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Vietnam Lowers Requirements for Preferential Customs Treatment
Vietnam has released a new circular which will lower the requirements for preferential customs treatment for businesses engaged in the export and import of goods.
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Vietnam Turns to Nature for Power
Jul. 8 – The first phase of the Cong Hai wind power project, which houses a total of three turbines with a capacity of 1 MW each, will begin this year in the Cong Hai Commune of Vietnam’s Thuan Bac district. The project is expected to generate about 14 million kWh of electricity annually. The […]
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Vietnam’s Bilateral Investment Treaties
Op-Ed Commentary: Chris Devonshire-Ellis Jul. 5 – Vietnam has been entering into bilateral investment treaties (BITs) with other countries since the early 1990s and continues to use such treaties today. Although many of these earlier treaties have now been superseded by more complicated and sophisticated trade agreements such as double taxation agreements (DTAs) and other […]
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Vietnam Issues Changes to Import Price Database
Jul. 4 – The Vietnamese General Department of Customs recently issued “Official Letter No. 3286/TCHQ-TXNK (hereinafter referred to as ‘Letter’)” on June 14, 2013, to announce changes to the country’s import price database on various goods. Specifically, the Letter adds 24 new categories to the list of items that are subject to import duties. The Letter […]
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Vietnam to Broaden Relations with Thailand
Jul. 3 – During talks held in Bangkok last week, Vietnam and Thailand agreed to elevate their bilateral relations to create a strategic partnership. The meetings, which were led by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Thai Prime Minister Yingluck Shinawatra, discussed and emphasized that the strategic partnership would focus […]
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Intellectual Property Rights in Vietnam
Jul. 2 – Vietnam has a comparatively strong intellectual property (IP) framework which includes several multilateral agreements and other relevant bilateral trade agreements. This article will provide an introduction to the legislative framework for intellectual property rights (IPR) in Vietnam, including an overview of the procedures for registering IP. Legislation In order to catch up […]
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Vietnam Lowers CIT Rates
Jun. 27 – Vietnamese lawmakers amended Vietnam’s corporate income tax (CIT) rate last week by reducing it to 22 percent across all industries starting January 1, 2014. It will then further be reduced to 20 percent on January 1, 2016. Previously it was proposed that the CIT rate would only be reduced to 23 percent. “A wide […]
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Regional Spotlight: Vietnam’s North and South Central Coast
Jun. 26 – Vietnam’s North and Central Coast regions are ideally positioned, bordering Laos in the west and the South China Sea (the Gulf of Tonkin) in the East. These are key regions that are growing centers for business and commerce. Geography The Central Coast region of Vietnam has sloping terrain coming from the northwest […]
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Upgrading Your Vietnam Representative Office
Opening a successful representative office in Vietnam is a great start, but that’s all it is - a start. With Vietnam’s huge potential and already visible growth, upgrading your RO into a legal entity isn't just a risk. It’s an opportunity.
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Official Dispatch Issued Clarifying the Invoice Process
Official Dispatch No. 18036/BTC-TCT dated December 30th, 2011 issued by The Ministry of Finance guiding some contents in the process of implementing Decree 51/2010/NĐ-CP and Circular 153/2010/TT-BTC.