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This issue of Vietnam Briefing examines ROs - the processes of working with them, and the rationale for either upgrading or closing them. We explain not just how to close up your RO, but also list out the common reasons for doing so. In addition, we include detailed instructions and timelines on how long it takes to upgrade or close up shop.
The Vietnamese government recently issued Decree 55 which seeks to further clarify Article 54.3 of Vietnam’s 2012 Labor Code regarding the conditions for licensing labor outsourcing activities.
The Ministry of Finance has issued Circular 65 which will amend certain articles of Circular 06 relating to value-added tax (VAT). It will seek to provide greater insight and guidance to various areas related to VAT that were once unclear, including updating key VAT rates.
The Vietnamese government recently issued five new decrees which are to help guide its Labor Code.
New circular stipulates that FIEs that are licensed to export products may now only buy materials from Vietnamese businesses that either have the proper business certificates or are legally allowed to import products and distribute goods.
On April 22, 2013, the Vietnamese Ministry of Industry and Trade (MOIT) issued Circular No. 08/2013/TT-BCT (hereinafter referred to as "Circular 08") regarding the activities of selling goods and related activities by foreign invested enterprises (FIEs) in Vietnam.
