
Foreigners Subject to Increased Social Insurance from January 2022
Employers and foreign employees in Vietnam should plan for January 2022 when social insurance rates increase in line with the same rates as local staff
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Employers and foreign employees in Vietnam should plan for January 2022 when social insurance rates increase in line with the same rates as local staff
1. IntroductionSince the middle of 2021, the situation in Vietnam with the COVID-19 outbreak grew more complex, resulting in further difficulties for enterprises and foreign individuals.To assist wi
On 27 October 2021, the Government issued Decree 92/2021/ND-CP providing detailed regulations on implementation of Resolution 406/NQ-UBTVQH15 dated 19 October 2021, regarding several measures to support enterprises and people suffering COVID-19 impacts. T
Circular 78 takes effect on 1 July 2022 and further encourages taxpayers in Vietnam to implement electronic invoices before the effective date, offering a comprehensive guide and timeline for the implementation. In this article, we delve into the guidance
The Vietnamese Government issued Decision 28/2021/QĐ-TTg (“Decision 28”) on 1 October 2021 to support employees and employers in Vietnam facing difficulties due to COVID-19, with financial aid and reductions in contributions for the Unemployment Insurance

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On September 9, 2021, the Vietnamese Government issued Decision No. 105/NQ-CP (Resolution 105) going into effect on the same date covering support policies and actions dedicated to enterprises and business households affected by Covid-19 pandemic.
Accessing foreign loans is a common practice for companies operating in Vietnam, where many foreign invested businesses are usually funded by part capital and part debt. The debt is generally provided by their parent entities or other financial insti
The initial Law on Tax Administration was approved by the National Assembly on November 29, 2006 and took effect from July 1, 2007. Since then, the Law on Tax Administration has been amended and supplemented three times in 2012, 2014 and 2016. After more
Human resource and labour compliance in Vietnam is one of the most troublesome areas for international investors operating or seeking to enter Vietnam. In a recent LinkedIn survey of our extended Acclime community, 62% of our audience, when being asked of
Vietnam is regarded as a favourable market entry location for international investors, due to its economic and strategic positioning in the region, as well as the benefits of its geographical location. Recent changes and economic reforms, combined with po
Under significant lockdown measures implemented by the authorities in Ho Chi Minh City, many businesses and individuals are experiencing substantial delays in being able to summit and lodge tax declarations with the relevant institutions. With the release
Facing a complicated stage of the COVID-19 pandemic in Vietnam, which is significantly impacting businesses and people’s lives, the Vietnamese Government has commenced supporting actions in response to the situation through issuing a number of regul
To support businesses and individuals in Vietnam which have been impacted by COVID-19, especially in recent periods, the Vietnamese Government issued Resolution 68/NQ-CP on 1 July 2021. This Resolution implements policies to decrease and defer contributio
Enterprises and business entities operating in Vietnam are required to follow strict and sometimes tedious compliance procedures in order to be aligned with the corporate legal framework set by the Vietnamese authorities. One of the important compliance p
On 1 June 2021, the Ministry of Finance issued Circular 40/2021/TT-BTC providing guidance on Value Added Tax (“VAT”), Personal Income Tax (“PIT”) and tax administration for business households and business individuals. The Circular comes into effect on 1
Decree No. 57/2021/ND-CP issued on 4th of June 2021 took immediate effect and supplements Article 20, point 2, of Decree No. 218/2013/ND-CP and covers favourable CIT provisions applied to supporting industry projects, under certain conditions.
In recent years, a significant number of investors have shifted their focus towards the education sector in search of more opportunities in Vietnam, and specifically towards the EdTech market vertical, which is still at its early stages in the country. As
Free Trade Agreements (“FTA”) cover many elements of bi-lateral relationships between countries, however one of the most important outcomes is in respect to the trading of goods and products.
On 26 March 2021, the Government issued Decree 31/2021/ND-CP (“Decree 31”) providing Guidance on enforcement of Law on Investment 2020 (“LOI”) and in replacement of the previous Decree 118/2015/ND-CP (“Decree 118”). Decree 31 covers a series of significan