credit risks can be erased with fresh law

Credit risks can be erased with fresh law

Vietnam’s National Assembly has passed the Law on Credit Institutions, reflecting shifts in developments in green growth, heightened market risks, and recent legal violations in finance and real estate.
pharma fies allowed to trade

Pharma FIEs allowed to trade

Eight years after the phase-in schedule for the relevant World Trade Organization (WTO) commitments, Vietnam is, for the first time, setting forth a legal framework for foreign invested enterprises to trade in pharmaceuticals and pharmaceutical ingredients to fulfill its WTO commitments.
issues to tackle enhancing the linkage between foreign and domestic investment

Issues to tackle: enhancing the linkage between foreign and domestic investment

Midterm Vietnam Business Forum 2017 is a chance for enterprises and state agencies in Vietnam to dialogue and enhance the linkage between foreign and domestic investment.
skyviet flight meets untimely end

SkyViet flight meets untimely end

A group of shareholders holding 49 per cent in SkyViet Airlines Joint Stock Company proposed dissolving the company a little more than a year after its establishment.
ho chi minh city tries to tax facebook sellers

Ho Chi Minh City tries to tax Facebook sellers

The Ho Chi Minh City Department of Taxation has sent invitations to merchants that sell goods and services through Facebook, asking them to file and pay tax after their activities.
major vietnamese taxi company to sue ride hailing companies for unfair competition

Major Vietnamese taxi company to sue ride-hailing companies for unfair competition

Ta Long Hy, deputy general director of Vietnamese taxi company Vinasun, said the company would persist with suing Grab and Uber for unfair competition.
cjs road to dominance in vietnamese food sector

CJ’s road to dominance in Vietnamese food sector

With its recent acquisition of Cau Tre Export Goods Processing Joint Stock Company, South Korean conglomerate CJ is one step closer to playing a crucial role in the Vietnamese processed food sector. However, the earlier failure in the race to control major player Vissan is going to pose a challenge.
ttc group seeks to take over hagls sugar business

TTC Group seeks to take over HAGL’s sugar business

Bien Hoa Sugar Joint Stock Company and Tay Ninh Sugar Joint Stock Company, two subsidiaries of TTC Group, will take over the sugar operation of Hoang Anh Gia Lai in a bid to make TTC Group the biggest sugar producer in Vietnam in terms of output.
tpp countries forge ahead without us

TPP countries forge ahead without US

The government officials in charge of trade from the remaining 11 member states of the Trans-Pacific Partnership Agreement have agreed to continue with the agreement, despite US’ withdrawal.
vietnamese tax incentive system woefully inadequate

Vietnamese tax incentive system woefully inadequate

The Vietnamese tax system is not as effective as one would hope in preventing tax dodging by companies, while its incentives are very generous at the expense of the state budget.
vietnams largest solar power plant connected to the grid

Vietnam’s largest solar power plant connected to the grid

On May 12, Sao Mai Group Corporation (ASM) connected the 1.06-MW Sao Mai 1 solar power plant to the national grid.
deposed politburo member now party central committee advisor

Deposed Politburo member now Party Central Committee advisor

Dinh La Thang, who was voted out of the Politburo on May 7 due to past mismanagement of state-owned Vietnam National Oil and Gas Group (PetroVietnam), has been appointed as a deputy chairman of the Party Central Committee’s Economic Commission.
besra banished from bong mieu gold mine

Besra banished from Bong Mieu gold mine

The authorities of the central province of Quang Nam said that they would not propose the Ministry of Natural Resources and Environment to license Bong Mieu Gold Mining Company Ltd. (BMGMC), a subsidiary of Canadian company Besra Gold Inc., to exploit Bong Mieu gold mine again.
head of bmw exclusive distributor arrested over counterfeit import documents

Head of BMW exclusive distributor arrested over counterfeit import documents

Nguyen Dang Thao, CEO of Euro Auto, the BMW distributor in Vietnam, and other colleagues  have been arrested,  by the police in order to investigate the use of fake papers in importing BMW car units.
major communist party official charged with soe mismanagement

Major communist party official charged with SOE mismanagement

The Central Inspection Commission has just proposed that the Politburo and the Party Central Committee consider disciplinary actions against Dinh La Thang, currently Politburo member and Secretary of the Ho Chi Minh City Party Committee.