Featured News

  • 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...
  • Social Security in Vietnam: Understanding Your Obligations

    One of the key obligations that an employer has in Vietnam is the payment of social security. In order to ensure smooth operations while in the country, it is crucial that foreign companies ensure that they fully understand the legal framework which provides for the rights and obligations of employers and emp...
  • Vietnam: A Guide to HR in Asia's Next Growth Market - New Issue of Vietnam Briefing Magazine

    In this issue of Vietnam Briefing Magazine, we attempt to clarify HR and payroll processes in Vietnam. We first take you through the current trends affecting the HR landscape and then we delve into the process of hiring and paying your employees. We next look at what specific obligations an employer has to th...

Economy & Trade

IMF Report Shows Economic Improvement in Vietnam, Recommends Not Lowering CIT

IMF Report Shows Economic Improvement in Vietnam, Recommends Not Lowering CIT

As part of its 2014 Article IV consultation with Vietnam, the International Monetary Fund (IMF) has released a Staff Report containing an analysis of the current economic developments and policies taking place within the country. The report also contains a number of recommendations aimed at helping Vietnam improve its economic growth. In a surprising move, and of key concern to foreign investors, the IMF has recommended that Vietnam not move forward with its plans to lower the corporate income tax (CIT) to 20 percent in 2016 (the current rate is 22 percent). Vietnam has already recently lowered its CIT rate from 25 percent.

Tax & Accounting

Vietnam Amends CIT and VAT Through Decree 91

Vietnam Amends CIT and VAT Through Decree 91

Vietnam has issued amendments to certain provisions related to the country’s corporate income tax (CIT) and value-added tax (VAT). The changes have been laid out in Decree 91/2014/ND-CP and will become effective on October 15, 2014.

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

A Guide to Understanding HR Trends in Vietnam

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 along with it, can be a confusing process. It is therefore strongly recommended that businesses take a careful look at all relevant regulation and engage a professional where appropriate to ensure proper compliance with all laws.

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