Other Briefings
Vietnam To Open Up Banking System
Feb. 28 – In an attempt to obtain additional capital for its already debt-ridden banking system, Vietnam is further opening the door to foreign ownership of its banks. Via a State Bank of Vietnam circular, the government announced that it has issued a draft decree that would allow the Prime Minister to permit foreigners on […]
Vietnam To Revamp Its Economy
Feb. 27 – Vietnam has approved a plan to boost its economy by focusing on restructuring public investments, banks and state-owned enterprises (SOEs). Furthermore, in an attempt to generate sustainable growth by 2020, attention will also be placed on strictly controlling inflation. As he signed a 29-page directive that took effect on February 19, Prime […]
High-Technology Law in Vietnam Sets High Investment Requirements
Feb. 13 – “Science and technology, along with education, have always been priorities in our national policy, but the [law on high technology] is the first legal document that institutionalizes that policy,” remarked Nghiem Vu Khai, Vice Chairman of the National Assembly’s Committee for Science, Technology and the Environment, in July 2009. It was at […]
Vietnam Set to Lower Corporate Income Tax
Vietnam’s Ministry of Finance has announced it will be making changes to the Law on Corporate Income Tax, to be revised by the National Assembly in 2013.
Vietnam Changes the Law Governing Personal Income Tax
On November 22, 2012, the Vietnamese National Assembly promulgated Law No. 26/2012/QH13, amending and supplementing a number of articles within the Law on Personal Income Tax – including increasing personal income tax thresholds.
Da Nang Offers Massive Tax Incentives for Dutch Businesses
Da Nang City is calling for foreign investment in its hi-tech park by promising attractive incentives.
Vietnam Regulations for Foreign Investment in Education (2012)
Decree No. 73/2012/ND-CP regarding education management for foreign cooperation and investment was promulgated last September. Accordingly, the forms of foreign investment allowed in education include 100 percent foreign-capitalized educational institutions and associated educational institutions between domestic investors and foreign investors.
Vietnam Promulgates Fiscal Stimulus Measures
On August 21, 2012, Vietnam’s Ministry of Finance promulgated Circular 140/2012/TT-BTC, clarifying the country’s 2012 fiscal stimulus measures which aim to resolve some of the present tax difficulties facing organizations and individuals.
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.
New Vietnamese Circular on Tax Code Registration
By Bich Lien Aug. 21 – On May 22th, the Ministry of Finance granted Circular No.80/2012/TT-BTC regulating tax code registration under the Law on Tax Administration and replacing Circular No.85/2007/TT-BTC dated July 18, 2007. Under Circular 80, organizations, households and individuals producing, trading, providing goods and services; individuals earning incomes subject to personal income tax; […]
