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• January 2, 2014 by Vietnam Briefing Reading Time: 3 minutes
  

  Vietnam’s Burgeoning Middle Class set to Double

  HANOI – A recent survey conducted by the Boston Consulting Group (BCG) has found that the middle and affluent class (MAC) in Vietnam will greatly increase in size between now and 2020, from 2 million to 33 million. In order to project the growth of consumers and their spending, BCG’s Center for Consumer and Customer[…..]
• December 13, 2013 by Vietnam Briefing Reading Time: 4 minutes
  

  Vietnamese Visa Procedures Fall Short in ASEAN

  By Marcelo Giovannetti Despite recently receiving aid package approval from the Asian Development Bank (ADB) for its tourism industry, Vietnam will have to improve its visa procedures if it wishes to compete against other ASEAN countries in attracting tourists, urges a recent Vietnam Business Forum report. Dec. 13 – Last week at the annual meeting[…..]
• November 28, 2013 by Vietnam Briefing Reading Time: 3 minutes
  

  Vietnam Set to Increase Minimum Wages from December 31, 2013

  The government last week passed a new decree that will increase minimum wages throughout Vietnam as of December 31, 2013, which will be effective for enterprises, co-operatives, household businesses, foreign companies and international organizations operating in the country.
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  October 29, 2013 by Vietnam Briefing Reading Time: 4 minutes
  

  Personal Income Tax in Vietnam: Tax Exemption, Reduction & Payment

  HANOI – As major businesses continue to prioritize investment into Vietnam as a strategy to diversify sourcing options and supplier portfolios outside of China, it is increasingly important to understand not only how businesses are taxed in Vietnam, but also individuals. Continuing our coverage of personal income tax (PIT), this article will examine exemptions, reductions[…..]
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  October 17, 2013 by Vietnam Briefing Reading Time: 5 minutes
  

  ASEAN’s Rising Minimum Wage Levels: Vietnam

  By Alex Tangkilisan HANOI – Several ASEAN countries have raised their minimum wage standards recently to adjust their respective salary levels to the rising costs of living and to provide their citizens with higher purchasing power. However, many businesses and investors have complained that the somewhat drastic wage hikes have hurt the market in terms[…..]
• August 13, 2013 by Vietnam Briefing Reading Time: 3 minutes
  

  Vietnam Looks to Relax Foreign Property Ownership Laws

  HANOI – Vietnam’s Ministry of Construction has recently proposed to relax its real estate laws in order to allow a greater amount of foreigners and foreign organizations to buy property in the country as part of an effort to reduce real estate inventory. Specifically, the Ministry proposed that organizations such as foreign investment funds, banks,[…..]
• June 6, 2013 by Vietnam Briefing Reading Time: 3 minutes
  

  Vietnam Issues New Decrees to Guide Labor Code

  The Vietnamese government recently issued five new decrees which are to help guide its Labor Code.
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  August 30, 2012 by Vietnam Briefing Reading Time: 2 minutes
  

  New Issue of Vietnam Briefing: Human Resources for Foreigners

  In this issue of Vietnam Briefing, we take a look at foreign workers in Vietnam: how to hire, the legal obligations a company bears (including withholding and paying personal income tax and social insurance), and finally a common dilemma – the housing situation.