Vietnam Proposes Corporate Income Tax Cut to Boost Economy
Vietnam Briefing highlights the proposed corporate income tax cut to help boost the economy from the after-effects of COVID-19.
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Vietnam Increases Personal Income Tax Deduction for 2020
Vietnam's National Assembly approved the increase in personal income tax deductions for individuals and dependents for 2020.
Personal income tax reductions for individuals in Vietnam for 2020
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.
Vietnam’s Regional Labor Market: Labor Cost and HR Strategy
Vietnam Briefing takes an in-depth look at Vietnam's regional labor market as well as opportunities and challenges for first-time investors.
Vietnam’s New Labour Code: Employment Implications for Foreigners
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.
Repatriation of Profits: Dividend Payments to Foreign Investors in Vietnam
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
COVID-19: Vietnam Issues Financial Assistance for Employers, Employees
Vietnam Briefing outlines a financial assistance package that has been issued by the government for businesses and employees affected by COVID-19.
Vietnam Issues Incentives to Counter Impact of COVID-19 Impact
Vietnam has issued incentives for businesses affected by COVID-19. Some of these include tax breaks and interest rate cuts.
COVID-19: Managing Your Human Resources in Vietnam
Vietnam Briefing highlights some important human resource issues that companies have to deal with during the COVID-19 outbreak.
Work permits, TRCs and visas in Vietnam with COVID-19
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.
Labour Implications in Vietnam With COVID-19
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
Proposed Vietnam Tax Support: COVID-19
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
Vietnam to Increase Labor Related Administration Fines
Vietnam introduced Decree 28 and increased fines related to labor administration violations. We highlight the main fines from the exhaustive list.
How to Operate Your Vietnam Business Remotely During COVID-19
COVID-19 is forcing businesses around the world to work from home. Vietnam Briefing explains how enterprises can manage this efficiently and securely.
Corona Virus & Vietnam: Impacts and Thoughts for Business
By: Matthew Lourey, Managing Partner, Domicile Corporate Services
Investing in higher education in Vietnam: Licensing and compliance
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
Vietnam Coronavirus - The Business Perspective
Trent Davies, our International Business Advisory Manager discusses the business implications of the Coronavirus at an AMCHAM event in Ho Chi Minh City.
Vietnam's Competitive Minimum Wages: How Does it Fare with its Regional Peers
Vietnam's minimum wages, while competitive, increase ever year. Vietnam Briefing highlights this year's increase and how it fares with the surrounding region.
Total Workforce Index 2019 - 3 Challenges for Vietnam's Labor
As Vietnam integrates more into the global economy, it faces three labor challenges according to the 2019 Total Workforce Index.
Changes to Immigration Laws for Foreign Individuals in Vietnam
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
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