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Economy & Trade

Vietnam Redefines Private Sector’s Role: Key Highlights from Resolution 68

05/08/2025

In a symbolic move announced on May 5, 2025, Vietnam’s Politburo introduced Resolution 68-NQ/TW 2025, a new directive acknowledging the central role of the private sector in Vietnam’s economic growth.

Vietnam’s Textile Sector Amid US Tariff Pressures: Risks and Opportunities

05/07/2025

The textile and garment industry is a cornerstone of Vietnam’s export-driven economy, but it now faces significant challenges amidst proposed US tariffs. As the country navigates these geopolitical pressures, the sector is exploring strategies for resilience and long-term sustainability.

How Are US Tariff Threats Affecting the Vietnamese Electronics Industry?

05/02/2025

Vietnam is rapidly emerging as a vital hub for electronics manufacturing as businesses seek cost-effective production sites with strong trade connections. However, US tariff threats could have significant implications for Vietnam’s electronics industry.

Opportunities Amid Tariff Risks: Vietnam-US Trade Negotiations Start

04/28/2025

After the US announced a 90-day pause on the 46 percent tariff rates imposed on Vietnam’s imports, officials from both sides are actively engaging in negotiations to find mutually beneficial solutions, aiming to achieve a more balanced and sustainable trade relationship.

An Introduction to Rules of Origin for Vietnamese Exports

04/21/2025

We discuss rules of origin guidelines for investors looking to take advantage of lower tariff structures and Vietnam's free trade agreements.

Vietnam Revises PDP8: Key Targets of the National Power Development Plan

04/17/2025

The article examines Vietnam's revised National Power Development Plan for the 2021-2030 period, with a vision to 2050 (PDP8), highlighting key targets and strategies for increasing renewable energy capacity and ensuring sufficient electricity supply to support the nation's economic growth through 2030 and beyond.

Tax & Accounting

Vietnam's Tax and Transfer Pricing Compliance: Key Updates in 2025

04/29/2025

This article outlines the key developments that stakeholders should be aware of in order to navigate Vietnam's tax and transfer pricing compliance effectively in 2025.

Invoice Compliance in Vietnam: Key Changes under Decree 70

04/10/2025

Effective June 1, 2025, Decree 70/2025/ND-CP will amend and supplement a broad range of provisions under Decree 123/2020/ND-CP, which prescribes the issuance and maintenance of invoices and records. This article outlines key changes specified under the new decree, as well as compliance advisory for regulated firms.

Profit Repatriation in Vietnam: A Brief Guide in 2025

03/24/2025

Vietnam has established clear regulations regarding profit repatriation for foreign investors, aiming to create a transparent and orderly process for foreign investors. This article explores the necessary procedures for transferring profits derived from direct investments in Vietnam and the required documentation for notification of profit remittance.

Vietnam Introduces Tax Department under Decision 381

03/21/2025

On February 26, 2025, Vietnam officially terminated its General Department of Taxation and introduced a new model. This article examines the functions, responsibilities, and the new organizational structure of Vietnam's tax system.

Q&A: Compliance with Vietnam’s Transfer Pricing Rules

03/04/2025

The 2024 tax finalization, which ends on March 31, 2025, and the transfer pricing compliance declaration pose significant challenges for businesses engaged in related party transactions to comply with current and newly updated rules. This article addresses the most common questions we encounter when supporting our clients navigating Vietnam’s transfer pricing regulations.

Related Party Transactions in Vietnam: Key Provisions Under Decree 20

02/26/2025

Stay compliant with Vietnam’s latest regulations on related party transactions. Explore key provisions of Decree 20 and its impact on transfer pricing, disclosure requirements, and tax compliance.

Legal & Regulatory

Understanding Contract Formality Requirements in Vietnam: Risks and Legal Remedies

04/30/2025

We discuss contract invalidity due to formality violations in Vietnam, key legal risks for investors, and how Article 129 of the Civil Code 2015 offers remedies for partially performed contracts.

Invoice Compliance in Vietnam: Key Changes under Decree 70

04/10/2025

Effective June 1, 2025, Decree 70/2025/ND-CP will amend and supplement a broad range of provisions under Decree 123/2020/ND-CP, which prescribes the issuance and maintenance of invoices and records. This article outlines key changes specified under the new decree, as well as compliance advisory for regulated firms.

Trademark in Vietnam: Tips for Avoiding Refusal and Protecting Your Brand

04/09/2025

This article examines the legal basis for trademark refusals in Vietnam under the country's regulations and provides guidance on how applicants can respond effectively to minimize the risk of rejection.

