Vietnamese business visa

Vietcombank is one of the few banks to have met Basel II standards before the central bank's 2020 deadline. (Photo: VNA) Hanoi (VNS/VNA) - The capital adequacy ratio (CAR) of Vietnam's credit institutions has improved thanks to their increased equity. The latest report from the State Bank of Vietnam (SBV) released last week showed the CAR of credit institutions had inched up to 11.80 percent at the end of February from 11.57 percent in the first month of 2019. Previously, the CAR dropped from 12.14 percent at the end of 2018 to 11.57 percent in January 2019. The CAR of State-owned commercial banks rose from 9.31 percent to 9.42 percent, commercial banks from 10.56 percent 10.76 percent and joint venture and foreign banks from 23.53 percent to 24.67 percent. According to experts, the rise was due to the increased equity of the credit institutions, of which the equity of private commercial banks posted the highest rise of nearly 2.02 trillion VND (86.56 million USD) to more than … [Read more...] about Vietnamese banks see improved capital adequacy ratios

Prime Minister Nguyen Xuan Phuc meets overseas Vietnamese (Source: VNA)   Siem Reap (VNA) – Prime Minister Nguyen Xuan Phuc met Cambodians of Vietnamese descent living in the Cambodian province of Siem Reap on April 5 during his trip to attend the third Mekong River Commission Summit.  The PM expressed his best wishes to them on the occasion of the traditional New Year of Cambodia and lauded them for linking the two countries together. He updated them on the development of ties between the two countries, saying that during working sessions, Vietnam asked the Cambodian government to offer all possible support to Vietnamese Cambodians, especially in legal procedures, education and life improvement. He also required the General Association of Vietnamese Cambodians, Vietnamese representative agencies and businesses in Cambodia to stand side by side with their fellow Vietnamese in the country. The leader also urged them to respect and abide by Cambodian law, … [Read more...] about PM meets Vietnamese Cambodians in Cambodia

Nguyễn Thanh Liêm. — Photo zing.vn HÀ NỘI — Two Vietnamese academics, genetic professor Nguyễn Thanh Liêm and biology doctor Nguyễn Thị Hiệp, have made it into the list of top 100 Asian scientists in 2019. They have been chosen by the Singapore-based Asian Scientist Magazine. Prof. Liêm, former director of the National Pediatrics Hospital, is currently heading Vinmec Research Institute of Stem Cell and Gene Technology, a new institute under the Vietnamese conglomerate VinGroup’s healthcare branch. He performed the first endoscopic surgery for Vietnamese children in 1997, and has invented nine new techniques that could be applied in these procedures. Liêm was also considered to be a steam cell trailblazers in Việt Nam as he was the first to study the discipline and applied stem cell therapy in the treatment of autism and cerebral palsy. He became the first Vietnamese to win the 23rd Nikkei Asia Prize … [Read more...] about Two Vietnamese honoured in Top 100 Asian Scientists

Over 2,000 sellers participate in Amazon’s first Cross-border E-commerce Summit held in HCM City on Wednesday. — VNS Photo Global e-commerce company Amazon Global Selling announced on Wednesday that it would further enhance awareness of online exports and expand to more regions in Viet Nam next year. At the company’s first Cross-border E-commerce Summit in HCM City on Wednesday, which attracted over 2,000 sellers, Amazon said it would organise more offline educational workshops and work closer with partners to drive awareness. Its other strategies include providing more services and tools, expanding to new marketplaces and building service partner networks. It introduced Amazon Advertising to the Vietnamese sellers. The company also plans to launch Amazon Singapore, one more international marketplace that will be available to Vietnamese sellers in addition to Amazon.com. The company will identify and build a service partner network to help sellers efficiently … [Read more...] about Amazon unveils Viet Nam business strategy for 2020

The Law on Enterprises is seeking to open up business prospects for companies wishing to get involved in Vietnam’s future growth, ironing out limitations along the way.  Pham Duy Khuong, managing director of ASL LAW, talks about the influence of the law on the Vietnamese economy after 20 years, and how it can be improved upon even further. The latest Law on Enterprises is expected to help businesses through difficulties Over the last two decades, what impact has the Law on Enterprises made on important reforms to improve the business environment in Vietnam? In 1999, the Law on Enterprises was born on the basis of merging the Law on Companies and the Law on Private Enterprises, creating a common legal framework for economic entities in the market economy as well as creating equality between types of businesses. Over the past 20 years, the law has undergone two amendments in 2005 and 2014. The amended Law on Enterprises 2014 is considered to contain many … [Read more...] about An enterprise law fit for the next 20 years