Vietnam Briefing News

Vietnam’s Online Business Registration to be Completed This Year

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Apr. 30 – Vietnam’s online national business registration platform, which will allow enterprises to register online and be able to verify the legitimacy of potential business partners and companies, will be fully completed by the end of this year. This new system is designed to reduce the risk of doing business in Vietnam. Le Quang […]

Annual Reporting for Representative Offices in Vietnam

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Feb. 5 – One of the simplest and most common ways for foreign businesses to develop a presence in a potential market is to open representative offices (ROs). As the legally permissible business lines for ROs differ from foreign-owned entities (FOEs), namely that ROs are not allowed to directly conduct profit-generated business activities, the annual […]

Vietnam Reduces Corporate Income Tax to 23 Percent

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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 […]

PetroVietnam Sign MoU With Italian Energy Company

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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 […]

Vietnam-India Sign MoU to Strengthen Micro, Small & Medium-sized Enterprises

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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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