Vietnam has made a new policy move in its journey to transform itself into a digital economy and improve its legal framework, much to the appreciation of investors and businesses.

The Ministry of Construction’s proposal to allow foreigners to buy tourism property developments in Viet Nam needs careful consideration, experts have said.

The National Assembly passed the EU-Vietnam Investment Protection Agreement (EVIPA) Thursday morning in Ha Noi.

Ten laws and 21 resolutions were adopted at the just-concluded ninth session of the 14th National Assembly (NA) that lay the legal foundation for further fostering the country’s socio-economic development and international integration.

Viet Nam’s energy sector is on the right track developing and using clean and renewable energy, but there are still obstacles ahead to ensure a greener power supply, experts said.

The National Assembly (NA) passed the revised Law on Enterprises on Wednesday morning in Ha Noi, introducing several important changes to regulations overseeing business activities.

The State Securities Commission may be authorised to switch the stock market off if it falls too much in the trading day.

HÀ NỘI — Việt Nam plans to set up separate zones with ensured hygienic conditions and testing labs to welcome diplomats, investors and businesspeople who enter Việt Nam to work short-term.

The ongoing pandemic has been affecting economies around the world. Under its impacts, companies have faced many business risks. Transfer pricing risks in particular may affect companies which have incurred losses during the last few months.

The escalating global health crisis is undoubtedly turning into an economic one as the lack of information has resulted in large amounts of uncertainty in global markets. The full impact of the pandemic is still to be determined, and so far nobody can predict how or when world economies will recover.

The Government’s policy of giving a five-month postponement of tax and land-use fee payments to support businesses to overcome the difficult time caused by COVID-19 pandemic should be extended to allow more companies to get back on their feet.

With increasing debate over the quality of foreign investment, a new regulation requiring overseas investors to ensure pre-approved projects and have an investment certificate before a business is established is being seen as a major hindrance to investment flows.

More transparent and compatible factors from the Vietnamese government and investors are key requirements to attract further funding from the international arena into the country’s real estate market.

Most Southeast Asian economies are likely falling into recession in the first half of 2020 due to the severe impact of the COVID-19 outbreak, according to a fresh report commissioned by the Institute of Chartered Accountants in England and Wales. Growth, however, is expected to spring back to an average 8 per cent in 2021, supported by fiscal stimulus packages and monetary easing.

Weak financial stability and a lack of capital are forcing many businesses to seek M&A deals amid the COVID-19 pandemic.

In general, foreign investors are seeking safe, stable investment environments with established real estate market practices, rule of law, and structured land ownership, with available financial support from banks. Vietnam, Indonesia, and the Philippines have all worked hard to improve their legal frameworks to protect foreign investors and remove risks associated with issues such as repatriation of funds and providing a safe working environment for their employees.

Experts forecast Viet Nam’s wind power sector would further grow in line with the Government’s stronger regulatory support announced recently and rising investor interest, which has strengthened the project pipeline.

Viet Nam needs effective changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.

The new draft Law on Public-Private Partnerships (PPP) is being discussed at the National Assembly, and set to be voted on June 18 which also specifies PPP-based investment in the country’s power grids and power plants.

The approval by the Vietnamese National Assembly of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) is a historic achievement. It represents an extraordinary step ahead in the relations between the European Union and Vietnam, and it embodies the most appropriate way to celebrate 30 years of diplomatic relations.