Vietnam is experiencing continued and unprecedented growth relative to other low-cost countries. Foreign investors are increasingly choosing Vietnam as a China plus one destination to combat rising costs in China and other unpredictable scenarios, such as trade shocks. This strategy has acquired new value amid the US-China trade war and most recently, the COVID-19 outbreak, which have both impacted manufacturers in […]
Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity loss (PAL) rules can limit an owner’s ability to currently deduct tax losses thrown off by passive activities. Here’s an overview of how the PAL rules apply to members (owners) of limited liability companies (LLCs). Focus on LLCs […]
Surrounded by major economic hubs, ports, national highways, and an international border, Bac Giang province in northeastern Vietnam is situated at the crossroads of major trade routes. It is located adjacent to the key economic triangle Hanoi – Hai Phong – Quang Ninh, 110 km from the Huu Nghi Border Gate with China, 100 km […]
If an employee accuses your company of discrimination and takes you to court, the ensuing battle could take years and cost thousands of dollars. When it’s all over, neither side may have much to show for it.That’s why it might be a good idea to ask employees to agree in advance to binding arbitration if […]
Vietnam has one of the oldest cultures in Southeast Asia. While national identity can be complex given Vietnam’s history, locals are proud of their language and its complexities, as well as the distinctiveness of their society and culture. The expression dat viet (Vietnamese land), for example, encapsulates the notion that Vietnamese society have an organic relationship to […]
There are many types of fraud committed against businesses — from workers’ compensation scams to complex corporate swindles — but one of the most common types is simply employee theft. This can occur when employees take money from a cash register, forge names or change amounts on company checks, engage in creative bookkeeping a number of […]
Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened reaching almost US$9 billion in trade in 2020. In March 2018, Canadian Prime Minister Justin Trudeau signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), representing a step towards greater engagement […]
Building on Vietnam’s favorable conditions for doing business, namely its strategic location, stable political system, ample workforce, and a relatively open environment for FDI, Vietnam has cemented its position as a safe and stable destination for investment. Its GDP growth in 2020 increased by 2.91 percent despite COVID-19. The key to such an impressive performance […]
Preparing for a surge in demand for your business’s products and services doesn’t mean you have to go out on a financial limb. But some contingency planning may be in order. The Federal Reserve Bank of Richmond is a helpful source for data and analysis on where the national economy is heading. It provides a peek […]
There comes a time when many businesses need to raise money to take advantage of growth opportunities. Perhaps your small profitable company or promising start-up wants to attract investors. Do you have to register with the SEC? It depends. You may be able to qualify for one of several exemptions from federal registration requirements under the Securities […]
In Vietnam, an official company seal or chop is used for legally authorizing documentation. A seal gives legal validity to any documents or papers issued by companies, organizations, or agencies. Any paper or document showing an official act of a company that contains only a signature of its general director is still considered insufficient. Indeed, […]
When you are involved in a lawsuit, there comes a time where you have to submit evidence to the court that supports your position in the case. This happens whether you are the plaintiff or defendant. You may have documents and your own testimony to help prove your case or defense. But there also may be […]