“With regards to Vietnam’s newly implemented merger filing regime, the new scope and triggers are broader than the previous regime and potentially capture more cases of economic concentration transactions so long as these transactions have an anti-competitive effect on the Vietnamese market,” Chung went on. “While it is understandable and laudable for Vietnam to want to more robustly understand and regulate the Vietnamese market and to ensure healthy competition, there is also an element of unpredictability and concern among investors while there remain uncertainties as to what transactions are captured and whether and how long approval processes might take. As the regulations and the implementation are new, we hope and expect to see more guidance from the competition authority over time.” … [Read more...] about Legislative changes to drive M&A activities in Vietnam
“That is in line with the government’s requirement of administrative reform through cutting the number of legal documents applicable to businesses,” said the VCCI's chairman Vu Tien Loc. “Law-making has focused on the level of the National Assembly instead of ministries as previously.” … [Read more...] about VCCI highlights advances in legislation and business reforms in 2020
Phu Yen People’s Committee assigned the Department of Natural Resources and Environment to manage RS activities in the province, update RS image data including high-resolution images every year and super-high-resolution images every five years. The department was also charged with proposing the province People’s Committee policies to manage and improve the use of RS technology in investigating, monitoring natural resources, environment, dealing with climate change and promote socioeconomic development as well as ensure national security. … [Read more...] about Phu Yen approves plan to put national remote sensing strategy to action
In 2021, the Vn-Index is set to surpass the 1,200-mark, thanks to the central bank’s current easing monetary policy to stimulate economic growth; a high economic prospect with estimated GDP growth of 6.5%; the revised Securities Law subject to take effect on January 1, 2021 with more support for investors; and the global Covid-19 vaccination programs. … [Read more...] about Where to invest your money in 2021?
Sydney (VNA) - Australian businesses will have a great chance to be successful with their business in Vietnam once they embrace and respect the local culture, treat Vietnamese workforce with respect, and speak a little slower than they do at home, said Austal CEO Patrick Gregg. In a recent interview granted to the Vietnam News Agency correspondent in Sydney on the shipbuilding group's business in Vietnam and the country’s business environment, he said “My suggestion to any Australian business considering setting up in Vietnam would be to do their homework well, reach out to the relevant provincial People’s Committee for support as well as Auscham Vietnam and the Department of Foreign Affairs and Trade (DFAT) of Australia”. They should start with a small but skilled expat base, preferably experienced with Vietnamese or Asian cultures and surround them with a key Vietnamese management team that have solid English language skills, both written and … [Read more...] about Austal CEO: Australian firms see great chance to do successful business in Vietnam