Policy and Regulation
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Vietnam firms will adopt the IFRS standards by 2025
International Financial Reporting Standards (IFRS) will be adopted in Vietnam by 2025 to remove the current Vietnamese accounting standards (VAS).
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The State got 301 million USD from SOEs’ divestment
The Ministry of Finance (MoF) announced that the divestment of State-owned enterprises have have brought back 6.84 trillion VND (301 million USD) to the State coffer in 2016.
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U.S lift anti-dumping tax on Vietnam’s steel enterprises
According to the Vietnam Competition Authority under the Ministry of Industry and Trade, the US International Trade Committee (USITC) concluded Circular Welded Carbon-Quality Steel Pipe (CWP) in the U
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Vietnam earned 212.1 million USD exporting handicraft products to U.S
The latest statistics of the General Department of Vietnam Customs showed that Vietnam collected 212.1 million USD from exporting rattan, bamboo and sedge products to the US in the first 10 months of
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180,000 administrative documents processed by National Single Window system
The latest statistics showed that the National Single Window (NSW) system has processed 180,000 sets of administrative documents from more than 7,900 enterprises since the system launching in Septembe
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Vietnam will improve bond legal frameworks
The third general assembly of the Vietnam Bond Market Association was taken place on October 26.
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New laws contributes significantly to increasing new firms
More than 105,975 newly established enterprises with a total registered capital of 767.9 trillion VND (34.28 billion USD) were set up from July 1, 2015 to July 1, 2016.
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Deposit interest rate reduced since September 26
The State Bank of Vietnam (SBV) said that some big credit institutions, including State-owned commercial banks, have reduced their interest rates for short-term deposits since September 26.
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The inaugural ceremony of Vietnamese national pavilion at CAEXPO
The opening ceremony of the Vietnamese National Pavilion of “City of Charm” was chaired by Prime Minister Nguyen Xuan Phuc in Nanning, Guangxi, on September 11.
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Opening 13th China-ASEAN Expo (CAEXPO 2016)
The 13th China-ASEAN Expo (CAEXPO 2016) and the 13th China-ASEAN Business and Investment Summit (CABIS 2016) was kicked off in Nanning, China on September 11.
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VN-EAEU FTA will take effect on October 5
According to an announcement released by the Ministry of Industry and Trade (MoIT), the Vietnam-Eurasia Economic Union Free Trade Agreement (VN-EAEU FTA) will take effect on October 5, 2016.
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Vietnam shifts towards high-quality rice exportfrom 2016
The Ministry of Industry and Trade has released a draft on the strategy for developing Vietnam’s rice export market in the period 2016-2020 with a vision to 2030.
