Other Briefings
Vietnam’s MoF Proposes Personal Income Tax Reductions
The Ministry of Finance consulted the National Assembly in July for personal income tax exemption for employees without dependents and an income from VND5 million per month or less, with one dependent and an income no more than VND6.6 million per month, with two dependents and an income of no more than VND8.2 million per month.
Vietnam’s MoIT Shortens Procedures for Certificate of Origin
On March 21, 2011, the Vietnamese Ministry of Industry and Trade issued a circular regulating the issuance of the certificate of origin (C/O) for goods being exported.
Common HR Issues Facing FIEs in Vietnam
Even though they are usually better off than local Vietnamese companies, it seems that many foreign invested enterprises (FIEs) established in the country encounter hardships to follow the general evolution…
New Decree Detailing Telecom Law of Vietnam
Decree No.25/2011/ND-CP of the government which was issued on April 6, 2011 stipulates details and specifies new guidelines for the execution of several articles of Telecom Law relating to ratio of ownership, foreign investment, commercial right fees and authorized capital.
New CIT Payment Deferral Incentives for SMEs
A decision concerning small and medium-sized enterprises’ corporate income tax became effective on April 6, 2011. This decision from the Vietnamese prime minister allows SMEs to defer their CIT settlements of one year.
Vietnam’s MoF Targets FIEs in New Tax Inspection Plan
Apr. 13 – Vietnam’s Ministry of Finance has set up an important tax inspection plan for the year 2011. The objective of the plan is to ensure that enterprises do not commit any tax law violations in Vietnam and might allow to collect tax arrears and to uncover transfer pricing cases. These inspections will focus […]
Higher Fuel Prices Proposed to Combat Smuggling
Mar. 24 – Oil companies and authorities in the southern provinces have recommended that fuel prices be raised in Vietnam to combat smuggling into neighboring Cambodia, where fuel is much more expensive. The Ministry of Industry and Trade said A92 gasoline in Vietnam is VND19,300 per liter, while the price in Cambodia hovers around VND24,000.
New Changes in Vietnam May Affect Foreign Investors
New rules outline ratio of charter capital in SOEs Mar. 23 – In newly-signed decision 14/2011/QDTTg, Vietnam’s government will limit its holdings of 50 percent of the charter capital of power production companies that are bigger than 500 megawatts. The state will continue to hold 100 percent of the charter capital in businesses involved in […]
Vietnam to Cut Import Duties to 15 Percent
Vietnam’s Finance Ministry plans to cut import duties to 15 percent in April. Currently, the tariff on refined sugar is 40 percent, while raw sugar is taxed at 25 percent.
Vietnam’s MOF to Update Finance and Real Estate Regulatory Frameworks
Feb. 28 – Vietnam’s finance and real estate regulatory frameworks are set to undergo changes in the coming months, according to the Ministry of Finance. New amendments to securities regulations to come into effect in July will allow companies and investors to negotiate investments in terms of cash or assets, contingent upon the mutual approval of contracts and price agreements […]
