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As changeable as Vietnam’s policies
Policies change so regularly and unpredictably that businesses are confused, because their actions could be legal today but illegal tomorrow
According to the Ministry of Justice, there are over 1 million valid legal documents, of which hundreds of thousands of documents violate the law. Not only ministries, but branches and local authorities, including commune people’s committees, also have the right to release legal documents.
The decentralization mechanism leads to many required investment procedures and business regulations varying in different localities. Chi tiết...
Secondary debt trading market not open yet for foreign investors
The government has allowed the Vietnam Asset Management Company (VAMC) to buy bad debts with market prices in the primary market. However, the doors remain closed to the cash flow to the secondary market.
Circular No 14 dated August 28, 2015 is believed to give more power to VAMC to buy bad debts from banks and settle them with the company’s charter capital, raised from VND500 billion to VND2 trillion. It also allows VAMC to buy debts at the market Chi tiết...
Two largest airports bear losses of smaller ones
Noi Bai and Tan Son Nhat, the two largest airports of Viet Nam, are the only two of 22 in the country estimated to make a profit this year.
Speaking at a conference held in Ha Noi recently to introduce to investors its operations and plans before launching the IPOs in December, General Director of Airports Corporation of Viet Nam Le Manh Hung said of the total 22 airports managed by the ACV, only the operation at the Noi Bai Chi tiết...
Vietnam has opportunity to become an “FDI star”
VietNamNet Bridge – More than 700 delegates attending the Global Investment Forum on Wednesday in Hanoi saw a very positive economic - investment picture of Vietnam in the current period
Prime Minister Nguyen Tan Dung delayed the monthly cabinet meeting from the morning to the afternoon to attend the forum. While the government leaders confirmed that the condition of the economy is very favorable with the economic growth reaching the yearly target (at least 6.53% this year and 6.7% for 2016), Chi tiết...
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