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Foreign Competition Shakes Up Vietnam’s E-Commerce Market
Singapore-headquartered e-commerce company, Lazada, is stepping up its online game in Vietnam and creating waves throughout the e-commerce industry. Local players are scrambling to remain competitive as more and more foreign companies look to Vietnam as a strong growth market.
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Foreign Investors Help Grow Vietnam’s Wood Industry
Foreign investors should take note of Vietnam’s wood industry - since 2006 exports have expanded from US$1.92 billion to US$5.7 billion in 2013. Contributing to this growth were the country’s stable economy, appropriate credit growth, curbed inflation and large consumer and labor markets.
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China and Hong Kong Increase Investment in Vietnam
Vietnam’s Department of Foreign Investment has reported that, in the first five months of this year, the country saw a steep rise in foreign direct investment capital from Hong Kong and China.
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Vietnam’s Real Estate Market Shows Signs of Recovery
After a three year down-turn, Vietnam’s real estate market may finally be showing signs of recovery following recent stock market gains, three consecutive interest rate cuts and renewed government interest in helping the market recover.
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Vietnam’s Pharmaceutical Market Set for Healthy Growth
The next six years look to be very interesting for the pharmaceutical industry in Vietnam. Recent economic forecasts have predicted a US$5 billion increase in value over the next six years, reaching a net worth of US$8 billion by 2020 - a compound annual growth rate of 15.4 percent
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Luxury Car Sales Speed Up in Vietnam
As the country’s economy continues to strengthen and its consumer class continues to grow, luxury car brands are increasingly looking to Vietnam as a potential market for their products.
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New Zealand-Vietnam DTA Goes Into Effect
On May 7th, New Zealand's double tax agreement (DTA) with Vietnam went into effect. The DTA agreement was originally signed on August 5, 2013.
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Vietnam Finance and Investment Regulatory Update
An update on the latest regulations and legislation affecting finance and investment in Vietnam.
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Ho Chi Minh City Ramps Up Infrastructure Spending
Ho Chi Minh City has announced that it will require VND17 trillion (US$799 million) for transportation infrastructure development in 2014.
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Airfares for Overseas Employees Working in Vietnam Not Subject to Personal Income Tax
On May 15, Vietnam’s Ministry of Finance released Official Letter 6375/BTC-TCT which clarified that airfares and related expenses provided to overseas employees for travel between their foreign location and Vietnam are not subject to Personal Income tax.