance, funds, and other sources for research, development, and training.

[05-01-2016] This year, Ha Noi will see breakthroughs in attracting investment capital, according to deputy director of the municipal Department of Planning and Investment Tran Ngoc Nam. In 2015, Ha Noi saw significant improvements in its investment and business environments.

[04-01-2016] The State Bank of Viet Nam (SBV) on January 3 announced that it would apply a daily reference rate for VND/USD transactions starting from Monday to allow more flexibility. The policy will allow the foreign exchange rate to be (more) flexible in accordance with the demand and supply of foreign currency within Viet Nam and global market developments while still maintaining the SBV’s management role.

[02-01-2016] The State Securities Commission has maintained a cautious view on the development of Viet Nam's stock market in 2016 and preferred to focus on stable performance over growth. "Viet Nam's stock market is forecast to face a range of hurdles in 2016. We should be more prudent in risk management and market operations," State Securities Commission Chairman Vu Bang said at the year-end meeting in Ha Noi.

[01-01-2016] The PM has signed a decision to delegate socio-economic development targets set for 2016 to eight ministries. The aforesaid ministries include the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defense, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labor, Invalids and Social Affairs.

[31-12-2015] New policies on special consumption tax, support industries development, compulsory social insurance, region-based minimum wage, and multidimensional poverty line will take effect in January.

[31-12-2015] The public tender notifications issued by the Hong Kong SAR Government for your information. We should be grateful if you would notify manufacturers, agents and distributors who, in your opinion, will be interested in submitting a bid for the tenders.