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Vietnam Amends Corporate Income Tax
Last month, Vietnam released Circular 96/2015/TT-BTC, the new Circular lays out the updated regulations relating to the country’s corporate income tax (CIT). The revised rules will become effective on August 6th and will be applied to the 2015 tax year of assessment and the subsequent years following.
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Circular Brings Vietnamese Accounting Closer to IFRS
Circular No. 200/2014/TT-BTC provides guidelines on accounting policies for both local and foreign enterprises in Vietnam for the fiscal year beginning January 1, 2015.
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Vietnam Tops Global Greenfield FDI Project Rankings
Vietnam has come first in a ranking of countries for greenfield foreign direct investment in a study carried out by Financial Times data division fDi Intelligence.
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Vietnam Regulatory Brief: U.S.-Vietnam DTA, VAT, and Online Payment of Import-Export Tax
In this Vietnam Regulatory Brief, we look at some of the important regulatory changes taking place in Vietnam during the month of July, including a U.S.-Vietnam double tax agreement, a VAT update, and online payment of import-export duties.
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State by State: Vietnam and Arizona Trade
Trade relations between Arizona and Vietnam are growing steadily. Imports to Arizona from Vietnam reached US$105 million in 2014, having risen 21.6 percent in value from 2013, ranking the country as the 19th most important origin for imports in 2014.
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Vietnam Lifts Foreign Ownership Cap on Public Companies
New doors are being opened to foreign investors with the lifting of the foreign equity cap on public companies on September 1, when Decree No. 60/2015/ND-CP comes into effect.
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State by State: Vietnam and Virginia Trade
Trade relations between Vietnam and Virginia are growing in importance. Virginia imported US$552 million from Vietnam in 2014, up 17 percent from 2013 and ranking the country in 13th place as an origin of the state's imports.
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Starting a Business Under the New Law on Enterprises: Company Seals and Bank Accounts
The Law on Enterprises 2014, which came into effect on July 1, 2015, has altered the processes associated with one of the most intriguing features of doing business in Vietnam - the company seal, affixed by using a "chop".
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Sign of a Deepening Relationship: Vietnam’s Communist Party Leader Visits the United States
In a historic meeting this week, the President of the United States met with Nguyen Phu Trong, the General Secretary of the Communist Party of Vietnam. This type of high-level meeting has not occurred since the two countries normalized relations 20 years ago. Both countries are eager to deepen their relationship, particularly as China continues to expand its power in the Asian region. A key part of this deepening relationship is the Trans-Pacific Partnership (TPP) trade deal, which involves twelve countries including Vietnam.
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Impact of the New Law on Enterprises on Vietnam’s Corporate Governance
The Law on Enterprises 2014, which came into effect on July 1, 2015, sets out obligatory governance structures for different types of companies.