Employment in Vietnam for Foreign Investors: All You Need to Know
Employment and labour compliance in Vietnam is an area that can cause confusion and uncertainty to foreign investors entering and operating in Vietnam. In this article we cover the key steps, practical processes and procedures which companies need to foll
0评论2019-12-026
Terminating Employment in Vietnam: What You Need to Know
Vietnamese Labour Laws are drafted with a core concept of protecting employees, and the ability to cease employment relationships in Vietnam is not always straight forward (or even permissible) in many cases. However, employers and employees can follow th
0评论2019-11-107
Four steps to managing your Vietnam corporate income tax obligations
The taxation compliance obligations of a company in Vietnam are time consuming and complicated, especially in comparison to more developed countries.
0评论2019-10-286
Proposed Changes to Current Laws on Investment & Enterprises
Vietnam continues to refine and amend it economic and administrative procedures and structures to meet ongoing global commitments for integration, and to progress the advancement of the domestic economy. The Law on Investment 2014 and Law on Enterprise 20
0评论2019-09-087
Accounting for Provisions in Vietnam (Circular 48/2019)
On 8 August 2019, the Ministry of Finance issued Circular 48/2019/TT-BTC (Circular 48)providing guidance on the accounting and tax treatment of provisions for devaluation of inventories, losses on investments, doubtful debts and warranties for products, s
0评论2019-09-046
Changes to Capital Accounts for Foreign Investors in Vietnam
On 6 September 2019 significant changes come into effect regarding Capital Accounts and capital flows for foreign investors in Vietnam, including transitional arrangements for certain existing investors. This Client Alert looks at the changes, and details
0评论2019-08-282
Obtaining a Vietnam Criminal (Police) Check
Criminal Checks (also known as Police Checks, Police Clearances or Criminal Record Certificates) are required documents in Vietnam for a number of purposes, including for most Work Permit applications. This document looks at process and requirements in de
0评论2019-07-024
Administrative Changes to Work Permit Processes
On 4 May 2019, the Ministry of Labour, War invalids and Social Affairs (“MOLISA”) issued Decision 632/QD-LDTBXH announcing amended and supplemented administrative procedures regarding employment under the management of MOLISA.
0评论2019-06-196
8 Key Investment Considerations When Entering and Operating in Vietnam
Foreign Direct Investment represents one of the main drivers for growth in Vietnam, and contributes to making the country the fastest growing in Southeast Asia. Foreign Investors, as they expand into Vietnam, need to be aware of the hidden risks and “smal
0评论2019-06-144
Tax Department Alert on Common Tax Infringements in Vietnam
The General Department of Taxation and the Ho Chi Minh City Department of Taxation have recently issued alerts highlighting common infringements that they have identified when undertaking reviews of enterprises in Vietnam. The findings are focussed on a n
0评论2019-05-142
Tax concerns when dissolving a company in Vietnam
The liquidation process for a Vietnamese Company is time-consuming, costly, and has significant tax exposures. Care needs to be taken to understand and prepare before investors seek to wind up their company in Vietnam.
0评论2019-05-073
When Should You Start a Company in Vietnam: A Guide For Entrepreneurs
Entrepreneurs, and those in the start-up community, are often conflicted as to when do they need to incur costs and incorporate/establish a formal entity for their endeavour. In Vietnam, this decision is further compounded by the high establishment costs,
0评论2019-04-212
6 Key Accounting, Tax and Compliance Challenges
The accounting, tax and compliance function in Vietnam is one which presents significant challenges in Vietnam, and more so to foreign invested businesses. Six specific challenges that investors face in respect of these are detailed below, looking at the
0评论2019-02-286
Guidance on Social Insurance for Foreign Employees
The Vietnamese Government released Decree 143/2018/ND-CP (“Decree 143”) on 15 October 2018, providing the long awaited guidance for the implementation of Social Insurance obligations for foreign employees working in Vietnam.
0评论2018-10-199
Service Contracts in Vietnam: the Risks & Concerns
Service Contracts are a mechanism commonly used by Vietnamese entities to formalise and document arrangements with individuals, without the need to enter into formal employment agreements.
0评论2018-10-033
Decree on E-invoices in Vietnam
The Vietnam Government released its Decree covering E-invoices in Vietnam on 12 September 2018. Decree 119/2018/ND-CP (“Decree 119”) on Regulations for Electronic Invoices when Selling Goods or Providing Services, sets out instructions which compel enterp
0评论2018-09-1610
Representative Office in Vietnam: Common Misunderstandings
When foreign enterprises seek to establish a commercial presence in Vietnam, the most common approach used is to establish a foreign owned company in Vietnam as the appropriate vehicle. Usually this is the correct (or, often, the only) choice. However, re
0评论2018-05-244
How to Register a Company in Vietnam: A Step by Step Guide
At Acclime, we help foreign investors register their own company in Vietnam. Our corporate establishment and licensing services are designed around simple and practical advice, with clear processes from start to finish. We guide investors through the gove
0评论2018-04-2910
Increased Penalties for Accounting Administration Infringements
On 12 March 2018, the Vietnam Government issued Decree 41/2018/ND-CP concerning penalties for Accounting Administration Infringements. The new Decree is effective from 1 May 2018, and replaces Decree 105/2013/ND-CP.
0评论2018-04-246
Changes to E-invoices in Vietnam
E-invoices have been permitted and applied by a small number of taxpayers in Vietnam for some time, however the Vietnamese authorities are commencing their drive to make E-Invoicing and electronic information sharing mandatory in Vietnam in the near futur
0评论2018-03-2610