Business News

[07-07-2016] VBF Human Resources Sub Group is planning to conduct a dialogue with the Ministry of Labour, Invalids, & Social Affairs (“MOLISA”) on tentatively 24th August 2016. In preparation for the dialogue, we would like to call for your comments on pending and newly arisen labor issues.

[06-07-2016] Germany's latest textile and apparel technologies were introduced to local enterprises in Ha Noi on July 5. The event was held by the Vietnam Textile and Apparel Association (Vinatas) in collaboration with the Textile Machinery Association under the Germany Engineering Federation (VDMA).

[05-07-2016] The Ministry of Finance (MoF) is in the process of building a decree on preventing transfer pricing. Speaking with VIR after the government’s recent regular meeting for June 2016, Nguyen Van Phung, head of the Big Corporate Tax Management Department of the General Department of Taxation under the MoF, said the department and related agencies were in the process of building a decree on determining the market price in transactions between related parties.

[05-07-2016] The State Bank of Viet Nam (SBV) has issued 14 circulars to eliminate many business conditions in banking prior to the enactment of the Law on Investment and Law on Enterprises which began  on July 1.

[04-07-2016] The Vietnamese Government has decided to extend visa exemptions by an additional year for tourists from the United Kingdom, France, Germany, Italy and Spain. The decision, Decree 56/NQ-CP, was issued on June 30.

[05-07-2016] Foreign logistic firms are expediting their efforts to tap into the market’s growth following the establishment of ASEAN Economic Community. Clement Blanc, managing director of DHL Global Forwarding Vietnam, told VIR that one key aspect of achieving the AEC is to create an integrated transport market to increase connectivity and help spur ASEAN’s goals of economic integration.

[01-07-2016]Seen as one of the greatest beneficiaries from new generation free trade agreements (FTAs), the garment and textile industry is still, however, importing up to 80 per cent of input materials from other countries, mostly from non-TPP and non-EVFTA countries.

[01-07-2016] The General Department of Taxation recently submitted a pilot process of administering, registering for use and declaring electronic tax applicable to individual house renters to the Ministry of Finance.