Port infrastructure varies region to region in Vietnam. Here, Vietnam Briefing compares port infrastructure in three key economic regions so that investors can make an informed choice about where to place their business. Vietnam’s 1,900 miles of coastline and 320 ports increasingly serve an important role in global trade. In the first half of the […]
In June, Vietnam’s National Assembly approved a new Law on Tax Administration 38/2019/QH14. Under the new law, tax authorities have been granted additional enforcement powers. At the same time, the new law has made it a little bit easier for both individuals and entities to file taxes. The new law will take effect from July 2020. […]
Foreign employers that want to attract and retain the best talent need to ensure they understand payroll in Vietnam and coordinate salary structures with HR management. Here, Vietnam Briefing explains the payroll basics and some best practices for employers in the country. In recent years, foreign direct investment (FDI) flows into Vietnam have been on the rise […]
The Vietnamese government has streamlined the merger and acquisition (M&A) process to encourage investment in new sectors of the economy. And for foreign investors that see establishing a business in Vietnam as too cumbersome, the M&A route provides a unique solution to many obstacles. With an M&A, investors can enjoy preexisting access to consumers, locations, and distribution channels. […]
The US Department of Commerce (USDOC) announced duties of more than 400 percent on steel imports from Vietnam, surprising many observers, and prompting concerns among foreign investors about the potential for more tariffs in the future. Vietnam, thought to be the main beneficiary of the US – China trade war, has recently attracted increased scrutiny from the US. […]
For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) involves decoding a number of rules. Following this, foreign workers need to calculate their precise liability and any applicable deductions. Consulting with an in-country tax specialist can help individuals’ optimize their tax exposure, while employers’ may be able to identify more competitive salary packages with an advisor. Below […]
The latest issue of Vietnam Briefing Magazine, titled “Import and Export in Vietnam”, is out now and currently available to subscribers as a complimentary download in the Asia Briefing Publication Store. In this issue: High Growth Import and Export Industries What You Need to Import or Export for Business Import and Export Duties Explained Vietnam has […]
The European Union Vietnam Free Trade Agreement (EVFTA) was signed on June 30 in Hanoi paving the way for its conclusion and increased trade with the EU and Vietnam. The EVFTA is an ambitious pact providing almost 99 percent of the elimination of customs duties between the EU and Vietnam. 65 percent of duties on EU exports […]
Vietnam’s Law on Competition came into effect on July 1, 2019, replacing the 2004 version of the law. In June 2018, Vietnam passed the new regulation, which focuses on competition restraining agreements, market dominance, economic concentration, and unfair practices. Scope of the law The new law has expanded its scope and now includes both Vietnamese and foreign […]
The ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) came into effect on June 11 for Vietnam, Laos, Myanmar, Singapore, and Thailand. The remaining ASEAN member states will complete the ratification process later this year. The deal was first signed and agreed in November 2017 to increase economic cooperation, reduce taxes, and increase investment between regional […]
Vietnam’s land use rights can be complicated for first time business investors. In Vietnam, land is collectively owned by people and administered by the government on their behalf. Therefore, under such a system, property owners cannot have full and legal ownership of land. Their rights are limited to land use rights permitted within the law. […]
Vietnam has specific regulations on maternity leave that are unique to the country. Overall, Vietnam’s maternity laws are employee friendly and are set in place to ensure that employees are protected during and after child-bearing. A solid understanding of the law is needed for foreign-invested enterprises to plan effectively within the country. In May 2013, […]