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	<title>Vietnam Briefing News &#187; Finance, Tax and Accounting</title>
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		<title>Businesses in Hanoi Asked to Pay VND4 Trillion in Tax Due</title>
		<link>http://www.vietnam-briefing.com/news/businesses-hanoi-asked-pay-vnd4-trillion-tax-due.html/</link>
		<comments>http://www.vietnam-briefing.com/news/businesses-hanoi-asked-pay-vnd4-trillion-tax-due.html/#comments</comments>
		<pubDate>Thu, 29 Dec 2011 07:19:05 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Hanoi]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3765</guid>
		<description><![CDATA[Dec. 29 &#8211; Businesses in Hanoi still owe more than VND4 trillion in taxes this year, and the government has urged them to pay it back. Thai Dung Tien, deputy head of Hanoi Tax Department, said that around 86.5 percent of the taxes (VND3.5 trillion) is collectable. However, 3 percent of the money will prove difficult to collect and the status of the remaining 10.5 percent is unclear. Businesses that have not completed their tax payment this year will likely begin to receive increasing pressure from the local authorities. Not only has the Hanoi Tax Department been working on categorizing &#8230; <a href="http://www.vietnam-briefing.com/news/businesses-hanoi-asked-pay-vnd4-trillion-tax-due.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<title>Vietnam&#8217;s Bank Restructuring a Big Opportunity for Foreign Investors</title>
		<link>http://www.vietnam-briefing.com/news/vietnams-bank-restructuring-big-opportunity-foreign-investors.html/</link>
		<comments>http://www.vietnam-briefing.com/news/vietnams-bank-restructuring-big-opportunity-foreign-investors.html/#comments</comments>
		<pubDate>Wed, 14 Dec 2011 12:34:46 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Eurocham]]></category>
		<category><![CDATA[Vietnam Banking]]></category>
		<category><![CDATA[Vietnam FDI]]></category>
		<category><![CDATA[Vietnam Finance]]></category>
		<category><![CDATA[Vietnam Regulatory]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3745</guid>
		<description><![CDATA[By Lorenzo Martelli Dec. 14 – Increases in the ownership ratios that foreign strategic partners can hold at Vietnamese joint stock banks, encouragement for the merger of weak banks, and not increasing the chartered capital are the main points of the European Chamber of Commerce (EuroCham)’s proposal when talking about bank restructuring. Decree No. 69/2007/ND-CP enacted by the Prime Minister in 2007 decided to allow a strategic foreign investor to purchase from between 15 percent to 20 percent stake in a domestic bank, which, however, must not exceed 30 percent of the chartered capital of that bank. According to EuroCham, &#8230; <a href="http://www.vietnam-briefing.com/news/vietnams-bank-restructuring-big-opportunity-foreign-investors.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<title>Vietnam to Cut Income Tax By 30% for Small Business</title>
		<link>http://www.vietnam-briefing.com/news/vietnam-cut-income-tax-30-small-business.html/</link>
		<comments>http://www.vietnam-briefing.com/news/vietnam-cut-income-tax-30-small-business.html/#comments</comments>
		<pubDate>Wed, 16 Nov 2011 09:53:21 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[Vietnam Legal]]></category>
		<category><![CDATA[Vietnam PIT]]></category>
		<category><![CDATA[Vietnam Tax]]></category>
		<category><![CDATA[Vietnam Tax Incentives]]></category>
		<category><![CDATA[Vietnam VAT]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3730</guid>
		<description><![CDATA[On November 4, 2011 the government enacted Decree 101/2011/ND-CP presenting tax incentives to help enterprises and individuals survive in the current high level of inflation in Vietnam. <a href="http://www.vietnam-briefing.com/news/vietnam-cut-income-tax-30-small-business.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<title>Corporate Income Tax Delayed One Year For Labor-Intensive Enterprises</title>
		<link>http://www.vietnam-briefing.com/news/corporate-income-tax-delayed-year-laborintensive-enterprises.html/</link>
