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

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

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.

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

In April 2023 the Ministry of Finance introduced a draft policy to reduce VAT in Vietnam. Previously, the Vietnamese Government had implemented in 2022 a temporary VAT reduction, through Decree 15/2022/ND-CP (Decree 15), which reduced VAT from 10% to 8% i

Responding to the expectations of employees during the past two years, on 12th June, 2022 the Vietnamese Government issued Decree 38/2022/ND-CP with many notable changes related to the Minimum Monthly Wages in the coming time.

On 12 April 2022, Vietnam’s National Wage Council finalised their proposal to increase Minimum Monthly Wage for employees in Vietnam at an average of 6% across the 4 regions, effective from 1 July 2022. This increase is subject to the Prime Minister’s fin

From 1 January 2022, foreign individuals working in Vietnam and their employers are required to fully participate in Vietnam’s compulsory Social Insurance program, resulting in an increase in the social insurance contributions for both employers and emplo

Foreign individuals living in Vietnam are often unaware of the restrictions and processes for repatriating funds that they earn and hold whilst in country. When following the regulations set by Vietnamese authorities, including the State Bank of Vietnam (

From 1 July 2020, new immigration laws have come into effect in Vietnam in relation to Visas and Temporary Resident Cards (“TRC”) for foreign individuals. As background, on 25 November 2019, The National Assembly of Vietnam approved Law 51/2019/QH14 (“New

Corporate groups setting up their Vietnam operations often (incorrectly) assume that they can centralise all their accounting and finance function for their Vietnamese entity into the headquarters finance function. Whilst there are some opportunities, cau

Individuals who have spent time in Vietnam appreciate that sending money into Vietnam is relatively easy (although, caution must be taken to ensure that inflows are correctly documented, otherwise those inflows may be taxed as revenue/income), but getting