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Update news New decree
A new Government decree has been issued detailing increased fines for agencies that illegally send workers overseas and for workers who overstay their permits.
VietNamNet Bridge – A foreign project to establish a higher education institution in Viet Nam must secure total investment funds of at least VND1 trillion (US$44.5million),
VietNamNet Bridge – The Government has issued a new decree governing foreign firms’ establishment of representative offices and branches in Vietnam.
VietNamNet Bridge – Foreign television channels allowed on Vietnam’s pay TV networks are capped at 30% of the total number of channels as regulated in the Government’s Decree No. 06/2016 on management of radio and television services.
VietNamNet Bridge - The strong rise of the VN Index since late June is attributed to the high hopes of a new wave of foreign capital thanks to the new policy on no-limit foreign-ownership ratio in many business fields.
VietNamNet Bridge – A new decree has stipulated in details six categories of Vietnamese citizens who are not allowed to work for foreign organisations and individuals in Vietnam.
Managers in firing line for internal corruption; Congratulations to Japan Emperor’s birthday, National Day; VFF President welcomes Thai ambassador
VietNamNet Bridge – The Ministry of Finance will present to the Government a decree on handling bad debts at State-owned enterprises which will serve as a legal basis to require enterprises to classify debts and better handle bad debts.
For a long time, commercial banks absorbed in mobilizing gold and lending in gold, and selling the mobilized gold for money to lend for higher interest rates.
Contrary to all predictions, the State could not sell gold at the auction held on March 28, 2013. It was because the gold became too expensive after going through the State Bank’s hands.
The fact that the State Bank trades non-SJC bullion gold as per the newly issued Circular No. 06 has helped commercial banks make fat profits.