Raising Vietnam’s “Ease of Doing Business” ranking

HA NOI (VNS) — Viet Nam is seeking to improve its business environment, which has also been recognised by the Government as a vital task for ensuring economic growth and competitiveness in the economy.

As part of the effort, the Central Institute for Economic Management (CIEM) and the United States Agency for International Development (USAID) jointly held a conference on Mar 12 to discuss measures to implement the Government’s Resolution and enhance the country’s ease of doing business index, which is ranked by the World Bank. Read more

Government pushes for reforms to improve business environment; Resolution 19/2015

HA NOI (VNS) — The Prime Minister will focus on improving the business environment and strengthening the economy’s ability to compete in 2015 and 2016.

Key areas of a Government resolution released yesterday include pushing for reforms to reduce time-consuming and wasteful administrative procedures, enhancing governmental offices’ transparency and accountability, and adopting regulations that are in accordance with international rules. Read more

Ministry of Science and Technology delays restrictions on used equipment imports

MS Nokia FDI shift to Vietnamon Fri, Au 29, by issuing Decision 2279/QĐ-BKHCN which stopped implementation of Circular No 20/ 2014/TT-BKHCN. According to the MoST web-site, “organizations and individuals as well as government agencies have not been able to prepare implementation of Circular No. 20. The decision to postpone implementation was made by the Prime Minister at the regular monthly Government (Cabinet) meeting in August.  Read more

Carbonated soft drinks will not be subject to excise tax; Resolution 56

CSD Public Hearing, Ha Long, July 4, 2014After a nine-month communications campaign, the Government decided not to add carbonated soft drinks to the list of items subject to excise tax (special consumption tax) for discussions by National Assembly deputies this October, following extensive consultations and public hearings where stakeholders expressed their viewpoints. (see photo). The decision was published in Resolution 56/NQ-CP, 4 Aug 2014 following the July 30-31, 2014 regular meeting of the Government. Read more

VBF Governance and Transparency Working Group Meeting, Jul 15

VBF-logoWe would like to invite you to attend the first internal meeting of the VBF’s Governance and Transparency Working Group as follow details: Read more

ASEAN Food & Beverage Alliance comments on proposed excise tax on carbonated soft drinks

ASEAN Food and Beverage Alliance 1Carbonated non-alcoholic beverages are fundamentally different to normally taxable products. These differences make carbonated non-alcoholic beverages inappropriate products for selective excise duties. Tiếng Việt Read more

Some concerns about the VNACCS/VCIS implementation on Apr 1, 2014

Customs 450x-The VNACCS/VCIS “Vietnam Single Window” customs system was established in 18 months, a relatively short period, and we feel that we need a period of training, testing, and de-bugging before mandatory implementation. Both customs officials and business users need to understand the system, to minimize errors through training and/or modifications of the system. Read more

Few firms interested in new Vietnam customs system; but required to switch by Apr 1

Customs 450x-Nearly 4,000 import-export enterprises that account for 80% of customs declaration forms will be required to switch to a new system on Apr 1.

Many said that they were familiar with the current e-customs system and not interested in the new one.

VN Customs said the new system would be officially launched on April 1, so there would be implementation problems if few signed up for the project. Read more

Ministry of Finance proposes increase in excise taxes

beerThe Ministry of Finance has recommended an increase in excise tax on alcohol and tobacco by 15-20 percent.

The rate on tobacco will increase from 65 now to 75 percent in July next year and to 85 percent in 2018.

The ministry has also recommended imposing excise tax of 10 percent on carbonated soft drinks. Read more

Technical assistance to help Vietnam implement TPP, 2014 – 2018

Kerry and MinhSecretary of State John Kerry announced a technical assistance program for Vietnam to help implement the TPP Commitments during his visit to Vietnam Dec 14-16, “And today, I am happy to announce USAID’s Governance for Inclusive Growth. It’s a program to help implement the Trans-Pacific Partnership. This is not aid. I want to make that clear. This is an investment, and it’s an investment in broad-based and sustainable growth.” Secretary of State John Kerry, Dec 14, 2013 in Ho Chi Minh City.

On Jan 14, USAID signaled its robust support for the U.S.-Vietnam Comprehensive Partnership with an event to launch its Country Development Cooperation Strategy (CDCS), which outlines the USAID’s development assistance program in Vietnam from 2014 through 2018.  At the event, USAID signed a memorandum of understanding with the Ministry of Justice to officially begin USAID’s new “Governance for Inclusive Growth” program. Read more