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Vietnam: Better control on COs needed to avoid trade frauds

Vietnam’s management efficiency in granting certificates of origin for enterprises needs to be improved to reduce trade frauds, Minister and Chairman of the Government Office Mai Tien Dung has said. The state should continue to create favourable conditions for enterprises in the production and export of goods in accordance with international commitments in free trade […]

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Rise of ride-hailing firms against traditional taxis is inevitable in Vietnam: PM

The Hanoitimes – Such trend would help better meet transportation needs at more affordable prices, ensuring convenience, safety and improving service quality of both taxis and electronic-contract based vehicles, stated Prime Minister Nguyen Xuan Phuc. The rise of ride-hailing firms at the expense of traditional taxis in Vietnam’s transportation market is inevitable and seen as a […]

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Foreign businesses seek more revision of Vietnam’s investment policy

The Hanoitimes – According to the draft law, conditions for 12 business lines including commercial arbitration organizations, logistics and franchising, are proposed to remove. Investors, especially foreign ones, are expecting more significant changes in the amended Law on Investment as they still have some concerns about the latest draft law. The Ministry of Planning and Investment […]

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Vietnam banks urged to step up third-party risk management

The Hanoitimes – Most Vietnamese banks are still struggling to comply with the banking authority’s regulations related to digital transformation, particularly those concerning the management of third-party risks. Digital transformation has given rise to increased outsourcing of operations and services by banks to third-party vendors, leading to growing information security threats. Experts, therefore, urged local banks […]

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