The nation's WTO commitments require it to open goods importing and exporting as well as domestic distribution of goods to foreign investors. To effect this, the Government issued Decree No. 23/2007/ND-CP back on February 12. However, a number of applications for an investment licence have been refused due to the lack of specific guidelines in the decree.

Inheriting the concept from the 1996 Law on Foreign Investment, the 2005 Law on Investment confirms investor rights to carry out investment projects under Build-Operate-Transfer (BOT), Build-Transfer-Operate (BTO) or Build-Transfer (BT) contracts.

Written by lawyers of VILAF - Hong Duc

Many foreign enterprises are keen to invest in import/export trade or in wholesale and retail in Viet Nam. The nation faces an obligation to open up some of these areas to foreign participation pursuant to commitments it has made to the WTO and in other international agreements.

To that end, the Government recently issued Decree No 23/2007 implementing the Commercial Law to establish a legal framework for foreign-invested enterprises wishing to engage in trade or distribution in Viet Nam.

(VNA) - During the business forum and the mid-term consultative group meeting held in Ho Chi Minh City and Can Tho city from June 1-3, donors and foreign investors praised Viet Nam's improved investment environment but also put forth demands on Vietnamese policy makers.

HA NOI - Improved investor sentiment helped share prices on the HCM City Stock Exchange (HOSE) higher yesterday as sectoral buying dominated activity.

HA NOI - Dividend payments remain problematic on the stock exchange with retail buyers focusing too heavily on short term gains rather than corporate fundamentals.

At a conference last week hosted by the Viet Nam Chamber of Commerce and Industry, representatives said there are still a number of misconceptions regarding dividends, which are commonly paid in new shares rather than cas

LONDON - The London Stock Exchange said yesterday that it had formalised ties with Viet Nam's HCM City Stock Exchange that will help Vietnamese companies to further raise money on the LSE.