Vietnam's draft excise tax law introduces new bases for calculating the special consumption tax and will impact new goods and services.
Vietnam's special consumption tax, or excise tax, applies to the production or import of specific luxury and non-essential goods and certain services.
We discuss Vietnam's top import and export industries, including electronics, pharmaceuticals, coffee, automotive, and textiles.
The Vietnam government has agreed to extend the 2 percent VAT reduction on specific goods and services till the end of June 2025.
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Sign Up NowWe explain how Vietnam's North-South high-speed railway project will upgrade its underdeveloped rail system and boost logistics performance.
Vietnam’s top investors in 2024 (January-November) were Singapore with US$9.14 billion, followed by South Korea, China, Hong Kong, and Japan, dominating 77 percent of total investments.
Vietnam and Singapore seek to upgrade bilateral ties to a comprehensive strategic partnership, focusing on sustainable economic cooperation, legislative collaboration, and emerging sectors like green logistics and clean energy.
With its strategic geographic position, rapidly expanding industrial infrastructure, and government initiatives aimed at enhancing the logistics environment, Vietnam offers a wealth of opportunities for both domestic and international investors.
The Red River Delta province of Nam Dinh is set to expand its industrial landscape with the establishment of two new industrial clusters: Thang Cuong and My Thuan.
Vietnam's draft excise tax law introduces new bases for calculating the special consumption tax and will impact new goods and services.
Vietnam’s 2024 Law on Value-added Tax (VAT) will take effect from July 1, 2025 and the 2% reduced VAT regime is extended till end June 2025.
The Vietnam government has agreed to extend the 2 percent VAT reduction on specific goods and services till the end of June 2025.
To avoid triggering Permanent Establishment (PE) status, investors must thoroughly understand Vietnam's regulatory framework for representative offices (ROs) and PEs. This ensures compliance, minimizes tax liability, and mitigates legal risks.
We examine the reasons authorities may temporarily restrict individuals from exiting Vietnam due to tax debts and outline key steps to help avoid these situations.
Key changes to existing regulations on securities, accounting, independent audits, tax management, and personal income tax are expected to have a significant impact on Vietnam's business and investment environment.
On November 30, 2024, the Vietnamese government approved the new Law on Personal Data Protection, to come into effect July 1, 2025.
Vietnam's new Decree No. 147/2024 introduces stringent regulation for internet services, imposing stricter compliance on onshore and offshore providers and reshaping access, content moderation, and user data management.
Vietnam's school education sector presents strong foreign investment potential, fueled by rising demand, supportive policies, and tax incentives. Decrees 124 and 125, effective November 20, 2024, enhance oversight and operational and investment considerations.
Vietnam's Decree 115 creates a strong legal framework for investor selection and bidding in land-use projects. We discuss key provisions.
NVIDIA, a leading American AI computing company, has recently shown strong interest in Vietnam's market alongside other technology giants expanding into Southeast Asia.
The Mega Textile-Việt Nam factory, to be constructed in the Thọ Lộc Industrial Park within the Southeast Nghệ An Economic Zone, will cover 51 hectares. It is set to produce 67,200 tonnes of fabric, 10,300 tonnes of knitted goods, 7,200 tonnes of coloured yarn, 130 million clothing items, 100 million belts, and 2.2 million semi-finished products annually.
As companies seek to diversify their supply chains, Vietnam has become a prominent “China Plus One” destination, offering businesses a strategic manufacturing base in Asia.
Vietnam's school education sector presents strong foreign investment potential, fueled by rising demand, supportive policies, and tax incentives. Decrees 124 and 125, effective November 20, 2024, enhance oversight and operational and investment considerations.
Vietnam is leveraging its agricultural strengths and Halal certification advancements to tap into the booming Middle Eastern Halal market, with opportunities in food exports, tourism, and strategic collaborations driven by rising global demand.
In 2025, workers in Vietnam are set to benefit from extended public holiday periods compared to the 2024 schedule. Businesses must plan in advance.
Female workers are key to Vietnam’s labor force, with their rights protected by laws and strengthened through ongoing reforms, promoting gender equality.
Vietnam’s e-visa program makes it easier and faster for visitors to Vietnam to enter the country. Here’s who is eligible for an e-visa and how to apply.
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.
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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