For the last 10 years, under an exponential increase in foreign trade and supply chain diversification, Vietnam has been identified as a key supply chain and export hub in the ASEAN region. Since then, foreign investors operating in trading have been ente

On 2nd of April 2025, the US administration stated that current foreign trade and economic practices constitute a national emergency, President Trump imposed responsive tariffs to all countries that aimed at strengthening the international economic positi

In line with the government’s ongoing efforts to improve the business environment, attract foreign investment, and promote economic growth, the Vietnamese National Assembly has recently adjusted numerous laws. These amendments aim to remove urgent i

On 26 November 2024, following the program of the 8th session of the 15th National Assembly, the amended Value Added Tax Law was officially passed, including significant changes which will take effect on 1 July 2025. The provision regarding the revenue th

In the rapidly evolving landscape of global commerce, e-commerce has emerged as a pivotal force in Vietnam, enabling businesses to transcend geographical boundaries and reach customers worldwide. However, with this expansion comes the critical need to und

Vietnam has become a compelling destination for business, standing out as a promising market despite global economic challenges. With a vibrant economy and growing opportunities, foreign companies have flourished and expanded, driving significant growth i

On June 11, 2024, the Ministry of Finance in Vietnam unveiled a new draft of the Corporate Income Tax (CIT) law for public consultation. This draft introduces significant changes designed to simplify the tax system and address various challenges encounter

Vietnam’s agriculture sector continues to play a crucial role in the economy, accounting close to 15% of its overall GDP in 2023. However, the expansion of information technology, the demands of international integration for higher quality agricultural pr

Historically, Vietnam has attracted foreign investors based on its significant economic, social, geographical, and governance assets. These assets make the jurisdiction one of the most desired investment locations globally and a preferred choice for mediu

The draft decree on administrative penalties for violations in personal data protection, discussed by the Vietnamese Government on 2 May 2024, encompasses a broad spectrum within cybersecurity provisions and includes sanctions covering information securit

The Vietnamese Government has recently issued Decree 73 formally approving increases to the Minimum Basic Wage and Minimum Monthly Wage, effective from 1 July 2024. This article examines the impacts of these increases to help employers and employees under

On 30 June 2024, the Vietnamese Government formally approved a 2% VAT reduction for the last six months of 2024 by issuing Decree 72/2024/ND-CP.