With a GDP of around US $663 million as of Q3 of 2015, the state of Pennsylvania is ranked as the United States’ sixth largest state economy, as such its trade with Vietnam is an area of intense interest.
Vietnam’s Ministry of Finance has announced that certain automobiles, depending on their engine displacement values, will receive a special consumption tax (SCT) rebate beginning July 1, 2016. However, other cars will see a higher tax compared to their current levels.
This edition of Vietnam Regulatory Brief examines new allowances for the import of used machinery, a push for slot machines at airports, and new disclosure requirements for publicly traded companies.
The Government of Vietnam implemented a five year plan, to be completed in 2020, which will boost investment and build major fishing centers in five provinces. Overall, the seafood industry is still a vital exchange earner for Vietnam.
Vietnam’s employee-friendly business environment is reflected in the degree of protection employees have from termination. In this article, we will explain when an employee may be terminated, which procedures need to be followed, and discuss severance payment.