Other BriefingsVietnam Labor Market Report for H1 2024
The Vietnam labor market showed positive trends in H1 2024, with increased employment opportunities and salary growth. Additionally, the proportion of Vietnamese workers holding degrees or certificates rose to 28.1 percent in the second quarter of 2024.
Vietnam Tax Codes: An Explainer
Vietnam’s tax codes identify taxpayers and determine tax liability. Here, we outline how to acquire them and explain their importance.
Vietnam's Economic Performance in H1 2024: Key Indicators and Growth Forecast
Vietnam's strong economic performance in the first half of 2024 has led the General Statistics Office (GSO) to project a 6-6.5 percent growth rate for the year, meeting the government's target.
Vietnam’s New Minimum Wage Effective from July 1, 2024
Vietnam's new minimum wage, effective July 1, 2024, will impact various social insurance items calculated based on the statutory pay rate.
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US Commerce Department Delays Decision on Vietnam's Market Economy Status Due to IT Disruptions
Economy & Trade Jul 26 -
How Will the 2024 US Presidential Election Outcome Shape US-Vietnam Relations?
Economy & Trade Jul 26 -
Vietnam Labor Market Report for H1 2024
Human Resources & Payroll Jul 26 -
Tax Audits for Representative Offices in Vietnam
Tax & Accounting Jul 23 -
FDI, Export Targets to Propel Sustainability Adoption in Vietnam’s Garment and Textile Sector
Industries Jul 24
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Economy & Trade
US Commerce Department Delays Decision on Vietnam's Market Economy Status Due to IT Disruptions
Jul 26The US Commerce Department has delayed its decision on upgrading Vietnam to market economy status to August 2 due to IT disruptions caused by CrowdStrike software issues.
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How Will the 2024 US Presidential Election Outcome Shape US-Vietnam Relations?
Economy & Trade Jul 26We discuss how the US election outcome could shape future US-Vietnam relations based on the previous track record of the candidates.
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Prospects for Environmental Technology Investors in Vietnam
Economy & Trade Jul 19Vietnam's commitment to sustainable development and achieving net-zero (carbon emission) goals offers significant opportunities for environmental technology innovation and foreign investment.
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EuroCham Vietnam’s Business Confidence Index for Q2 2024
Economy & Trade Jul 18EuroCham's Q2 2024 BCI report shows European businesses in Vietnam are generally optimistic, yet underscores the necessity for enhanced policy and regulatory reforms to improve the business environment.
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Vietnam's Economic Performance in H1 2024: Key Indicators and Growth Forecast
Economy & Trade Jul 15Vietnam's strong economic performance in the first half of 2024 has led the General Statistics Office (GSO) to project a 6-6.5 percent growth rate for the year, meeting the government's target.
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An Introduction to Doing Business in ASEAN 2024
Published: December 2023
This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries a... -
An Introduction to Doing Business in Vietnam 2024
Published: December 2023An Introduction to Doing Business in Vietnam 2024 provides readers with an overview of the fundament...
Tax & Accounting
Tax Audits for Representative Offices in Vietnam
Jul 23We discuss the key points of tax audits for Representative Offices in Vietnam, considering that these entities rely entirely on their parent companies without the ability to generate profits or enter into contracts independently.
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Vietnam Tax Codes: An Explainer
Tax & Accounting Jul 16Vietnam’s tax codes identify taxpayers and determine tax liability. Here, we outline how to acquire them and explain their importance.
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Vietnam’s Draft CIT Law: Changes to Incentives and Tax Liability
Tax & Accounting Jul 11Vietnam's draft Corporate Income Tax (CIT) Law proposes changes to incentive eligibility, taxation on capital transfers by foreign investors, and aims to address limitations hindering integration with international best tax practices.
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Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of 2024
Tax & Accounting Jul 01The 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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Vietnam Considers Raising Excise Tax for Alcohol, Sweetened Beverages, Tobacco
Tax & Accounting Jun 26We discuss the Ministry of Finance's proposal to hike the Vietnam excise tax rates for alcohol, sugary drinks, and tobacco products and how this policy shift could impact consumer facing businesses.
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An Introduction to Doing Business in ASEAN 2024
Published: December 2023This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries a... -
An Introduction to Doing Business in Vietnam 2024
Published: December 2023An Introduction to Doing Business in Vietnam 2024 provides readers with an overview of the fundament...
Legal & Regulatory
Eco-Industrial Parks in Vietnam: Implementation and Key Goals
Jul 10The 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.
