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Ho Chi Minh City Sees Economy Improve
Vietnam’s economic center, Ho Chi Minh City (HCMC), is currently seeing a strong period of economic growth. A variety of business sectors are seeing robust growth numbers compared to the previous time last year.
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Vietnam Government Pushes Banks to Lower Lending Rates
As inflation begins to ease throughout the country, Vietnam’s banks are seeking a way to reduce their high levels of excess capital. As such, a number of banks are reducing their lending rates in a bid to lower businesses’ borrowing costs and increase the flow of money throughout the country’s economic system.
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Revised Laws Could Help Foreigners Build Vietnam’s Real Estate Sector
Foreign real estate investors are optimistic about the future of Vietnam’s investment environment, provided that the draft on the revised Law on Real Estate Business and the draft on the revised Law on Residential Housing are approved by the National Assembly later this year.
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Hanoi Makes a Strong Play for EU Business
During a meeting with members of the European business community, the Chairman of the Hanoi municipal People’s Committee, Nguyen The Thao, stated that “Hanoi is committed to creating an open and transparent investment environment for foreign businesses, especially from the European business community.”
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Vietnam’s State Social Insurance Fund
The administration of social insurance can be a complicated and confusing process for employers with operations in multiple countries. In this article, we explore social insurance in Vietnam in order to help clarify the key components of compliance in this country.
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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.
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Vietnam’s Agricultural Sector Sees Strong Growth Thanks to FDI
Known as the “Asian rice bowl”, Vietnam exports around six to seven million tons of rice a year. The country is situated in a very favourable location for agricultural production. In particular, the country benefits from its good weather, fertile soil, and large workforce.
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Vietnam’s High-Tech Boom
Thanks to cheap labor costs, preferential tax and investment policies, and its geographically strategic location, Vietnam is fast becoming the go-to destination for multinational technology companies’ manufacturing and assembly needs.
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Vietnam Regulatory Update
Vietnam regulatory updates for the areas of Tax, VAT, and Import/Export Issues.
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Vietnam Issues Circular 219 on VAT
The Vietnamese government has recently released Circular 219. The Circular contains guidance on the implementation of the new VAT Decree 209. Circular 219 is effective retroactively to January 1, 2014 and is a replacement for Circular 06/2012.