In 2014, Vietnam’s textile and garment sector saw a 16 percent rise in the level of its exports, reaching US$24.5 billion. The country has set an export goal for 2015 of between US$28-28.5 billion. While exporting garments is big business in Vietnam, investors should not ignore the growing opportunities to import products into the country and to take advantage of the growing consumer market there. In order to conduct import, export, and distribution activities in Vietnam, the best investment strategy tends to be to set up a trading company.
What do Vietnam’s tax and customs procedures mean for you? Vietnam Briefing report the latest developments and expected changes in 2015-16 to streamline your business activities in Vietnam.
Vietnam Briefing updates you on recent regulations on investments in Public-Private Partnerships, agriculture, and construction cost management.
The number of ultra high net worth individuals (UHNWI) in Vietnam is predicted to double to 300 by 2024, according to the Knight Frank Wealth Report 2015. In this article, we spotlight Vietnam’s luxury goods sector, looking at cars, wine, gold, jewelry, and fashion.
For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) to one’s situation involves decoding a set of intersecting criteria and rules. Here, we consider tax-exempt incomes, employment benefits that are not subject to PIT, and tax reductions for dependents.