The Ministry of Construction (MOC) and the State Bank of Vietnam (SBV) proposed several suggestions to control the capital efficiency in the real estate market, the local online newspaper VnEconomy.vn reported. Specifically, MOC and the central bank recommended: (1) Strictly following the Government’s requirements, reducing the growth and proportion of property loans according to a [...]
This table summarizes the procedures and costs associated with setting up a business in Vietnam. Standardized company Legal Form: cong ty trach nhiem huu han – Private Limited Liability Company City: Ho Chi Minh City Registration Requirements Summary: Procedure Time to complete Cost to complete 1 Check the proposed company name; obtain a business registration [...]
Business cost inside Vietnam IZs, EZs Labour cost Minimum labour cost (working for group of FDI enterprises): 50 USD/month (2) Average labour cost (popular sectors): 50 – 70 USD/month Average salary of Engineers and middle-level managers: 100–250 USD/month Additional 15% of Social insurance and 2% of Medical insurance for employee must be legally paid by [...]
According to a recent survey by the ADB, Vietnam ranks the 2nd lowest living cost country compared with 23 other countries in the Asia Pacific region. As a developing country, Vietnam is facing many problems such as environmental polution, traffics, inflation and quality of life. However foreigners to Vietnam regardless of choices for living costs, [...]
Foreigners are only allowed for immigration (entry or exit) if they have passports or passport substitute papers (hereinafter referred collectively to as passports) and visas granted by competent Vietnamese agencies, except for cases of visa exemption. Foreigners shall carry out procedure to apply for Vietnamese visas at the exit and entry management agency of the [...]
The Culture of Vietnam or culture of the Kinh group which was originated from Northern Vietnam and Southern China is one of the oldest of such in the Asia Pacific region. Despite the influence of the big culture of China over the history, the Vietnamese culture has been established with many features which are similar [...]
Electric price: For industrial manufacturing: Voltage (kV) Normal hours (04h-18h) – VND/kWh Rushing hours (18h-22h) – VND/kWh Low hours (22h-04h) – VND/kWh < 6 6 – <22 22 – <110 >110 895 860 815 785 1,775 1,715 1,645 1,590 505 480 445 425 For business and services : Voltage (kV) Normal hours (04h-18h) – VND/kWh [...]
To maximize investment, Vietnam has been developing different measures for investment guarantee taking the principle of being simple and transparent in the procedures and in practice to ensure fairness among investors, effectiveness and cost-effectiveness in order to develop a stable investment environment. Below are several policies to ensure the investment according to the 2005 Investment [...]
To maximize investment, Vietnam has been developing different measures for investment assurance taking the principle of being simple and transparent in the procedures and in practice to ensure fairness among investors, effectiveness and cost-effectiveness in order to develop a stable investment environment. Below are several policies to ensure the investment according to the 2005 Investment [...]
Besides investment incentives, investment support and investment guarantees, the existing laws of Vietnam also stipulate the areas of investment or business which are subject to conditions. These conditions are indicated in different legal documents requiring the investors’ compliance to. Investment conditions These conditions are applied to some areas which requiring domestic or foreign investors to [...]
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