Company News
New Draft Proposal May Create Investment Barriers
Foreign investors fear that Vietnam’s draft proposal to develop its retail sector may, if enacted, erect barriers to invest from abroad.
Using Double Tax Treaties to Maximize China Investment Effectiveness
Utilizing potential DTAs is something that needs to be discussed at the planning stage of any investment into China, as applications to government organizations such as customs and the tax bureau need to be made by the new entity in order to take advantage of the pertinent DTA.
Vietnam Central Bank Slashes Reserve Ratios for Some Banks that Lend to Agriculture
Vietnam’s Central Bank said Thursday that it was cutting the reserve ratios of five lenders that all have a large amount of capital loaned to the country’s agricultural sector.
PM Calls for Regular Submission of Statistical Reports
Vietnam’s prime minister has approved a new regulation that will make it mandatory for state-owned enterprises (SOEs) and foreign invested companies and projects to issue regular statistical reports.
Dezan Shira & Associates Expands Ho Chi Minh Office
In February 2011, Dezan Shira & Associates will expand their Ho Chi Minh office and recruit additional personnel to cater for an increase in foreign direct investment.
Hanoi to Boast 11 New Industrial and High Tech Zones in Next Five Years
Plans have been laid to create 11 new industrial zones and high tech parks in the Vietnamese capital of Hanoi over the next five years in a bid to attract further domestic and foreign investment, Nguyen Xuan Chinh, head of the Hanoi Industrial and Export Processing Zone Management Board, said on Thursday.
Vietnamese Commercial Banks Increase Interest Rate for Deposits, Lending
Several Vietnamese commercial banks increased interest rate returns on dong deposits to 13 percent per year, as well as offered other incentives to attract new customers and retain existing ones.
New Minimum Capital Requirement May Soon Be Instituted for Companies Looking to List in Vietnam
Vietnam’s State Securities Commission is looking to increase the minimum capital requirement for companies wanting to list on the nations bourses.
Minimum Wage Set to Rise Next Year in Vietnam
Starting next year, Vietnam will increase the mandatory minimum monthly salaries for people working at local and foreign companies by between VND100,000 and VND370,000 according to a government statement issued last week.
Vietnam Establishes New Economic Zone in Ca Mau Province
The Vietnamese government approved the establishment of a new economic zone in the country’s southernmost province of Ca Mau on October 27, looking to take advantage of the region’s geographical position and existing business environment.