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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…
22
Dec
Dec
After 2 years of implementing the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has thrived in many fields, especially in attracting foreign direct investment (FDI) and promoting trade between Vietnam and the European Union bloc. EVFTA Free Trade Agreement The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member…
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,…
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…
30
Sep
Sep
The Ministry of Planning and Investment proposes to amend administrative processes regulations on the list of investment projects using land proposed by the investor (for projects not subject to the approval of investment policies) in the proposed Bidding Law (amended). New administrative processes regulations This is an aspect of the implementation content contained in Decision No….
01
Oct
Oct
Businesses must first understand the concept and requirements to ensure the type and size of their business before engaging in business activities. Small businesses in Vietnam A small business is a business that was established, organized, and operates in accordance with the law on enterprises, has a small operations scale, several workers, and sales volume, and meets the Government’s specified requirements…
