Warrant construction works at least 12 months
This is also the requirement of the Government for construction contractors and suppliers of material used in construction works under the Decree No. 15/2013/ND-CP dated February 06, 2013 on the quality management of construction works. Accordingly, construction contractors and equipment suppliers are responsible for carrying out warranty for construction works and equipment. The warranty duration […]
The prime minister decides on investment approval for project over 100 hectares
On January 14, 2013, the Government issued the Decree No. 11/2013/ND-CP on the investment management of urban development. Of which, one of the notable contents is regulation on authority Authority to approve investment for project of new urban center construction investment. Specifically, under this Decree, The Prime Minister shall decide on investment approval after obtaining […]
Apec business travel cards shall be valid for 3 years
On January 30, 2013, the Ministry of Public Security promulgates the Circular No. 07/2013/TT-BCA amending and supplementing a number of points in the Circular No. 27/2007/TT-BCA, of November 29, 2007 of the Ministry of Public Security guiding the issuance, amendment and supplementation of ordinary passports granted in the country and the Circular No.10/2006/TT-BCA, of September […]
Vietnamese market attractive to US investors
US investors are showing their keen interest in the Vietnamese market thanks to political stability and cheap labour costs. Many US business groups like Intel and IBM have reaped substantial success in Vietnam. Major financial institutions such as Citibank, JP Morgan Chase, Wells Fargo, and Far East National Bank have also recently invested in Vietnam, […]
Thailand intends to build giant oil refinery in Vietnam
The Ministry of Industry and Trade is seeking opinions from different ministries and agencies concerning a USD27 billion oil refinery project by the Petroleum Authority of Thailand (PTT) before submitting it to the government. Authorities in Binh Dinh Province affirmed on January 5 that PTT requested building the large oil refinery there last year. At […]
Medicine needed for health investment
The search for health sector investment in 2013 is moving up on Vietnam’s agenda. According to minister of Health Nguyen Thi Kim Tien, state investment into the health sector in 2013 will increase slightly from 4 to 5 per cent against 2012. Meanwhile, the health sector aims to exercise thrift to set aside 10 per […]
Japanese ODA promotes Vietnam’s economic growth
The Japanese International Cooperation Agency (JICA) held a conference in Hanoi on January 30 to review Japan’s official development assistance (ODA) to Vietnam over the last 20 years and its future orientations. Under these orientations, Japan will help Vietnam achieve its industrialisation goal by 2020. Japanese ODA will focus on promoting economic growth, increasing competitiveness, […]
MoF raise the cap on advertising and promotion (A&P) expenses from 10 pct to 15 pct
Despite an expected increase on the cap on advertising and promotion expenses, the business community in Vietnam has continued proposing to eliminate the cap entirely, which many say will help create a fair and competitive environment. In the draft amendments to the Corporate Income Tax Law, the Ministry of Finance (MoF) proposed to raise the […]
What’ll the main markets be like in 2013?
The stock market would attract more investors in 2013, while the real estate market would still be in its hibernation, according to Dr Dinh The Hien, an economist, when considering possible investment channels in the year. The real estate market still cools: The real estate market in 2012 did not recover as expected by investors, […]