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BRITCHAM MONTHLY NEWSLETTER – JULY 2023

Category: Event / Date: 07/10/2023

    BRITCHAM MONTHLY NEWSLETTER

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    INTRODUCTION

    May and June have flown by and already we have reached the end of Q2. A challenging one for sure, and certainly a busy one! May saw our annual AGM where we reflected and reported on 2022/23 and also looked forward to the next year. This also saw the election of the new board. I would like to thank both Rick Yvanovich and Matthew Martin for their time as board members and support in pushing BritCham forward. This means I am very happy to welcome 2 new board members to BritCham, Trang Dang, Head of ICAEW Vietnam and Hugh Sykes, Managing Director, Perygrene Ltd. 
     
    In June we held the 2023 edition of the Great Awards & Gala dinner, this was a true celebration of success within our community and a great party! Organisations were recognised for innovation, being a great employer and ESG initiatives to name but a few. Thank you to everyone who attended – we look forward to seeing you in 2024.
    Matt Ryland
    Executive Director

    HO CHI MINH EVENTS

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    WELCOME TO OUR NEW MEMBERS

    BRITCHAM ADVOCACY

    VIETNAM EXTENDS TOURIST E-VISA DURATION TO 90 DAYS
    National Assembly has approved the extension of tourist e-visa from 30 to 90 days. Starting from August 15, 2023. Once granted an e-visa, foreinger can enter and exit Vietnam an unlimited number of times within the 90-day period. Additionally, visitors from specific countries will now enjoy an extended visa-free stay of 45 days, which is triple the previous duration and nationals from popular tourism markets such as Western European countries, Japan, and South Korea are now eligible for a visa-free visit lasting 15 days.
    . 
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    THE INFRASTRUCTURE OPPORTUNITY IN VIETNAM
    The report prepared by Arup, commissioned by the Department of Business & Trade at the British Embassy in Hanoi and the British Consulate General in Ho Chi Minh City, and supported by FCDO’s South Asia Research Hub, provides an assessment of infrastructure development in Vietnam. It focuses on five sectors: Transport, Energy, Water & Waste, Social, and Digital. The report aims to present the current state of infrastructure in Vietnam, identify key drivers and gaps, discuss challenges and bottlenecks associated with infrastructure development, and outline areas of opportunity and market entry considerations for successful implementation. Please find the report here.
    BCAC MEETING AT PRUDENTIAL
    On June 8, BCAC convened a meeting at the new Prudential office in HCMC with the presence of British Consul-General Emily Hamblin and its members. The meeting focused on pertinent economic and advocacy trends, including updates on JETP, CPTPP, existing economic obstacles, and upcoming high-level visits.
    We extend our gratitude to Prudential CEO Phuong Tien Minh for graciously hosting our meeting and the stunning Prudential office.
    MPS DRAFT DECREE ON ADMINISTRATIVE PENALTY IN CYBER SECURITY VIOLATIONS
    The Ministry of Public Security is seeking public feedback on the 3rd version of the Draft Decree on Administrative Penalty in Cybersecurity Violations. Through VBF, BritCham collected and submitted comments to the A05 Department, expressing concerns on the Draft 03. Please find the cosolidated comments here (in Vietnamese).

    INDUSTRY UPDATE

    DECREE 10 ON THE IMPLEMENTATION
    OF THE LAW ON LAND

    Decree 10/2023/ND-CP on amendments and supplements to several articles of decrees on instructions for implementation of the Law on Land in Vietnam (Decree 10). It amends and supplements several articles of Decrees No. 43/2014/ND-CP, No. 44/2014/ND-CP, and No. 148/2020/ND-CP. The changes took effect on 20 May 2023.

    Decree 10 is expected to have a positive impact on the land market in Vietnam and was issued to resolve several existing land-related problems pending the expected promulgation of a new Law on Land later this year.

    (Click the image to read the publication)

     

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