Company News

    July 20, 2010

    Private Security Business Now Open to Foreign Investment in Vietnam

    Under Vietnam’s Decree 52, the security services industry is now open for foreign investors wanting to form a joint venture with local companies. A circular released by the Ministry of Public Security in July 14 clarified the new decree and will be applicable beginning August 28.

    July 9, 2010

    SAFE Regulates Domestic Banks Engaged in FDI

    The State Administration of Foreign Exchange recently issued a notice regarding the foreign exchange regulation for domestic banks which are engaging in FDI, effective from September 1, 2010. Domestic banks involved in foreign investment should first get approval from the banking supervising department or other relevant authorities, and then bring the materials required to the local branch of the State Administration of Foreign Exchange to process the FDI registration.

    July 8, 2010

    India to Consider FDI in Domestic Carriers

    Authorities will soon begin talks on possibly raising foreign direct investment in local carriers to push New Delhi

    July 1, 2010

    Vietnam Exempts Import Tax Under Australia, ASEAN, New Zealand Treaty

    Vietnam will exempt as much as 90 percent of tax lines on goods imported from Australia, New Zealand and Association of Southeast Asian Nations members this year. By 2017, Vietnam will remove import tariffs on butter, milk and cheese. Import duties on car components will also be slashed to 5 percent by 2018.

    July 1, 2010

    Dezan Shira to Open Branch in Qingdao

    Dezan Shira & Associates, the specialist foreign direct investment practice, is opening a branch office in Qingdao. We have been servicing clients in Qingdao for over 10 years,

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