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Day: March 19, 2025

Foreign Contractor Tax in Vietnam 2025: Calculation & Applicability

Foreign Contractor Tax (FCT) is a tax regime in Vietnam that applies to foreign organizations and individuals (referred to as “foreign contractors”) who do not have a permanent establishment in Vietnam but earn income from providing services, supplying goods, or conducting business activities in Vietnam. The FCT combines both Value-Added Tax (VAT) and Corporate Income Tax (CIT) obligations for these foreign entities. The FCT is commonly applied to foreign contractors operating in sectors such as construction, telecommunications, digital services, and e-commerce.

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Trump Organization CEO meets with Vietnam PM

Prime Minister of Vietnam Pham Minh Chinh has met with Charles Bowman, General Director of Projects for the Trump Organization in Vietnam, to discuss a proposed US$1.5 billion luxury urban, eco-tourism, and golf complex in Hung Yen province.

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English News in Vietnam 2025: Top Sources, Censorship, and Alternatives

English news in Vietnam comes in a range of forms including a number of English-language news publications. There are, however, limitations on what can and cannot be reported in Vietnam with one of the strictest media censorship regimes in the world. Vietnam’s media industry is also relatively small which can mean that coverage of key events and developments is sometimes limited.

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Vietnam industry group continues push for delay to tax increase on booze, sugary drinks

The Vietnam Chamber of Commerce and Industry (VCCI) , a leading industry group in Vietnam, has held another in a series of conferences on proposed amendments to Vietnam’s Special Consumption Tax, VN Express has reported. The proposed amendment would see tax rates on beer and alcohol rise from 65 percent to 100 percent over five years and a 10 percent tax on sugary soft drinks.

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Can South Korea’s Chaebol Development Model Work for Vietnam?

The South Korean chaebols are constantly referenced as a model to be emulated in Vietnam. However, whereas at first glance South Korea’s economic development on the back of its chaebols looks to be a success story, that doesn’t really tell the whole story. With this in mind, this article looks at how the chaebols system worked and didn’t work and whether this is a model Vietnam should be looking to follow.

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New! Vietnam Economic Snapshot
April 2025
Vietnam
Labour Market Report
Q1 2025
Help Wanted: Business Development Manager (Freelance) ​

We’re looking for a self-starting freelance Business Development Manager to help shape and grow the-shiv’s commercial strategy. You’ll be responsible for identifying new revenue opportunities, pitching services, and building partnerships.

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