Business News

[25-06-2015] Prime Minister Nguyen Tan Dung sought support from former Japanese Prime Minister Yukio Hatoyama for co-operation in application of information technology (IT). At a meeting in Ha Noi yesterday, Dung said Viet Nam valued IT application in all dimensions of life, considering it a significant way to improve economic competitiveness and ability to govern, adding that the country has devised its own strategy to become a strong IT country.

[29-06-2015] The Alert update on Circular No. 96/2015/TT-BTC dated June 22, 2015 by the Ministry of Finance, providing guidance on CIT regulations per Decree 12/2015/ND-CP, amending and supplementing Circular 78/2014/TT-BTC. This Circular shall take effect from 6 August 2015, and effective from the CIT period of 2015 onwards.

[25-06-2015] The pace of change in the global insurance industry is occurring more rapidly than could have been envisaged, concludes a report just published by PwC named ‘Insurance 2020 and Beyond: Necessity is the mother of reinvention’.

[24-06-2015] Vietnam is now the fourth largest textile exporter in the world with 12.18 billion USD earned from these products in the first six months of this year, according to the Vietnam National Textile and Garment Group (Vinatex). The figure represented a 10.26 percent increase from the same period last year.

[24-06-2015]  Deputy Prime Minister Hoang Trung Hai has told the Ministry of Planning and Investment to inform relevant parties of the Vietnam-Singapore Industrial Park (VSIP) project of a halt to this planned park on Phu Quoc Island.

[23-06-2015] To facilitate the online check-in procedure, as of June 25, passengers may enjoy the hassle-free check-in using their boarding pass (either printed on paper or displayed on mobile or tablet device), which has been processed through Web/ Mobile check-in, to go straight through security.

[23-06-2015] A regulation ordering bank guarantees to become mandatory for property purchases, which was to be completed in the future, has caused mixed concerns among property developers and buyers. Following Article 56 of the Law on Real Estate Business, to take effect on July 1, property developers, before selling or leasing unfinished or future property, must obtain guarantees from eligible commercial banks as assurances of their financial obligations to buyers.

[22-06-2015] Garment and textile export turnover reached USD12.18 billion in the first six months of 2015, a 10.26% increase compared to the same period last year. The US is still the biggest importer of Vietnam’s garment and textile products, making up 42% of the country’s total at USD5.18 billion, up over 11.01%. It was followed by the EU at USD1.45 billion, up 8.2%.