Month: February 2021

VN tightens control of temporary import and re-export goods

From January 1, 2021, goods for temporary import for re-export and transit are imported or re-exported out of Viet Nam via terrestrial border, the import or re-export must be implemented at international border checkpoints or primary border checkpoints (bilateral border checkpoints).   The regulation is stipulated at Circular 09/2020/TT-BCT, dated May 14, 2020 of the Ministry […]

Regarding lease of offices by FDI enterprises

Official letter No. 6260/BXD-QLN dated December 28th, 2020 of the Ministry of Construction regarding guidelines on the activity of leasing unused office areas. Accordingly, foreign direct investment (FDI) enterprises need to base on Article 10, point a Clause 3 Article 11 of the Law on Real estate trading and Article 5 of Decree No. 76/2015/ND-CP to determine whether or […]

Social insurance regimes for foreign workers in Vietnam

Is it compulsory for foreign workers to be covered by social insurance in Vietnam? Employment of foreigners to meet production and business requirements which domestic workers cannot satisfy is a practical need of enterprises in the country. However, as per Article 2 of Government Decree 143/2018/ND-CP, when being employed in the country, a foreigner is […]

New requirements on information disclosure on securities market

The Ministry of Finance in late November issued a circular guiding the disclosure of information on the securities market. Under Circular 96/2020/TT-BTC, which will replace Circular 155/2015/TT-BTC from January 1, 2021, entities obliged to perform information disclosure include public companies; bond issuers; institutions carrying out initial public offering (IPO); corporate bond-listing institutions; securities companies and […]

Government issues new rules on foreign workers in Vietnam

The Government recently issued Decree No 152/2020/ND-CP featuring regulations on foreigners working in Vietnam and the recruitment and management of Vietnamese working for foreign organizations and individuals in the country. This degree stipulates that foreigners working in Vietnam are those under labor contracts; moving within a business; carrying out contracts or agreements on economy, trade, finance, banking, […]

Focus Eleven laws came into force from January 1, 2021

Labor Code The Code contains noteworthy new provisions such as those allowing employees to unilaterally terminate labor contracts at any time without reason and forcing employers to pay account opening fee if paying salaries to employees via bank accounts. Under the Code, the daily overtime of an employee must not exceed half of his normal […]

Foreign investment continues to flow into VN

The opening month of 2021 saw more than 300 foreign enterprises planning to make new investments, expand investment or explore the investment environment in Viet Nam, which shows that the country continues to be an attractive destination in Asia. Numerous advantages According to a report by the global economic research agency under The Economist Intelligence […]

European business leaders show optimism for 2021

European business leaders ended 2020 more optimistic about Vietnam’s trade and investment environment than at any point since the outbreak of Covid-19, according to the Business Climate Index (BCI) from the European Chamber of Commerce. The BCI is a regular barometer of EuroCham members and their perceptions of the business environment. Each quarter, it tracks […]

2021 January FDI tops US$1.5 billion

Foreign investors had poured US$1.51 billion into Viet Nam as of January 20, a 4.1% increase over the same period last year, according to the Ministry of Planning and Investment (MPI). Singapore topped the list of the 33 countries and territories investing in Viet Nam, with US$680.7 million, accounting for 33.8% of the total. China was […]