Unlocking Growth: Vietnam’s Plan to Reduce Bureaucracy and Boost Investment

03/27/2025

Vietnam is implementing key reforms to enhance its business climate, including reducing unnecessary business conditions by 30 percent. This move aligns with Vietnam’s broader commitment to fostering a more efficient and competitive economy.

Profit Repatriation in Vietnam: A Brief Guide in 2025

03/24/2025

Vietnam has established clear regulations regarding profit repatriation for foreign investors, aiming to create a transparent and orderly process for foreign investors. This article explores the necessary procedures for transferring profits derived from direct investments in Vietnam and the required documentation for notification of profit remittance.

Vietnam’s Amended Securities Law: Key Takeaways for Foreign Investors

03/20/2025

Vietnam has made significant amendments to the 2019 Securities Law to address regulatory gaps, strengthen market oversight, and improve investor protection. The amendments aim to create a more transparent and stable investment environment.

Industries

Vietnam-India New Direct Flight Routes: A Boost to Tourism and Business

05/08/2025

Vietnam Airlines has launched new direct flights to Bengaluru and Hyderabad, enhancing tourism and commercial connections between Vietnam and India’s leading tech hubs. As Vietnam rapidly emerges as one of Southeast Asia’s most dynamic tourism and business destinations, these recent expansions in air connectivity with India represent a significant milestone in the Vietnam-India relationship.

Vietnam’s Textile Sector Amid US Tariff Pressures: Risks and Opportunities

05/07/2025

The textile and garment industry is a cornerstone of Vietnam’s export-driven economy, but it now faces significant challenges amidst proposed US tariffs. As the country navigates these geopolitical pressures, the sector is exploring strategies for resilience and long-term sustainability.

Vietnam’s Aviation Market Set for Takeoff: Growth Drivers, Key Players, and Future Outlook to 2030

05/05/2025

Vietnam’s aviation sector is entering a new phase of expansion, fueled by surging international demand, infrastructure developments, and digital transformation across airlines. Positioned as Southeast Asia’s fastest-growing market, Vietnam is strengthening its role as a regional air travel hub despite ongoing challenges.

How Are US Tariff Threats Affecting the Vietnamese Electronics Industry?

05/02/2025

Vietnam is rapidly emerging as a vital hub for electronics manufacturing as businesses seek cost-effective production sites with strong trade connections. However, US tariff threats could have significant implications for Vietnam’s electronics industry.

Unlocking Value in Vietnam Evolving Private Equity Market

05/01/2025

As investors pivot toward scalable, tech-driven ventures, regulatory changes are unlocking faster deal execution and greater transparency, positioning Vietnam as Southeast Asia’s next premier destination for private capital deployment.

Vietnam’s Solar Feed-in Tariffs in 2025: Incentivizing Energy Storage

04/28/2025

On April 10, 2025, the Ministry of Industry and Trade issued Decision 988/QD-BCT, which updates Vietnam’s feed-in tariff (FiT) rates for solar power projects. This update is set to take effect throughout 2025 and introduces significant changes to the structure and calculation of these tariffs.

HR & Payroll

Vietnam’s Public Holidays: Planning for Reunification and Labor Day

04/22/2025

As Reunification Day and International Labor Day approach in Vietnam, this article provides essential insights to facilitate effective business operations planning. It is beneficial for both employers and employees to ensure a seamless holiday experience despite anticipated traffic disruptions from the festivities.

Vietnam’s Visa for Indian Tourists: A Brief Guide

02/26/2025

Vietnam is a popular destination for Indian tourists, recording a significant rise in visitor numbers recently. This article provides a concise guide on Vietnam travel options and visa requirements to ensure an enjoyable trip for Indian citizens.

Vietnam’s Legal Framework for Probationary Contracts: Implications for Businesses

02/19/2025

The Vietnamese government regulates probationary contracts to protect workers' rights, with a clear legal framework in place for the initial employment phase. This article examines the types of probationary contracts in Vietnam and their corresponding social insurance obligations.

Vietnam's 2025 Job Market: Opportunities and Challenges

02/12/2025

Vietnam's 2025 job market post-Tet is set for dynamic shifts, with increased hiring and job mobility across sectors. We present key market insights from HCMC, Hanoi, and prominent industrial hubs.

Vietnam’s Personal Tax Code: Key Changes under Circular 86

01/29/2025

Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.

Commuting During Tet: Strategies for Businesses in Vietnam

01/20/2025

With Tet approaching, businesses in Vietnam are urged to adopt strategies to navigate severe traffic congestion in major cities like Hanoi and Ho Chi Minh City as authorities work to alleviate gridlocks.

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