Vietnam’s significant Work Permit issues in 2021
Vietnam’s new Labour Code (known as the Labour Law 2019) came into effect on 1 January 2021 and introduced a number of what appeared to be more subtle changes to previous labour laws as applicable to foreign employees. To implement the new Labour Co
0评论2021-05-204
Decree 52 on payment deadline extension for VAT, CIT, PIT and Land Rental in 2021
On 19 April 2021, the Vietnam Government issued Decree 52/2021/ND-CP providing extensions of deadlines for the payment of Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT) and Government Land Rent in 2021. This Decree, which too
0评论2021-04-2610
How To Register Company In Vietnam 2024: Step By Step Guide
At Acclime Vietnam, we help foreign investors register their own companies in Vietnam. Our corporate establishment and licensing services are designed around simple and practical advice, with clear processes from start to finish.
0评论2021-03-2411
Fintech in Vietnam: Market access and conditions
Financial Technology (“Fintech”) is one of the fastest growing business sectors globally, with Vietnam at the forefront of Fintech growth. Fintech targets a diverse customer base, from individuals, to enterprises, banks, non-government organisations (NGO)
0评论2021-03-167
Restrictions and Conditional Provisions for Foreign Investors in Vietnam
As globalisation advances, Vietnam is increasingly recognised as an attractive and feasible destination for foreign investors to expand or establish operations. Although Vietnam is generally open and welcoming for foreign investment, investors are often u
0评论2021-03-1111
Understanding Tariff Elimination Under EU-Vietnam Free Trade Agreement (EVFTA)
After years of negotiations, the European Union – Vietnam Free Trade Agreement (EVFTA) took effect on 1 August 2020, paving the way for increased trade between the EU and Vietnam. The EVFTA is the most comprehensive trade agreement the European
0评论2021-03-046
Decree 1 Covering Enterprise Registration in Vietnam
Following the issuance of the new Law on Enterprise 2020 by the Government, which took effective on 1 January 2021, the Ministry of Planning and Investment released Decree 1/2021/ND-CP covering enterprises registration on 4 January 2021 (“Decree 1”). The
0评论2021-02-046
Planning your corporate governance for 2021 and what to be aware of
Even though 2020 was a challenging year for all, the business environment in Vietnam managed to overcome difficulties achieving a growth rate of 2.91% in 2020, and remained one of only a few economies to achieve positive growth.
0评论2021-01-2810
Decree covering foreign individuals working in Vietnam and work permit provisions
Decree 152/2020/ND-CP (“Decree 152”) was recently released by the Vietnamese Government, coming into effect from 15 February 2021, and covers foreign individuals working in Vietnam, along with Vietnamese employed by certain foreign employers. This Decree
0评论2021-01-1419
Decree covering labour relations, contracts and implementation of Vietnam’s new 2021
The Vietnamese Government has issued Decree 145 (“145/2020/ND-CP”) providing extensive detail and guidelines for the implementation of the Labour Code 2019, including working conditions and professional relations, and which takes effect from 1 February 20
0评论2021-01-1312
Guidance on tax registration for digital based businesses & adjustment area for foreign contract
On 3 December 2020, the Ministry of Finance released Circular 105/2020/TT-BTC detailing the subjects of tax registration; structure of the tax code and tax registration documents, forms and procedures in accordance with the Law on Tax Administration 38/20
0评论2021-01-079
New laws commencing in 2021 for vietnamese businesses
A number of new Laws take effect on 1 January 2021 in Vietnam, and all businesses operating in Vietnam should understand the implications on their businesses of these laws. Key laws include:
0评论2020-12-2914
Reminder for Upcoming End of Year commitments for Taxpayers (Companies and Individuals) in Vietnam 2
Deadline for the 2020 annual financial statement submission for corporate taxpayers and tax finalisation for tax-resident individuals31 March 2021 is the deadline for lodgement of the 2020 Financial S
0评论2020-12-1613
Decree 126 on Tax Administration Law
The Vietnamese Government released Decree 126/2020/ND-CP (“Decree 126”) on 19 October 2020, to implement elements of the Law on Tax Administration 2019. The Decree is a comprehensive document, spanning 266 pages (including appendices), a covering broad ra
0评论2020-11-115
Changes to Transfer Pricing Regulations
On 5 November 2020, the Vietnam Government released Decree 132/2020/ND-CP (“Decree 132”) in respect of Transfer Pricing in Vietnam, replacing Decree 20/2017/ND-CP and Decree 68/2020/ND-CP.
0评论2020-11-107
Starting an E-commerce Business in Vietnam
With the advancement and proliferation of the internet and electronic devices, Electronic Commerce (better known as ‘e-commerce’) has become a foundation of how modern society consumes and interacts. Given the impact e-commerce has on our live
0评论2020-11-0916
Changes to Vietnam Company Registration Procedures
On 15 October 2020, the Vietnam Government released Decree 122/2020/ND-CP (“Decree 122”) regulating the procedures for company registration in Vietnam, and incorporating initial labour usage declaration, Social Insurance registration and tax invoice usage
0评论2020-11-037
New Decree on Invoices, Vouchers and E-invoice Delay
Decree 123/2020/ND-CP (“Decree 123” or “the Decree”) was issued by the Vietnamese Government on 19 October 2020, providing guidance in relation to invoices and vouchers, including the issuance of e-invoices.
0评论2020-10-2816
Decree 68 on Vietnam Transfer Pricing: Key Investor Insights
On 24 June 2020, the Vietnamese government released Decree 68/2020/NĐ-CP (“Decree 68”), which amended Decree 20/2017/ND-CP (“Decree 20”) regarding tax administration for enterprises with related-party transactions and the relaxing of interest
0评论2020-10-125
Compliance Risks and Solutions for International Investors
Enterprises operating in Vietnam are required to meet thorough compliance obligations that are often complicated, time consuming and subject to continuous change by government bodies. As businesses seek to expand in Vietnam, foreign investors need to be a
0评论2020-10-0713