Procedures and tips for Vietnamese State-owned Enterprises to invest overseas
Albeit the turbulent global situation, the opportunities for Vietnamese state-owned enterprises (SOEs) remain promising. Yet, the challenges exist when it comes to the regulations and legal procedures for outward foreign investment. The top questions have been frequently brought up by Vietnamese investors about “How can I successfully venture in a foreign country?” and “How can I do it the best?”. This article will provide you with the most important information you need to know.
Special investment incentives are creating new spaces for foreign investors venturing in Vietnam’s high-tech industries.
In recent years, the Vietnamese government has been making great efforts to improve the legal framework and business environment for more new waves of investment. Especially, the government has issued several critical policies to attract potential foreign investors in the high-tech sectors. In this article, you will be provided up-to-date insights in special investment incentives and several tips for claiming these benefits.
What should investors bear in mind regarding the auction of land use rights in Vietnam?
The land is a natural resource, a type of property - a unique commodity generated by nature, a means of production, and a valuable capital of the nation and the land user. In fact, land resources have benefited the state, users, enterprises, and society as a whole. Thus, the auction of land use rights is vitally crucial for the national economy's stability, sustainable development, and prosperity, and directly concerns all investors with a stake in the Vietnamese market.
Unlock enormous potentials in investment and cooperation from the Vietnamese Government’s new investment strategy
Recently, the Prime Minister has announced Decision 667/QD-TTg on authorizing the Foreign Investment Cooperation Strategy (FICS) for the period 2021-2030. The plan is considered to have created several new opportunities for foreign investors.
New regulations and policies are in effect on January 1st, 2023.
In the beginning of 2023, the Vietnamese government approved and issued several new policies and legal documents. Thus, on doing business in Vietnam, investors are advised to bear in mind and update released regulations on a regular basis. In this article, Viettonkin will provide up-to-date legislations that are in effect soon, along with giving some tips on how to comply with the new laws.
Export-Import of Vietnam set a new record in 2022, unlocking tremendous potentials in international trade.
According to the Ministry of Industry and Trade (MIT), the number of Vietnamese export orders in November, 2022 has decreased due to the global turbulence. Yet, regarding the 11 months, Vietnam recorded an estimate of USD$ 673.82 billion in the total export volume, up 11.8% over the same period last year. With the export value and growth being impressive, the total trade volume of Vietnam has reached a new peak of USD$ 700 billion in the middle of December 2022. This figure exceeded 2021’s value (USD$ 668.5 billion), signaling new potentials for both Vietnam and partners.
Public Holidays in ASEAN countries (Part 1 – Vietnam)
Every nation is distinguished by its own culture. Thus, their national holidays are celebrated differently and uniquely. These also affect investors in making investment decisions, aside from the business and legal environment. Therefore, it is crucial for business owners to understand and familiarize themselves with traditional holidays and practices. In this article, Viettonkin will provide insights and tips for investors about Vietnamese national holidays and labor compliance.
Public Holidays in ASEAN countries (Part 2 – Thailand)
Thailand ranked in the Top 3 most developing economies in the ASEAN region, behind Singapore and Indonesia (World Bank 2022). Asides, this country was made of an intriguing, diverse, and traditional culture with unique Thai holidays. Therefore, bearing Thailand's cultural and traditional holidays in mind will help investors familiarize themselves with the business and legal environment. In this article, Viettonkin will provide insights and tips for investors about Thailand's national holidays and labor compliance.
Public Holidays in ASEAN countries (Part 3 – Singapore)
Singapore is a melting pot of diverse cultures with a socio-cultural fabric of Chinese, Malaysian, Indian, among others. This distinct yet harmonious blend of various traditional customs has brought about colorful public holidays and celebrations all year round. Thus, when venturing into Singapore, the cultural environment does affect how investors do business. This article provides you with insightful information about Singapore’s national holidays, and tips to legal compliances.
Public Holidays in ASEAN countries (Part 4- Indonesia)
Famously known as “The Emerald of the Equator”, Indonesia is home to at least 300 ethnic groups, in which the majority of the population belong to Javanese, Sundanese, Batak, among others. With various distinguished communities across Indonesia, the country is a multicultural nation with diverse cultural identities. Hence, on doing business in Indonesia, investors are advised to take culture and customs into consideration. In this article, Viettonkin will bring helpful insights and tips related to Indonesian public holidays to investors.