		<comments>http://www.vietnam-briefing.com/news/corporate-income-tax-delayed-year-laborintensive-enterprises.html/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 09:28:25 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[Vietnam FDI]]></category>
		<category><![CDATA[Vietnam Incentives]]></category>
		<category><![CDATA[Vietnam Labor]]></category>
		<category><![CDATA[Vietnam Ministry of Finance]]></category>
		<category><![CDATA[Vietnam Regulatory]]></category>
		<category><![CDATA[Vietnam Regulatory Update]]></category>
		<category><![CDATA[Vietnam Tax]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3716</guid>
		<description><![CDATA[Decision 54/2011/QD-TT inked by the Prime Minister agrees to extend corporate income tax payments in 2011 for labor-intensive companies as well as select co-operatives. <a href="http://www.vietnam-briefing.com/news/corporate-income-tax-delayed-year-laborintensive-enterprises.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<item>
		<title>Vietnam Seeing an Industrial &#8216;Renaissance&#8217;</title>
		<link>http://www.vietnam-briefing.com/news/vietnam-industrial-renaissance.html/</link>
		<comments>http://www.vietnam-briefing.com/news/vietnam-industrial-renaissance.html/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 10:24:30 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Foreign Direct Investment]]></category>
		<category><![CDATA[Vietnam FDI]]></category>
		<category><![CDATA[Vietnam Industry]]></category>
		<category><![CDATA[Vietnam Manufacturing]]></category>
		<category><![CDATA[Vietnam Trade]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3710</guid>
		<description><![CDATA[By Lorenzo Martelli Oct. 19 – Vietnam is gradually moving away from its traditional focus areas of industrial production such as textiles, food processing, rice and coffee to attracting investment in new sectors like electronic and high-tech manufacturing, research and development. Manufacturers are seeking alternatives along with rising labor costs in Thailand and China – Vietnam’s labor costs are 35 percent to 45 percent cheaper than those in China’s second and third-tier cities and 20 percent to 35 percent lower than Thailand’s. Moreover, preliminary findings of the 2010 Vietnam Industry Investor Survey, released a couple of weeks ago, showed that &#8230; <a href="http://www.vietnam-briefing.com/news/vietnam-industrial-renaissance.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		</item>
		<item>
		<title>New Issue of Vietnam Briefing: International Taxation Agreements</title>
		<link>http://www.vietnam-briefing.com/news/issue-vietnam-briefing-international-taxation-agreements.html/</link>
		<comments>http://www.vietnam-briefing.com/news/issue-vietnam-briefing-international-taxation-agreements.html/#comments</comments>
		<pubDate>Mon, 17 Oct 2011 08:30:00 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Vietnam Briefing Magazine]]></category>
		<category><![CDATA[Vietnam Double Taxation Avoidance Agreements]]></category>
		<category><![CDATA[Vietnam FDI]]></category>
		<category><![CDATA[Vietnam Free Trade Agreements]]></category>
		<category><![CDATA[Vietnam Tax]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3701</guid>
		<description><![CDATA[In this issue, we will first look at the broader context of global trade and the growing salience of FTAs between Vietnam and its trade partners. We will examine the effects of current FTAs on Vietnam’s exports, the advantages and disadvantages thus far, as well as the response of Vietnamese enterprises to the policies of the FTAs in effect. Also, an in-depth look at key bilateral and regional trade agreements will reveal some telling trends. <a href="http://www.vietnam-briefing.com/news/issue-vietnam-briefing-international-taxation-agreements.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		</item>
		<item>
		<title>New Regulations in Fuel Trade for Companies</title>
		<link>http://www.vietnam-briefing.com/news/regulations-fuel-trade-companies.html/</link>
		<comments>http://www.vietnam-briefing.com/news/regulations-fuel-trade-companies.html/#comments</comments>
		<pubDate>Thu, 15 Sep 2011 02:52:05 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3684</guid>
