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| BRITCHAM MONTHLY NEWSLETTER |
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May 2023
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We were very happy to launch the 2023 Edition of the Great Awards & Gala Dinner earlier this month, don’t miss out on a true celebration which we will do in style! Friday 9th June at The Reverie Hotel. The event will recognize excellence within our community so please make sure to nominate yourself or customers/suppliers/partners – See you there!I was also very happy to renew our National Sponsorship with British University Vietnam, we have a very successful long standing partnership and I very much look forward to developing this in the coming year and beyond. We also recently welcomed a new sponsor to BritCham, Asia Counsel. We look forward to engaging with them along with introducing them to our business community, building a strong relationship for the future.
I look forward to seeing you at our next networking event which will be on May 18th! Have a great week! Matt RylandExecutive Director |
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| WELCOME TO OUR NEW MEMBERS |
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PRIME MINISTER MEETS FDI CONFERENCE
On 22 April, the Prime Minister, together with DPM Le Minh Khai, DPM Tran Luu Quang, and MPI Minister Nguyen Chi Dung, chaired the Conference with foreign-invested enterprises to listen to concerns from these enterprises, and discuss solutions to address such concerns. There was participation from MOIT Minister, MOF Minister, SBV Governor and other Ministry representatives.
Mr. Nitin Kapoor, VBF Co-chair spoke on behalf of the VBF FDI community, expressing appreciation for the Government's proactive efforts in addressing challenges faced by foreign investors in their daily business operations. He also emphasized the importance of the dialogue between the Government leaders and the FDI community and highlighted some key suggestions made by VBF members in areas such as power and energy, labor, taxes, pharmaceuticals, and the digital economy. Please find the speechhere. |
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NATIONAL MASTER PLAN CONFERENCE
Vietnam has launched its National Master Plan for 2021-2030 with a vision to 2050, with the aim of building a strong and prosperous country that prioritizes the well-being of its people. Prime Minister Chinh chaired a teleconference with representatives from all 63 cities and provinces on 20 April to launch the plan. Britcham has extended the invitation to all members.
Under the National Master Plan, Vietnam is targeting an average annual GDP growth rate of around 7% during the 2021-2030 period. The plan also sets the goal of increasing the country's per capita income to $7,500 by 2030.
Vietnam is aiming to become a developed nation by 2050. To achieve this, the country will strive to achieve net-zero emissions, and average economic growth during the 2031-2050 period will reach 6.5-7.5% annually. |
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VIETNAM'S GOVERMENT APPROVES PROPOSAL TO REDUCE VAT BY 2%
After a long and persistent advocacy effort from the business community, the government has just approved a MOF’s proposal to reduce the value-added tax (VAT) by 2% for all goods and services that are currently taxed at 10%.
For the reduction of the VAT, the Deputy Prime Minister Le Minh Khai has agreed in principle to the Ministry of Finance's proposal and submit a resolution to the National Assembly for consideration, allowing for the development and issuance of a resolution on the reduction of VAT in a streamlined and simplified manner.
BritCham has been taken part in raising this proposal alongside other organisation and will continue advocate for the benefit of business. |
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REVISED DRAFT LAW ON LAND
The current Law on E-Transactions of Vietnam, which entered into force in March 2006, demonstrates limitations in managing new issues emerging from technological applications developing in the nation.
The draft amended Law on ETransactions was first released on 4 May 2022 by the Ministry of Information and Communication (the MIC). The new law is expected to update and refine the existing legal framework to keep pace with the potential ramifications of the rapidly evolving landscape of e-commerce and digital technology. |
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ADVERTISING RATE CARD ON BRITCHAM COMMMUNICATION CHANNELS
BritCham offers several opportunities to show-case your organisation on our communication channels, including: |
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| Sponsorship Opportunities availableInterested? Click HERE and get in touch with our team |
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| BRITISH CHAMBER OF COMMERCE VIETNAMCopyright © 2022 British Chamber Of Commerce Vietnam. All rights reserved |
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| BritCham Ho Chi Minh Office25 Le Duan Blvd, District 1, Ho Chi Minh CityTel: (+84) 28 3829 8430Email: enquiries@britchamvn.com |
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