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Vietnam Clarifies Housing Rent Tax for Expatriate Employees
Aug. 6 – Authorities clarified regulations regarding input value added tax on housing rent for expatriate employees in an official letter released July 22. Official Letter No. 2696/TCT-CS verifies that expatriate employees holding management positions in Vietnamese companies and working in the country with a valid labor contract shall have their housing rental included in their […]
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Freight Transportation Up by 11.8 Percent
Aug. 5 – As an indication of improving trade in Vietnam, freight transportation from January to July rose by 11.8 percent to 402.5 million tons. According to a report found on the web site of the General Statistics Office of Vietnam, freight transportation by road increased 12.4 percent to 299.6 million tons and cargo transportation […]
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New Issue of Vietnam Briefing: Establishing Representative Offices in Vietnam
Aug. 4 – In this issue of Vietnam Briefing, we look at the process of establishing representative offices in Vietnam. As the second best performing economy in the region this year, many foreign investors are now considering building a presence in Vietnam to take advantage of the robust growth. A representative office is the simplest […]
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Vietnam Approves Cau Treo Border Economic Zone Development in Ha Tinh Province
Aug. 4 – The government has just approved development plans for the Cau Treo Border Gate Economic Zone in central Vietnam’s Ha Tinh Province that will last until 2025. In February, the zone was allowed to exempt goods from import tariffs – specifically materials, equipment and unfinished products imported for production and installation in the […]
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E-Customs Clearance Now Available for Lao Cai Border Gate
Aug. 3 – Electronic customs declaration and clearance is now available for trade passing by the Lao Cai border gate beginning August 1. The province is the eleventh one to adopt the process for trading goods.This will make it easier for companies selling goods to China via the Lao Cai border to easily declare customs […]
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Vietnam to Cut Airport Fees
Aug. 2 – Vietnam wants to encourage more foreign and local airlines to fly to its international airports located in Phu Quoc, Can Tho and Lien Khuong by cutting airport fees by 50 percent. The government wants to increase tourist arrivals to the country and upgrade the airports in the process. Phu Quoc international airport […]
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New Asia Briefing Summer Special Out Now
Jul. 30 – Business reading for the beach….here at Asia Briefing (proud owner of the various Briefing brands), we’ve given in to the heat of summer, put on our swim shorts and are providing our readers with a complimentary summer annual to download especially for August. Our first Asia Briefing summer special has arrived. What’s […]
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Foreign Investment in Ho Chi Minh City Up by 14.8 Percent
Jul. 30 – Foreign investment in Vietnam’s financial capital was up by 14.8 percent to US$1.19 billion during the first seven months of the year. Ho Chi Minh City’s economy seems to have recovered with retail sales of goods and service posting high returns at VND205 trillion, an increase of 32.1 percent from the previous […]
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Nielsen Survey: Vietnam Second Most Optimistic Consumer Market
Jul. 29 – Vietnam was ranked as the second most optimistic country in the world according to a global consumer confidence index conducted by Nielsen. India was the most optimistic followed by Indonesia and Vietnam in a tie for second place. The Global Consumer Confidence Index measures consumer confidence, concerns and spending intentions of 27,000 […]
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Revised Labor Code to Bring Reform
Jul. 28 – Vietnam is due to submit a draft of the revised labor code for approval by the National Assembly next year that is expected to bring major changes. Vietnam’s labor code is due for an overhaul despite amendments made in 2002, 2006 and 2007. The current version has not made changes to reflect […]