Vietnam Banking Financing

VEITNAM - BANKING AND FINANCING – OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE TRADE AGREEMENT (EVFTA)
By Oliver Massmann
Vietnam’s constant growth is highlighted by numerous macroeconomic data such as a Gross Domestic Product of 5.93%, a Purchasing Managers Index up to 52.9 points in September 2016 and conclusively the increasing number of Foreign Direct Investment.
Furthermore, Vietnam is endowed with a privileged situation of controlled inflation, political stabi

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Vietnam Real Estate Land Use Rights


VIETNAM LAND USE RIGHTS LIMITATIONS FOR FOREIGNERS – OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE TRADE AGREEMENT (EVFTA)

The real estate market in Vietnam has constantly been growing since the Law on Real Estate Business 2014 (LREB) and the Law on Residential Housing (LRH) were adopted. Initial barriers for foreign investors were partially removed with the new legislations and Decree No. 76/2015/ND-CP guiding the LREB dated 10 September 2015 and Decree No. 99/2015/ND-CP

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Vietnam Privatization Equitization

Vietnam - REAL EQUITIZATION PROGRESS – OPENING state owned enterprises up to foreign investors in 11 Sectors

Decision No 58/2016/QD-TTg issued by the Government establishes 11 sectors in which the state will retain full ownership (103 SOEs):

1. Mapping measurement for military and national security purpose;
2. Industrial explosive material production and trading;
3. Transmission, system regulation and management of the national electricity distributio

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Vietnam SOLAR POWER THE FIRST LAW

VIETNAM – SOLAR POWER – AMAZING BREAKING NEWS – THE VERY FIRST SOLAR LAW - GOVERNMENT’S SUPPORTING REGIME FOR SOLAR POWER PROJECTS IN VIETNAM FINALLY OUT
On 11 April 2017, the Prime Minister officially approved the issuance of Decision No. 11/2017/QD-TTg on supporting regime for the development of solar power projects in Vietnam.
We note below some major points in this Decision:
Feed-in-tariff (FIT) rate
EVN is responsible for buying the whole el

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Vietnam Betting Business

VIETNAM – NOW OPEN FOR BETTING BUSSINESS - BREAKING NEWS – WHAT YOU MUST KNOW By Oliver Massmann
On 24 January 2017, the Government issued Decree No. 06/2017/ND-CP, which for the first time legalizes international soccer betting in addition to horse racing betting and greyhound racing betting ( Betting Decree ).
Some key features: 1. Betting business is treated as a conditional business sector the satisfaction of which is evidenced by a certificate of satisfaction of bet

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Vietnam Private Sector


VIETNAM - DEVELOPMENT OF PRIVATE SECTOR – OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE TRADE AGREEMENT (EVFTA)

The private sector is an intrinsic part of the economic and social development. Yet Vietnam does not have as many private enterprises as its neighboring countries.

Private enterprises enhance job creation, Gross Domestic Product and competitiveness. In order to achieve the private sector development, Vietnam should provide elements enhancing technolo

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Vietnam Casino Business

VIETNAM CASINO BUSINESS BREAKING NEWS - THE LAW IS ISSUED – VIETNAMESE CAN GAMBLE - WHAT YOU MUST KNOW: By Oliver Massmann
On 20 January 2017, the Government issued a long-awaiting casino business decree No. 03/2017/ND-CP ( Casino Decree ) allowing Vietnamese nationals to gamble in the country fort the first time in history on this scale.
Here are the key features of the Casino Decree: 1. Casino business, as defined by Casino Decree, means prize winning games on (i) electronic

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Vietnam Insurance Guide

VIETNAM INSURANCE GUIDE
By Oliver Massmann

Market overview

Global Member of IAIS? Yes, Vietnam became member of IAIS in 2007. Global regulators, bodies and legislation applicable to country A project “ComFrame” set up by the Internationally Active Insurance Groups (IAIG related to IAIS), is planned to establish regulatory framework with mandatory standards. For now, it remains at the test phase but would become effective by 2019. Vietnam, as a memb

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Vietnam Power Energy

VIETNAM - POWER AND ENERGY– OUTLOOK ON THE EUROPEAN UNION VIETNAM FREE TRADE AGREEMENT (EVFTA)
By Oliver Massmann
Vietnam has expressed its commitment to turn to clean and green energy while prioritizing domestic energy in respect with social, economic and energy security goals. The increasing demand of energy is pressuring Vietnam into developing local resources which requires attracting private investment.
Up to now, Vietnam is not self-sufficient to provide the energy

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Vietnam Casino Vietnamese allowed to gamble

Vietnam Casino Latest News - Vietnamese allowed to gamble:
The MOF just revealed some proposed contents of the long-waiting casino business decree ( Casino Decree ).
Only 02 casinos are open to Vietnamese individuals on a 3-year piloting scheme, which are located within complex resorts in Phu Quoc District, Kien Giang Province (South Vietnam) and Van Don District, Quang Ninh Province (North Vietnam).
Local players are permitted to enter casinos if they essentially satisfy 04 fo

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