David Cameron has made the first trip to Vietnam of any serving UK Prime Minister, signaling a pivot of the UK towards the booming ASEAN region, in which Vietnam is forecast to sustain real GDP growth of over five percent per annum to 2030.
Ministry of Finance guidelines on personal income tax (PIT) in Circular No. 92/2015/TT-BTC came into effect on 30 July, 2015, applying to the 2015 tax period.
In this Vietnam Regulatory Brief, we look at some of the important regulatory changes taking place in Vietnam during the month of July, including a U.S.-Vietnam double tax agreement, a VAT update, and online payment of import-export duties.
Decision No. 19/2015/QD-TTg is expected to attract more hi-tech investment from foreign companies to Vietnam when it comes into effect on August 1, 2015.
The Ministry of Planning and Investment’s Foreign Investment Agency (FIA), has revealed that 213 education projects have received foreign direct investment, reaching a total of US$822 million registered capital up to May 20, 2015.