Selling a Business in Vietnam: Key Insights for Foreign Investors
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
0评论2024-10-218
Key provisions and changes in the Draft Corporate Income Tax Law in Vietnam
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
0评论2024-10-146
Agtech in Vietnam – a promising sector poised for significant growth
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
0评论2024-09-107
Deciphering tax and business incentives in Vietnam
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
0评论2024-08-079
Draft Decree on Personal Data Protection Violations & Sanctions in Vietnam
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
0评论2024-07-296
Decree 73 increases the Minimum Basic & Monthly Wages in Vietnam
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
0评论2024-07-087
Official notice on 2% VAT reduction until the end of 2024
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.
0评论2024-07-012
Tax incentive policies for innovative startups in Ho Chi Minh City
In pursuit of fostering innovation, entrepreneurship, and economic growth, and in alignment with the provisions of Resolution 98/2023/QH15 by the National Assembly, a framework that pilots specific mechanisms and policies for the development of Ho Chi Min
0评论2024-04-178
Significant updates lift foreign investment restrictions in Vietnam under CPTPP from 14 January
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a multilateral trade agreement designed to foster economic integration among its signatory nations. This Free Trade Agreement involves twelve countries: United Kingdom, C
0评论2024-03-252
The new Real Estate Business Law in Vietnam and its significant implications for foreign investors
The 2023 Real Estate Business Law in Vietnam introduces three significant amendments compared to its predecessor, with a particular emphasis on the rights and responsibilities of foreign investors in the Vietnamese real estate sector. These changes unders
0评论2024-03-156
HR and Payroll Pitfalls in Vietnam: 10 Common Errors for Foreign Businesses
Payrolls in Vietnam are complicated processes and are areas where mistakes can easily become the norm unless businesses registered and operated in Vietnam are careful, consciously monitoring and reviewing their processes, procedures and calculations.
0评论2024-03-136
MedTech in Vietnam: Market entry and licensing requirements for foreign investors
Vietnam’s MedTech industry, characterised by innovative medical technologies and rapidly growing healthcare demands, is an emerging market attracting global attention. As this sector evolves, navigating its complex legal landscape becomes crucial fo
0评论2024-03-0110
Regulatory changes for Representative Offices of Foreign Trade Promotion Organisations in Vietnam
The Vietnamese authorities issued on 7 February 2024 Decree 14/2024/ND-CP amending and supplementing articles of Decree 28/2018/ND-CP, detailing the Foreign Trade Management Law on certain measures for foreign trade development. The new Decree effective f
0评论2024-02-2810
The role of ERP in Vietnam’s finance digital transformation
ERP stands for Enterprise Resource Planning, a software-based solution that integrates a company’s core business processes and data into a single system. ERP can play an important role in digital transformation, which involves using technologies to create
0评论2023-10-106
Navigating e-transactions in Vietnam: Unveiling the 2023 law on electronic transactions
On 22 June 2023, the National Assembly approved a new E-Transaction Law (LOET 2023) that will replace the LOET 2005 from 1 July 2024. The LOET 2023 aims to address the issues and limitations of the previous legislation and bring more clarity and guid
0评论2023-10-1010
Significant new improvements underpin Work Permit procedures in Vietnam under Decree 70
Vietnamese authorities released Decree 70/2023/ND-CP (Decree 70) on 18 September 2023, which went into immediate effect, covering several major updates and practical clarifications relating to employing foreign experts in Vietnam. In this article, we cove
0评论2023-09-229
Compliance in 2023 for foreign loans in Vietnam under Circular 8
Compliance with foreign loan regulations in Vietnam is an important consideration for international investors, as it has a direct impact on cash-flows, structural considerations and the commercial position of their business.
0评论2023-08-177
Practical guide for employers on the increase to the Minimum Basic Wage from 1 July 2023 and how it
Following the Resolution of the National Assembly on 11 November 2022 regarding the increase to the Minimum Basic Wage (base salary) from 1 July 2023, on 14 May 2023, the Government issued Decree 24/2023/ND-CP providing further details.
0评论2023-06-233
Digital Transformation in Vietnam from a Finance Manager’s perspective
As Vietnam is a rapidly developing country with a young and tech-savvy population, this makes it an ideal market for digital transformation. From a Finance Manager’s perspective, digital transformation is an opportunity to drive value creation, enable inn
0评论2023-06-154