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Vietnam Business Registration To Be Streamlined

Business registration red tape is to be a thing of the past. Service should be improved and fees will increase under a new system for handling business registrations The process of business registration, previously regarded as simply a state management function, will be regarded as a service starting from December 10, 2012, under the Ministry of Finance (MoF) newly enacted Circular 176/2012/TT-BTC. Organizations and individuals register businesses shall have to pay increased charges set at a level sufficient to cover expenses instead of the current nominal fee level. Under current regulations at Circular 197/2006/TT-BTC, organizations and individuals in need of...

Vietnam Business Briefs November 09, 2012

Saigon Commercial Bank from this Saturday to December 25 will give discounts for individual customers using domestic payment services at its transaction points nationwide. * Kinh Do Binh Duong Joint Stock Company has registered to buy eight million shares of Kinh Do Corporation (KDC) to spur its holding from 3.3 percent to 8.3 percent. * Saigon-Hanoi Commercial Bank has expanded telecom fee payment service to customers of Vietnam Posts and Telecommunications Group, or VNPT, in HCM City. * Amersham Industries Limited has registered to sell two million shares of Vietnam Dairy Products Company (VNM) within one month starting from...

Vietnamese coffee space in the heart of Tokyo

VietNamNet Bridge – Japanese people and foreign guests, who want to learn about the country and people of Vietnam, have a destination and an interest spot at Café Vietnam in Toranomon, Tokyo capital, Japan. Vietnam Airlines collaborated with Japan’s JTB and Travel Café to open Café Vietnam in order to promote the image and culture […]

Vietnam Ministry Seeks Ways To Stem FDI Decline

HCM CITY(VNS) — The Ministry of Planning and Investment is seeking effective measures to prevent the decline of direct foreign investment (FDI) in the country, according to a report in Dau Tu (Investment) newspaper. Viet Nam attracted US$10.49 billion of FDI by the end of October this year, accounting for only 75.3 per cent compared with the same period last year. Of the total, 881 newly licensed projects had registered $6.68 billion, a year-on-year decrease of 36.7 per cent, and 359 on-going projects expanded their investment capital of $3.8 billion, a year-on-year...

Cambodia, a potentially lucrative market for Vietnam

Exporting Vietnamese products to Cambodia is beneficial to both countries, however, in order to hold onto this market, Vietnamese firms must remain proactive and consistently advertise their brands and improve quality of their products and services. In the last few years, Vietnamese exporters have seen Cambodia as a potentially lucrative market for investments and consumer products. Because most consumer goods in Cambodia are imported, Vietnam can easily fulfill this void and offer products of quality, better design and price. According to Vu Thinh Cuong, commercial counselor of Vietnam in Cambodia, trade between Vietnam and Cambodia reached US$2.8 billion last year...

Vietnam Food Exporters Must Have Contact In U.S.

Besides the required registration with the U.S. Food and Drug Administration (FDA) again, local foodstuff exporters targeting the U.S. market are also required to maintain contact stateside on a 24/7 basis Besides the required registration with the U.S. Food and Drug Administration (FDA) again, local foodstuff exporters targeting the U.S. market are also required to maintain contact stateside on a 24/7 basis to be allowed to export products to the foreign nation from early next year, an official said. Do Tuan Phong, director of the Vietnam Trade Office branch in Houston, told the Daily the aforesaid information on...

Vietnam MOET to lower floor marks to rescue private schools

(0 votes, average 0 out of 5) The Ministry of Education and Training (MOET) has released a new decision offering school admission preferences to the students from the three difficult areas. The new policy aims to increase the number of students following university education in some special areas. Under the recently released decision which will become a policy to be applied nationwide from 2013, the students in the northwest, central region and the west of the southern region would still be able to enroll in universities, even though the marks they got from the latest university entrance exams were lower than the...

PRESS DIGEST-Vietnam Newspapers – Oct 22, 2012

Hanoi's October consumer price index rose 0.37 percent from September and also jumped 6.75 percent from a year ago, the city's statistics department said. FINANCIAL NEWS: LAO DONG - BIDV, Vietnam's biggest lender by assets, said it has invested 2 trillion dong ($96 million) into a housing development project for low income earners in the northern province of Vinh Phuc. THOI BAO KINH TE VIETNAM - The Hanoi Stock Exchange and the Shanghai Stock Exchange have signed a memorandum of understanding on cooperation, including the development of securities products and trading systems. - Phu Nhuan Jewelry Joint Stock Co said it made a gross profit of...

Poverty reduction uneven in Vietnam: UN representative

Although Vietnam has made “significant” achievements in poverty reduction, the benefits have not been spread equally...

Nha Trang lets go of murder suspect as US prepares to jail him

American who dodged Vietnamese authorities finds himself facing a decade in prison at home The door to Ton Nu Thi Hong’s home lies deep in a busy alleyway off Nguyen Thien Thuat Street in downtown NhaTrang. On a recent Sunday evening, neighborhood children kicked a soccer ball around as black storm clouds gathered overhead. As rain began to fall, Hong, a soft-spoken secondary school teacher, sat down on the couch in her living room to watch Olympic volleyball reruns with her two children and a sleeping puppy. Her husband shuffled around the living room in a pair of shorts...