For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) to one’s situation involves decoding a number of rules. Here, we consider tax-exempt incomes, employment benefits not subject to PIT, and tax reductions for dependents.
In this issue of Vietnam Briefing magazine, we look at Vietnam’s import and export landscape and the procedures required for importing and exporting in the country.
Vietnam Briefing offers a basic understanding of Vietnam’s business etiquette and culture, which can pave the way for better communication and successful agreements.
Vietnam’s Competition Law comes into effect, focussing on competition restraining agreements, regulatory authorities, economic concentration, and unfair competitive practices.
The European Union-Vietnam Free Trade Agreement (EVFTA) was signed on June 30 paving the way for increased trade and the removal of tariffs on most products between both partners.
Vietnam Briefing compares Quang Ninh and Guangdong, their advantages and factors if planning a supply chain shift.
For investors, leasing land in Vietnam can play an integral role in market entry. Vietnam Briefing discusses the current laws and processes to acquire land.
The ASEAN-Hong Kong, China Free Trade Agreement which came into effect on June 11 for Vietnam and other ASEAN members is predicted to increase the flow of goods in the region, particularly for Vietnam and Hong Kong.
Vietnam’s visas and work procedures while simple can be cumbersome for first time visitors. Vietnam Briefing explains the process for those planning long term visits.
Foreign investors doing business in Vietnam should be aware of the Foreign Contractor Tax and the three options to calculate FCT based on the investment and size of the project.