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Category: Cheat Sheets

Vietnam’s Labour Law for Foreign Firms in 2024: Quick Read

The most recent iteration of Vietnam’s Labour Law, the Labour Code 2019, contains details on hiring and firing, employee leave entitlements, and regulates working hours and overtime. The Labour Code, however, is quite dense and can be quite nuanced. In light of this, this Quick Read runs through the most important parts and should hopefully provide the key details foreign firms, that are looking to establish a business in Vietnam, might need…

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Vietnam Visas for Doing Business in Vietnam: Quick Read 2024

Visas in Vietnam are codified in the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam. This law can be very nuanced and it is not unusual for interpretations of the law to differ between provincial immigration departments. That said, this Quick Read runs through the basics a foreign firm or individual would need to know in most normal circumstances including the types of visa, the length of stay, and how to apply for a visa in Vietnam.

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Vietnam’s Automotive Industry 2024: Foreign Investor Cheat Sheet

Vietnam’s automotive industry has come a long way as middle-class incomes have grown facilitating a shift from motorcycles to cars. However, the automotive industry in Vietnam can be complex, governed by a patchwork of local regulations and free trade agreements. In light of this, this cheat sheet provides a brief overview of Vietnam’s automotive industry touching on the key points foreign firms should be aware of.

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Public Holidays in Vietnam 2024: Cheat Sheet

Like most countries in the world, Vietnam has a number of public holidays. These are codified in the Labour Code 2019 under Chapter 7, Section 2, Article 112.  This cheat sheet provides an overview of Vietnam’s public holidays including their length and the dates they fall on in 2024. For details regarding overtime rates and other leave entitlements that may apply on these public holidays see Vietnam’s Labour Code for Foreign Firms in 2024.

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Corruption in Vietnam: Cheat Sheet 2024

Perceptions of corruption in Vietnam have improved but it is still endemic and a big part of doing business in Vietnam. With this in mind, this cheat sheet runs through the basics of corruption in Vietnam that foreign firms looking to enter the market should know…

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Tax in Vietnam 2024: Quick Read

There are a number of taxes that foreign business owners in Vietnam should be aware of. Most prominent among them are Vietnam’s Personal Income Tax, Corporate Income Tax, Value Added Tax, and Special Consumption Tax. A basic understanding of these taxes can make dealing with local accountants and tax professionals much easier.

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Value Added Tax in Vietnam 2024: Quick Read

There are a number of taxes that foreign business owners in Vietnam should be aware of. One of these taxes is Vietnam’s value-added tax which is particularly important for foreign retail businesses. With this in mind, this article runs through what this tax is, what it applies to, and the key elements that apply to foreign business persons.

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Corporate Income Tax in Vietnam 2024: Quick Read

There are a number of taxes that foreign business owners in Vietnam should be aware of. One of these taxes is Vietnam’s corporate income tax which is particularly important for foreign firms looking to manufacture in Vietnam. With this in mind, this article runs through what this tax is, what it applies, and the key elements that apply to foreign business persons.

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Personal Income Tax in Vietnam 2024: Quick Read

There are a number of taxes that foreign business owners in Vietnam should be aware of. One of these taxes is Vietnam’s personal income tax which is particularly important for foreign businesses with local employees. With this in mind, this article runs through what this tax is, what it applies, and the key elements that apply to foreign business persons.

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Vietnam Special Consumption Tax 2024: Quick Read

There are a number of taxes that foreign business owners in Vietnam should be aware of. One of these taxes is Vietnam’s special consumption tax which is particularly important for foreign proprietors of businesses like bars and nightclubs, hotels, and retail businesses broadly. With this in mind, this article runs through what this tax is, what it applies, and the key elements that apply to foreign business persons.

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Vietnam’s Law on Land 2024: Foreign Investor Cheat Sheet

Last year, a revised Law on Land passed Vietnam’s National Assembly. This revised law has the potential to have a huge impact on Vietnam’s land market and could speed up foreign-invested projects considerably. With this in mind, this cheat sheet runs through the key changes in the new Law on Land and how this might impact foreign firms doing business in Vietnam.

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Video Games in Vietnam: Cheat Sheet 2024

Video games in Vietnam are very popular to both play and produce. In fact, one of Vietnam’s biggest companies, VNG, draws most of its revenue from Vietnam’s video game sector. Furthermore, as internet and smartphone penetration continue to grow mobile games in particular continue to pull in millions of dollars

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Electricity in Vietnam: Foreign Investor Cheat Sheet 2024

When it comes to electricity in Vietnam, whether a company is using it or producing it, there are a lot of nuances that foreign investors should be aware of. This cheat sheet runs through a brief overview of how the industry and the market operate. Who manages Vietnam’s electricity supply?

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English News in Vietnam: A Quick Guide 2024

Vietnam has a broad number of English-language news agencies and 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.  That said, with few alternative sources of Vietnamese news media, this guide outlines the key

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Where are Nikes Made in Vietnam 2024?

Nike products made in Vietnam are produced in several provinces around the country. They are, however, mostly concentrated in the south, in and around Ho Chi Minh City. This is in part because of the dense population and access to one of Vietnam’s biggest ports but also because Ho Chi

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Vietnam Supermarkets: Foreign Retailer’s Guide 2024

Supermarkets are rapidly proliferating in Vietnam. This is on the back of rising incomes and improved market entry conditions. These supermarkets are one of the easiest ways for foreign producers to get their products in front of Vietnamese consumers with a more Western style of doing business. What to expect

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Shopping in Vietnam: Quick Guide 2024

This article covers shopping in Vietnam, breaking down the key means by which goods are bought and sold in one of Southeast Asia’s fastest-growing economies. Local markets Local markets take the lion’s share of retail sales in terms of volume by far. Local markets, generally open-air, are spread out all

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Vietnam’s Financial Sector: An Overview 2024

Vietnam’s financial sector accounted for about 4.76 percent of Vietnam’s GDP in 2022. From banking to insurance to bonds to stocks financial services and financial products have expanded rapidly in the last decade. There is, however, lots of room for the sector to grow and tangents still to develop. In

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