Set up branch office in Vietnam

How Foreign Entity Could Set up a Branch Office in Vietnam

How Foreign Entity Could Set-up a Branch Office in Vietnam A foreign business entity or a foreign trader is allowed to set up a branch in Vietnam to conduct business activities. Having the right to conduct business activities and make profit are how a branch differs from a representative office in Vietnam.  A branch depends on the ... Read More

Vietnam business environment 2013

According to Euromonitor in its 2013 International Countries’ briefing, Vietnam continues to attract foreign investors thanks to its various investment incentives, a growing labour force and a flexible labour market. The total economically active population stood at 45.6 million in 2011, 10.0% higher than in 2006 as a result of steady population growth. Foreign direct investment (FDI) … Read More

Circular 09/2013/TT-BTC dated January 17th 2013 of the Ministry of Finance on the interest rates for investment credit loans and export credit loans

Circular 09/2013/TT-BTC dated January 17th 2013 of the Ministry of Finance on the interest rates for investment credit loans and export credit loans Accordingly, the interest rate on export credit loans of the State in Vietnam dong decreased by 1.2% to 10.2%/year, instead of the previous rate of 11.4%/year. This Circular amends Circular 104/2012/TT-BTC and taking effect from the … Read More

Decree 24/2012/ND-CP and Circular 16/2012/TT-NHNN of the State Bank of Vietnam on the gold trading management

Decree 24/2012/ND-CP and Circular 16/2012/TT-NHNN of the State Bank of Vietnam on the gold trading management At some gold trading points in Hanoi like Tran Nhan Tong str (Hai Ba Trung dist), Dinh Tien Hoang str, Hang Bac str, Ha Trung str (Hoan Kiem dist), gold prices are in disorder. Gold plain ring and three … Read More

Circular 39/2012/TT-BCT of the Ministry of Industry and Trade on 50 forms of alcohol production

Circular 39/2012/TT-BCT of the Ministry of Industry and Trade on 50 forms of alcohol production Depending on the purposes of wine production, various forms will be applied to report and record in accordance with provisions of the law. A number of forms issued with the Circular such as: application for new license, issuance, amendments for … Read More

Circular 213/2012/TT-BTC dated January 5th 2013 of the Ministry of Finance on the reduction of the procedures for foreign investors

Circular 213/2012/TT-BTC dated January 5th 2013 of the Ministry of Finance on the reduction of the procedures for foreign investors With the new regulations in this Circular, foreign investors are easier to open a securities trading account in the Vietnam stock market. Instead of having to submit the judicial record that has been notarized and … Read More

Circular 216/2012/TT-BTC on determination of rubber plantation land rent

Circular 216/2012/TT-BTC on determination of rubber plantation land rent Land price as a basis for calculating rubber plantation rent is perennial crop prices and is determined based on the net income from rubber plantation depending on each province. The annual land rent is calculated by multiplying land price with the percentage rate.  The percentage (%) is decided … Read More

Circular 37/2012/TT-NHNN: more objects are allowed to lend foreign currency

Circular 37/2012/TT-NHNN: More objects are allowed to borrow foreign currency Enterprises importing gasoline (assigned by the Ministry of Industry and Trade) that have need for loans in foreign currency to pay debts to foreign countries will be considered for short-term lending in foreign currency till December 31st, 2013. The above are specified in Circular 37/2012/TT-NHNN of the … Read More

Circular 32/2012/TT-NHNN on reducing interest rate on deposits

Circular 32/2012/TT-NHNN on reducing interest rate on deposits From December 24th 2012, credit institutions and branches of foreign banks continue to reduce interest rates on deposits in Vietnam dong of organizations and individuals, in particular: Maximum interest rates applicable to deposits with term of 1 month to 12 months is reduced to 8% (formerly 9%). … Read More

Circular 33/2012/TT-NHNN on reducing short-term lending interest rates

Circular 33/2012/TT-NHNN on reducing short-term lending interest rates From December 24th 2012, the maximum short-term lending interest rates for credit institutions is at 12% / year, for the people’s credit fund and micro-finance institutions at 13%. The above rates will apply to loans to serve agriculture and rural development, service production of small and medium-sized … Read More

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