05-02-2021 14:54
Restructuring can assist an organisation in identifying the key issues challenging liquidity and operational efficiency whilst presenting possible solutions. From this point, it is then possible to begin with the implementation of a new structure.
28-12-2020 09:48
In a tight labour market, organisations are increasingly concerned with creating an environment that engages employees and attracts and retains key resources. Implementing digital technology initiatives has emerged as a key factor in employee retention but technology itself is not a magic bullet. Companies must develop and implement a technology strategy that balances several specific requirements, including communication needs, culture, and organisational goals.
07-12-2020 08:00
In the first 11 months of 2020, the country boasted nearly 124,300 newly-established enterprises, albeit a number 1.9 per cent lower compared to the same period last year. This is the first time the figure in that timeframe has decreased in the last five years. In order to adapt to the pandemic, firms have quickly found new directions and implemented many solutions to maintain production and business activities in a difficult time. Approximately two-thirds of enterprises have applied at least one such solution to adapt to a new normal.
30-11-2020 14:21
Foreign investors are gearing up their expansion efforts in Vietnam, trusting the country’s long-term economic stability. Le Khanh Lam, partner at RSM Vietnam, shared with VIR’s Luu Huong insight about the growth momentum in the mergers and acquisitions market.
02-11-2020 07:00
This year was supposed to be a transitional one for the global auto industry. Analysts had expectations that sales in the sector had bottomed out, and that growth in China would support the world market, reversing recent negative sales trends and getting back to a trajectory of growth.
12-10-2020 09:35
Vietnam has witnessed bright spots in socioeconomic development in the third quarter, including in the retail industry. The third quarter of 2020, total estimated retail sales of consumer goods and services reached VND1.3 quadrillion ($56.5 billion).
21-09-2020 19:16
The COVID-19 pandemic has created unprecedented uncertainty and significant operational challenges for many middle market businesses. As this situation continues to evolve, organisations should continuously re-evaluate and reassess their systems and processes for adapting to this new environment, mitigating risk and minimising negative impacts.
07-09-2020 10:34
It is difficult to imagine a more brutal series of circumstances than those that have assailed the tourism and hospitality industry as a direct result of COVID-19 – being forced to close the doors, stand staff down, face restrictions on how you can operate, and essentially be helpless as you watch your business crumble.
15-06-2020 14:57
The ongoing pandemic has been affecting economies around the world. Under its impacts, companies have faced many business risks. Transfer pricing risks in particular may affect companies which have incurred losses during the last few months.
04-05-2020 08:00
The traditional role of internal auditing in Vietnamese companies only focuses on financial estimations and monitoring of the internal control system. However, in recent years, its role and influence has been increasingly enhanced in contributing to risk management activities and improving value. Therefore, it is very important to assess the effectiveness of internal auditing.
17-02-2020 09:07
The growth of foreign-invested enterprises (FIEs) in Vietnam has recently raised increasingly complicated tax concerns. These problems arise primarily from the practical issues of determining the transaction price between FIEs and their related parties.
21-01-2020 17:22
In the context of the Organisation for Economic Cooperation and Development (OECD)/G20 Base Erosion and Profit Shifting (BEPS) project, the 15 final actions were published to equip governments with domestic and international rules and instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating the profits are performed and where value is created.
12-08-2019 08:51
As cross-border mergers and acquisitions in the country continue to rise, Vietnamese companies are now more astute in dealing with overseas investors thanks to help from professional advisors. Lam Le, partner at RSM Vietnam, shared his consulting experiences with VIR’s Nam Phuong.
29-07-2019 17:05
As Vietnam tightens its grip on transfer pricing, firms are being advised to keep themselves posted on how to record transactions of related parties.
17-06-2019 08:57
"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."