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Vietnam as a Manufacturing Base for Sales to China
By Hoang Thu Huyen and My Nguyen, Dezan Shira & Associates Jan. 31 – One of the great enigma’s concerning managers across Asia today is Vietnam’s trade relationship with China, its massive northern neighbor with which it shares an 840-mile border. This is a timely question to examine, not least because Vietnam is one of […]
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Vietnam Reduces Corporate Income Tax to 23 Percent
Jan. 29 – The Vietnamese Ministry of Finance finished drafting its Corporate Income Tax Law last week in a plan to cut current rates from 25 percent down to 23 percent. Corporate income tax (CIT) rates have been adjusted several times over the past nine years: the 2003 CIT law of 2004 decreased rates from […]
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New Regulations Open Up Vietnam to Foreign Investors
Jan. 28 – The Vietnamese Ministry of Finance issued Circular No. 213/2012/TT-BTC last week in a move to increase the participation of foreign investors in Vietnam’s securities market. The Circular also includes provisions on disclosure requirements for foreign investors. It will take effect on February 15 and will replace Decision No. 121/2008/QD-BTC. Under the Circular, […]
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Vietnam-EU Free Trade Agreement Negotiations Continue
Jan. 23 – On January 16, the Multilateral Trade Assistance Project (MUTRAP) and the Danang Branch of the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar to discuss the contents of the Vietnam-European Union (EU) Free Trade Agreement (FTA). The seminar’s purpose was to assist Vietnamese enterprises in gaining a clearer understanding of […]
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PetroVietnam Sign MoU With Italian Energy Company
Jan. 23 – In a clear sign of expanding Vietnam-Italy ties, Italian energy company Eni has signed a memorandum of understanding (MoU) with Vietnam’s state petroleum agency PetroVietnam in a bid to further develop business ties in Vietnam. The MoU was signed between Eni’s Chief Executive Paolo Scaroni and PetroVietnam’s President and Chief Executive Do […]
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Vietnam vs. China Part II: Corporate Income Tax
This is the second article in a series dedicated to comparing the costs and ease of doing business in Vietnam and China from the standpoint of a foreign investor. By Rosario Di Maggio Jan. 22 – Many foreign investors operating in China today are looking at Vietnam as a sort of additional “province” or alternative […]
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New Resolution to Postpone Payment of VAT and CIT
Jan. 18 – The Vietnamese government issued Resolution No. 02/NQ-CP on January 7, 2013, introducing a series of measures aimed at removing difficulties for business production, increasing market support, and resolving bad debt. The tax measures introduced in this Resolution will assist those enterprises and individuals facing economic difficulties by postponing the payment of value-added […]
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Vietnam and Singapore Sign Second Protocol to Amend DTA
Jan. 16 – On September 12, 2012, Singaporean Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Vietnamese Minister of Finance Vuong Dinh Hue signed a second Protocol to amend the existing double taxation agreement (DTA) between the two countries. The DTA entered into force on January 11, 2013 in Singapore, and will be […]
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Vietnam-India Sign MoU to Strengthen Micro, Small & Medium-sized Enterprises
Jan. 15 – Vietnamese Vice Minister of Planning and Investment Dao Quang Thu and Indian Ambassador Ranjit Rae signed a Memorandum of Understanding (MoU) on Tuesday, January 15. The MoU is aimed at building a capacity for the development of an institutional framework for micro, small and medium-sized enterprises (MSMEs) in Vietnam. The MoU was […]
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New Issue of Asia Briefing: Are You Ready for ASEAN 2015?
In our first ever issue of Asia Briefing magazine, we focus on the new dawn that ASEAN free trade brings to the entire region, as well as the dramatic added impact of pan-Asian free trade agreements such as the Regional Comprehensive Economic Partnership.