Vietnam Investment Review - VIR

Corporate

PetroVietnam to divest from PVcomBank
09:17 04/08/2015 PetroVietnam to divest from PVcomBank

The Viet Nam Oil and Gas Group (PetroVietnam) will divest its holding in the Viet Nam Public Bank (PVcomBank) this year, a government's press conference was told last Friday.

Investing

Rise in disbursed FDI mirrors investors’ growing confidence
15:56 03/08/2015 Rise in disbursed FDI mirrors investors’ growing confidence

Despite a seven-month decrease in newly-registered and expanded foreign direct investment, a significant rise in disbursement of this type of capital has reflected foreign investors’ climbing confidence and contribution to Vietnam’s economy.

Tech

Telephone exports soar in first seven months
09:19 04/08/2015 Telephone exports soar in first seven months

Viet Nam's exports of electronics, computers and components saw a sharp year-on-year increase of 57.8 per cent, hitting US$8.7 billion in the first seven months of this year.

Property

Change to Real Estate Law begets challenges
10:31 03/08/2015 Change to Real Estate Law begets challenges

It has been more than a month since Vietnam’s Law on Real Estate Business came into effect. Investors and their legal advisers had been eagerly anticipating this law, as it sees Vietnam move towards a more transparent legal framework for the real estate sector.

Money

Selling power drags down VN Index
14:18 03/08/2015 Selling power drags down VN Index

The rise in selling power and market caution made the VN Index on the HCM Stock Exchange lose 11.43 points, or 1.84 per cent, to close at 609.63 points.

Province

Opportunity blossoming in Ha Nam
10:31 03/08/2015 Opportunity blossoming in Ha Nam

On the eve of the conference to promote investment to Ha Nam  province held in Ho Chi Minh City on August 6 by the provincial People’s Committee, the Central  Party Committee’s Economic Committee, and the Ho Chi Minh City People’s Committee, Mai Tien Dung, Ha Nam Party Secretary and Chairman of the People’s Council, spoke to VIR’s Khoi Nguyen about the province’s huge potential for investors.

Travel

Watch out for scam bus services from Hanoi to Sa Pa
10:07 04/08/2015 Watch out for scam bus services from Hanoi to Sa Pa

If you are invited to book a seat on a bus traveling from Hanoi to the famous tourist town of Sa Pa, do not hesitate to say no, as there is no such service.

Leisure

VTV and TBS to produce second TV drama
09:51 04/08/2015 VTV and TBS to produce second TV drama

After the first jointly produced TV drama Nguoi cong su (fellow worker), Vietnam Television (VTV) and Japan’s Tokyo Broadcasting System (TBS) Television will turn out the second drama “Khuc hat mat troi” (the sun’s song).

Society

Popular charity act in Saigon dealt a blow in Hanoi
10:03 04/08/2015 Popular charity act in Saigon dealt a blow in Hanoi

While iced tea tanks put along the streets to help people quench their thirst for free can easily be spotted across Ho Chi Minh City, the imitation of the good deed in Hanoi has been treated differently.

Sports

Sports management in Vietnam needs to be restructured for progress: ex-official
10:10 04/08/2015 Sports management in Vietnam needs to be restructured for progress: ex-official

State management of sports in Vietnam needs to be restructured since it has remained unchanged over the last 30 years, according to a former sports leader in Ho Chi Minh City.

World News

Obama to unveil 'biggest step ever' in climate fight
11:23 03/08/2015 Obama to unveil 'biggest step ever' in climate fight

US President Barack Obama will on Monday unveil what he called the "biggest, most important step we've ever taken" to fight climate change, a sensitive issue central to his legacy.

Your Consultant

New circular introduces key corporate-income tax changes
09:50 29/07/2015 New circular introduces key corporate-income tax changes

On June 22, 2015, the finance ministry issued Circular 96/2015/TT-BTC, guiding the corporate income tax regime in Decree 12/2015/ND-CP ("Decree 12") of the government, dated February 12, 2015.