VN-EAEU FTA will take effect on October 5

VN-EAEU FTA will take effect on October 5

According to an announcement released by the Ministry of Industry and Trade (MoIT), the Vietnam-Eurasia Economic Union Free Trade Agreement (VN-EAEU FTA) will take effect on October 5, 2016.

Law on credit institutions takes effect

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.

Transport Ministry to cut airport budget deficit

Transport Ministry to cut airport budget deficit

The Ministry of Transport (MoT) has proposed to the Prime Minister four different plans to operate airfields in the future, aiming to narrow a yawning gap between the Airports Corporation of Vietnam (ACV)’s revenue and expenditures.

NA urges caution in amending public investment law

NA urges caution in amending public investment law

Vice Chairman of the National Assembly Phung Quoc Hien has advised caution in amending the Law on Public Investment, saying that adjustments are necessary but must not be made hastily, lest the legal system be disrupted.

Progress on special zones law to ease investment

Progress on special zones law to ease investment

The Department for Economic Zones Management (DEZM) of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organisation, administration and foreign investment incentives and policies.

Finance Ministry to regulate e-trading

Finance Ministry to regulate e-trading

The Ministry of Finance has developed a draft circular that provides a general legal framework on the electronic trading activities at the stock market.

Tax on income from bank savings proposed

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.

Gov’t plans to use IT to connect trade promotion groups

Gov’t plans to use IT to connect trade promotion groups

The application of information technology (IT) is a crucial tool to enhance trade promotion activities nationwide by strengthening information exchange between trade organisations, officials said during a seminar held in Hanoi on September 20.

Ministry to submit real estate plan

Ministry to submit real estate plan

The Ministry of Construction will submit a plan to the Prime Minister on promoting stable and healthy development of the local real estate market in this year’s fourth quarter.

Ministry proposes cut in some fees, charges

Ministry proposes cut in some fees, charges

The Ministry of Finance (MoF) has drafted a few adjustments to charges and fees in several sectors under its management.

Central bank mulls term deposits for foreigners

Central bank mulls term deposits for foreigners

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.

EVN given more power price control

EVN given more power price control

A new decision by Prime Minister Nguyen Xuan Phuc has given more authority to the State-owned Electricity of Vietnam (EVN), the largest supplier of electricity in the country, in deciding power prices.

Government issues tra fish regulations

Government issues tra fish regulations

The Government has issued a decree on aquaculture management, and tra fish products processing and export, the Government Office reported.

RCEP brings new hope for Vietnamese businesses

RCEP brings new hope for Vietnamese businesses

After the failure of the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) is expected to benefit Vietnam provided that the country and the domestic business community make good preparations.

Sovico, BSR in investment talks

Sovico, BSR in investment talks

Investment firm Sovico Holdings is in talks with the Binh Son Refining and Petrochemical Company (BSR Co Ltd) on exploiting opportunities arising out of the latter’s equitisation process.

Special administrative economic zones plans requested

Special administrative economic zones plans requested

Deputy Prime Minister Truong Hoa Binh has asked ministries and Quang Ninh, Khanh Hoa and Kien Giang provinces to submit plans to establish special administrative economic zones in these regions.

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