2014 looks to be a promising year for PE investment into Vietnam. Higher prices for companies in North America and political and regulatory risks in China are leading private equity investors to emerging markets like Vietnam.
In this article, we outline the two methods for value-added tax calculation in Vietnam and highlight key points of consideration for each.
On June 18, 2014, Vietnam’s Ministry of Finance published Circular 78, which provides additional guidance regarding Decree 218 on corporate income tax incentives and deductions. The Circular will come into effect on August 2, 2014 and will be effective for the whole 2014 tax year.
British retailer Marks & Spencer has announced plans to enter Vietnam’s retail market this summer with the opening of a flagship in Ho Chi Minh City. In the long-term, their company plans to open at least 20 stores in Vietnam by 2020.
On July 8, 2014, after intense criticism from the expat community and foreign businesses, the Vietnamese government issued Resolution 47, which is intended to improve the work permit conditions for foreigners working in Vietnam.