Building on Vietnam’s favorable conditions for doing business, namely its strategic location, stable political system, ample workforce with competitive labor costs, 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% despite COVID-19. The key to […]
With a rapidly expanding market fueled by a fast-growing middle-class, Vietnam has been an attractive destination for major automobile manufacturers from Japan, Korea, the US, and the EU for several years. The EU-Vietnam free trade agreement (EVFTA), which came into effect on August 1, 2020, has made the market even more promising for European manufacturers since high […]
The year 2020 marks the 42nd anniversary of India-Vietnam bilateral trade. Vietnam and India have shared strong bilateral relations historically, and for the past two decades, trade between the two countries has risen considerably. These economic ties have materialized into several Indian investments in Vietnam in various sectors. The enormous volatility in the global trade […]
Vietnam’s golden era for solar development In June 2020, Sharp Energy Solutions Corporation (SESJ) completed a mega solar power plant in Ninh Thuan province, which is expected to generate 76,373 megawatt hour (MWh) per year. The plant is the newest addition to SESJ’s five other existing solar power plants in Vietnam. Sharp is only one of the […]
Vietnam has reiterated its commitment to high economic growth following the conclusion of the National Party Congress in Hanoi where it chose its leaders for the next five years. Vietnam’s ruling Communist Party approved plans to raise growth to 6.5 to 7 percent for the 2021-2025 period as it aggressively pushes for reforms and high-tech […]
Are you in the market for a new vehicle? If you jump on the electric vehicle bandwagon, you might be eligible for a sizable federal income tax credit. However, not every electric vehicle qualifies for the credit. And the tax break is being phased out, or is already phased out, for certain models. Here’s what you […]
There are two basic ways to sell an incorporated business — sell the assets or sell the stock. For two good tax reasons, sellers usually prefer stock sales: 1. Assuming you’ve owned the shares for more than a year, your profits will generally be taxed at a maximum federal rate of 20%. This applies equally to C and S […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
After someone dies, you may get a citation or a notice from an attorney or other party informing you of the death. The communication may include other information such as who is named the executor, personal representative or administrator. Attached to the communication are copies of Probate or Surrogate’s Court forms that are routinely sent […]
If you’re nearing retirement, you’ve likely paid into the Social Security system your entire career. It’s only fitting that you finally cash in on the Social Security benefits that are rightfully yours. But when should you start receiving benefits — at the first available date, at the latest date or somewhere between those dates? The answer […]
Latest Updates As of March 4, 2021, Vietnam’s Ministry of Health confirmed a total of 2,482 cases of COVID-19. However, 1,898 of the affected patients have recovered and been discharged from hospitals. Vietnam has also recorded 35 deaths due to the pandemic. The latest community transmission cases have been reported from Hai Duong. March 3 […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
