Vice director of the Central Institute for Economic Management Nguyen Dinh Cung speaks with Hai Quan (Customs) newspaper about creating conditions to develop private economic groups.
A big question mark still hangs over who should have the final say in foreign invested projects. According to a draft decree, which will replace Decree 108/2006/ND-CP guiding the implementation of the Investment Law issued in 2005, the Ministry of Planning and Investment (MPI) would regain its licencing agency status for specific foreign direct investment (FDI) projects.
In our last Talking Law column, we discussed The World Bank's Doing Business 2010 report and its annual ranking of the business climate in 183 economies worldwide, with a specific focus on tax policies. In this column, we look at how Viet Nam's laws on business insolvency and bankruptcy affect the rankings. This was one of the worst features of Viet Nam's business climate, with the nation ranked only 127th in the world based on this criterion.
International trademarks like ‘Hard Rock', ‘Accessorize' and ‘Debenhams' have recently been registered in this jurisdiction. Along with these well-known brands, Viet Nam has a large number of new businesses entering the country with many thousands of new local and international products being launched annually.
The Ministry of Planning and Investment and the Viet Nam Business Forum held a conference in late January to discuss the draft decree intended to replace Government Decree No 108/2006/ND-CP, which regulates a number of provisions in the Law on Investment.
The Government has just issued Decree No 25/2010/NĐ-CP dated on 3/19/2010 on the conversion of state owned company to one member company limited and organization of one member company limited owned by the State.
On 30 September 2008, Ministry of Finance issued Circular No. 84/2008/TT-BTC guides the implementation some of article of Personal Income Tax and Decree No. 100/2008/ND-CP dated 8 September 2008 in detailed stipulating some of article of Personal Income Tax
The Government issued Decree No. 110/2008/ND-CP dated October 10, 2008 on minimum wage rates for laborers working in Vietnamese companies and enterprises, co-operative, farms, households, individuals and other Vietnam's organizations which renting laborers.
The Government issued Decree No. 111/2008/ND-CP dated October 10, 2008 on minimum wage rates for Vietnamese laborers working in foreign - invested enterprises, foreign and international organizations and foreign individuals in Vietnam.
On 30 September 2008, Ministry of Finance issued Circular No. 84/2008/TT-BTC guides the implementation some of article of Personal Income Tax and Decree No. 100/2008/ND-CP dated 8 September 2008 in detailed stipulating some of article of Personal Income Tax.
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