ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

Hiển thị các bài đăng có nhãn Set up business in Vietnam. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn Set up business in Vietnam. Hiển thị tất cả bài đăng

Thứ Tư, 30 tháng 8, 2017

Hanoi calls on IT firms to set up shop

HANOI – The government of Hanoi City gives priority to the information technology (IT) sector, thereby facilitating companies to set up shop there, according to Nguyen Duc Chung, chairman of the capital city, at a dialogue with the startup community on August 25.
He said Hanoi is about to launch Vietnam’s startup opportunity finder startupcity.vn on October 10, with an aim to connect technology ecosystem players with new business opportunities.
Phan Lan Tu, director of the municipal Department of Information and Communications, said the city has 16,700 startups, with 800 of them active in the IT sector.
Many incubators like the IT Firms Incubator and the CMC Creativity Center have been set up in Hanoi so far this year. To date, the city is home to 15 incubators.

The director noted the number of incubators and startup-supporting centers in Hanoi has been rising, but they still lack the connection with each other, as well as the absence of policies to establish a single network of these centers to help them share experiences, facilities, mentors and investors.
She said the city will establish a startup ecosystem portal and a startup database. In particular, the portal in both Vietnamese and English languages will provide necessary information for startups and investors.
Besides, municipal authorities will find ways to build a shared service area to support startups. The facility will include co-working space, meeting and training rooms, incubators, and other facilities.
Notably, Hanoi will come up with mechanisms and policies which encourage private investors to set up venture capital funds.
Nguyen Trung Chinh, chairman of CMC Corporation, said at the dialogue that Hanoi should offer incentive policies on land rent and corporate income tax to hi-tech companies, including personal income tax incentives for experts in the sector.
Especially, Chinh said, the administrative procedures should be streamlined so as to create the most optimal conditions for local firms, especially startups, to grow.
He also proposed the municipal government give creative and private companies the green light to implement solutions on urban management, e-governments and smart cities. Besides, Hanoi should let them develop public services under the public-private partnerships.
Hanoi should have sufficient land to build centers for creative technology research. CMC is willing to develop the creative technology research zone that has research centers, incubators and labs, he said.
Hanoi City Chairman Chung pledged to create utmost favorable conditions for startups. The municipal government will team up with central management agencies to formulate policies.
Chung also said the city will kick off work on a software park on Vo Nguyen Giap Street in October.  Hanoi will hand over the land to enterprises responsible for building the zone.

Source: The Saigon Times

Thứ Ba, 30 tháng 5, 2017

HCMC has 400 household businesses upgraded into firms

There have been 413 household businesses upgraded into firms in HCMC this year as the city has been trying to persuade household business owners to register as companies.

A report on the city’s economic performance showed January-May has seen 15,500 enterprises in the city receiving business registration certificates with total registered capital of VND193.8 trillion (about US$8.53 billion), up 10.4% and 54.2% respectively.


Meanwhile, fresh foreign direct investment approvals, including for mergers and acquisitions (M&A),in the first five months of 2017 in the city have shot up 46% against the same period last year to US$1.37 billion.

South Korea is the city’s biggest foreign investor with total investment pledges of US$95.11 million, 27.8% of the total, followed by Malaysia with US$45.07 million (13.2%), Singapore with US$39.91 million (11.7%) and Japan with US$38.9 million (11.4%).

The city government said that in the coming months, the city will continue fostering the startup ecosystem and support the upgrade of household businesses to companies.

The city looks to have 60,000 enterprises newly registered this year and the total number of firms in the city will rise to half a million by 2020. The total number of sactive firm here at the moment is around 300,000.

A recent report of the HCMC Tax Department showed the city has more than 36,472 household businesses eligible for upgrade to firms. The city expects 21,000 of them to become firms this year.

Once upgraded to firms, household businesses will have the opportunity to expand operations, promote brands, and gain easier access to bank loans and other benefits. In case of losses, they will be exempted from corporate income tax and can carry forward losses to the following years.


Source: The SaigonTimes