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How to Set Up a Representative Office in Vietnam
Legal & Regulatory Jul 09A Representative Office (RO) is one of the simplest ways companies can set up in Vietnam, albeit with a limited scope of operation. In this article, we discuss the step-by-step process of establishing an RO in Vietnam, and relevant regulatory guidelines.
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Vietnam Notifies Decree 80/2024/ND-CP on Direct Power Purchase Agreements: Key Details
Legal & Regulatory Jul 04Decree 80/2024/ND-CP on Direct Power Purchase Agreements (DPPA) is part of Vietnam’s broader strategy to promote environmental sustainability and enhance the competitiveness of its retail electricity market.
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Vietnam Considers E-Invoicing for Livestream Sales: Advisory for Businesses
Legal & Regulatory Jul 03Vietnam wants to update existing regulation to ensure e-invoicing for livestream sales and strengthen tax scrutiny in the e-commerce sector.
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Vietnam’s 2024 Law on Credit Institutions
Legal & Regulatory Jun 12The 2024 Law on Credit Institutions, in effect from July 1, will improve the security of Vietnam's credit institutions by strengthening risk prevention measures, increasing oversight of credit entities, and deterring cross-ownership and undue influence in the sector.
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Complying with Vietnam’s Personal Data Protection Decree
Published: May 2024This report dives into the respective regulations that encompass Vietnam's personal data protection ... -
An Introduction to Doing Business in ASEAN 2024
Published: December 2023This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries a...
Industries
FDI, Export Targets to Propel Sustainability Adoption in Vietnam’s Garment and Textile Sector
Jul 23The stakes are high for Vietnam's garment and textile sector as key exports markets and competing producer markets intensify their push for green targets, influencing brand appeal to consumers and sourcing decisions by global fashion retailers.
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Apple’s Production Strategy in Vietnam
Industries Jun 25Apple's significant investments in production and the expansion of its local supplier base in Vietnam will influence the country’s economic development, positioning it prominently in the region’s high-tech manufacturing sector. Here is Apple's updated Vietnam supplier list for 2024.
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Foreign Technology Firms in Vietnam: Tax Payments Highlight Growing Commercial Presence
Industries Jun 24We discuss the presence of leading technology ('Big Tech') firms in Vietnam who have become major taxpayers in the country, as they steadily expand commercial operations and tap into the rapidly growing digital economy.
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Vietnam's Agrifood Export Potential: Key Guidelines for Trade Businesses
Industries Jun 11We discuss Vietnam's expanding agrifood export market potential and offer practical advice for trade businesses to thrive globally.
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Vietnam's Packaging Industry: Investment Outlook
Industries Jun 05Vietnam's packaging industry is booming, with a projected 15-20% growth rate and over 14,000 enterprises. Despite challenges, the sector is innovating and focusing on sustainability.
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Vietnam Market Entry Strategy for Foreign F&B Companies
Published: December 2023Vietnam has been rapidly rising as a key Southeast Asian market for a vast range of foreign food and... -
Getting Your Goods to Market in Vietnam
Published: June 2023High inflation and interest rates, along with currency fluctuations are all making it expensive and ...
HR & Payroll
Vietnam Labor Market Report for H1 2024
Jul 26The Vietnam labor market showed positive trends in H1 2024, with increased employment opportunities and salary growth. Additionally, the proportion of Vietnamese workers holding degrees or certificates rose to 28.1 percent in the second quarter of 2024.
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Vietnam’s New Minimum Wage Effective from July 1, 2024
HR & Payroll Jun 28Vietnam's new minimum wage, effective July 1, 2024, will impact various social insurance items calculated based on the statutory pay rate.
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HCMC Announces Labor and Employment Strategy Through 2025: Key Goals
HR & Payroll Jun 18HCMC's labor and employment strategy for 2023-2025, with a vision to 2030, has identified eight areas for human resource development, highlighting key priority skill development roles and anticipated technology disruptors that may attract foreign investors in the education and skills development sector.
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Applying for a Vietnam Work Permit: Guidelines for Foreigners and Employers
HR & Payroll May 13Vietnam has amended certain provisions regarding hiring foreign workers and the issuance of work permits. We provide the details.
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Vietnam Advisory on Swapping of Working Days Around April 30 and May 1, 2024 Holidays
HR & Payroll Apr 16Vietnam's labor authority MOLISA has proposed a swap of workdays for the 2024 Reunification Day and International Workers' Day holiday.
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An Introduction to Doing Business in ASEAN 2024
Published: December 2023This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries a... -
An Introduction to Doing Business in Vietnam 2024
Published: December 2023An Introduction to Doing Business in Vietnam 2024 provides readers with an overview of the fundament...
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