News

• NA passes investment law with prohibited industries clarified

  November 27, 2014

  – The National Assembly approved an amended Law on Investment which reduces the number of prohibited sectors from 51 to six on November 26, 2014. About 85 per cent of delegates voted for the changes.
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• Tide turns on investor treaties

  November 24, 2014

  – The tide is turning against the controversial system in which foreign companies are allowed to sue governments of their host countries in a foreign court for millions or billions of dollars.

  At first it was the developing countries that started to rebel against the system, known as investor-state dispute settlement (ISDS), which is embedded within bilateral investment treaties (BITS) or in free trade agreements like the Trans-Pacific Partnership Agreement.
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• Tariff cuts across the board

  November 15, 2014

  – Since 2010, the Agreement on Trade in Goods of ASEAN (ATIGA) has offered an enormous benefit for local business when tariffs on a lot of materials, accessories and machines for manufacturing have been slashed to 0%. Then, in the 2015 – 2018 period, this agreement will heat up the competition when duties on many consumer goods are cut to zero.
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• Export firms need to be aware of trade laws

  November 14, 2014

  – HCM CITY — Vietnamese export firms need to improve their awareness and preparations to cope with the World Trade Organisation’s trade defence that allows importing countries to take action against exporting nations, a senior official said.
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• Businesses still struggle to cut through red tape

  November 14, 2014

  – DA NANG — More than 20 per cent of the central city’s 15,000 businesses complained of arduous delays or informal charges to access information regarding licences for land, construction and businesses.

  Vice-chairman and general secretary of the city’s Association of Small and Medium Sized Enterprises, Nguyen Van Ly, told Viet Nam News on November 13, 2014 at the start of a project to improve business administrative procedures and access to information.
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• As TPP Trade Talks Miss Third Deadline, Opponents Claim Momentum

  November 11, 2014

  – WASHINGTON – For the third year in a row, government negotiators for 12 Pacific Rim countries have missed an internal deadline to reach agreement on a controversial U.S.-led trade deal.

  And though negotiators for the accord, known as the Trans Pacific Partnership (TPP), say the process is nearing completion, critics of the deal are expressing optimism that both public opinion and political timing are increasingly against the deal.
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• FDI firms want barriers removed

  November 8, 2014

  – DA NANG — Barriers to increased foreign direct investment (FDI) were discussed at a dialogue between this central city’s leadership and FDI enterprises on November 7, 2014.

  The dialogue was an opportunity for FDI enterprises and city authorities to share experiences and opinions on how to dismantle obstructions in investment policy and reform administrative procedures and other requirements that limit funding from investors.
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• Business Freedom Restriction Kept At Bay

  November 8, 2014

  – The right to do business has been affirmed in Article 33 of Constitution 2013 and Clause 1, Article 7 of the Enterprise Law 2005. The former highlights every individual’s right whereas the latter pertains to that of every enterprise’s right to embark on any field of endeavor that the laws do not forbid.
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