Hanoi (VNS/VNA) - Vietnam’s new immigration law includes a new type of visa for foreigners who come to Vietnam to conduct activities as part of international agreements Vietnam has signed. The change is expected to facilitate the implementation of new agreements that Vietnam has signed such as the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), said Colonel Tran Van Du, deputy head of the Immigration Department under Ministry of Public Security. The department last week held a session to explain immigration laws to diplomatic missions and non-governmental organisations (NGOs) in Vietnam. Vietnam will issue visas with validity from six to 12 months for foreigners who enter to promote services and establish commercial presence according to international agreements. The amendment to the law on entry, exit, transit and residence of foreigners in Vietnam came into force this month. “Strategic foreign investors who … [Read more...] about New immigration law looks to attract investment
Open trade definition
Another issue is international trade, which is suffering now. There are disturbances for several reasons that have been going on for quite some time between the big global players. The COVID-19 pandemic definitely is playing its part in the tendencies to more protectionism and trade barriers. We need countries like Vietnam - a strong believer in free and open trade to come out as a regional and international leader, and to work with like-minded countries. It is important to have a country like Vietnam to play its part if we are to come out of this crisis in a better shape on climate, on trade, and poverty. … [Read more...] about ASEAN to be leading region in future despite challenges
Meanwhile, the EU-Vietnam Investment Protection Agreement (EVIPA) shall provide a solid legal background for EU investors where they have more tools and inter-country commitments to protect and run EU businesses in Vietnam. “It is no doubt that those effects will make positive influences to EU investors in investment to Vietnam’s logistics industry in both expanding their current business and making new investment via either mergers and acquisitions activities or green-field investment,” Huy said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 30
While many parts of the world are now still in lockdown or social distancing restrictions, life in Vietnam is now back to normalcy: people have got back to work, students back in classes, restaurants and coffee shops have reopened and traffic jams have returned on streets. Some tourist attractions, especially beaches, have been crowded with visitors. … [Read more...] about Can Vietnam parlay its Covid-19 success into bigger victories?
Trần Quốc Nam, deputy chairman of the province People’s Committee and head of the province Steering Committee for Renewal and Development of Collective Economy and Co-operatives, said collectives had contributed much to the province’s socio-economic development by creating jobs and helping reduce poverty and build new-style rural areas. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 9