Restraining the extension of credit institution network in 2013
This is regulation under the Directive No. 01/CT-NHNN of the State Bank of Vietnam dated January 31, 2013 on organization to implement the monetary policy and assuranace of safe and effective banking operation in 2013. Of which, the notable content is requirement on strengthening examination, inspection, supervision of monetary market and banking activities. Specifically, strengthen […]
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 […]
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, […]
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, […]
High expectations for FDI attraction
A new policy drafted by the Ministry of Planning and Investment and relevant agencies is expected to fuel foreign direct investment (FDI) flows into Vietnam. The Prime Minister recently asked the designated agencies to draft a resolution aimed at improving the efficiency of FDI attraction, use and management till 2020. The resolution focuses on amendments […]