Vietnam Briefing News

Business License Tax in Vietnam

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Oct. 2 – Business license tax (BLT) is an indirect tax imposed on entities that conduct business activities in Vietnam and are paid by the enterprises themselves on an annual basis. All companies, organizations or individuals (including branches, shops and factories) and foreign investors that operate businesses in Vietnam are subject to BLT charges, and […]

Valued-added Tax in Vietnam: Filing, Payment and Refund

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Oct. 1 – Pursuant to the prevailing regulation on Vietnamese tax management, the taxpayer must submit monthly valued-added tax (VAT) returns and settle tax payments on or before the 20th day of the following month in localities where they conduct production or business. Furthermore, in specific situations, business establishments that pay VAT according to the […]

Vietnam Seeks Foreign Investment, Restructures Economy

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Sept. 30 – At a meeting in New York this week, Vietnamese Prime Minister Nguyen Tan Dung stated that the country will ensure that additional foreign ownership be allowed in Vietnam’s state-owned banks and that state-owned enterprises (SOEs) are also now going to be subject to much more market competition. Prime Minister Dung, who spoke […]

Vietnam Exports Rise Thanks to Foreign Firms

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Sept. 26 – Over the first eight months of this year, Vietnam’s exports rose by 15.1 percent year on year to US$85.2 billion, with foreign-invested companies accounting for over 60 percent of the monetary figure. On the other hand, domestic firms have experienced either stagnant or declining export levels.

Vietnam Opens First Ever UCITS Equity Fund

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Sept. 25 – This week, Ho Chi Minh City-based firm Dragon Capital launched the first Undertakings for Collective Investment in Transferable Securities (UCITS) equity fund ever to exist in Vietnam to give foreign investors further access to Vietnam’s fast growing market. UCITS refers to the directive that was originally undertaken by the European Union to […]

Vietnam Holds 4th PPP Workshop to Attract Investors

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Sept. 24 – On September 19th, the Vietnamese Ministry of Transport and the World Bank held a workshop in order to attract foreign investors to the Dau Giay–Phan Thiet highway project. This is Vietnam’s first ever public private partnership (PPP) project. The 100 km, four-lane highway will be in the Southeastern region of the country […]

Vietnam to Set Up State-Owned Credit Rating Agency

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Sept. 19 – The Vietnamese Ministry of Finance (MOF) is expected to launch a new state-run credit rating agency (CRA) next year in a move to create a government-run institution to reliably rate the country’s stocks and companies. The purpose of the CRA will be to judge how likely it is that a company is […]

Vietnam Clarifies Foreign Worker Guidelines

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The Vietnamese Government has issued Decree 102/2013/ND-CP (Decree 102) regarding the country’s labor laws in order to provide a set of clearer guidelines for foreigners currently working in Vietnam.

Calculating Value-added Tax in Vietnam

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HANOI – On June 3, 2008, the National Assembly passed the Law on Value-added Tax (VAT), which became effective from January 1, 2009. The VAT Law imposes tax on the value added to goods and services arising in the process of production, distribution and consumption in Vietnam, including goods and services purchased from abroad. All […]

Japan Bolsters Vietnam’s Investment Environment

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Sept. 16 – Japan will extend an Official Development Assistance (ODA) loan to Vietnam this year worth US$500 million, according to Japan’s Foreign Minister Fumio Kishida. The announcement was made this week during the fifth meeting of the Vietnam-Japan Cooperation Committee, a forum for bilateral cooperation chaired by the foreign ministers of both countries. The US$500 […]

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