NA deputies, investors seek ‘level playing field’ (07-11-2005) HA NOI — Most of the more than 100 opinions expressed during debate of the draft Investment Law in the National Assembly at the weekend touched on the need of a level playing field for all investors in Viet Nam. And while the deputies agreed that this draft – a composite of the Domestic Investment Promotion Law and the Foreign Investment Law – was more liberal than the existing law, they argued that it still contained many contentious provisions and duplicated other laws. Investment incentives also occupied much of their attention. Many agreed that the inducement should be printed on business licences so that investors could use it as a guide when seeking incentives. Deputy Nguyen Thi Hong Minh, An Giang Province, said that the printing of the incentives would enable investors to streamline their administrative procedures and reduce their expenses. Deputy Lam Van Ky, southern Soc Trang Province … [Read more...] about NA deputies, investors seek ‘level playing field’
International investors incorporated
In Briefs (11-11-2008) Thai investors learn about VN investment HA NOI — Businesses from northeastern Thailand learned about investment opportunities in Viet Nam last Saturday at a workshop in Thailand’s Sakon Nakhon Province. Viet Nam and Thailand should tighten business and investment co-operation in the context of the on-going global financial crisis, Vietnamese Counsellor Tan Anh Vu told the workshop, adding that special focus should be made on promoting trade, investment and tourism co-operation along the East-West corridor. International security exhibition set to open HA NOI — More than 80 domestic and international companies have registered to attend the first-ever International Security, Fire and Safety Exhibition and Conference in Ha Noi from tomorrow. The international companies are from Australia, Israel, South Korea, Malaysia, Singapore, mainland China, Hong Kong, Taiwan, Britain, and the US. The three-day show, organised by the A&S Group and … [Read more...] about Thai investors learn about VN investment
(VOVworld) – Topping Thursday’s discussion at the 5th session of the 13th National Assembly was the consensus reached by numerous deputies for a quick issuance of a law on Natural Disaster Prevention and Mitigation. The draft law stipulates that the government encourages insurance companies to provide natural disaster insurance, supports investors in catastrophe-prone areas and lessens corporate income tax on business’s disaster aid. Deputies said this will help mobilize more social resources in disaster prevention. They also stressed the importance of international cooperation in this field. Deputy Huynh Minh Hoang from the southern province of Bac Lieu said: "The draft law includes a chapter on international cooperation to cope with natural disasters. This is necessary because experiences learned from other countries in managing natural disasters and coordinating different resources will strengthen Vietnam’s resilience capability. Vietnam needs to be … [Read more...] about Strong international cooperation needed to prevent disasters
The Politburo's decision to allow Vietnamese to gamble in a casino could bring back foreign gaming investors who pulled out earlier, but they will wait for the final shape of the law The Communist Party's decision-making Politburo has allowed Vietnamese meeting certain criteria to gamble in a casino to be built in the Van Don Economic Zone in Quang Ninh Province bordering China, deputy speaker of the National Assembly, Nguyen Thi Kim Ngan, said at a meeting of the house Standing Committee held August 15 to debate a bill on betting and gambling. RELATED CONTENT 1,300 Vietnamese place Cambodian bets every dayCan Vietnam become a gambling getaway? But since last year the government has been saying that this issue is off the table, even enacting a law last month to slap fines of up to VND200 million ($9,500) on casinos who let locals in. Minister of Finance Dinh Tien Dung maintained that position at the August 15 meeting, saying the ban needs to be in place to limit the … [Read more...] about Vietnam does U-turn on casino ban for locals; will investors bite?
The rate of internet and smartphone usage is increasing, especially in big cities. Vietnam will become one of the hottest e-commerce markets over the world.According to Nielsen, the annual growth speed of the e-commerce market is 22 per cent and is expected to hit $10 billion by 2022 from the current $4 billion. The Vietnamese e-commerce market shows great potential for development and receives great attention from new investors.According to MK News of Korea, STIC Investment Inc. will pour approximately $10 million into Tiki.vn. STIC is an international venture capital firm, incorporated in 1999, with investments in over 360 companies. The firm has grown into a private equity firm handling over $4.2 billion.Tiki.vn has just received VND1 trillion ($44 million) from JD.com to serve its plans to expand its operations.Before STIC’s investment, VNG, which is the biggest investor of Tiki.vn, held 38 per cent of the shares. To date, Tiki.vn has received investment from three investors, … [Read more...] about Investors pour millions of dollars into Vietnamese e-commerce