Bac Ninh province has emerged as a leader in foreign direct investment (FDI) attraction in Vietnam, securing over US$4.2 billion in investments from January to September 2024.
Bac Ninh has become a hive of manufacturing in recent years and is still drawing huge investments from foreign firms. In this light, the Vietnam Briefing takes a look at what key decision-makers have planned for the future of the province.
The Vietnam government is considering a policy to facilitate the development of large eco-industrial parks and update preferential policies to encourage green investments. We discuss the proposed policy recommendations, pilot projects, and key goals.
The Vietnam government issued Decree 72/2024 on June 30 to extend the 2% VAT reduction on specific goods and services till the end of 2024.
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Sign Up NowNearly 121,900 new enterprises were established in the first nine months of this year in Vietnam, with total registered capital at around 1.158 quadrillion VND.
Bac Ninh province has emerged as a leader in foreign direct investment (FDI) attraction in Vietnam, securing over US$4.2 billion in investments from January to September 2024.
We discuss Vietnam's top import and export industries, including electronics, pharmaceuticals, coffee, automotive, and textiles.
In its September report, the IMF revised its GDP growth forecast for Vietnam in 2024 up to 6.1%, with GDP reaching US$468.5 billion.
The footwear market in Vietnam is on a steady growth trajectory, driven by an expanding customer base, growing middle-class population, and evolving preferences. We discuss the key market trends and Vietnam consumer outlook to 2030.
Vietnam’s foreign contractor tax is a withholding tax that may affect your business if you’re working with a Vietnamese company or sub-contractor. Here’s how.
In 2024, Vietnam’s General Department of Customs (GDC) released multiple official letters guiding customs procedures during special events, including tax-free imported goods repurposing, system failures, and maintaining tax incentives after project ownership changes.
In this Vietnam Briefing report, available as a free download from the Asia Briefing Publication Store, we examine Vietnam's import-export regulatory regime, latest legal and tax updates, and the VAT refund process.
As the year draws to a close, firms will likely need to perform a stock take. With this in mind, the Vietnam Briefing runs through what firms need to do to ensure their stocktake is as simple, quick, and effective as possible.
The new project owners will be considered the users of duty-exempt goods in Vietnam and are responsible for registering a list of these goods with customs authorities.
Vietnam's visa costs change regularly. Here is an updated list of Vietnam visa costs and types of visas issued for 2024.
The Ministry of Planning and Investment (MPI) is inviting public comments on a draft decision from the Prime Minister regarding the establishment of a new Vietnam Standard Industrial Classification System (VSIC). A key feature of this system is the inclusion of a National Green Economy framework, aimed at promoting sustainable practices in Vietnam's industrial sectors.
Vietnam aims to upgrade its port system by 2030, targeting an annual cargo capacity of 1.25 to 1.5 billion tons per Decision No. 442/QD-TTg.
On September 24, 2024, the Vietnamese government issued the first draft of a new Law on Personal Data Protection (PDPL) for public feedback. The draft law has more stringent provisions than the Personal Data Protection Decree and is potentially set to take effect from January 1, 2026.
In this Vietnam Briefing report, available as a free download from the Asia Briefing Publication Store, we examine Vietnam's import-export regulatory regime, latest legal and tax updates, and the VAT refund process.
The construction sector in Vietnam has shown significant growth during the first nine months of 2024, registering a 7.48 percent increase compared to the same period in 2023.
We discuss Vietnam's top import and export industries, including electronics, pharmaceuticals, coffee, automotive, and textiles.
Vietnam's logistics sector is becoming a major economic driver, supported by GDP growth, manufacturing expansion, e-commerce, government initiatives, favorable trade agreements, and strategic infrastructure, offering significant investment opportunities.
The 2024-25 Vietnam Manufacturing Tracker offers the latest data, insights, and policy updates to keep foreign investors and analysts informed about the industry.
We look at the booming tourism industry in Kiên Giang Province, Vietnam, as it targets 23.7 million visitors by 2030 with its pristine islands, luxury resorts, and diverse cultural attractions.
Vietnam has extended its e-visa program until 2021. We take a look at which nationalities are eligible and explain the application process.
The Vietnam government is positively considering a 9-day Tet break for 2025 from January 25 to February 2. Proposals for extended breaks during other national holidays are also under review. Foreign investors and vendors planning business meetings should be mindful of the country’s public holiday schedules when arranging visits.
Earned Wage Access (EWA) services is a relatively new fintech concept in Vietnam, aligning with policies aimed at promoting financial inclusion. Although this service segment is still in its early development stage, it has the potential to provide financial services and products to a significant underbanked population that often relies on dubious loan providers.
We explore key shifts and attitudes among the Vietnam workforce in 2024 per recent reports as they cope with technology-led workplace transformation, pursue meaning work in areas of green-impact and sustainability, and increasingly seek work-life balance.
Vietnam is prone to several typhoons every year. Vietnam Briefing discusses the key risks and how businesses can prepare for the typhoon season.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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