Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the tax and legal professionals at Dezan Shira & Associates
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Recommended Trade Fairs in Vietnam
Trade fairs are a great way to get a feel of doing business in a country and meeting suppliers face-to-face. In Vietnam, meeting in person to conduct business is still preferred over dealing with contracts via internet or phone calls. Here is a list of recommended trade fairs for 2009.
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UNCTAD: Vietnam is an Example for FDI Attraction
The General Secretary of the United Nation Conference of Trade and Development (UNCTAD) said that Vietnam was considered an example in foreign direct investment attraction. The UNCTAD General Secretary Supachai Pamitchpakdi said that Vietnam’s experiences in FDI attraction should be introduced to other countries.
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More Goods Qualified for 50 Percent VAT Discount
Vietnam’s Ministry of Finance has added thousands of goods on their list that qualify for a 50 percent cut on VAT rates until the end of the year. The list added knives and cutting blades used for machines or mechanical tools, welding rods, water tanks with a capacity of more than 300 liters, steam boilers and turbines.
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More Incentives Offered for Investment in Lang Son Province
During an investment promotion conference in Lang Son Province last May 20, incentives and fast-track procedures were offered to potential investors. The deputy chairman of the Lang Son People’s Committee, Duong Thoi Giang, said that in addition national investment incentives, interested investors are qualified for a low land lease tax of 1 percent of the normal rate.
Photo by Flickr user peigianlong under a creative commons license.
Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Vietnam. These include Indian legal, accounting, tax and due diligence services. These services are also provided in China, Hong Kong and India.
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