Hanoi calls on IT firms to set up shop

HANOI – The government of Hanoi City gives priority to the information technology (IT) sector, thereby facilitating companies to set up shop there, according to Nguyen Duc Chung, chairman of the capital city, at a dialogue with the startup community on August 25. He said Hanoi is about to launch Vietnam’s startup opportunity finder startupcity.vn on October 10, with an aim to connect technology ecosystem players with new business opportunities. Phan...

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Issuance of Work Permit for Foreigner Online

From October 2nd 2017, the issuance of work permits to foreign employees working in Vietnam via Internet will be applied in accordance with the guidance of Circular No. 23/2017/TT-BLDTBXH issued by the Ministry of Labor – Invalids and Social Affairs on August 15th 2017. Accordingly, the issuance and re-issuance of work permits for foreigners will be made via the electronic portal: http://dvc.vieclamvietnam.gov.vn. Employers must register their...

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Propose to Remove Nearly 2,000 Business Conditions

The Ministry of Planning and Investment has proposed to remove nearly 2,000 business conditions from ministries and sectors that are thought to cause difficulties and obstacles for businesses. According to the report of the Ministry of Planning and Investment submitted to the Government, this agency proposed to remove 1,930 requirements and conditions on business that are considered as sublicenses hinder business for a long time. Of these, the...

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Vietnam Can Issue Permanent Residence Card to Foreign Investors in Phu Quoc

The Ministry of Planning and Investment proposed a series of preferential mechanisms for Phu Quoc special economic zone. The Ministry of Planning and Investment has just submitted to the Government a draft Law on Special Administrative Units. In this draft, the Ministry proposes a series of mechanisms to attract investment capital and foreign experts to live and work in Phu Quoc special economic zone. Specifically, according to the draft law,...

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HCMC to launch online construction licensing system

HCMC – Individuals and enterprises in HCMC will not have to come in person to offices of competent agencies to ask for construction licenses as the municipal government will officially put into use an online construction licensing system in October, said the Office of the HCMC People's Committee. The city government on August 17 urged the Department of Construction and authorities of districts to launch online services for construction licensing...

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Vietnam expects foreign investment to hit record $16 billion this year

Cheap labor continues to be a magnet for foreign investors. Actual foreign direct investment flowing into Vietnam is forecast to rise to a record high this year as the country continues its efforts to improve the economic climate, an official has said. Dang Huy Dong, deputy minister of Planning and Investment, was quoted as saying in a Bloomberg report that disbursed FDI will exceed $16 billion this year, and pledged investment will reach $28...

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The procedure to setup a foreign investment enterprise in Vietnam

Investment Registration Certificate obtaining Foreign investor who set up an investment project in Vietnam needs an investment registration certificate. In some case, you should need to register the investment project with provincial-level People’s Committees. Dossiers: An investment project dossier must comprise a written proposal for implementation of the investment project; a copy of the establishment decision or an equivalent document certifying...

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Procedures to Apply for Temporary Residence Card in Vietnam

For foreigners wishing to reside in Vietnam, they must belong to the subjects to be granted temporary residence card.  For most of the case, the temporary residence card holder are investors whom invest to establish company in Vietnam, or employee being employed and sponsored by an organization in Vietnam. The following shall details the procedures to be implemented for applying for temporary residence card in Vietnam. I. Subjects to...

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Government vows to help businesses cut costs

The Government will take measures to help enterprises lower input costs, Mai Tien Dung, Minister and Chairman of the Government Office, said after the Government’s regular meeting last week. These costs include transport, infrastructure, logistics and specialized inspection fees. Currently, 30-35% of cargo must be inspected in the customs clearance process but the proportion will be reduced to 15%. According to Dung, there are over 5,700...

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Conditions of Foreigner on Adoption in Vietnam

Nowadays, foreigners from other countries wish to adopt children in Vietnam and bring them up to his/her country for custody.  Vietnam in the meantime encourages the adoption for the better conditions on life environment, education system which would bring to the children when living with the new family.  However, the adoption conditions are still regulated strictly and its acceptance procedures are considered and controlled stringently...

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