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Vietnam International Shops and Franchising Exhibition 2012
Sept. 22 – The Vietnam International Shop and Franchise Show, known as VIETSF, is the one and the only shop and franchise-related exhibition held in Vietnam every year. The Fourth Annual Vietnam International Shop and Franchise Show will be held from November 1-3 at the Saigon Exhibition & Convention Center at 799 Nguyen Van Linh, […]
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New Issue of Vietnam Briefing: Human Resources for Foreigners
In this issue of Vietnam Briefing, we take a look at foreign workers in Vietnam: how to hire, the legal obligations a company bears (including withholding and paying personal income tax and social insurance), and finally a common dilemma - the housing situation.
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Asia Briefing Report: An Introduction to Doing Business in Vietnam
Asia Briefing, in cooperation with its parent firm Dezan Shira & Associates, has just released a new 32-page report introducing everything that a foreign investor should be familiar with when establishing and operating a business in Vietnam. This guide, titled “An Introduction to Doing Business in Vietnam,” is immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
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New Vietnamese Circular on Tax Code Registration
By Bich Lien Aug. 21 – On May 22th, the Ministry of Finance granted Circular No.80/2012/TT-BTC regulating tax code registration under the Law on Tax Administration and replacing Circular No.85/2007/TT-BTC dated July 18, 2007. Under Circular 80, organizations, households and individuals producing, trading, providing goods and services; individuals earning incomes subject to personal income tax; […]
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Sri Lanka Business Delegation Visits Vietnam
By Gherardo Liguori Aug. 21 – Sri Lankan and Vietnamese businesses met in the Chamber of Commerce and Industry of Vietnam in Ho Chi Minh City on August 14, 2012. The event demonstrates the interest of Sri Lankan enterprises to enter the Vietnamese market as well as the even greater willingness of Vietnamese businesses to […]
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Nike, Inc. Banks on Vietnam Despite Doubts
By Gherardo Liguori Aug. 7 – Nike, a consistent outsourcer of Vietnamese labor, continues to produce its footwear in Vietnam despite downturns in the country’s economy. Nike, the world’s leading designer, marketer and distributor of athletic apparel, was officially incorporated as Nike, Inc. in 1978. Today, this massive brand hardly needs an introduction as its […]
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Vietnamese Prime Minister Pushes for Uniform Framework for Investment Incentives
By Nhung Le and Huyen My Aug. 3 – On July 20, Deputy Prime Minister Hoang Trung Hai issued a document (Official Dispatch No. 5336/VPCP – KTTH) directing the Ministry of Planning and Investment (MPI) to research and create a national framework for investment incentive categories and investment incentive areas. This followed a July 6 […]
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Outsourcing to Vietnam through the New Labor Code
By Gherardo Liguori Aug. 2 – The new Labor Code was introduced by the Vietnamese National Assembly on 18 June 2012 and it shall take effect on 1 May 2013. The first instance of a Vietnamese Labor Code was in 1994, during the early days of the doi moi (economic reforms) transition. The new June […]
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Vietnam vs. China Part I: Representative Offices
When considering Asia for your business operations, establishing an initial presence in Vietnam can be more economical than doing so in China By Rosario Di Maggio Jul. 30 – Many foreign investors operating in China today are looking at Vietnam as a sort of additional “province” or alternative hub to integrate into their current Chinese […]
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Russia’s Zarubezhneft Discovers Offshore Oil Deposit in Vietnam
Jul. 24 – Russian state oil producer OAO Zarubezhneft has discovered an offshore oil deposit in Vietnam, the company said in a statement last week. The deposit is located in the area where the company jointly produces oil with its Vietnamese partner PetroVietnam.