BBL in Vietnam General Manager Tharabodee Serng-Adichaiwit says BBL’s presence in Vietnam dates way back to 1961, and then 1992. BBL was one of the first foreign banks to open a branch in the country, providing a full range of commercial banking operations. Its two branches, in Ho Chi Minh City (opened in 1992) and Hanoi (opened in 1994), have helped hundreds of companies from Thailand and other countries establish themselves in Vietnam as well as serving Vietnam corporations, he said. … [Read more...] about Leading Thai bank places trust on Vietnamese economy
Local firms are urged to improve their management capacity to adapt to the new normal situation The event saw experts underline the importance of the government’s urgent support policies to help businesses weather the storm. Some of the suggested solutions include encouraging private investment, attracting more foreign direct investment, boosting exports, speeding up the disbursement of public investment, and encouraging greater levels of domestic consumption. … [Read more...] about Workshop discusses measures to support coronavirus hit businesses
Hanoi (VNS/VNA) - Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), said Colonel Tran Van Du, deputy head of the Immigration Department under Ministry of Public Security. The department last week held a session to explain immigration laws to diplomatic missions and non-governmental organisations (NGOs) in Vietnam. Vietnam will issue visas with validity from six to 12 months for foreigners who enter to promote services and establish commercial presence according to international agreements. The amendment to the law on entry, exit, transit and residence of foreigners in Vietnam came into force this month. “Strategic foreign investors who … [Read more...] about New immigration law looks to attract investment
Experts believe that Vietnam should follow a gradual opening roadmap instead of an immediate opening to protect its great achievements in fighting against Covid-19. However, though economic relations were not shut down, the countries’ application of measures to fight against COVID-19 has hindered production, import/export and travel activities. … [Read more...] about How should Vietnam reopen to other economies after COVID-19?
Ambassador Hung highlighted the importance of offering mutual support, sharing various information, and detailing experience among the business community in this challenging period. These efforts must be initiated to change the way business activities are managed, to take full advantage of Industry 4.0 developments, as well as recognising shifts towards a digital economy. … [Read more...] about Mutual support needed to help Vietnamese firms in Laos remove hurdles