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Category: Professional Services

Vietnam Business Support Directory

This is a free directory of businesses providing professional support to foreign firms looking to do business in Vietnam. In order to ensure the quality of this list, should you choose to engage any of these service providers, please let us know how it goes…

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Vietnam rubber, plastics firm struggle to compete with cheap chinese goods

This is noteworthy in that a lot of the focus with respect to cheap Chinese imports has been on the fact that low value goods are exempt from Vietnam’s Value-added Tax. In this context, applying VAT to these low cost imports has been floated as one way to level the playing field. However, it seems that what Nguyen is saying is that it doesn’t even necessarily need to go that far but rather a simplification of VAT refund procedures and processes could help local firms in the first instance.

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Vietnam’s Natural Resources Tax

Vietnam’s Natural Resources Tax is enforced through a regulatory system managed by the General Department of Taxation. Entities exploiting natural resources must register, declare their extraction volumes, and make monthly tax payments. The tax is calculated based on the type and volume of resources extracted and the applicable tax rate. Regular inspections and audits are conducted to ensure compliance, and penalties are imposed for non-compliance, such as fines or operational suspensions.

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Human Resources in Vietnam: Ultimate Guide 2024

Vietnam’s human resources landscape is undergoing significant transformation as the country integrates more into the global economy. With rapid economic growth, companies are increasingly focused on strategic HR management to align with both local and international standards. With all of this in mind, this article looks at the key human resources related factors foreign firms should be aware of when operating in Vietnam.

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Labour Contracts in Vietnam: Ultimate Guide 2024

In Vietnam, labour contracts are governed by the Labour Code, which establishes the rights and obligations of both employers and employees. Labour contracts must be clearly defined and meet specific legal requirements to ensure the protection of both parties. Here is a detailed overview of the key elements of labour contracts in Vietnam:

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Cross-border service providers see jump in tax payments in Vietnam year-on-year

Cross-border service providers that do not have an office in Vietnam have been required to pay tax under Vietnam’s Foreign Contractor Tax regime since 2021. Of note, most of these firms are actually required to open local offices per the Law on Cyber Security, however, few of them have with foreign firms in local offices set to “bear stricter supervision and satisfy more requirements,” according to the Ministry of Information and Communication…

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Foreign Contractor Tax in Vietnam 2024

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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US IP group claims ‘stunning victory’ over Vietnam-based video piracy network

Of note, this isn’t the first time an illegal streaming website has been shut down in Vietnam only to reappear days later under a slightly different domain name. Popular illegal streaming site Phim Moi has been shut down repeatedly since 2021 but is still alive and well. Likewise Fmovies appears to be back online already under a slightly different domain name.

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