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He also warned that buyers should think twice about a new development model known as a “farmstay”, which has appeared in satellite provinces in recent years. “Land for farmstays is all agriculture land, which can be used only for farming. If buyers invest in this model, their capital investment would be kept for long time and they would face difficulties when investments cannot be recycled,” Nam added. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24

Foreign enterprises have also hoped that the legal representative of an enterprise, the person delegated to be the representative for the owner, and members of shareholders of a company do not have to conduct procedures for awarding work permits. These persons are responsible for managing the work permits and stipulations in line with the Labor Code meet the conditions for awarding work permits. The granting of work permits for these persons is simply an administrative step taken to legalize their work in Vietnam. It does not help solve the key problem of the management of working foreigners in Vietnam. In essence, those foreigners come to Vietnam to carry out the management of foreign investors on behalf of the latter. … [Read more...] about New rules on working foreigner management

Singh also commended the country’s achievements in external affairs and national defence with highlights over the past five years, notably in 2020, such as ASEAN Chairmanship, non-permanent membership of the United Nations Security Council and hosting the signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) agreement that forms the biggest trade area so far. … [Read more...] about Singaporean scholar impressed by Việt Nam’s successes

As the resolution of the upcoming National Party Congress will guarantee both the present and future of the country, and the event will also issue a vision for the country’s international integration process, he believes that Việt Nam, which has long been respected by the world, will secure an even higher standing in the years to come. — VNS … [Read more...] about National Party Congress will guarantee present and future of Việt Nam: Cuban journalist

The scholar also commented that Việt Nam has made continuous efforts to actively and proactively integrate into the world economy via signing a number of important multilateral trade deals such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the European Union – Việt Nam Free Trade Agreement (EVFTA), the Regional Comprehensive Economic Partnership (RCEP), and the Free Trade Agreement between Việt Nam and the UK. Those deals have helped create a driving force for Việt Nam’s economic growth. … [Read more...] about Việt Nam’s foreign policy greatly enhances the country’s position: expert