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Official Gazette

Wednesday, October 17, 2018
Tags: cut
WB economist assesses FDI in Vietnam WB economist assesses FDI in Vietnam
Soon after the National Assembly passed the Law on Foreign Investment in Vietnam in 1987, the country started witnessing Foreign Direct Investment inflows which have made considerable contributions to the national economy. To mark the 30th year of Vietnam’s FDI attraction, Vietnam News Agency talked to Sebastian Eckardt, lead economist at the World Bank Vietnam.
Tax rates for petrol oil to rise from next year Tax rates for petrol, oil to rise from next year
Environmental protection tax rates for petrol and oil will increase from the beginning of 2019, according to a resolution on environmental protection tariff adopted at the 27th meeting of the National Assembly (NA) Standing Committee that concluded on September 20 after nine working days.
Government makes strides in reducing business conditions Government makes strides in reducing business conditions
The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.
Government poised to cut costs for businesses Government poised to cut costs for businesses
Vietnam would cut or simplify at least half of business conditions and lessen requirements in the areas of investment, land, construction, tax payment and social insurance so as to reach a mark equaling the average level of ASEAN-4 countries in the World Bank’s Doing Business survey by 2020.
Half of business conditions to be cut before August 15 Half of business conditions to be cut before August 15
The Prime Minister has recently directed ministries and sectors to cut at least half of their business conditions before August 15, which is earlier than the deadline of October 30 set in Government Resolution 01 issued at the beginning of this year.
Forest related customary laws of the Ta Oi Forest related customary laws of the Ta Oi
The Ta Oi, a Mon-Khmer language ethnic group with a population of nearly 35,000 living mainly in the mountainous areas of the central provinces of Thua Thien-Hue and Quang Tri, has adopted many customary laws related to forests.
Vietnam looks to further better business climate Vietnam looks to further better business climate
There remain many difficulties in the implementation of different versions of Resolution 19 on improving the business environment and national competitiveness over the past four years, particularly unequal participation of different ministries, sectors and localities and delay in the implementation of tasks and solutions.
Ministry proposes merger of provincial departments Ministry proposes merger of provincial departments
Many provincial departments could be consolidated or merged in keeping with the Government’s determination to streamline the administrative apparatus, according to a draft decree unveiled this month by the Ministry of Home Affairs (MOHA).
Governance weaker than public service delivery: The 2017 PAPI shows Governance weaker than public service delivery: The 2017 PAPI shows
Nine years after the first pilot and seven years after the first nationwide implementation, PAPI has become an increasingly reliable and trusted source of data on how well local governments in Vietnam perform in the eyes of citizens.
Horn blowing in Red Daos rituals Horn blowing in Red Dao’s rituals
The Dao, an ethnic group who migrated to Vietnam from China in the 13th century, believe that the Jade Emperor (called Nhut Hung in their language) is the king of heaven ruling the sky, earth, sea and hell.

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