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Compliance key to overseas success

According to Vietnamese not-for-profit organisation People and Nature Reconciliation’s (PanNature) latest survey on cross-border investment risks, there are two main reasons putting Vietnamese investors in legal risks. Accordingly, the companies do not accurately evaluate opportunities and challenges before venturing into the target country, especially the differences in culture, customs, and environmental policies.

Seminar introduces tool to mitigate risks in overseas investment

Speaking at the event, head of the Vietnam Chamber of Commerce and Industry (VCCI)’s Department of Legal Affairs Dau Anh Tuan said Vietnam’s newly-registered overseas capital increased by 357.5 million USD during 11 months last year. Laos, Cambodia, and Myanmar ranked first, second, and eighth among Vietnam’s top business destinations. 

Promote responsible and sustainable investment in agriculture

Forum on "Promoting cooperation for sustainable and responsible investment in agricultural and trade" was co-organized by People and Nature Reconciliation (PanNature) and the Vietnam-Laos-Cambodia Association for Economic Cooperation Development (VILACAED) in Vientiane, Laos on October 20, 2017. At the invitation of the Organizing Committee, CIRUM sent a representative to participate and contribute ideas at the forum.

Firms to observe laws when investing abroad

A research group of PanNature, VCCI and Oxfam was drafting instructions for Vietnamese businesses to invest in agriculture overseas, which aimed to reduce risks in investing and build the image of Vietnamese investors in particular and the national image in general.

Viet Nam urged to tighten resource consumption tax

At a conference held by PanNature at the end of last month, experts said that budget collections from mineral mining activities were not proportional to the exploitation scales. Statistics of the Ministry of Finance revealed that natural resources exploitation (excluding oil) contributed merely between 0.9 per cent and 1.1 per cent to the State budget from 2011 to 2015.

Mining-sourced tax collection needs improvements

Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature Reconciliation (PanNature) on May 13.
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