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Circular Released Regulating Preferential Import/Export Tariff Under the Taxable Goods List
Circular 157/2011/TT-BTC dated November 14th, 2011 issued by The Ministry of Finance regulating preferential import, export tariff under the taxable goods list. The export tariff under the taxable goods list is specified in Appendix I. Some export duty rates have been lowered, such as scrap and metal pieces, and processed white limestone.
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Circular Issued on Preferential ASEAN Import Tariff
Circular No.161/2011/TT-BTC dated November 17, 2011 issued by The Ministry of Finance guiding preferential import tariff of Vietnam to implement the ASEAN Goods Trade Agreement in the period 2012-2014.
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Vietnam Boosts Infrastructure Projects
Jun. 21 – This week, the Ho Chi Minh City (HCMC) Infrastructure Investment Joint-Stock Company (CII) announced that it will issue VND1 trillion worth of bonds to be used as funds for infrastructure projects in the city – specifically for the upcoming Saigon 2 Bridge project. The Saigon 2 Bridge project is estimated to cost […]
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Special Vehicles for Foreign Investment in Vietnam
Jun. 21 – To fuel development, the Vietnam government has created forms of vehicles for investment other than the standard 100 percent foreign-owned enterprise and joint venture. These special investment vehicles give foreign operators and private capital the opportunity to access specific projects for shorter periods of time or in formerly publicly managed businesses in […]
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Vietnam Issues New Labor Outsourcing Regulations
The Vietnamese government recently issued Decree 55 which seeks to further clarify Article 54.3 of Vietnam’s 2012 Labor Code regarding the conditions for licensing labor outsourcing activities.
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Vietnam Issues New VAT Regulations
The Ministry of Finance has issued Circular 65 which will amend certain articles of Circular 06 relating to value-added tax (VAT). It will seek to provide greater insight and guidance to various areas related to VAT that were once unclear, including updating key VAT rates.
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Vietnam Issues New Decrees to Guide Labor Code
The Vietnamese government recently issued five new decrees which are to help guide its Labor Code.
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Vietnam Bolsters Relationship with Singapore
Jun. 5 – During a keynote speech at the 12th Shangri-La Dialogue held in Singapore last week, Vietnamese Prime Minister Nguyen Tan Dung renewed his support for Singaporean foreign investors, vowing to make significant market reforms that would facilitate greater foreign investment. Top officials from Asia-Pacific states, ASEAN member nations, and representatives from China and […]
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Development Zones in Vietnam
Development zones started in Vietnam about 20 years ago when the United States lifted its trade embargo on the country. Manufacturing zones include industrial zones (IZs), economic zones (EZs), export processing zones (EPZs) and high-tech zones (HTZs). Firms investing in these zones enjoy preferential governmental policies and advantages like modern infrastructure and greater access to utility services.
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Establishing a Representative Office in Vietnam
The representative office (RO) is a popular foreign investment vehicle which investors utilize when wanting to enter the Vietnamese market. This article will provide an overview of how to establish a RO in Vietnam, including the licensing procedures, post-licensing procedures and the additional information investors need to be aware of.