Business News

[01-09-2015] Did you know that the Vietnamese Government has recently issued a resolution setting out deadlines requiring the relevant ministries to issue guidelines to facilitate the implementation of the new Enterprise Law and Investment Law?

[20-08-2015] The textile sector ranked second in attracting foreign direct investment (FDI) with more than US$1.12 billion in the first seven months of 2015, according to the Foreign Investment Agency, under the Ministry of Planning and Investment. The figure accounts for more than 20% of Viet Nam’s total foreign investment inflows in the reviewed period, the agency said.

[25-08-2015] Did you know that the Ministry of Finance just issued a circular to guide foreign investment in Vietnam's securities market? The circular will become valid on 1 October of this year. You will recall our last update on the removal of the foreign ownership cap on public companies (listed or unlisted). This circular provides guidance on how this is to be carried out.

[20-08-2015] Did you know that as of 1 September 2015, subject to certain conditions, the foreign ownership ratio in public companies (including listed companies) will no longer be subject to the 49% cap?

[14-08-2015] Having surveyed the livelihoods of workers in different parts of the nation, the Vietnam General Confederation of Labor has insisted on its proposal  for a regional minimum wage hike of 16.8% next year.

[14-08-2015] Premium hotel The Reverie Saigon in HCMC’s District 1 has picked September 1 for its grand opening date. The hotel anchoring the 39-floor Times Square building on Nguyen Hue Boulevard consists of 286 rooms overlooking the downtown area and the Saigon River. There are 224 guest rooms ranging from 43 to 53 square meters, and 62 suites measuring 63 to 313 square meters.

[13-08-2015] Vietnam sees 1.5-1.6 million youths join the labour force annually, which creates the opportunity for the country’s robust economic development on the one hand, while also posing huge pressures on employment and occupational training.

[14-08-2015] The HCM City housing market is recovering thanks to effective government policies like allowing foreigners and overseas Vietnamese to buy houses, an industry insider has said. Le Hoang Chau, chairman of the HCM City Real Estate Association, said the new regulation that housing projects need to be guaranteed by banks would usher in huge changes.