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Economy & Trade

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.

Tax & Accounting

Vietnam Expands the Scope of the Foreign Contractor Tax

Vietnam Expands the Scope of the Foreign Contractor Tax

In a newly released circular, the Vietnam government has expanded the reach of the Foreign Contractor Tax (FCT). The FCT Circular 103/2014/TT-BTC, issued by the Ministry of Finance, replaces the previous FCT Circular 60/2012. Circular 103 will become effective on October 1, 2014.

Legal & Regulatory

Vietnam Moves Closer to Implementing Single Visa Policy with Southeast Asian Countries

Vietnam Moves Closer to Implementing Single Visa Policy with Southeast Asian Countries

At the most recent meeting of the Ayeyawadi – Chao Phraya – Mekong Economic Cooperation Strategy (ACMECS) organization, tourism officials from Vietnam, Laos, Cambodia, Thailand, and Myanmar agreed on the need to urge their respective governments to ease travel restrictions and push forward on the implementation of a single visa policy for all of the countries. The meeting was held at this year’s International Travel Expo in Ho Chi Minh City (HCMC).

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

Foreign Companies Report Labor and Skills Shortage in Vietnam

Foreign Companies Report Labor and Skills Shortage in Vietnam

Despite a still recovering economy, demand for workers in Vietnam is seeing strong growth. However, supply and skills have not kept up with this increasing need.

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