In 2015, Vietnam comes under the investment
spotlight as the country moves towards its goal
of ASEAN Economic Community compliance at
the end of the year. When this occurs, the full
extent of the tariff reductions
negotiated by ASEAN - of
which Vietnam is a member
- will kick in. This will have an
immediate impact, especially
with respect to Vietnam’s
bilateral trade with China, its
giant neighbor. The ASEAN
Free Trade Agreement with
China will be fully enacted in
Vietnam on January 1, 2016,
with the elimination of both
import and export duties on
some 90 percent of all goods
traded between Vietnam and China. ASEAN also
has a similar agreement with India, with whom
Vietnamese bilateral trade can also be expected
to massively increase.
In this issue of Vietnam Briefing we explore how
Vietnam’s Free Trade Agreements - and especially
those via its membership in ASEAN - will affect
foreign investment into Vietnam. We also go a step
further and examine the specific, bilateral Double
Tax Agreements that Vietnam has enacted, and
how these can be further used to minimize profits
and withholding taxes that
would otherwise be levied
upon foreign investors. This
holds true both for investors
establishing a presence in the
country, as well as contract
manufacturers looking to
outsource.
With more than 20 years of
experience in the region,
Dezan Shira & Associates
(along with members of the
Dezan Shira Asian Alliance)
are pleased to assist businesses and investors in
exploring options for establishing or expanding
their business presence in Asia. For additional
business intelligence and regular updates on
regulatory, legal, and tax developments related to
FTAs and DTAs in Vietnam and throughout Asia,
please log on to our region and country-specific
websites.
This Month’s Cover Art
Young Girl with Lotus by Le Huu Ich
Oil Painting on Canvas, 80x80cm
Green Palm Gallery
info@greenpalmgallery.com| +84 91 321 8496
http://v2.greenpalmgallery.comDisclaim
All materials and contents
© 2015 Asia Briefing Ltd.
Reference
Vietnam Briefing and related titles
are produced by Asia Briefing Ltd.,
a wholly owned subsidiary of
Dezan Shira Group.
Content is provided by
Dezan Shira & Associates.
No liability may be accepted for any
of its contents. For queries regarding
the content of this magazine,
please contact:
editor@asiabriefing.comIntroduction
Hoang Thu Huyen Country Manager Dezan Shira & AssociatesKind regards,
Hoang Thu Huyen