Disputes around the draft Labour Code

Disputes around the draft Labour Code

Cutting standard working hours and offering progressive payment for overtime without changing the ceiling of overtime hours would run up costs for businesses.
Vietnam takes a right approach to advance Industry 4.0 ambitions

Vietnam takes a right approach to advance Industry 4.0 ambitions

Vietnam’s Ministry of Planning and Investment has completed and announced a draft of the national strategy on the Fourth Industrial Revolution. Jeff Paine, managing director of the Asia Internet Coalition, writes about how the country can implement such a strategy, with smart policies needed to realise Vietnam’s big Industry 4.0 ambitions.
Cautious roll of dice

Cautious roll of dice

Most lawmakers support the issuance of a specialised decree on prize-wining gaming services, but want to tighten conditions for opening a gaming service facility to minimise impacts on society.
High-tech agriculture takes root

High-tech agriculture takes root

The agriculture sector for many years was an ugly duckling for investors. However, more investors are seeing its huge profit potential with the harnessing of advanced technologies for agriculture manufacturing. Linh Thuy reports.
Uniform forex move may miss the point

Uniform forex move may miss the point

A new draft of amended ordinance on foreign exchange management was posted on May 10 to collect public opinions.
Aviation sector seems wings

Aviation sector seems wings

Local aviation transport will be knocked into shape if a Ministry of Transport draft decree gets the government’s thumbs-up.
Enterprises attack draft Labour Code

Enterprises attack draft Labour Code

Vietnam’s business leaders have come out strongly against the draft amended Labour Code. They say the document is too heavily weighted towards the interests of employees and fails to protect their interests.
Groundshift in investment regulations in the mix

Groundshift in investment regulations in the mix

Apart from number of more specific and clearer provisions, the draft decree proposes various significant and debatable requirements which need to be further considered by the government
Foreigners to take stock of draft decree

Foreigners to take stock of draft decree

A draft decree which introduces certain strict requirements and conditions for share acquisitions may raise concerns to foreign investors who are interested in buying shares in credit institutions in Vietnam, write Dang Duong Anh, executive partner and Nguyen Vu Quynh Lam, senior associate of Vilaf law firm.
Bigger slice of credit institution pie for foreign appetites

Bigger slice of credit institution pie for foreign appetites

Foreign strategic investors are set for a breakthrough in their long desired wish to have greater stakes in Vietnamese credit institutions.
Long awaited VAT path is set to be outlined

Long awaited VAT path is set to be outlined

Local banks’ SOS for value added tax guidance will soon be answered.
Code labours to strike right balance

Code labours to strike right balance

Proposed amendments to the Labour Code have been the source of hot debate between firms and state administrators. Co-Chair of the Vietnam Business Forum’s Manufacturing & Distribution Working Group Fred Burke argues it will be one of the most important laws Vietnam adopts this decade and will have a major say on the nation’s future prosperity.
Gold businesses look to shine

Gold businesses look to shine

Account-based gold trading should be given the go-ahead through forming a national gold exchange to be governed by the State Bank or one industry leader, Vietnam Gold Business Association (VGBA) chairman Nguyen Thanh Long tells VIR.
Firms afraid of red tape handicaps

Firms afraid of red tape handicaps

The latest draft decree compiled by the Ministry of Planning and Investment to amend Decree 108, which guides the 2005 Law on Investment, has proposed more weighty procedural requirements for large projects.
Businesses seek clarity on pricing

Businesses seek clarity on pricing

The Ministry of Finance (MoF) is seeking comments on the Price Law draft expected to be submitted to the National Assembly this year. Under the latest Price Law draft, businesses in Vietnam will face price registration requirements and price stabilisation measures. Dr. Matthias Duehn, executive director of European Chamber of Commerce in Vietnam (EuroCham) expresses his worries about the proposed regulations in this draft.
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