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Economy & Trade

Vietnam-Canada Bilateral Relations, Trade, and Investment Outlook

03/26/2024

We discuss key factors making Vietnam an attractive investment destination for Canadian businesses amidst rapid economic expansion.

Vietnam-New Zealand Investment and Trade Opportunities

03/22/2024

We discuss the strengthening Vietnam-New Zealand Investment bilateral relationship, and focus on emerging trade and investment prospects.

Vietnam’s 2024 FDI Landscape Poised to See Robust Growth

03/14/2024

Vietnam's FDI landscape in 2024 is poised for robust expansion, with several opportunities in the technology, renewable energy, healthcare, banking, and real estate sectors.

Australia Upgrades Relationship with Vietnam to a Comprehensive Strategic Partnership

03/08/2024

Australia and Vietnam have elevated their bilateral relationship to a comprehensive strategic partnership, improving scope for economic engagement in frontier sectors like climate technology, renewables, and minerals.

Australia-Vietnam Collaboration on Sustainable Development

02/28/2024

Australia and Vietnam are collaborating in a number of ways on green and sustainable development. Here’s what that looks like.

Vietnam's Cross-Border Payments Infrastructure and ASEAN

02/27/2024

Vietnam’s central bank has signed a memorandum of understanding to develop its cross-border payments service system with five other ASEAN member countries.

Tax & Accounting

Corporate Tax Planning for Businesses in Vietnam in 2024 - New Publication from Vietnam Briefing

03/22/2024

'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.

Vietnam CIT and PIT Finalization for the 2023 Tax Period

03/13/2024

Compliance with CIT and PIT finalization regulations is crucial for companies and individuals in Vietnam. We discuss reporting requirements and relevant deadlines.

Taxes for Foreign E-commerce Firms Earning an Income in Vietnam

02/14/2024

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.

Vietnam Tax Updates for the New Year 2024

01/05/2024

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.

Draft Global Minimum Tax Support Fund Unveiled

01/02/2024

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.

Tax Update: Global Minimum Tax, VAT Tax Reduction Confirmed for 2024

11/30/2023

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.

Legal & Regulatory

Vietnam Unveils Decree 32/2024/ND-CP on the Management and Development of Industrial Clusters

03/27/2024

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.

Vietnam Issues Draft Decree Regulating Foreign Telecom Service Providers

03/27/2024

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

03/14/2024

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.

Vietnam’s New Real Estate Business Law

03/11/2024

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.

Vietnam Housing Law: Draft Decree Guidelines on Foreign Property Ownership

03/06/2024

Vietnam’s Ministry of Construction has released a draft decree to guide the implementation of the country’s amended Housing Law, which will come into force on January 1, 2025.

Vietnam’s 2024 Land Law: Significant Amendments and Key Changes

02/13/2024

The 2024 amended Land Law in Vietnam brings significant changes to land valuation, rent payments, land use terms, and dispute resolution mechanisms.

Industries

Vietnam’s 5G Spectrum Auction: Telecom Companies Enter Bidding Race for Spectrum Licenses

03/18/2024

Vietnam has opened its long-awaited 5G spectrum auctions in March to all telecom companies for license to operate multiple band blocs.

Vietnam Issues Decree 10/2024/ND-CP to Attract More High-Tech Investments

03/14/2024

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.

Vietnam’s New Real Estate Business Law

03/11/2024

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.

Vietnam’s Digital Infrastructure Master Plan to 2030: Roadmap to a High-Tech Future

03/04/2024

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.

Domestic EV Major VinFast Gets Ambitious with New India Factory

02/29/2024

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 Edible Oil Market for Foreign Firms

02/20/2024

The edible oil market in Vietnam is growing rapidly. In this light, we analyze the opportunities for foreign investors.

HR & Payroll

Vietnam Issues Draft Rules on Foreigner’s Electronic Identification Registration

03/20/2024

Vietnam has released a draft decree regulating procedures for the registration of foreigners’ electronic identification.

Planning for Uncertainty: Global Staffing Solutions to Facilitate Your Vietnam Market Entry

02/21/2024

Global Staffing Solutions is a flexible entry strategy for businesses to test the Vietnamese market without needing to physically set up an operation.

Recruitment Strategies for Foreign Manufacturers in Vietnam

02/16/2024

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

01/29/2024

A German delegation visit to Vietnam from January 23-24 highlighted prospects for bilateral cooperation in developing Vietnamese skill labor. We discuss key points raised during the visit, including challenges and business growth opportunities.

Vietnam Labor Federation Proposes Cut to Weekly Working Hours

01/16/2024

The Vietnam Labor Federation has proposed reducing the maximum number of working hours in Vietnam to under 48 hours a week. Here are the details.

General Office of Statistics Releases 2023 Labor Market Summary

01/03/2024

The General Office of Statistics has released a summary of the development of Vietnam’s labor market in 2023. Here’s what it says.

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