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TECHNOLOGY

CUSTOMS SECTOR TO INSTALL BETTER IT

[01-02-2016] The goal of the General Department of Vietnam Customs is to boost information and technology in all customs state management activities in order to facilitate people and enterprises. Nguyen Manh Tung, director of the Customs Department of IT and Statistics, told the Vietnam News Agency's e-newspaper VietnamPlus about the sector's solutions to implement Resolution 36a/ NQ-CP on e-government in the upcoming time.

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LEGAL UPDATE / POLICY

NEW POLICIES TAKE EFFECT IN FEBRUARY

[01-02-2016] A string of fresh policies on compulsory insurance for construction investment activities; assistance in vocationaiontal training and job search for workers whose land is withdrawn comes into effect since February, 2016.

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HONG KONG RELATED NEWS

HKETO NEWSLETTER - HK FILES

[02-02-2016] The latest issue of HK Files, the newsletter published by the Hong Kong Economic and Trade Office (ASEAN), has just been published. It is available for viewing at their official website. Please click the following hyperlink to read the latest news on Hong Kong and the activities of this office.

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LEGAL UPDATE / POLICY

NEW GUIDELINES ON ENTERPRISE REGISTRATION

[25-01-2016] As of December 1, 2015, the Ministry of Planning and Investment issued Circular 20/2015/TT-BKHDT (Circular 20) guiding Decree 78/2015/ND-CP on enterprise registration.

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BANKING / FINANCE / INSURANCE / TAX

EXCHANGE RATE MAY VARY BETWEEN 3-4% IN 2016: VEPR

[25-01-2016] The exchange rate may vary between 3 and 4% in 2016, according to the Viet Nam Institute for Economic and Policy Research (VEPR). In its macro-economic report, the institute analyzed that the foreign exchange market operated in a relatively stable manner in the first half of Q4, 2015 and exchange rates at commercial banks and free market declined since the yuan devaluation.

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BANKING / FINANCE / INSURANCE / TAX

TRANSPARENCY AND ACCOUNTABILITY

[25-01-2016] Mr Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV), has made imprints that cannot be denied by the most intense caveats. The deactivation of the "second currency" and an acquisition of weak performance banks at zero VND. However, the work of the governor in 2016 involves facing challenges to meet higher demands to ensure a transparent system.

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PROPERTY / INDUSTRIAL ZONE

HOUSING PROJECTS TURN ATTRACTIVE TO FOREIGN BUYERS

[22-01-2016] Around 1,000 foreigners have registered to buy homes in HCMC, especially luxury ones, six months after the 2014 Housing Law went into force, according to the HCMC Real Estate Association (HoREA).

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CAI MEP-THI VAI PORT COMPLEX INEFFICIENT

[22-01-2015] Cai Mep-Thi Vai port complex in Ba Ria-Vung Tau Province has operated inefficiently due to underdeveloped infrastructure, logistics shortcomings and competition from ports in HCMC and Binh Duong Province.


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