HÀ NỘI — Việt Nam paid US$8.27 billion on importing equipment and machines from China in the past 11 months of 2016, according to the General Department of Customs.

HÀ NỘI — The Việt Nam Chamber of Commerce and Industry’s branch in Cần Thơ City and Japan’s Brain Works Co signed a memorandum of understanding (MOU) to stimulate Japanese investments in the Cửu Long (Mekong) Delta region and enhance trade co-operation between the two countries.

Hanoi — Next year will be a landmark in the development of the ASEAN bloc as it celebrates its golden jubilee and 10th anniversary of the ASEAN Charter, Vietnamese officials said yesterday.

The common view emerged at a meeting held in Hà Nội to review ASEAN co-operation in 2016 and set orientations for coming years.

On October 25^th 2016, the Ministry of Finance issued Circular No. 165/2016/TT-BTC providing for fees for processing of applications for the license for establishment of representative offices of foreign advertising enterprises in Vietnam, and the collection and transfer thereof.         
This Circular is not yet effective and it will come into force on January 1^st 2017, replacing the Circular No. 66/2014/TT-BTC dated May 20th 2014.    

On October 14^th 2016, The Ministry of Finance issued Circular No. 150/2016/TT-BTC  providing for fees for issuance of license for establishment and operation of credit institutions; license for establishment of foreign banks’ branches, representative offices of foreign credit institutions or other foreign organizations having banking activities; license for provision of intermediary payment services by non-bank institutions, and the collection and transfer thereof.

Hanoi – The Government will review Viet Nam’s farming products – such as seafood, rice, vegetables, pepper, coffee, cashew nuts and rubber, and Halal products for Muslim people - in order to increase exports to ASEAN member states. The review will also include building material, steel and steel products in order to promote trade activities with the bloc.

On 1st September 2016, Decree No:127/2016/ND-CP on establishment of ASEAN – Australia –New Zealand free trade area in 2016 – 2018 came into force, replacing Circular No.168/2014/TT-BTC dated November 14^th 2016 on promulgating Vietnam’s special preferential import tariff to implement the ASEAN - Australia - New Zealand agreement on trade in goods during 2015-2018.

Regional minimum wage for contracted employees will increase by 7.3% from January 1^st, 2017.

In fact, on November 14^th, 2016, Vietnamese Government issued Decree No. 153/2016/ND-CP providing for regional minimum wage rates applied to employees working under an employment contract.

Regional minimum wage for contracted employees will increase by 7.3% from January 1^st, 2017.

In fact, on November 14^th, 2016, Vietnamese Government issued Decree No. 153/2016/ND-CP providing for regional minimum wage rates applied to employees working under an employment contract.