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VIETNAM: Binh Duong Moves to Streamline Business Incorporation Procedures

16 April 2018

The processing time for securing an Enterprise Registration Certificate (ERC) has been cut from four days to just two in Bin Duong, a province some 40 kilometres to the north of Ho Chi Minh City (HCMC...Read More


VIETNAM: CIT Rate to be Lowered to 15-17% in Bid to Boost Competitiveness

11 April 2018

Vietnam’s Prime Minister Nguyen Xuan Phuc recently revealed in a business summit that the government has planned to reduce the country’s corporate income tax (CIT) rate from 20-22% at present to 15-17...Read More


TPP Countries Sign New Agreement

29 March 2018

The Trans-Pacific Partnership group of countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam) recently signed in Santiago, Chile, a new Compreh...Read More


VIETNAM: Construction Permit Approval Time Cut from 166 Days to 120

20 March 2018

The maximum time for construction permit approval is cut from 166 days to 120 with immediate effect. The move is in line with recent calls from the prime minister to streamline the approval process....Read More


VIETNAM: One-Stop Cargo Clearance System Set for September Rollout

6 March 2018

Plans are in place to extend the use of an automated cargo clearance system to all of the ports and airports in 11 of the country’s major cities and provinces by September 2018....Read More


VIETNAM: Self-Certification Introduced for Quality and Origin of Food Imports

14 Feb 2018

Businesses are to be permitted to self-certify the country of origin and quality of imported food items, while confirming that they comply with Vietnam’s food safety requirements. While these new regu...Read More


VIETNAM: Tighter Regime Introduced for Food Additives

8 Feb 2018

Any food products using additives not pre-approved by the Health Ministry are now barred from being manufactured or distributed in Vietnam, as well as from being imported. The move is intended to brin...Read More


VIETNAM: Components in Imported Cars Face Mandatory Testing

1 Feb 2018

As of 1 March 2018, certain auto components imported into Vietnam will face mandatory testing to ensure they comply with the country’s quality, environmental and safety standards....Read More


VIETNAM: Manufacturing and Agricultural Businesses Now Lending Priorities

29 Jan 2018

Lending to export-oriented manufacturers and agricultural businesses is to be prioritised over extending credit to the securities or real estate sector following a new directive from The State Bank of...Read More


VIETNAM: Set-Up Requirements Clarified for FDI-backed Retail Businesses

26 Jan 2018

The Vietnamese government has now clarified the FDI rules for retail operations, requiring first-time foreign investors to submit a detailed financial plan for the proposed retail operation. The locat...Read More


VIETNAM: Logistics Sector Now Open to Overseas Investment

15 Jan 2018

Overseas companies are now free to invest in the country’s logistics sector, either by establishing wholly-owned companies or by taking a stake of up to 49% in an existing local business....Read More


VIETNAM: Preferential 2018-2022 FTA Tariffs Announced

9 Jan 2018

The preferential 2018-2022 import tariff rates relating to 10 of the free trade agreements (FTAs) to which Vietnam is a signatory have now been released....Read More


VIETNAM: HCMC Ports Trial One-Stop Cargo Clearance System

8 Jan 2018

An automated cargo clearance system is being trialled at two of Ho Chi Minh City’s (HCMC) port facilities – the Lotus Port and the SP-ITC International Container Terminal....Read More


VIETNAM: Foreign Currency Loan Scheme for Exporters Extended Until December 2018

4 Jan 2018

The scheme to entitle Vietnam-based exporters to foreign currency denominated loans has now been extended until 31 December 2018 from the end of 2017 previously. The State Bank of Vietnam, which manag...Read More


VIETNAM: Fees for Port Facilities in Haiphong Cut by 20%

19 Dec 2017

As of 1 January 2018, the fees for using facilities in the northern port city of Haiphong will be cut by 20%. The move by Haiphong’s municipal government to revise the port fees on port infrastructure...Read More


VIETNAM: Minimum Monthly Wage Set to Increase by 6.5% from January 2018

19 Dec 2017

An average increase of 6.5% in the minimum monthly wage is to be rolled out across Vietnam as of 1 January 2018. With wage bands tiered across the country, this will see employees’ monthly pay affecte...Read More


VIETNAM: Three Month Trial Begins on One-Stop Online Tax System

13 Dec 2017

A one-stop Electronic Tax (eTax) system is currently undergoing a three-month pilot programme in two of the country’s northern provinces – Bac Ninh and Phu Tho....Read More


ASEAN Consumer Survey: Hong Kong Awareness and Enjoyment

7 Dec 2017

The rise of middle income consumers in ASEAN countries keeps fueling growth of spending on many lifestyle products and services, including travel and leisure, healthcare and fashion. In the survey con...Read More


VIETNAM: New Dawn Promised for Market-Driven Investment Planning

5 Dec 2017

A new market-driven investment planning environment, specifically designed to be more welcoming to overseas investors, is said to be the aim of Vietnam’s recently-adopted Law on Planning....Read More


ASEAN Consumer Survey: E-Commerce Potential

5 Dec 2017

The ASEAN region is often considered a potential next ‘gold rush’ for e-commerce thanks to a growing middle class and rising internet penetration. A survey by HKTDC Research revealed that the ‘path to...Read More

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