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New Issue of Vietnam Briefing: A Guide to Understanding Vietnam’s VAT
In this issue of Vietnam Briefing, we attempt to clarify the entire VAT process by taking you through an introduction as to what VAT is, who and what is liable, and how to pay it properly. We first take you through the basics of VAT in Vietnam before taking you deeper into the topic.
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Vietnam Continues Reform of its Economic Policy with a Focus on Eco-Friendly FDI
Vietnam has announced that it will now focus on attracting eco-friendly foreign direct investment (FDI) projects that are high-tech and consume a low level of natural resources and energy.
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Opportunities and Challenges Lie Ahead for Vietnam’s Rice Exports
Vietnam's struggling rice export industry, while facing many challenges, also has the opportunity to boost exporters through greater efficiency and increased quality,
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Sky-High Competition: Vietnam’s Budget Airlines
Budget airlines in Vietnam are seeing strong growth and are taking a large bite out of the market share of the more established traditional airlines. The airline industry as a whole has seen a remarkable increase in the amount of passengers carried and revenues earned. The country’s Ministry of Transport has announced that all of Vietnam’s domestic airlines made a profit in 2013.
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Vietnam Issues Revised Law to Improve Local Investment Climate
Vietnam’s Ministry of Planning and Investment has recently announced that it has completed a draft of the country’s amended Investment Law. The goal of the amendment is to continue the process of improving the country’s investment climate. The amended law is expected to be approved by the National Assembly at the end of 2014.
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Vietnam and the TPP Traverse Rough Seas Towards Promised Land
The Trans-Pacific Partnership is a U.S. led global trade pact that seeks to create a free trade area among the signatory countries. The TPP’s progress has been fraught with complications and controversy, but it is edging ever closer to completion. Vietnam believes that it has much to benefit from a completed agreement but roadblocks still lie ahead.
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A Guide to Vietnam’s Holiday Schedule
Vietnam has a variety of holidays throughout the year. What follows below is a list of the public holidays for the country. It should be noted that where the public holidays as prescribed below coincide with a weekly day-off, the employee shall be entitled to take the succeeding compensatory day-off instead.
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Vietnamese Consumers Hungry for their First Taste of McDonald’s
Hundreds of Vietnamese people lined up outside the first McDonald’s restaurant in Ho Chi Minh City last weekend, waiting to get their first taste of the global fast-food chain’s iconic burgers. The restaurant on Điện Biên Phủ street officially opened its doors at 10 a.m. (ICT) on Saturday 8 February, making it the 10,000th Asian location for the fast-food giant.
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Vietnam Keeps the Pot Brewing on Global Coffee Prices
In London, prices for Robusta coffee have surged to their highest level in five months due to a lack of selling from Vietnam primarily due to the Tet (Lunar New Year) holiday. Vietnamese farmers and exporters halted their selling in part because of an expectation that they would be able to take advantage of much higher prices after the end of the holiday. Growers sold only 33 percent of their beans before the start of the holiday, compared to the usual 43 percent.
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Vietnam’s Property Market Expected to Recover
Industry experts predict that Vietnam’s property market will soon bottom out and then gradually improve, on the back of increased liquidity in the low to medium-end housing sector.