The Model for an International Financial Center: No Room for Delay with Outdated Thinking
Vietnam is exploring models to develop international financial centers, charting a path for Ho Chi Minh City (HCMC) and Da Nang. To rise as a regional financial hub, the choice of model cannot afford hesitation rooted in outdated thinking. Aspiration The year 2024 marked a pivotal moment in Vietnam’s economic institutional reforms. On November 15, 2024, the Politburo issued Notification No. 47-TB/TW, endorsing the establishment of regional and international financial centers in Vietnam. Accordingly, HCMC is set to become a comprehensive international financial center, while Da Nang will serve as a regional financial hub. To implement this policy, on December 31, 2024, the Government issued Resolution 259/NQ-CP, outlining a detailed action plan and assigning 49 task groups to 12 ministries, agencies, and localities. This demonstrates a clear transition from political resolve to concrete action. HCMC plans to utilize a 9.2-hectare…
Step-by-Step Guide: How to Exchange a Foreign Driving License in Vietnam?
To make traveling around Vietnam more convenient, many expats have opted to exchange foreign driving licenses. Compared to getting a brand new Vietnam driving license, this is a much more efficient…
Comprehensive legal guidelines for bringing your pets safely into Vietnam: Essential Tips
The following instructions are exclusively for cats and dogs travel and certainly much more straightforward than that expected. Don’t waste your time and money for agencies or departments who may…
How to open an indirect investment capital account for investing in Vietnam’s securities market
Investing in securities brings great returns to investors. Currently, Vietnam is one of the promising investment destinations for foreign investors to invest in the securities market. To invest in securities…
What are the regulations for foreign currency exchange in Vietnam?
There are only 17 Cases allowed to use foreign exchange in the territory of Vietnam. In Vietnam, the management and use of foreign currency is governed by the Ordinance on foreign exchange…
Requirements for Recognizing Foreign E-Signature Authentication Service Providers in Vietnam
Pursuant to Clause 1, Article 26 of the Law on Electronic Transactions 2023 (taking effect on July 1, 2024), requirements for recognition of foreign e-signature authentication service providers in Vietnam…
Exploring Foreign Investment Incentives in Vietnam: Opportunities for International Investors
After 02 years since coming into force, the Law on Investment 2014 has been playing an important role in investment trend in Vietnam, especially foreign investment. In order to attract…
What are the regulations for long-term rentals for foreigners in Vietnam?
Pursuant to Article 170 of the Law on Housing 2023, regulations on lease term, rent, and sublet of houses are as follows:- Landlords and tenants shall negotiate on lease term, rent,…
Adoption Conditions and Procedures for Foreigners in Vietnam
When can foreigners adopt a Vietnamese child? Inter-country adoption means the adoption between a Vietnamese citizen and a foreigner, between foreigners permanently residing in Vietnam, and between Vietnamese citizens either…
What are the procedures and requirements for foreigners to open a bank account in Vietnam?
Opening a bank account in Vietnam for foreigners is somewhat more complicated in terms of conditions and documents. Navigating the financial landscape in Vietnam can be a challenge, especially for…
How can Foreigners obtain a Driving License in Vietnam?
Understanding the process of obtaining a driving license in Vietnam as a foreigner is crucial for those planning to drive in the country. This article will explore the eligibility criteria,…
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