Vietnam exports to the US in the first quarter (Q1) of 2024 accounted for 27.7% of the entire export turnover of the Southeast Asian economy.
We note the increased business activity seen in Q1 2024 across key sectors in Vietnam and briefly discuss the opportunities it presents for investors.
We discuss findings from the VBF’s survey of foreign business stakeholders in Vietnam, including progress and concerns over ESG priorities.
We look at the latest data on bilateral trade and investment and discuss the various tax and investment treaties signed by Spain and Vietnam.
The Funan Techo Canal project linking Phnom Penh to the coastal province of Kep has socioeconomic, political, and environmental implications for Vietnam.
Despite being the smallest province in Vietnam, Bắc Ninh province is emerging as an industrial powerhouse in the Red River Delta region.
Vietnam’s State of the Economy: Q1 2024 Report
Vietnam’s National Electricity Development Plan 2021-2030: Roadmap Approved
Vietnam-Canada Bilateral Relations, Trade, and Investment Outlook
Vietnam-New Zealand Investment and Trade Opportunities
Vietnam’s 2024 FDI Landscape Poised to See Robust Growth
'Corporate Tax Planning for Businesses in Vietnam in 2024' explains key incentives available, reporting requirements, and preparation for Vietnam's Global Minimum Tax regulations under the BEPS 2.0 Framework.
Compliance with CIT and PIT finalization regulations is crucial for companies and individuals in Vietnam. We discuss reporting requirements and relevant deadlines.
Foreign e-commerce firms selling goods or services in Vietnam are now required to pay foreign contractor tax. Here's what foreign firms should know about this latest development.
In the first week of the new year there were a handful of changes to taxes in Vietnam that foreign firms may need to be aware of. Here’s what they are.
Vietnam’s Ministry of Planning and Investment has released a draft decree outlining an Investment Support Fund to counter the impacts of the Global Minimum Tax. Here are the details.
In a busy week at Vietnam’s National Assembly, a VAT tax reduction has been approved alongside a top-up tax in response to the OECD Global Minimum Tax initiative. Here’s the details.
Completing an Effective Stock Take in Vietnam
Bookkeeping for Tax Compliance Purposes in Vietnam
An Overview of Vietnam’s Environmental Protection Tax
Vietnam’s Natural Resource Tax 2023
Tax, Accounting, and Audit in Vietnam 2023 – the Latest Guide from Dezan Shira & Associates
Vietnam's amended Environment Protection Law (EPL) in 2022 introduced a new “extended producer responsibility” (EPR) policy which places the burden of responsibility to recycle on companies.
Vietnam has introduced comprehensive regulations via Decree 23 on the bidding processes for project implementation and investor selection. It follows the New Bidding Law that came into force beginning of 2024.
Vietnam's proposed Personal Data Protection Law is another significant move toward enhancing data privacy and regulatory streamlining. The law is at the development stage, with the Ministry of Public Security seeking critical feedback.
A new Vietnam Draft Decree proposes a Regulatory Sandbox in the banking sector focused on three solutions, provided either by credit institutions or fintech companies – credit scoring, open application programming interface (API), and P2P lending.
Decree 32/2024/ND-CP regulating industrial clusters in Vietnam takes effect on May 1, 2024. Key provisions impacting stakeholders are summarized in this article.
A Vietnam draft decree provides further clarity for foreign telecom service providers in the data center, OTT, & cloud computing segments.
Vietnam Issues Decree 10/2024/ND-CP to Attract More High-Tech Investments
Vietnam’s New Real Estate Business Law
Vietnam Housing Law: Draft Decree Guidelines on Foreign Property Ownership
Vietnam’s 2024 Land Law: Significant Amendments and Key Changes
Settling Business Disputes: Commercial Arbitration in Vietnam
In a new strategy, Vietnam has laid out a range of development targets for the hydrogen industry for the period to 2030 and with a vision to 2050, which will support the country's sustainability and decarbonization goals. The Hydrogen Energy Strategy came into effect on February 7, 2024, and will be of interest to international investors and R&D stakeholders in the energy domain.
Homegrown auto major, VinFast, is establishing a factory in southern India to manufacture electric vehicles, targeting the India, South Asian, Middle East, and African markets. It is testament to Vietnam's rapidly advancing electric vehicle ecosystem and capacity for domestic innovation.
Vietnam has opened its long-awaited 5G spectrum auctions in March to all telecom companies for license to operate multiple band blocs.
Effective from March 25, 2024, Decree 10/2024/ND-CP aims to streamline processes and increase support for investors of high-tech parks and high-tech business activities in Vietnam.
Starting January 1, 2025, Vietnam's new Real Estate Business Law aims to widen foreign participation in the sector and enhance transparency and regulatory oversight.
Investors seeking to capitalize on Vietnam’s expanding digital infrastructure are advised to align their products and services with the Master Plan, and likely benefit from government support.
Vietnam Edible Oil Market for Foreign Firms
Vietnam’s Toy Market: An Overview 2024
Vietnam’s Pet Food Market for US Firms
Information Communication Infrastructure Master Plan Approved
Internet of Things in Vietnam: Opportunities and Challenges
Vietnam has amended certain provisions regarding hiring foreign workers and the issuance of work permits. We provide the details.
Vietnam's labor authority MOLISA has proposed a swap of workdays for the 2024 Reunification Day and International Workers' Day holiday.
A criminal record check certificate (Judicial Record Card) is required for foreign employees when they apply for a work permit in Vietnam.
Vietnam has released a draft decree regulating procedures for the registration of foreigners’ electronic identification.
Global Staffing Solutions is a flexible entry strategy for businesses to test the Vietnamese market without needing to physically set up an operation.
Finding and recruiting staff in Vietnam can be difficult. Knowing a few key strategies, however, can help firms find and recruit high-quality candidates to continue to grow their business.
German-Vietnamese Cooperation on the Exchange of Skilled Workers
Vietnam Labor Federation Proposes Cut to Weekly Working Hours
General Office of Statistics Releases 2023 Labor Market Summary
Vietnamese New Year 2024: How to Prepare Your Business
Vietnam Set for 6 Percent Minimum Wage Hike in 2024