Investment
Investment policy and regulations
New resolution hoped to facilitate foreign investment attraction
General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030.The objectives of the Resolution No. 50-NQ/TW include making mechanisms ...
Gov’t speeds up public investment disbursement
PM Nguyen Xuan Phuc has recently signed Public telegraph 1042/CP-TTg which directs ministries, agencies, and localities to speed up disbursement rate of public investment capital in 2019. The document attributed shortcomings and weaknesses in management, regulation, and implementation including slow progress of capital allocation, bidder selection, ...
Kim Anh
New regulations on foreign exchange management
The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...
New association aims to untangle legal impasse
On August 7, a new association for studies and consultancy for business and investment activities in Vietnam will make its debut, expecting to bring the best benefits to businesses and contribute to law-making and enforcement.In alignment with improvements in investment policies, both domestic and foreign ...
Bich Thuy
Stakeholders urged to consult arbitrators in PPP project disputes
Arbitrators need to step in and deal with disputes in public-private-partnership (PPP) projects so economic development will not be disrupted, experts have warned.Professor Pham Duy Nghia at Fullbright Vietnam University said attracting private investment was good for infrastructure development. According to Nghia, in order to ...
Vietnam mulls PPP Law with sovereign guarantees to reassure investors
Government guarantees are among the 10 points the Ministry of Planning and Investment listed in a document it recently sent to relevant ministries and agencies to collect opinions for its public-private partnership (PPP) bill.Under the MPI bill, projects considered for minimum revenue guarantees will be ...
Nguyen Huong
State Bank issues new regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign ...
S&P raises Vietnam’s credit rating with stable outlook
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.In August 2018, credit rating agency Moody’s Investors ...
How Will Foreign Investment Change Vietnam’s Economy?
Vietnam’s cheap workers might not be the country’s stars for much longer: low wages helped to propel the communist nation to some of the fastest growth rates in the world, but analysts say it needs a new economic model now.Keep reading ...
Ha Nguyen
Better links with FDI firms can aid local businesses
Over the past 20 years Việt Nam has embraced trade and successfully integrated into key global value chains. Việt Nam’s gross exports have expanded at an average rate of 18 per cent over the past decade, when overall global trade expanded at just 3.5 per ...
VNS Reporter