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ASEAN auto demand predicted to grow in 2017

ASEAN auto demand predicted to grow in 2017

Viet Nam’s Auto Purchase Index (API) declined to 14.6 in the first quarter from 15.5 as consumers plan to delay purchases until 2018 when the ASEAN Free Trade Agreement eliminates tariffs on cars imported from the regional countries.

About 50 decrees on investment and business amended

About 50 decrees on investment and business amended

So far, the Government has revised 50 decrees on investment and business in an effort to accelerate administrative reform, improve the business environment, and raise the economy's competitiveness.

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New regulations on goods labels

New regulations on goods labels

The Government issued Decree 43/2017/ND-CP (Decree 43) replacing Decree 89/2006/ND-CP on labels (Decree 89).

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Policies take effect in May

Policies take effect in May

From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.  

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Price of pick-up trucks predicted to soar next year

Price of pick-up trucks predicted to soar next year

Vietnamese customers are flocking to buy pick-up trucks, prices of which are expected to increase sharply from next year. The price hike is predicted given the unreasonable price gap between pick-ups and cars with nine seats or less.

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Mechanisms for encouraging solar power development

Mechanisms for encouraging solar power development

PM Nguyen Xuan Phuc has signed Decision on mechanisms for encouraging solar power development in VIet Nam. The following is full translation of the Decision for reference.

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16 legal documents issued in March

16 legal documents issued in March

The Government and the PM issued 16 legal documents, including 10 Decrees and six Decisions in March 2017.

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Strong growth in labour demand and supply in first quarter

Strong growth in labour demand and supply in first quarter

Recruitment demand for mid- and senior-level staff rose by 73 per cent in the first quarter compared to the same period last year, according to a report from Navigos Search, an executive search service in Viet Nam.

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Basic salary of public servants to increase from July

Basic salary of public servants to increase from July

The basic monthly wage of public servants will grow to VND 1.3 million (US$ 58.3) from the current level of VND 1.21 million (US$ 54.3) since July 1, 2017, according to Decree 47/2017/ND-CP (Decree 47) providing for the basic wage level for cadres, civil servants, public employees and armed forces.

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Ministry drafts Decree on compulsory social insurance for foreign workers in VN

Ministry drafts Decree on compulsory social insurance for foreign workers in VN

The Ministry of Labor, Invalids and Social Affairs (MOLISA) is drafting a Decree to guide the implementation of the Law on Social Insurance on compulsory social insurance for foreign workers in Viet Nam.

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Decree sets higher fines for aquatic products violations

Decree sets higher fines for aquatic products violations

The new Government Decree 41, issued this year to replace the 2013 Decree 103, has hiked administrative fines for violations in the aquatic products sector.

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HNX issues derivatives market rules

HNX issues derivatives market rules

The Ha Noi Stock Exchange has issued its membership regulations for derivative market trading, which is scheduled to start operation in the second quarter of this year.

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Fresh policies take effect in April,2017

Fresh policies take effect in April,2017

A string of new policies on trade reconciliation, energy labeling, cash collection and expenditure, financial management mechanism for Viet Nam Electricity Group (EVN) will come into effect in April.

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Host of new regulations take effect this month

Host of new regulations take effect this month

A range of fresh policies coming into effect this month will force major changes nationwide, including registration before drawing money from the State budget and energy labels on cars and motorbikes.

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Understanding the VN law on cross-border web sharing

Understanding the VN law on cross-border web sharing

One of the government policies on the management, provision and use of internet services and online information, under Decree No 72/2013/ND-CP dated July 15, 2013, states that only information in accordance with Vietnamese laws may be transmitted to internet users within Viet Nam, even if it is cross-border transmission.

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New fees on property auction

New fees on property auction

The Ministry of Finance has issued Circular No.335/2016/TT-BTC regulating the collecting level and regime, payment, management and use of property auction fees and property auction entry fees.

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