The Fourth Industrial Revolution could increase Viet Nam’s GDP by between US$28.5 billion and $62.1 billion – equivalent to a rise of 7 to 16 per cent – by 2030, Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung said at a seminar in Ha Noi on Friday.

The new policies include conditions for establishment of foreign-invested vocational training institutions in Viet Nam.

Vietnam then (before 1994) and North Korea today are very different, but there’s one similarity: the relative absence of international business.

With peer-to-peer lending becoming increasingly popular in Viet Nam, experts said a legal framework is needed to regulate the activity to prevent loan-sharking.

The Vietnamese Government has issued a series of conditions required to set up a foreign-invested vocational training institution in Vietnam, expected to take effect from March 20.

Technology solutions are transforming every aspect of life, lining up a plethora of services readily available at the swipe of a finger – and banking and finance is a hotbed of such innovation. Do Danh Thanh, technology consulting director at PwC Consulting Vietnam, told VIR’s Hoang Anh how digital banking is an inevitable trend that puts pressure on banks all over the world to transform their traditional operating models.

The Government has issued a new decree to facilitate business conditions for offshore indirect investment, credit information activities and intermediary payment services under the management of the State Bank of Viet Nam (SBV).

The Ho Chi Minh City People’s Court last December pronounced a judgment, completing the first-instance trial of a civil case between local taxi firm Vinasun and Singapore-based ride-hailing app Grab. However, it does not end the controversial story but raises a lot of questions about how to change authorities’ management thinking to adapt to new business models emerging in a sharing economy.

The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Foreign direct investment (FDI) pledged in Viet Nam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.

The lending rates should  be agreed between lenders and customers (investors) but shall not exceed 70% of the customers' offshore investment capital.

Only foreigners who work as managers, chief executive officers and experts are granted the permit for temporary stay within industrial parks and export processing zones, if necessary, under regulations adopted by the provincial People’s Committee.

The Government on March 12, 2018 issued Decree 40/2018/ND-CP on the management of multi-level marketing activities ("Decree 40"), replacing Decree 42/2014/ND-CP dated 14/05/2014 on the management of multi-level sale activities ("Decree 42").

The Government on March 1, 2018 issued Decree 27/2018/NĐ-CP (“Decree 27”) amending and supplementing some articles of Decree No. 72/2013/NĐ-CP dated 15/07/2013 by the Government on the management, provision and use of internet services and information thereon, tightening the conditions for general electronic information and social networks, and supplementing regulations on the documents, sequence and procedure for providing electronic games.

Increased regional monthly minimum wage, pilot food safety investigations and recruitment of public servants are among new policies that will take effect since January 2019.

The State Bank of Viet Nam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.

The State Bank of Viet Nam has drafted a regulation which would create favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.

The Government on November 7 issued Decree No. 149/2018/ND-CP ("Decree 149"), detailing Article 63.3 of the Labor Code on the implementation of grassroots democracy regulations at the workplace.

The implementation of Decree 20/2017/ND-CP (Decree 20) has affected the production and business activities of enterprises, especially in the real estate sector.

The Government issued Decree 151/2018/ND-CP dated November 7, 2018 amending and supplementing a number of decrees for investment and business conditions within the state management scope of the Ministry of Finance ("Decree 151").