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Ian Paynton advises foreigners to be cheerful when visiting Vietnam, according to the The Insider website. Vietnam is emerging as one of Southeast Asia’s most popular tourist destinations for international travelers and experts. More than 100,000 foreign experts are living and working in Vietnam. Ian Paynton, a British native, resides in Hanoi. He first traveled to Vietnam in 2007, and three years later, he decided to leave London for the Southeast Asian country for resettlement. Paynton has told The Insider seven dos and don’ts of a Vietnam visit for foreign tourists. Here are seven travel tips: Do not go around town while wearing swimsuits According to Paynton, the beauty of Vietnam lies in elegance, so foreign visitors should not wear scanty swimwear while traveling to beaches, rivers or waterfalls. This is considered a taboo at temples and pagodas. In 2016, a foreign visitor was forced to leave a place of worship as the traveler wore shorts and a bra-styled shirt. … [Read more...] about Foreigner shares dos and don’ts of travel etiquette in Vietnam

Illustrative image (Photo source: vneconomy.vn) Hanoi - Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting (BEPS), which involves the participation of 141 member countries. Accordingly, large companies with annual global consolidated revenue of at least 750 million EUR (806 million USD) over at least 2 years of the preceding 4-year period will be subject to a minimum tax rate of 15 per cent. If they are currently paying a tax rate lower than 15 per cent in the country where they are investing, they will have to pay the remaining "shortfall" at a tax rate of 15 per cent to the country where they have their headquarters. According to economists, investment exporting countries’ application of the global … [Read more...] about Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said. It followed a meeting with voters (members of the public) the State Bank of Vietnam (SBV) held in Ho Chi Minh City amid the ongoing bond market troubles. Besides asking for underwriting banks to take responsibility for redeeming bonds, the voters also urged the SBV to tighten inspection of credit institutions to ensure they comply with regulations while investing in bonds. The SBV recently raided 11 banks and fined a number of them for violating regulations related to bond purchases. Under current regulations, banks must have an internal credit rating system and can only buy bonds if their bad debts ratio is below 3%. For bonds sold in the domestic market, when issuers cannot pay in full and on time the bond principal and interest, they must negotiate with bondholders for extending the term … [Read more...] about Banks underwriting bonds should buy back bonds: Central bank

International tourists can have a better travel experience in the beautiful Asian country with warnings and advice from a British expat in Hanoi. Do not wear swimsuits in the city, be respectful around shrines and do not get upset if someone is late for an appointment... are some tips for international travelers visiting Vietnam for the first time. Foreign travelers may find various interesting things in Hanoi. Photo: Ka Long Having lived in Vietnam since 2010, Ian Paynton, founder of the Hanoi-based content agency We Create Content, has shared what he's learned about Hanoi with The Insider. There's so much to explore in Vietnam, from cities and villages to mountains, beaches, and grottos, according to www.insider.com . The country is also one of the most affordable places in Southeast Asia to visit. In 2019, the number of tourist arrivals in the country was around 18 million. In addition, more and more expats from around the world are choosing Vietnam … [Read more...] about Seven things international visitors to Vietnam should keep in mind

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

The event aims to promote networking and collaboration between firms and highlight the investment status and current investment incentive programmes by presenting case studies from investors, notably in the electronics industry in North Vietnam. The seminar is welcoming more than 150 people, including from co-sponsors Bao Minh Industrial Park, China Mobile, Bank of China, LAUN, Core5 IP, ANDES E&C, INST, Vietinbank, CMI, and representatives of 72 Chinese electronic enterprises, such as Shenzhen Tablet Display Industry Association, Shenzhen Connector Industry Association, and Shenzhen Robot Cable Industry Association, together with typical Vietnamese investors, construction contractors, financial and legal entities. The seminar focuses on three main topics: an introduction to the North Vietnamese electronics sector, promoting investment through investment policies and environments, and case studies from current Chinese FDIs in Vietnam. Nguyen Van Kiem, general … [Read more...] about Seminar set to promote Chinese investment in Vietnam’s electronics