		<description><![CDATA[Sept. 15 – According to the information provided by the Ministry of Finance (MoF), domestic merchants providing petrol to manufacturers at open economic and cross-border industrial zones will be subject to temporary import and re-export laws. All fuel-trading activities between traders and producers will be to operate in accordance with General Department of Customs procedures. As for temporarily imported, but not as yet re-exported fuel, it will be allowed on the Vietnamese market after paying the full import tax. When it comes to jet gasoline, traders must submit or show registered customs declarations, stock issued dockets, invoices and copies of &#8230; <a href="http://www.vietnam-briefing.com/news/regulations-fuel-trade-companies.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<item>
		<title>SBV Proposes New Regulations for FDI in Credit Institutions</title>
		<link>http://www.vietnam-briefing.com/news/sbv-proposes-regulations-fdi-credit-institutions.html/</link>
		<comments>http://www.vietnam-briefing.com/news/sbv-proposes-regulations-fdi-credit-institutions.html/#comments</comments>
		<pubDate>Wed, 14 Sep 2011 11:08:17 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3681</guid>
		<description><![CDATA[By Francesca Grassi Sept. 14 – The State Bank of Vietnam (SBV) has recently elaborated a (third) &#8220;Draft Decree&#8221; regulating foreign shares in Vietnamese commercial banks: if the new guidelines receive the placet of the government, Decree 69/07 ND-CP (dated April 20, 2007) on foreign investors&#8217; acquisition of shares in Vietnamese institutions will be superseded and current legislation on credit institutions and on enterprises will inevitably be shattered. In particular, the SBV Draft Decree introduces debatable core &#8220;novelties&#8221; affecting regulations on: Mandatory authorization of the SBV Governor in order to purchase a larger quantity of shares by foreign owners; and &#8230; <a href="http://www.vietnam-briefing.com/news/sbv-proposes-regulations-fdi-credit-institutions.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		</item>
		<item>
		<title>Vietnam Reforms the Law of Foreign Employment in the Country</title>
		<link>http://www.vietnam-briefing.com/news/vietnam-reforms-law-foreign-employment-country.html/</link>
		<comments>http://www.vietnam-briefing.com/news/vietnam-reforms-law-foreign-employment-country.html/#comments</comments>
		<pubDate>Wed, 07 Sep 2011 08:48:14 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3676</guid>
		<description><![CDATA[By Francesca Grassi Sept. 7 – On June 17 of this year, the Vietnamese government issued Decree n.46/2011/ND-CP (effective from August 1, 2011) amending and supplementing Decree n.34/2008/ND-CP dated March 25, 2008 on the employment and administration of foreigners working in Vietnam. The new legislation aims at improving the ineffective implementation of foreign labor regulations with strong regard to the working permit requisite. In fact, the newly called “expats” (foreigners) are entitled to work in Vietnam if they meet all profile requirements listed in Article 3 paragraphs 1, 2, 3 and 4. Namely, the individual is a minimum 18 years &#8230; <a href="http://www.vietnam-briefing.com/news/vietnam-reforms-law-foreign-employment-country.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		</item>
		<item>
		<title>Vietnam&#8217;s New Tax Changes for Aug. 2011</title>
		<link>http://www.vietnam-briefing.com/news/vietnams-tax-aug-2011.html/</link>
		<comments>http://www.vietnam-briefing.com/news/vietnams-tax-aug-2011.html/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 03:58:21 +0000</pubDate>
		<dc:creator>Vietnam Briefing</dc:creator>
				<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>

		<guid isPermaLink="false">http://www.vietnam-briefing.com/news/?p=3671</guid>
		<description><![CDATA[Several important tax updates that have come into effect in Vietnam from August 2011 <a href="http://www.vietnam-briefing.com/news/vietnams-tax-aug-2011.html/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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