TOP STORIES THIS WEEK:

Notable Impacts from Vietnam’s 2025 CIT Law on Manufacturers in Industrial Parks

Vietnam’s amended Law on Corporate Income Tax (CIT), approved on June 14, 2025, represents a significant shift in the country’s tax regime. The underlying structure of how CIT incentives are granted has shifted, especially for manufacturers in industrial parks.

Vietnam’s 2% VAT Reduction Extended till End of 2026

Vietnam’s National Assembly recently approved the extension of the two percent reduction on value-added tax (VAT) until December 31, 2026. Goods and services subject to the 10 percent VAT rate will continue to enjoy the eight percent rate until the end of next year.

What Businesses Need to Know about Da Nang Free Trade Zone

Da Nang has received approval to develop a free trade zone, which is part of Vietnam's ambitious plan to establish multiple free trade zones nationwide. This initiative signifies a significant shift in Vietnam's economic strategy and trade development.

Vietnam Updates Nationality Law to Attract Talents

Seeking to diversify its talent pool with high-skilled workers from abroad, Vietnam has amended its Nationality Law to offer more flexible conditions for foreign investors, scientists, and experts who wish to obtain Vietnamese citizenship.

Examining Investment Opportunities in Vietnam – BRICS Strategic Partnership

In June 2025, Vietnam was formally granted partner-country status within BRICS, reflecting Hanoi’s strategic push to deepen global integration through diversified diplomatic and economic partnerships, reinforcing its commitment to multilateral cooperation.

COMPLIMENTARY BUSINESS RESOURCES:

Investing Across Borders: Opportunities in the Johor–Singapore SEZ

This publication sets out the rationale behind the Johor-Singapore SEZ, the sectors it is likely to support, and the broader context in which it is being developed. For foreign investors, it provides a starting point for understanding how the SEZ may evolve as a node within Southeast Asia’s wider investment landscape.

This issue of China Briefing magazine explores cross-border restructuring as a practical, forward-looking approach to mitigate risks without abandoning China’s manufacturing strengths and market potential.

UPCOMING EVENTS FOR ASIA:

Hong Kong's New Company Re-domiciliation Regime: Implications for International Businesses

Webinar | Friday, June 27, 2025 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET

MTA Vietnam 2025 Exhibition

Summit | 02–05 July 2025 at SECC, Ho Chi Minh City, Vietnam

Navigating Global Supply Chains: Legal, Finance, SME & ESG Perspectives

In-Person Event in Shanghai, China | Thursday, July 10, 2025 | 1:00 to 5:00 PM China