vietnam accelerating towards a cashless society

Vietnam accelerating towards a cashless society

For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money is “the value of Vietnamese currency co-stored on electronic means provided on a reciprocal basis with the amount prepaid by customers to banks, foreign bank branches, and intermediary payment service providers providing e-wallet services.” This definition establishes electronic money as a digital form of Vietnam’s legal currency.
support framework will help mass relocation efforts

Support framework will help mass relocation efforts

After more than 60 years of operation, the government has approved the relocation of Bien Hoa 1 Industrial Park to a new site. Meir Tlebalde, CEO and Nguyen Vu Anh, head of Industrial and Business Development at Sunwah Kirin Vietnam, share their recommendations to support enterprises while moving to the new site.
impacts of land law on foreign investors

Impacts of land law on foreign investors

The implementation of Vietnam’s new Land Law, effective from next year, brings significant changes that will shape the landscape for real estate investors, particularly foreign investors, who must navigate these changes strategically.
aspects to maintain investment edge

Aspects to maintain investment edge

Foreign projects in operation have made great contributions to the development of Vietnam’s economy and society. Samuel Son-Tung Vu and Hai Anh Pham, lawyers at Bae, Kim & Lee Vietnam, explain how the presence of foreign capital flows has been reflected in most localities in the country
preparing for the next tech funding wave

Preparing for the next tech funding wave

Without knowing when the fundraising winter will end, Trinh Ngoc Duc, chairman of D.lion Holdings, told VIR’s Vu Anh why there could be a change of weather in 2023, and how startups could be more prepared in terms of legal, financial, and human resources.
positive scenarios for working capital development

Positive scenarios for working capital development

Security over receivables is mainly regulated by the Civil Code 2015 and Decree No.21/2021/ND-CP, as well the Law on Credit Institutions 2010, and its detailing and guiding Circular No. 02/2017/TT-NHNN promulgated by the State Bank of Vietnam (SBV).
thuong hieu vu and 31 other vietnamese firms shine at sme100 awards

Thuong Hieu Vu and 31 other Vietnamese firms shine at SME100 Awards

Last year was a tumultuous one for small- and medium-sized enterprises (SME) as they had to meet their objectives. Vu Branding Co., Ltd. (Thuong Hieu Vu) had made it onto the list of the 32 winners of the SME100 Asia Awards for its rapid growth over the last year and its commitment to sustainable development.
safety on the line for railway system in stagnation crisis

Safety on the line for railway system in stagnation crisis

Vietnam’s railway industry is pinning hopes on definitive solutions towards its current funding problem that is threatening to shut down trains right across the country. Vu Anh Minh, chairman of Vietnam Railways, explained to VIR’s Bich Thuy how the ongoing problem impacts the company’s performance and transportation by rail in general among the relevant businesses.
vietnam railway corporation braces for 85 million usd loss

Vietnam Railway Corporation braces for 85 million USD loss

The Vietnam Railway Corporation (VNR) faces the most difficult period in its history due to the COVID-19 pandemic and flooding in central Vietnam, according to VNR chairman Vu Anh Minh.
rail sector finding way back on track

Rail sector finding way back on track

Despite strong efforts, state-owned Vietnam Railways may face a downturn this year due to the COVID-19 pandemic and challenges from legal barriers. Vu Anh Minh, chairman of the corporation, talked to VIR’s Bich Thuy about the legal bottlenecks that impact its operations as well as solutions to increase efficiency and investment  attraction.
will filter coffee save trung nguyen

Will filter coffee save Trung Nguyen?

Trung Nguyen may not be held for much longer for Vietnamese customers' taste for filter coffee, as competitors are breaking into the segment, adding to the headwind created by the prolonged divorce of chairman Dang Le Nguyen Vu and his wife Le Hoang Diep Thao.  
court to rule on trung nguyen divorce dispute in march

Court to rule on Trung Nguyen divorce dispute in March

While the divorce proceedings of billionaire Jeff  Bezos, founder of the Amazon e-commerce platform, were done in a snap, in Vietnam, the divorce of Trung Nguyen chairman Dang Le Nguyen Vu and his wife Le Hoang Diep Thao is as slow as Vietnamese coffee drips.
national assembly approves 300m upgrade plan for railway sector

National Assembly approves $300m upgrade plan for railway sector

Vu Anh Minh, chairman of Vietnam Railways spoke about how to use the VND7trn (USD300m) in funding which they have been allocated by the National Assembly.
phan van anh vu trial to begin on july 30

Phan Van Anh Vu trial to begin on July 30

At the end of July Hanoi People’s Court will start the closing trial for the case of Phan Van Anh Vu and other defendants charged with “deliberately disclosing state secrets”.
electric bicycle producers gather momentum

Electric bicycle producers gather momentum

Electric bicycle producers are getting in a fierce competition by releasing new lines, applying smart technology, and lowering prices.