The Vietnamese Government formally released Resolution 954/2020/UBTVQH14 on 2 June 2020 to implement reductions in Personal Income Tax for Vietnamese taxpayers for the 2020 tax year, as part of the effort to stimulate the economy.

On November 20, 2019, the National Assembly adopted the Labour Code No. 45/2019/QH14 (“Labour Code 2019”). The Labour Code 2019 will come into effect on 1 January 2021.

The repatriation of profits through dividend payments is an important element to any foreign investment in Vietnam. The good news is that the process is not overly complicated, provided that the appropriate ongoing compliance procedures are undertaken by

In recent weeks, in combination with the effective closure of Vietnam’s borders for foreign individuals, there has been concern and confusion with how Work Permits, Temporary Resident Cards and Visas are being processed for foreign individuals in Vietnam.

The impacts of Covid-19 continue to be felt globally, with businesses in Vietnam being effected by downturns across many sectors. As part of the planning on how to manage business continuity and control costs, understanding the rights and responsibilities

On 11 March 2020, the Ministry of Finance issued a draft Decree to defer certain tax payments to support businesses that are effected are impacted by Covid-19. The final draft is intended to be submitted to the Government for approval shortly, after feedb

By: Matthew Lourey, Managing Partner, Domicile Corporate Services

The higher education sector in Vietnam has attracted a significant focus in recent years for its potential growth and returns for investors. However, despite the opening up of the sector to foreign investors, the approval process is substantial, extremely

On October 19, 2019, the National Assembly of Vietnam approved amendments to the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (“Law”). The amended Law was formally issued on 25 November 2019 (Law 51/2019/QH14 on amending and supplem