The fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam” is not an offense. The lack of specific criteria for “Made-in-Vietnam” products as well as for products assembled and then sold domestically means electronic firm Asanzo has not committed trade fraud, according to the conclusion the Anti-corruption, Economic crimes and Smuggling Department, aka C03, under the Ministry of Public Security. Electronic firm Asanzo is concluded not to commit trade fraud. As a result, the fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam”, “Manufactured in Vietnam”, or “Origin from Vietnam”, is not an offense, said C03. C03 requested the General Department of Vietnam Customs to check components and parts imported by Asanzo after they had been cleared by the customs authorities to ensure the firm’s compliance with laws on … [Read more...] about Vietnam electronic firm Asanzo not committed trade fraud
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Phu Quoc attracts international tourists thanks to superior visa policies
Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a rich natural environment, and pleasant architecture. Phu Quoc is famous for its beautiful and dreamlike beaches. Foreigners and Vietnamese holding foreign passports benefited from a 30-day stay on Phu Quoc island exempt from requiring visas from July 1, 2020. Foreigners can enter Vietnam by air or sea and stay in transit and then transfer directly to Phu Quoc Island without requiring a visa. Hon Thom cable car, the longest of its kind in the world, is in the South of Phu Quoc island. As an isolated island located in the Gulf of Thailand, located off the southwest of mainland Vietnam, the means of transportation to Phu Quoc are very convenient with air, sea, and land routes. Tourists can use Phu Quoc International Airport Border Gate, Ha Tien International Border Gate, and … [Read more...] about Phu Quoc attracts international tourists thanks to superior visa policies
Compliance rate rise bodes well for listed companies
Around 68 per cent of listed public companies are complying with minimum legal requirements on independent directors, in which the lowest rate is 30 per cent in the automobile sector, and the highest rate is 100 per cent in banking. Compliance rate rise bodes well for listed companies, illustration photo/ Source: Shutterstock The information was provided in the ‘Independent Directors Survey of Public Companies in Vietnam’ report, compiled by FiinGroup and the Vietnam Independent Directors Association (VNIDA). The survey and the report have been carried out with the primary technical support from the International Finance Corporation through the SECO-funded Vietnam Integrated ESG Programme, and covered 544 companies that have disclosures on independent directors out of 769 companies listed on the Ho Chi Minh City and Hanoi stock exchanges. Under 2020 legislation guiding the implementation of the Law on Securities, a listed company’s board is required to have at least … [Read more...] about Compliance rate rise bodes well for listed companies
Many factors support foreign capital flow
Analysts forecast that there is still motivation for net buying from foreign investors in the future. — Photo hsx.com.vn Many factors are expected to draw cash flow back to the stock market, especially that from foreign investors. Although foreign investors only net bought VND400 billion in 5 trading sessions in the past week, a sharp decrease compared to over VND2.3 trillion in the previous week, analysts forecast that there is still much motivation for net buying from foreign investors in the future. Foreign investors’ net buying value on the Ha Noi Stock Exchange (HNX) also decreased by 75.6 per cent to VND41 billion, while their net selling value on UPCOM totalled VND27 billion, an increase of 66.8 per cent compared to the previous week. In general, foreign investors net bought VND340 billion on the matching channel and bought another VND60 billion via the put-through channel. Regarding the buying side, foreign investors focused on collecting Vinhomes (VHM) shares, Hoa … [Read more...] about Many factors support foreign capital flow