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maandag 13 februari 2017

Vietnam: New regulations issued on securities margin trading

New regulations issued on securities margin trading
Under the new rules, shares of companies which violate information disclosure and tax regulations and have financial reports not fully accepted by auditors are not eligible for margin trading. The SSC also added time limits for companies to publish their financial statements to be eligible for securities margin trading.
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Decree on piloting granting e-visas for foreigners entering VN
Viet Nam starts piloting granting electronic visas for foreign citizens from 40 countries worldwide including Azerbaijan, Argentina, Armenia, Ireland, Poland, Belarus, Bulgaria, Brunei, the Republic of Korea, Germany, Chile, China...
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Policies for foreigners in VN since January 1, 2017
According to Circular No.264/2016/TT-BTC guides the collection, remittance, management and use of consular charges and fees by overseas Vietnamese diplomatic representative missions and consular representative missions, Vietnamese and foreign organizations and individuals provided with public services and served with State management works by the overseas Vietnamese diplomatic representative missions will have to pay fees and expenditures in the diplomatic areas.
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Decree on trading in duty-free goods
Foreigners, overseas Vietnamese and Vietnamese awaiting departures shall have to show their valid passports and air tickets with registered date of departure when registering to buy goods. The goods shall be delivered to the passengers at the exit checkpoints upon the completion of the exit procedures.
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Draft Law on Public Debt Management
The main contents of the five-year medium-term debt borrowing and payment consist of the overall goal, specific goals, public debt, Government debt and national foreign debt norms, orientations on mobilization, allocation, use and payment of public debts as well as key solutions to ensuring public debt safety and sustainability.
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Decree on horse, dog racing, int'l football betting released
The new decree regulates regulations on business management and punishment on administrative infringements on horse and dog racing and pilot international football gambling in Viet Nam.
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Circular on cross border provision of public information issued
Accordingly, foreign organizations or individuals use websites, social networks, online applications, search services and other online similar methods to provide public information for users (organizations and individuals) in Viet Nam to get access or use services.
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Maritime fees, charges stipulated
The Ministry of Finance has issued Circular No. 261/2016/TT-BTC dated November 14, 2016 providing for maritime fees, charges and schedule of collection rates of maritime fees and charges.
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New policies take effect in February 2017
The Government has issued Decree No. 07/2017/ND-CP defining procedures on pilot grant of e-visas for foreigners entering Viet Nam, which has come into effect since February 1, 2017...
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Thua Thien-Hue aims to attract VND6 trillion of investment in 2017
In the coming time, Thua Thien-Hue will also enhance the quality of business associations and trade organizations to better the connectivity among enterprises. The province will invest over 2 trillion VND in socio-economic infrastructure and industry development programmes in 2017.
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Tetra Pak announces science based targets for climate impact reduction
Mario Abreu, Vice President Environment at Tetra Pak, said: "The collaboration with the SBT initiative has helped us accurately define our greenhouse gas emission targets and set a direction for the company in a scientific way. The new targets ensure we are able to openly and accurately demonstrate the contribution we are making to a low carbon economy among customers and other stakeholders."
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TNT expands network in Vietnam
The centre is part of TNT's development strategy to meet the increasing demands of heavy shipment express services in the trade network linking Vietnam, other Southeast Asian countries, China and Europe.
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New Circular 40 Re Foreigners' Work Permit Regulations And An Overview Of EuroCham's Advocacy activities
Organizations that have to go through MOLISA are state agencies, business associations, foreign non-governmental organizations, foreign entities in Vietnam, operational offices of international organizations in Vietnam and projects with foreign investment. Public organizations functioning under the ministries, ministerial-level agencies, organizations established by the government and the Prime Minister, also fall under the scope of MOLISA.
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VN makes first participation in Asian Winter Games
This is the first time Viet Nam's sports delegation joins the Asian Winter Games. The delegation will be led by deputy head of Ho Chi Minh City's Department of Culture and Sports Mai Ba Hung.
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January agro, forestry, fishery exports drop to $2.54b
The association said in 2016, China was the largest rice importer of Vietnam, purchasing 1.74 million tonnes of rice worth $782.3 million, representing a yearly decline of 17.5 per cent and 8.6 per cent in volume and value, respectively.Other major rice importers in Asean such as the Philippines, Malaysia and Indonesia also witnessed strong reduction of 64.1 per cent, 45.5 per cent and 51.8 per cent, respectively.
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Top 10 economic events in 2016
Economy grows despite difficulties.The gross domestic product (GDP) was estimated to expand by 6.21 percent compared to the previous year in spite of difficulties posed by natural disasters and the marine environmental incident in the four central provinces and the global economic headwinds. The macro economy remained stable while inflation was put under control.
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January 2017 FDI higher year-on-year
During this time, Viet Nam attracted 175 newly-approved projects with total registered capital up to $1.24 billion, up by 37.8 per cent in terms of project number and 23 per cent in terms of capital compared with the same period last year.
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Taking hold
If the government continues to improve the investment environment then foreign investment flows will continue to increase in 2017. Along with its advantages, Vietnam still has much to do to attract investment capital, regarding customs procedures, taxation and access to lending. Its deeper and broader integration into the global economy will offer it more opportunities in M&A activity.
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PM urges stronger development of affordable housing
In an effort to enhance the quality of affordable housing, the PM told the Ministry of Construction to issue additional standards and criteria on affordable housing; research the application of scientific and technical advances and new materials to reduce housing costs; develop the suitable housing product structure; ensure the essential technical and social infrastructure in terms of transport, healthcare, education and culture of affordable housing construction projects in urban areas and at industrial zones; and propose measures and resources to radically deal with the issue of anti-flood houses for needy households in the central region.
