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Opportunities in Vietnam’s New Industries
By Tran Que Chi Mar. 9 – Vietnam’s food processing, software and environmental technology sectors have been labeled as new industries with great potential. Hanoi, Ho Chi Minh City and the Central Highlands in particular have been identified as future centers for the food processing industry, with Da Nang, Hanoi and HCMC expected to become […]
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Vietnam-U.S. to Promote Trans-Pacific Partnership Agreement
Mar. 5 – The United States Ambassador to Vietnam Demetrios Marantis, who is also Deputy U.S. Trade Representative, has affirmed that Vietnam can benefit greatly from the Trans-Pacific-Partnership (TPP), which is expected to be signed at the end of this year. In February, Marantis discussed the TPP with journalists in Hanoi. He said that last […]
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Vietnam Sees Strong FDI Growth
By Tran Que Chi Feb. 28 – According to Vietnam’s General Statistics Office, foreign direct investment projects have disbursed an estimate US$1 billion in the first two months of 2012. As of February 20, 2012, there were 65 FDI projects with new investment licenses accounting for a total registered capital of US$910.9 million.
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Update Regarding Land Use Mortgage Rights
By Mattia Capsoni Feb. 24 – The Vietnamese Government issued Decree 05/2012/ND-CP to change and set up new rules concerning mortgages of land use rights and assets lying on land. More specifically, this kind of contract was to be approved by the commune-level People’s Committee; but according to the Decree, from April 2012 this power […]
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Vietnam’s New Tax Schedule for 2012
Vietnam's Ministry of Finance issued Circular No.157/2011/TT-BTC on November 14, 2011, stipulating the tax rates of export and import tariff preferences under the list of taxable items. The Decree takes effect from January 1, 2012.
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Taxable Income from Interest on Deposits in 2012
By Vo Thi Bich Hong Feb. 17 – From March 1, 2012, income from interest on deposits and loans – including interest on deposits at credit institutions, interest on loans in any form as prescribed by Law, credit guarantee fee, and other charges – will be subject to corporate income tax. This is specified in […]
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MPI Releases Report on Socio-Economic Situation
Feb. 14 – A report released by the Ministry of Planning and Investment on the January socio-economic situation in Vietnam shows that the index of industrial production IIP last month decreased by 12.9 percent over the previous month, and by 2.4 percent over the same period last year. Real estate firms have been, and will, […]
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Vietnam to Extend CIT Payments for SMEs by 3 Months
By Tran Que Chi Feb. 13 – On January 19, 2012 the Prime Minister enacted Decision No. 04/2012/QĐ-TTg – granting a three-month extension for the payment of corporate income tax which small and medium enterprises, and enterprise using many laborers, must pay for the first and second quarters of 2011. According to Decision No. 04, […]
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Vietnam’s Nghe An Province Looking for Investors
Feb. 9 – For the fourth time, Vietnam’s Nghe An Province recently organized a conference to show and present its potential as a location for new investment projects. Ho Duc Phoc, chairman of the Nghe An Provincial People’s Committee, explained that in the last few years the province has increased its efforts to attract new […]
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New Issue of Vietnam Briefing: 100% FOEs, JVs and the Promotion of Supporting Industries
As 2012 will be a year of significant change in limitations on foreign ownership regulations for 100 percent FOEs and JVs, this issue offers a clear snapshot of up-to-date regulations and specific changes to expect in 2012, as well as a useful summary of tax incentives and exemptions. Also, a roadmap and timeline for licensing procedures take the guesswork out of this initial step in establishing a business in Vietnam.