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Economy & Trade

Selling to the Vietnam Market: Winning Strategies for Foreign Retailers

03/14/2025

The magazine delivers crucial insights for companies looking to establish or grow their foothold in the rapidly changing market of Vietnam. It offers a thorough overview of Vietnam’s retail landscape, highlights key trends, and provides guidance on setting up a retail business.

Vietnam-Canada Trade Future Post-Trudeau: Navigating Key Dynamics

03/12/2025

As Canada navigates a new economic landscape following Prime Minister Justin Trudeau's resignation, the focus shifts to how the upcoming leadership will address evolving trade dynamics. With a potential pivot towards markets like Vietnam, the implications for Canadian exporters and broader trade relations are gaining traction.

Vietnam, Indonesia Upgrade Ties to Comprehensive Strategic Partnership: Prospects of Future Economic Collaborations

03/12/2025

Vietnam and Indonesia have upgraded their bilateral relations to a Comprehensive Strategic Partnership, marking the 70th anniversary of diplomatic relations with a tightened collaboration for the future. Beyond enhancing the two-way cooperation, the agreement is expected to contribute to the development and prosperity of ASEAN.

Vietnam's Government Restructuring: Updates on Conclusion 127 and Implications for Businesses

03/04/2025

Vietnam’s government restructuring is among the most significant changes in the country this year, with profound implications for businesses and investors. This article details the latest developments in its provincial restructuring, emphasizing the consequences for businesses and investors while suggesting the best strategies for adapting to these changes.

The Impact of Tariffs on Vietnamese Exports: US-Vietnam Trade Relations Under Trump 2.0

02/25/2025

Trump’s tariffs could significantly impact Vietnamese exporters due to the country's large trade surplus with the US and past accusations of unfair trade practices. However, Vietnam might mitigate the impact by choosing the right approach.

Vietnam's Medical Devices Market Outlook: Projections and Insights

02/24/2025

Vietnam's medical devices market is projected to reach US$1.77 billion by 2025. In this article, we discuss key opportunities and challenges for businesses operating in this dynamic sector.

Tax & Accounting

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.

Vietnam’s New VAT Law: Key Compliance Guidance

02/20/2025

We examine Vietnam's new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country's VAT regulations, along with recent clarifications by the Ministry of Finance.

How Vietnam Will Implement the Global Minimum Tax: Draft Decree Guiding Resolution 107

02/18/2025

We discuss the Vietnam draft decree outlining the implementation of Resolution 107 and the Global Minimum Tax (GMT) under GloBE rules, introducing tax administration requirements and CIT measures to combat tax avoidance by MNCs.

Understanding the Updates to Vietnam's Tax Codes in 2025

02/06/2025

Effective February 6, 2025, Circular 86/2024/TT-BTC will replace Circular 105/2020/TT-BTC, which previously governed tax registration procedures in Vietnam.

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.

Legal & Regulatory

Corporate Restructuring in Vietnam: Strategic Considerations for Businesses

03/10/2025

As Vietnam continues to attract international businesses, companies are looking for ways to effectively enter and navigate the market or exit it when necessary. Strategic restructuring can help businesses adapt to the ever-evolving market conditions and position themselves for success in Vietnam's competitive economic environment.

Vietnam to Amend Food Safety Regulations: Potential Changes and Compliance Strategies

03/05/2025

Vietnam is amending Decree No. 15/2018/ND-CP, which regulates food operations under the Law on Food Safety. The Vietnam Food Safety Authority proposes stricter administrative controls to enhance food safety oversight.

Dispute Resolution Methods in Vietnam and the Advantages of Arbitration

02/18/2025

We discuss common dispute resolution methods in Vietnam, existing legal frameworks, and challenges faced by foreign stakeholders. In particular, we highlight the advantages of arbitration in resolving business conflicts.

Vietnam’s Regulatory Framework for Corporate Restructuring

02/17/2025

Vietnam’s regulatory framework for corporate restructuring is comprehensive, balancing the need for corporate flexibility with the protection of stakeholders. We discuss key legal stipulations and compliance obligations.

Vietnam’s Amended Pharmaceutical Law: Navigating the Key Changes

02/11/2025

Vietnam’s amended Law on Pharmacy, set to take effect on July 1, 2025, introduces key reforms to modernize the pharmaceutical sector. The new provisions expand e-commerce sales, streamline drug registration, enhance market access for foreign-invested enterprises (FIEs), and improve price transparency.

Why Companies in Vietnam Choose to Restructure Their Businesses

02/05/2025

Businesses in Vietnam, both domestic and foreign-invested, may pursue restructuring for various reasons. We discuss options under Vietnam law.

Industries

Selling to the Vietnam Market: Winning Strategies for Foreign Retailers

03/14/2025

The magazine delivers crucial insights for companies looking to establish or grow their foothold in the rapidly changing market of Vietnam. It offers a thorough overview of Vietnam’s retail landscape, highlights key trends, and provides guidance on setting up a retail business.

Vietnam Extends EV Registration Fee Exemption Until 2027

03/11/2025

Vietnam has extended its 100 percent registration fee exemption for battery-powered electric vehicles (EVs) through 2027. The decision is set to further incentivise the green transitions among consumers and businesses.

Vietnam’s M&A Market in 2025: Healthcare and Education Sectors Set to Thrive

03/06/2025

Vietnam is set to become a key M&A hub in 2025, driven by booming healthcare and education sectors and fueled by growing demand, government policies, and foreign investment. Opportunities in digital health, private hospitals, K-12 education, and EdTech will dominate investor interest.

Vietnam’s Semiconductor Industry: Progress and Outlook Beyond 2025

03/03/2025

With a projected market value of US$31.28 billion by 2027, Vietnam’s semiconductor industry is steadily increasing its prominence in the global supply chain. This article explores Vietnam’s advancements in semiconductors, the investment climate, industry challenges, and long-term growth potential.

Vietnamese Coffee Market: A Deep Dive into Its Consumers, Challenges, and Prospects

02/28/2025

The Vietnam coffee industry holds opportunities for foreign firms in sourcing, manufacturing, and market retail. Here's where they are.

Industrial Zones in Vietnam: 2025-2030 Growth Outlook

02/11/2025

With over 400 planned industrial zones and an 80 percent occupancy rate, Vietnam’s industrial real estate market is set for substantial growth, with development plans through 2030 reinforcing its status as a key Southeast Asian production hub.

HR & Payroll

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.

Vietnam’s New Trade Union Law: Key Changes and Foreign Workers’ Rights

01/03/2025

We examine Vietnam’s New Trade Union Law, which will come into force from July 1, 2025, and is expected to bring about notable changes to protect the rights of foreign workers in Vietnam.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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