Featured News

  • Understanding How to Hire and Pay Staff in Vietnam

    Having a clear understanding of how to hire and pay your employees in Vietnam is crucial to ensuring your company's success. In this article we take you through the regulations surrounding the hiring of employees and provide a discussion on wages.
  • Vietnam-U.S. Relationship Shows Continued Signs of Improvement, TPP Progressing

    Recent high-level government meetings have confirmed that Vietnam and the United States are continuing to strengthen their bilateral relations. Among the important agreements are trade deals such as the Trans-Pacific Partnership (TPP) and the removal of a US arms embargo. In 2015, the two countries will cel...
  • A Foreign Investor's Guide to Understanding Intellectual Property in Vietnam

    Intellectual property (IP) is a key concern for every business, no matter where they are operating. This is no less true in Vietnam - while the country has signed onto numerous IP conventions, there are still many reasons for foreign companies operating there to keep a close eye out for IP violations. Theref...
  • Key Steps for Setting Up a Business in Vietnam

    Establishing a business in Vietnam is not simple, there are a number of important steps that must be taken in order to ensure proper compliance with the country’s laws. Key among these processes are the acquiring of an Investment Certificate, charter capital, and establishing the correct management structu...
  • A Guide to Understanding HR Trends in Vietnam

    Once a company has gone through all the legal procedures required for the establishment of their business in Vietnam, the next big hurdle is the process of actually hiring the staff that will be needed and dealing with the associated payroll obligations. Hiring, and the associated legal obligations that go al...

Economy & Trade

Vietnam Seeks to Boost Foreign Direct Investment (FDI)

Vietnam Seeks to Boost Foreign Direct Investment (FDI)

According to Vietnam’s Foreign Investment Agency, FDI approvals for the first 10 months of 2014 are 23.9 percent lower than the same period last year. However, capital disbursements by FDI enterprises have increased 5.9 percent year-on-year (YoY) to a total of US$10.15 billion.

Tax & Accounting

PIT Update: Vietnam Implements 50 Percent Reduction in Personal Income Tax for Individuals Working in Economic Zones

PIT Update: Vietnam Implements 50 Percent Reduction in Personal Income Tax for Individuals Working in Economic Zones

On October 20, 2014, Vietnam implemented a 50 percent reduction in personal income tax (PIT) for individuals who are working in the country’s economic zones. The recent tax change was outlined in the Ministry of Finance’s Circular 128/2014/TT-BTC, replacing Circular 176/2009/TT-BTC.

Legal & Regulatory

A Foreign Investor’s Guide to Understanding Intellectual Property in Vietnam

A Foreign Investor’s Guide to Understanding Intellectual Property in Vietnam

Intellectual property (IP) is a key concern for every business, no matter where they are operating. This is no less true in Vietnam – while the country has signed onto numerous IP conventions, there are still many reasons for foreign companies operating there to keep a close eye out for IP violations. Therefore, it is crucial that foreign investors have a clear understanding of how IP operates in Vietnam and what possible recourses are available should they find themselves dealing with a violation of their property.

Industries

Vietnam Sees Strong Growth in Auto Sales

Vietnam Sees Strong Growth in Auto Sales

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that August was the 17th consecutive month of auto sales growth within the country. The month saw a 59 percent year on year increase, with total sales of 12,562 units. Total sales for 2014 are now forecast to be 130,000 units, representing an 18 percent growth year on year.

Human Resources & Payroll

PIT Update: Vietnam Implements 50 Percent Reduction in Personal Income Tax for Individuals Working in Economic Zones

PIT Update: Vietnam Implements 50 Percent Reduction in Personal Income Tax for Individuals Working in Economic Zones

On October 20, 2014, Vietnam implemented a 50 percent reduction in personal income tax (PIT) for individuals who are working in the country’s economic zones. The recent tax change was outlined in the Ministry of Finance’s Circular 128/2014/TT-BTC, replacing Circular 176/2009/TT-BTC.

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