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Real estate firms breaking the mould
"This idea shows our efforts to respect our buyers. We believe that buyers will stay a long time with our projects, so we wanted to offer them something very special, very attractive," said a representative from Sacomreal. "This is what we need to do to woo buyers in a competitive market."
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The case for renewable energy
Electricity demand growth has exceeded income growth, and the result has been a rapid rise in electricity intensity. Between 2004 and 2014, the growth of electricity demand also outpaced that of GDP growth. In 2004, producing one US dollar of GDP required 0.9kWh of electricity. By 2014, this had risen to almost 1.5kWh of electricity for one US dollar of GDP (adjusting for inflation).
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Bình Thuận wants floating solar power plant
According to the Ministry of Industry and Trade, the company is allowed to conduct a research and feasibility study to build a floating solar power project on the lake. The plant is not on the list of power sources of the national power planning until 2030, thus the committee has asked the ministry's General Directorate of Energy to assess and add the project to the list under current regulations.
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Legality of condotels must be clarified
"Condotels are being developed mainly in tourist-attraction localities. The project can be developed on commercial service land which is for lease and not allowed to be sold like residential land. As a result, it is difficult to ask for an ownership certificate," Khanh said.
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Draft circular details PPP investment in health sector
According to Nguyen Nam Lien, Director of the MOH's Planning-Finance Department, difficulties still exist in attraction of the private sector's investment in healthcare activities, attributing this to the lack of specific legal provisions; insufficient and incompetent personnel; and inadequate state funds for PPP projects in the health sector.
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Dutch Lady Charity Programme Builds 20th Kindergarten
The 407sq.m pre-school has four classrooms and a kitchen, and is the 20th built under the programme, which seeks to prevent children from dropping out of school, especially in rural and remote areas.The programme has become a useful and humanitarian social activity that contributes to education development, he added. Nguyen Thi Lieu, principal of the kindergarten, said the new school would help reduce the dropout rate.
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Royal HaskoningDHV assists Singapore with new land reclamation method
Mark van Zanten, Senior Project Manager at Royal HaskoningDHV said: "We're proud to help build the future of Singapore. The polder approach has been used in the Netherlands for many centuries, but is still in its infancy in Southeast Asia and the rest of the world. This approach significantly reduces the volume of sand required as compared to the traditional method of land reclamation, and will ultimately result in savings on upfront construction costs."
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Royal HaskoningDHV to support latest East Anglia zone developments
David Walker, Head of Offshore Development at ScottishPower Renewables, said: "As well as committing to invest £2.5 billion to build the East Anglia ONE project, this contract means that ScottishPower Renewables has now invested over £30 million to develop East Anglia THREE, TWO and ONE North. This is a major financial stake in the East Anglia region, and highlights our aspiration to fully unlock the environmental and economic benefits that will come from building up to 3,500MW of offshore wind power in the region. Onshore construction work is set to start on East Anglia ONE early next year, and we hope that we could be building offshore wind power projects for the next decade in East Anglia. We look forward to working with Royal HaskoningDHV over the next 3 years, leading up to submitting planning applications in 2018 and 2019 for these two major projects."
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Air France-KLM rewarded at the "MOOC of the year"
On 19 January, Air France-KLM was awarded the Special My MOOC prize at the "MOOC of the Year" ceremony attended by 300 guests in the Google France premises. This award recognizes the Group's efforts and multiple initiatives to promote the integration of MOOC in vocational training courses. Air France-KLM is proud to be one of the most innovative French companies concerning MOOC.
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Cruise and Maritime Voyages Selects Damen Once Again
Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion (DSC), has completed maintenance works on cruise vessels Marco Polo and Magellan. Both vessels are operated by British based Cruise & Maritime Voyages (CMV), part of the Global Maritime Group. The works represent the on-going business relationship between Damen and CMV.
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Bejo features tropical shallots from seed at Horti Asia 2017
Bejo actively shares their knowledge on the cultivation of open field crops and related subjects. Besides the personal advise of the Bejo represenatives on suitable varieties and cultivation practices meeting your wishes and local conditions, Bejo also provides digital tools like the Cropalyser. The Cropalyser is a practical tool to easily identify major pests, diseases and disorders in vegetable crops. The app currently offers information on the health and growth of the crops: Carrots, Onions,...
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VN to host first top 2017 APEC meeting
Nearly 60 relevant meetings, dialogues and workshops will be held as part of SOM 1, focusing on the theme of APEC Year 2017, "Creating New Dynamism, Fostering A Shared Future", he added. Participants will put forth incentives to implement APEC priorities in 2017, the spokesperson said.
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Heineken expanding Ba Ria Vung Tau brewery
Beer consumption in Vietnam is expected to reach 4.1 billion liters annually in 2020 from around 3.4 billion liters this year. Heineken said the country is its second most profitable market, after Mexico, and still holds great potential. Those aged 18, the legal drinking age, will exceed 72 million by 2021, from under 69 million at present.
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HCM City targets 8.7 per cent growth in 2017
The city will offer incentives for enterprises to invest under public-private partnerships, especially in the city's seven designated "breakthrough" programmes: human resource development, administrative reform, growth quality, competitiveness improvement, traffic congestion and flooding control, and cityscape rehabilitation.
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Enterprises see opportunities in 2017
The Vietnamese economy is expected to be steady with inflation remaining under control. In addition, the Government will continue to implement measures to improve the business and investment environment and support businesses.
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