Business

Investment law aids foreign investors

The new investment law aims to improve fairness and transparency, the Ministry of Planning and Investment's Legal Department deputy director Quach Ngoc Tuan told Dau Tu (Vietnam Investment Review).
Politics

Amendements to Law on Enterprises discussed

The amended Law on Enterprises planned to submit to the upcoming session of the National Assembly will have some important changes including business registration, according to the Authority of Foreign Information Service.
Business

Amended Investment Law to further empower enterprises

With the aim of giving more autonomy for investors, improving the investment environment in the direction of transparency, and increasing benefits for investors and businesses, the Ministry of Planning and Investment recently held a workshop to collect comments from experts and foreign investors to amend and complete the Investment Law, said the Vietnam Business Forum, a weekly magazine of the Vietnam Chamber of Commerce and Industry.
Business

11,000 businesses established in first two months

As many as 10,869 businesses have been set up in the first two months of 2014 with a total registered capital of 62,902 billion VND, up 13.1% in terms of the number and up 28.4% in terms of capital compared to the same period in 2013.
Politics

Draft amended investment law empowers enterprises

With the aim of expanding autonomy for investors, improving the investment environment in the direction of transparency, and increasing benefits for investors and businesses, recently, the Ministry of Planning and Investment held a workshop to collect comments from experts and foreign investors to amend and complete the Investment Law. An insight given by the Vietnam Business Forum - the weekly magazine of the Vietnam Chamber of Commerce and Industry.
Business

Amended law expected to remove business bottlenecks

In a bid to implement the guidelines in the Prime Minister’s 2014 New Year Message, authorities of various levels are working to collect comments on the amendments to the current Law on Enterprises, according to the Government Portal.
Business

Law amendments to end capital contribution conflicts

A draft of amendments the Enterprise Law looks to scale down litigation over capital contributions by requiring limited liability companies to finalise their obligations to submit chartered capital within 90 days, not the mandated three years, the Vietnam Investment Review (VIR) reported.
Society

Hanoi to mobilise resources for development: mayor

Chairman of the Hanoi People's Committee Nguyen The Thao spoke with the Vietnam Business Forum about how the capital city enhances its competitiveness and attracts investment resources for socio-economic development.
Business

Higher quality FDI focus for Vietnam

The Foreign Investment Agency and the Department of Legislation under the Ministry of Planning and Investment (MPI) recently co-held a workshop to look at how Vietnam could sharpen its competitive edge in attracting foreign direct investment (FDI). Report by the Vietnam Investment Review.
Business

How Ninh Binh supports businesses, attracts investment

Slow economic recovery in 2013 posed significant difficulties and challenges to business operation of enterprises and the investment attraction by many provinces and cities. Being clearly aware of those difficulties and challenges, northern Ninh Binh province has focused on supporting operational enterprises and attracting new ones. Vietnam Business Forum interviewed Nguyen Chi Tinh, Director of the provincial Department of Planning and Investment, on this matter.
Business

Nam Dinh strives to become investment magnet

According to the provincial social and economic development planning towards 2020, Nam Dinh will become an above-average province in the Red River Delta, and over recent years it has created good policies, conditions and mechanisms for investors and enterprises to do business effectively. Vietnam Business Forum talked to Pham Quoc Khanh, Deputy Director of the Nam Dinh Department of Planning and Investment.
30-month imprisonment for tax evader Society

30-month imprisonment for tax evader

The Hanoi People’s Court sentenced Le Quoc Quan to 30 months in prison for tax evasion pursuant to Clause 3, Article 161 of the Criminal Code at a trial on October 2.
Business

New firms up 9 percent in first eight months

Some 52,000 enterprises were created in the first eight months of this year with total registered capital of nearly 253.7 trillion VND (12.08 billion USD), or a 9 percent rise year-on-year, according to statistics from the Business Registration Department.
Business

Hanoi sees lesser firms facing closure

The General Statistics Office (GSO) estimated that Hanoi had 6,192 firms register to cease operating during January-May this year, down 20 percent from the same period last year.
Business

Business booming as start-ups soar

The number of enterprises established in the first five months of this year increased 4.8 percent to reach 31,009, according to the Department of Business Registration Management.