Taking advantage of beneficial agreements

Taking advantage of beneficial agreements

Vietnam’s economy is showing steady growth – however, much more is needed for the survival and development of businesses. Bui Ngoc Tuan, tax partner of Global Trade and Customs at Deloitte Vietnam, shares his insights on the resources businesses can utilise to take advantage of cross-border transactions.
FIEs seek support over social insurance payout schedules

FIEs seek support over social insurance payout schedules

In the context that the production and business situation continues to be severely affected due to the latest outbreak of COVID-19, foreign-invested enterprises in Vietnam are looking to suspend or extend deadlines for payment of social insurance premiums, just as the Vietnamese government has reduced and exempted taxes since last year.
Value sharing and opportunities for Vietnamese suppliers in global value chain

Value sharing and opportunities for Vietnamese suppliers in global value chain

MNCs and FIEs increasingly focus on sustainability in their cooperation with local suppliers to elevate SMEs to become part of global supply chains.
ASEAN-wide tax race for FDI a road leading into the abyss

ASEAN-wide tax race for FDI a road leading into the abyss

ASEAN countries should stop offering aggressive tax incentives in order to attract foreign funds, as it could create an unfair business climate among enterprises and lead to an acute state budget deficit.
FIEs displeased with government demand to license internal websites

FIEs displeased with government demand to license internal websites

The new regulations of the MIC may affect the policies and assets of private businesses and foreign-invested enterprises in Vietnam.
Harnessing further FDI to Vietnam

Harnessing further FDI to Vietnam

Since national reunification in 1975, Vietnam’s economy has grown from strength to strength. Senior economist Nguyen Mai writes about how the economy has developed in that time, with foreign direct investment serving as one of the key driving forces.
Scrutinising rules for transfer pricing

Scrutinising rules for transfer pricing

The implementation of the government’s Decree No.20/2017/ND-CP dated February 2017 and Circular No.41/2017/TT-BTC dated April 2017 – both effective from May 2017 and applied from the fiscal year of 2017 onwards – has raised several concerns among taxpayers regarding transfer pricing (TP) rules.
Crunch time for labour-intensive areas

Crunch time for labour-intensive areas

As the country faces an unexpected economic crisis, industrial zones are reeling to protect enterprises vulnerable to diseases, especially those labour-intensive businesses that play an important role in the nation’s exports.
Two foreign banks' representative offices have licences withdrawn

Two foreign banks' representative offices have licences withdrawn

The SBV has withdrawn the licences of the representative offices of Kookmin from South Korea and Commonwealth Bank of Australia.
Maintaining business stability a top task for foreign investors

Maintaining business stability a top task for foreign investors

Amidst the complicated developments of the acute respiratory infection that has grown into a global pandemic, foreign-invested enterprises are struggling to maintain business as usual, and taking measures to curb the spread of the virus and ensure employees’ health.
Aligning transfer pricing with international norms

Aligning transfer pricing with international norms

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.
76 per cent of German companies concerned about conoravirus impacts

76 per cent of German companies concerned about conoravirus impacts

Around 76 per cent of German companies confirmed that the coronavirus affected their activities in Vietnam, according to a survey conducted by GIC/AHK Vietnam.
Hanoi Tax Department to scrutinise transfer pricing in 2020

Hanoi Tax Department to scrutinise transfer pricing in 2020

The Hanoi Tax Department will scrutinise transfer pricing among foreign-invested enterprises in 2020, announcing it as its key task for the year.
Framework mooted for stock listing

Framework mooted for stock listing

The Politburo recently issued a resolution paving the way for favourable conditions to attract and choose high-quality foreign direct investment into Vietnam.
Hindrances preventing FIEs from listing on stock market

Hindrances preventing FIEs from listing on stock market

A number of foreign-invested enterprises have been unlisting their shares in Vietnam due to alleged legal problems. Nguyen Hung Quang, managing partner at NHQuang & Associates, delves into the reasons behind the issue and their responses in practice.
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