Other Briefings
Vietnam to Provide Economic Assistance to Foreign Firms Affected by Recent Riots
In response to the recent violence against foreign factories in Vietnam, the government has released a number of pieces of legislation aimed at restoring order and helping companies rebuild. The two main legal documents are Circular 01/CD-BTC and Circular No. 207/TB-VP.
Draft Amendment to Vietnam’s Investment Law Seeks to Improve Business Environment
During a recent meeting organized by Vietnam’s Ministry of Planning and Investment, discussions focused on draft amendments to the country’s Investment Law in order to “improve the investment environment and increase benefits for investors and businesses.”
State Bank of Vietnam Issues New Circular on Foreign Investment
Recently, the State Bank of Vietnam issued Circular No. 05/2014/TT-NHNN, which guides the opening and use of indirect investment capital accounts for the implementation of foreign direct investment in Vietnam.
Vietnam Import/Export Regulatory Update
An update on the latest regulations and legislation affecting import and export activities in Vietnam.
An Introduction to Doing Business in Vietnam 2014 (Second Edition)
An Introduction to Doing Business in Vietnam 2014 (Second Edition) provides readers with an overview of the fundamentals of investing and conducting business in Vietnam. This guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in the country.
Open for Business: Vietnam Clarifies Economic Needs Testing for Foreign Retailers
At a March 28th consultation and dialogue with businesses located in Vietnam, discussions focused on economic needs testing (ENT) criteria for the establishment of retail outlets.
Vietnam Applies “Single Door” Mechanism to Customs Process
Recently, Vietnam’s Ministry of Industry and Trade (MIT) has announced its intention to implement a national “single door” customs mechanism. The MIT believes that the implementation of the new online system will “facilitate smooth information flow, avoiding repeated information, reducing paper-work volume, promoting goods flow, saving time and cost[s] for [the] business community, and improving economic efficiency for society.”
Vietnam Issues New Work Permit Regulations for Foreign Employees
The Vietnamese government has recently released a new Circular on the procedures a foreign worker must adhere to in order to be considered for a work permit. Circular 03/2014 tightens the regulations for foreign workers seeking to come to Vietnam.
Vietnamese Regulations on Certificates of Free Sale
Regulations covering the Certificate of Free Sale (CFS) were devised under Decision No. 10/2010/QD-TTg promulgated on February 2, 2010. The laws went into effect on May 1, 2010 and required businesses to provide CFS that are issued by exporting countries or territories that verify that the product is manufactured and freely sold in the country where it is manufactured.
Proper Procedure for VAT Filing in Vietnam
In this article, we highlight the key components of Vietnam’s VAT system and outline the proper procedure for filing.
