According to Chung, these new laws signify the government’s efforts to continue to attract foreign investment and to create a more robust legal framework to regulate investment activities in general. In particular, it is noteworthy that the new Investment Law purports a “negative list” approach – meaning that foreign investors would be treated the same as domestic investors in terms of market access, unless the business line in question is restricted (for which a draft implementing decree has already been released for comments). … [Read more...] about Legislative changes to drive M&A activities in Vietnam
Loc said, “The interruption of the previous laws have directly affected the local investment and business climate, and also reflected the inadequacies in building conditions for entering the market and legal frameworks for the digital economy.” … [Read more...] about VCCI highlights advances in legislation and business reforms in 2020
Phu Yen People’s Committee assigned the Department of Natural Resources and Environment to manage RS activities in the province, update RS image data including high-resolution images every year and super-high-resolution images every five years. The department was also charged with proposing the province People’s Committee policies to manage and improve the use of RS technology in investigating, monitoring natural resources, environment, dealing with climate change and promote socioeconomic development as well as ensure national security. … [Read more...] about Phu Yen approves plan to put national remote sensing strategy to action
The real estate market in 2021 is expected to receive more tailwinds in the form of favorable pieces of legislations that became effective since the start of this year, including the revise Investment Law, the revised Construction Law, and new instructions for the implementation of the Land Law. … [Read more...] about Where to invest your money in 2021?
Sydney (VNA) - Australian businesses will have a great chance to be successful with their business in Vietnam once they embrace and respect the local culture, treat Vietnamese workforce with respect, and speak a little slower than they do at home, said Austal CEO Patrick Gregg. In a recent interview granted to the Vietnam News Agency correspondent in Sydney on the shipbuilding group's business in Vietnam and the country’s business environment, he said “My suggestion to any Australian business considering setting up in Vietnam would be to do their homework well, reach out to the relevant provincial People’s Committee for support as well as Auscham Vietnam and the Department of Foreign Affairs and Trade (DFAT) of Australia”. They should start with a small but skilled expat base, preferably experienced with Vietnamese or Asian cultures and surround them with a key Vietnamese management team that have solid English language skills, both written and … [Read more...] about Austal CEO: Australian firms see great chance to do successful business in Vietnam