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The Government has made a decision to implement special investment incentives and support policies in order to encourage the growth of a number of projects with substantial economic effect. The following projects will be given special investment incentives and support in accordance with the Investment Law 2020: Moreover, in accordance with Clause 3 of Article…
18
Feb
Feb
A number of articles of Circular No. 107/2020/TT-BTC, which govern the transaction of repurchasing with a term of government bonds from temporarily idle state funds of the State Treasury, have been amended and supplemented by Circular No. 12/2023/TT-BTC, which was recently published by the Ministry of Finance (State Treasury). As a result, in order for…
11
Feb
Feb
(Published on Vietnam Investment Review) Foreign-invested enterprises in Vietnam are making a comeback and on the way to recovery after the extremely difficult last few years. In order to support foreign-invested enterprises (FIEs) in Vietnam, the government has issued new policies that have recently taken effect to attract capital and help FIEs continue to recover…
09
Feb
Feb
The year 2022 marks the time when Vietnam’s economy recovers from the Covid-19 pandemic, and bright spots are preferential policies and support for businesses, including foreign direct invested (“FDI”) enterprises on taxes, fees, and other supporting policies. From that, FDI enterprises have made a comeback and are on the way to recovery after the extremely…
23
Dec
Dec
With regard to the draft Prime Minister’s Decision establishing a set of standards for assessing the effectiveness of foreign investment in Vietnam, the Ministry of Planning and Investment is collecting community comments. According to the Ministry of Planning & Investment (MPI), the foreign investment sector has grown to be a significant component of the economy…
30
Nov
Nov
Vietnamese online consumers are using more digital shopping platforms than ever before, with e-commerce accounting for 51% of all online purchases. Vietnam is a leading market for implementing new technologies, with 58% of digital consumers using e-wallets, digital banking, and online banking services. In Vietnam, over 80% of the population is represented as online consumers,…
15
Nov
Nov
The Petroleum Law (amended) was ratified by the National Assembly of Vietnam on November 14 by 472/475 votes in favor, with a number of new policies being considered with groundbreaking significance. The Petroleum Law including 11 chapters and 69 articles will take effect from July 1, 2023. The amended Petroleum Law now includes regulation on the…
13
Nov
Nov
In the ten years since the Land Law 2013 was implemented, thanks to the resolution of difficulties and the establishment of a more fair environment for foreign investors to utilize real estate, Vietnam is gradually becoming an ideal destination for foreign direct investment through the development and planning of industrial parks and economic zones across…
25
Oct
Oct
The State Bank of Vietnam issued Circular No. 12/2022/TT-NHNN on September 30, 2022, with guidelines on managing foreign exchange in relation to receiving and repaying enterprise foreign loans. The Circular stipulates that borrowers register changes to foreign loans with the State Bank of Vietnam if they make any modifications to the loans listed in the…
24
Oct
Oct
On September 30, 2022, the Minister of Planning and Investment issued Circular No. 21/2022/TT-BKHDT, which outlined the procedures for preparing the bid documents for non-consultancy services for contract packages covered by the CPTPP, EVFTA, and UKVFTA Agreements. The Circular states that the following conditions must be followed in order to prepare, process, and approve bid…
