Vietnam has unveiled its National Action Plan for Circular Economy (NAPCE) until 2035, approved under Decision No. 222/QĐ-TTg on January 23, 2025. The plan aims to shift the country toward sustainable production and consumption models, optimizing natural resource use, reducing waste, and enhancing environmental protection.
The 2024 tax finalization, which ends on March 31, 2025, and the transfer pricing compliance declaration pose significant challenges for businesses engaged in related party transactions to comply with current and newly updated rules. This article addresses the most common questions we encounter when supporting our clients navigating Vietnam’s transfer pricing regulations.
Vietnam's medical devices market is projected to reach US$1.77 billion by 2025. In this article, we discuss key opportunities and challenges for businesses operating in this dynamic sector.
Vietnam's 2025 job market post-Tet is set for dynamic shifts, with increased hiring and job mobility across sectors. We present key market insights from HCMC, Hanoi, and prominent industrial hubs.
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Sign Up NowVietnam has unveiled its National Action Plan for Circular Economy (NAPCE) until 2035, approved under Decision No. 222/QĐ-TTg on January 23, 2025. The plan aims to shift the country toward sustainable production and consumption models, optimizing natural resource use, reducing waste, and enhancing environmental protection.
The magazine delivers crucial insights for companies looking to establish or grow their foothold in the rapidly changing market of Vietnam. It offers a thorough overview of Vietnam’s retail landscape, highlights key trends, and provides guidance on setting up a retail business.
As Canada navigates a new economic landscape following Prime Minister Justin Trudeau's resignation, the focus shifts to how the upcoming leadership will address evolving trade dynamics. With a potential pivot towards markets like Vietnam, the implications for Canadian exporters and broader trade relations are gaining traction.
Vietnam and Indonesia have upgraded their bilateral relations to a Comprehensive Strategic Partnership, marking the 70th anniversary of diplomatic relations with a tightened collaboration for the future. Beyond enhancing the two-way cooperation, the agreement is expected to contribute to the development and prosperity of ASEAN.
Vietnam’s government restructuring is among the most significant changes in the country this year, with profound implications for businesses and investors. This article details the latest developments in its provincial restructuring, emphasizing the consequences for businesses and investors while suggesting the best strategies for adapting to these changes.
The 2024 tax finalization, which ends on March 31, 2025, and the transfer pricing compliance declaration pose significant challenges for businesses engaged in related party transactions to comply with current and newly updated rules. This article addresses the most common questions we encounter when supporting our clients navigating Vietnam’s transfer pricing regulations.
Stay compliant with Vietnam’s latest regulations on related party transactions. Explore key provisions of Decree 20 and its impact on transfer pricing, disclosure requirements, and tax compliance.
We examine Vietnam's new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country's VAT regulations, along with recent clarifications by the Ministry of Finance.
We discuss the Vietnam draft decree outlining the implementation of Resolution 107 and the Global Minimum Tax (GMT) under GloBE rules, introducing tax administration requirements and CIT measures to combat tax avoidance by MNCs.
Effective February 6, 2025, Circular 86/2024/TT-BTC will replace Circular 105/2020/TT-BTC, which previously governed tax registration procedures in Vietnam.
As Vietnam continues to attract international businesses, companies are looking for ways to effectively enter and navigate the market or exit it when necessary. Strategic restructuring can help businesses adapt to the ever-evolving market conditions and position themselves for success in Vietnam's competitive economic environment.
Vietnam is amending Decree No. 15/2018/ND-CP, which regulates food operations under the Law on Food Safety. The Vietnam Food Safety Authority proposes stricter administrative controls to enhance food safety oversight.
We discuss common dispute resolution methods in Vietnam, existing legal frameworks, and challenges faced by foreign stakeholders. In particular, we highlight the advantages of arbitration in resolving business conflicts.
Vietnam’s regulatory framework for corporate restructuring is comprehensive, balancing the need for corporate flexibility with the protection of stakeholders. We discuss key legal stipulations and compliance obligations.
Vietnam’s amended Law on Pharmacy, set to take effect on July 1, 2025, introduces key reforms to modernize the pharmaceutical sector. The new provisions expand e-commerce sales, streamline drug registration, enhance market access for foreign-invested enterprises (FIEs), and improve price transparency.
The magazine delivers crucial insights for companies looking to establish or grow their foothold in the rapidly changing market of Vietnam. It offers a thorough overview of Vietnam’s retail landscape, highlights key trends, and provides guidance on setting up a retail business.
Vietnam has extended its 100 percent registration fee exemption for battery-powered electric vehicles (EVs) through 2027. The decision is set to further incentivise the green transitions among consumers and businesses.
Vietnam is set to become a key M&A hub in 2025, driven by booming healthcare and education sectors and fueled by growing demand, government policies, and foreign investment. Opportunities in digital health, private hospitals, K-12 education, and EdTech will dominate investor interest.
With a projected market value of US$31.28 billion by 2027, Vietnam’s semiconductor industry is steadily increasing its prominence in the global supply chain. This article explores Vietnam’s advancements in semiconductors, the investment climate, industry challenges, and long-term growth potential.
The Vietnam coffee industry holds opportunities for foreign firms in sourcing, manufacturing, and market retail. Here's where they are.
Vietnam is a popular destination for Indian tourists, recording a significant rise in visitor numbers recently. This article provides a concise guide on Vietnam travel options and visa requirements to ensure an enjoyable trip for Indian citizens.
The Vietnamese government regulates probationary contracts to protect workers' rights, with a clear legal framework in place for the initial employment phase. This article examines the types of probationary contracts in Vietnam and their corresponding social insurance obligations.
Vietnam's 2025 job market post-Tet is set for dynamic shifts, with increased hiring and job mobility across sectors. We present key market insights from HCMC, Hanoi, and prominent industrial hubs.
Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.
With Tet approaching, businesses in Vietnam are urged to adopt strategies to navigate severe traffic congestion in major cities like Hanoi and Ho Chi Minh City as authorities work to alleviate gridlocks.
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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