Taking advantage of vast potential of renewables

Taking advantage of vast potential of renewables

Power consumption in Vietnam has increased approximately 10 per cent per year on average, significantly faster than the national GDP, in order to meet the insatiable demand for more power generation and investment.
Vietnam remaining a destination of vast promise for manufacturers

Vietnam remaining a destination of vast promise for manufacturers

In the last few years, Vietnam has quickly become a rising manufacturing and investment destination because of its strategic location and advantages in shipping and competitive labour and production costs. In comparison to neighbouring countries, Vietnam stands out with international airports, seaports, and rail connections that facilitate production flow and transportation.
Unforeseeable risks in transfer pricing amid worldwide crisis

Unforeseeable risks in transfer pricing amid worldwide crisis

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.
How to assess effectiveness of internal audits

How to assess effectiveness of internal audits

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.
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.
Tax implications of cross-border trade

Tax implications of cross-border trade

"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."