contentious auto bill up for reinstatement

Contentious auto bill up for reinstatement

Critics are opposing a possible extension of car import regulations under expired Circular 20, saying it contradicts existing laws on fair trade and competition.
vietnams insurance market booming

Vietnam’s insurance market booming

Vietnam’s life insurance market continued to show positive signs of development in the first half of 2016 and attracts more foreign players. VIR’s Thanh Xuan talked with Phung Dac Loc, general secretary of the Association of Vietnam Insurers, to get in-depth analysis on the industry.
streamlining procedures for new life insurance products

Streamlining procedures for new life insurance products

Life insurance companies in Vietnam will benefit from simpler administration procedures when they register for the launch of any new product due to the easing of previous overly complicated governmental procedures.
government puts a leash on foreign reinsurance

Government puts a leash on foreign reinsurance

Foreign insurers operating in Vietnam are no longer allowed to transfer their entire premium collected in the country to their mother companies through overseas reinsurance contracts.
pepsico fights to retain privileges

PepsiCo fights to retain privileges

Suntory Pepsico Vietnam Beverage has not stopped fighting to retain tax incentives for their factory in Can Tho City, despite several failed efforts in the past.
msn acquisitions a step closer to ambitions

MSN acquisitions a step closer to ambitions

Masan Nutri-Science, a subsidiary of Masan Group, announced yesterday that it had acquired the remaining 30 per cent of animal feed subsidiary Agro Nutrition Company JSC (Anco), and at the same time increased its ownership in the country’s leading meat processor VISSAN to 24.9 per cent from the previous 14.0 per cent.
building a win win partnership

Building a win-win partnership

The business community has hailed the media for its active role in shaping a healthier business and investment environment. In the meantime, the media has been asked to fine tune its self so that journalist should never been a threat to good business practices.
asias top 1000 brands survey shows promise in local brands

Asia’s Top 1,000 Brands survey shows promise in local brands

Big multinationals continue to dominate the list of Top 1,000 brands in Asia, but more local firms have successfully improved their brand image, according to the annual Asia’s Top 1,000 Brands survey, the region’s comprehensive survey on consumer brand perception conducted by Nielsen.
ncif counters imf forecasts

NCIF counters IMF forecasts

Vietnam’s economic prospects for this year will not be strongly affected by China’s economic downturn and the FED’s interest rate hike. However, it is likely to be significantly impacted by global oil price movements.
panama papers trigger tax probes

Panama papers trigger tax probes

Localities have expressed high hopes for the tax office’s investigation into the affairs of Vietnamese citizens linked to the Panama Papers leaks.
scandals shake up drinks sector

Scandals shake up drinks sector

The beverage market has seen significant upheavals recently as big players like Number 1 Group and Suntory PepsiCo face scandals over their production quality. The latest shock to local consumers was last week’s allegations of high lead content in the green tea product C2 and energy drink Red Dragon, produced by the Universal Robina Corporation. Nguyen Van Viet, chairman of the Vietnam Beer, Alcohol Beverage Association, shared his analysis on this unfolding issue with VIR’s Thanh Xuan.
high foreign discounts cut local profit

High foreign discounts cut local profit

Local producers are protesting against the discount rates afforded to foreign retailers, as it is taking a big bite out of manufacturer’s profits.
local players reshape fmcg sector

Local players reshape FMCG sector

Local companies have not only survived the competition from multinationals, but have outperformed them in Southeast Asia, with the “national pride” sentiment of customer is the main drive.
tax used to tackle imports of pig iron

Tax used to tackle imports of pig iron

The Ministry of Finance plans to lift the preferential 0 per cent tariff on pig iron imported into Vietnam to 3 per cent to protect local producers, according to its newly-published draft circular amending Circular 182/2015/TT-BTC.
new pm tackles business barriers

New PM tackles business barriers

In his recently assumed role as government leader, Prime Minister Nguyen Xuan Phuc is already dismantling obstacles for local businesses.