HomeExperienceForeign Investment In Vietnam

Conflict resolution

Conflict resolution

 Any dispute relating to investment activities in Vietnam shall be resolved through negotiation and conciliation, or shall be referred to arbitration or to a court in accordance with law in case it could be resolved through negotiation and reconciliation

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Competition

Competition

 Vietnam Law on Competition is effective since July 1st 2005. Compared to other countries, the issuance of this law late, however the law covers some progressive regulations, especially modifications relating to behaviors and actions by the state owned enterprises which are not yet regulated by other countries. The competition Law has created a fair ground for all types of enterprises, provided legal foundations for a fair competition environment. Vietnam Competition Administration Department and Vietnam Competition Council (VCC) is the direct state management agencies relating to competition activities

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Banking

Banking

 Vietnamese banking and credit system consists of Central Bank – also referred as Vietnam State Bank and other banks. The Vietnam state bank executes the state management role relating to currency and banking activities.

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Environment

Environment

 The 2005 law on environmental protection requires adjustments to activities relating to environment. The Government passes the national environmental standards and adjusts it every 5 years or sooner. The national environmental standards include standards on quality of surrounding environments and standards of wastes applied to all individuals or enterprises.

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Foreign Trade - Customs

Foreign Trade - Customs

 Policies of the Vietnamese government on the international trade have been positively changed over the past 10 years. Vietnam always increases bilateral cooperation, particularly the Vietnam-US Agreement on Trade, participation to the ASEAN, APEC and integration into AFTA and Vietnam‘s participation to WTO at the end of 2007.

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Intellecture Properties

Intellecture Properties

 Currently, legislative system on intellectual property of Vietnam (Civil Law and Intellectual Property Law) is quite comprehensive, gradually moving towards principles and regulations of WTO and WIPO etc. Regarding international commitments, Vietnam is a member ratified to important declarations such as Paris convention

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Labour

Labour

 Enterprises with foreign capital are entitled to directly recruit Vietnamese workers or recruit through a human resource service. They are requested to send a list of recruited workers to the local government labor management agency

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invest in vietnam

invest in vietnam

 Before 1999, Vietnamese laws on tax still provided discriminination among state owned economic entities with other economic entities. However, current trends of highly developed economy require the state to respect and implement anti-discrimination policies. Current laws and policies on tax provide equality among economic entities as well as among domestic and foreign investors. Especially many tax policies demonstrate preferences in order to attract more investment by the government of Vietnam.

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High bad debts hit finance leasing firms in Vietnam

High bad debts hit finance leasing firms in Vietnam

Finance leasing companies in Vietnam are facing troubles because their non-performing loans (NPLs) widened to 45.38% of their total outstanding loans as of last June, Vice Chairman Ha Huy Tuan of the National Financial Supervisory Committee has said.

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Dutch Government invests in cruise fleet in Vietnam Ha Long Bay

Dutch Government invests in cruise fleet in Vietnam Ha Long Bay

The government of the Netherlands has invested in a new cruise fleet, “Life Heritage Resort Ha Long”, aiming to create stable jobs in the Vietnamese tourism.

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