Foreign investment exceeds US$33 billion in 11 months

HCMC – Vietnam has attracted US$4.85 billion of foreign investment this month, taking the total pledged capital in the year to date to more than US$33 billion, up nearly 83% year-on-year. According to the Foreign Investment Agency under the Ministry of Planning and Investment, in the year to November 20, over 2,290 new projects had obtained investment certificates with total registered capital of US$19.8 billion, up 52% year-on-year. Besides,...

Read More

Challenges in Preparing Documents for Representative Office Application

The representative office (RO) is a popular foreign investment vehicle which investors utilize when wishing to enter the Vietnamese market without committing too much investment.  The representative office could help the foreign entity to hire local employee to carry out market research, business promotion. A foreign company wishes to establish a representative office in Vietnam must submit an application dossier for a license to the Provincial...

Read More

Travel firms want visa procedures simplified

HCMC – The Government should simplify the visa procedures for international tourists by issuing visas on arrival or e-visas to make the country more attractive to foreign guests, according to local travel firms. More tourists from Japan, South Korea, the UK, Germany, France, Italy and Spain have come to Vietnam, reflecting the positive impact of the relaxed visa policy for visitors from these countries. International tourists can get an entry...

Read More

Vietnam’s energy sector faces tough competition

HANOI – Vietnam’s energy sector is facing tough competition with many countries in Asia and America since most energy giants have scaled down investment due to the low oil price, said Mark Edmunds, Southeast Asia Energy & Resources Industry Leader and Asia Pacific Oil & Gas Sector Leader for Deloitte. Speaking to the Daily, Edmunds said many countries are struggling to attract foreign investors in the sector as the oil price has remained...

Read More

Taxman wants sweeping power to fight tax violations

HCMC – The General Department of Taxation has proposed new regulations that give sweeping power to tax authorities to fight tax violations, including putting violators in custody or filing criminal charges against them. In the draft law on tax management sent to the Government, the tax authority plans to set up a force with investigative power, build a database and take professional measures to prevent violations against the tax law. Besides,...

Read More

Protecting Intellectual Property Rights Abroad for Vietnam Enterprises

The development of international supply chains has become a critical success factor for big companies, and should be seen as important key for products of developing countries to gain entry into high standard market such as USA, European Countries, and Japan. However, many Vietnam companies have experienced problems in shifting their supply chain abroad as well as managed their intellectual property such as geographical indication, trademarks. On...

Read More

Effectiveness of a Lawsuit against Infringement of IP in Vietnam

How to handle effectively with infringement is a big concern of Intellectual Property (IP) holders. Should the IP holder file a lawsuit at Court? Is this way effective in Vietnam?  This article will give you general information about handling of intellectual property disputes through legal action at court in Vietnam. Unlike many countries in the world, in case of infringement, most IP holders proceed with lawsuits in the courts (judicial authorities),...

Read More

PM: Vietnam is a reliable business partner

HCMC - Vietnam is working hard to improve itself in order to become a reliable business partner, Prime Minister Nguyen Xuan Phuc said at the Vietnam Business Summit (VBS) 2017 in Danang City on November 7. He told VBS, which was part of the APEC Economic Leaders’ Week in Danang, that an AmCham Singapore survey conducted in September 2017 showed 56% of respondents said Vietnam is their best trade partner. Economic reforms have made Vietnam one...

Read More

What Goods Allowed to Be Imported into Vietnam?

Foreign owned companies in Vietnam wishing to import and distribute physical goods into Vietnam must comply with many regulations. It is imperative that the right to conduct import business of foreign investors and FDI companies differ from the right of Vietnamese traders having no foreign direct investment capital because trading activities are considered conditional investment area. 1. General Principles of Imported Goods In principle, as other...

Read More

Draft cyber security law mismatches WTO rules

HANOI - The Vietnam Chamber of Commerce and Industry (VCCI) has pointed out discrepancies between some provisions of the draft Law on Cyber Security and the nation’s commitments to the World Trade Organization (WTO) and the Vietnam-EU Free Trade Agreement (EVFTA). VCCI has written to the National Assembly Security and Defense Committee detailing the incompatibility between the draft law and Vietnam’s commitments to WTO and EVFTA. The draft law,...

Read More