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Vietnam’s value-added tax reduction extended

A 2 percent reduction in Vietnam’s value-added tax has been extended to June next year, VTV is reporting. The stimulus measure first introduced during COVID has been extended multiple times as Vietnam’s economy first struggled to recover from the pandemic and is now battling a greater global economic downturn.

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Two foreign firms warned against ads on restricted content in Vietnam

September 15, 2024

The MIC maintains a blacklist and a whitelist of places where advertisements can and cannot be shown which is supposed to make it easier for advertisers to avoid breaking the rules. In reality, however, both lists are very short and severely limiting, making it difficult on a practical level for advertising firms to comply…

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Vietnam coffee exports up 5.5 percent August over July

September 15, 2024

Vietnam’s coffee exports climbed by 5.5 percent in August over July from US$381.2 million to US$402.2 million. Vietnam’s coffee exports for the year now stand at US$4 billion which is an increase 35.6 percent over the same period last year. That said, Vietnam has seen a decline in the volume of coffee exports of 12.1 percent year-on-year.

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Vietnam Car Sales Tracker: August Update [data]

September 15, 2024

The Vietnam Automobile Manufacturers’ Association–the VAMA–August sales report has found that vehicle sales of the group’s members decreased significantly in August over July, falling about 14 percent. That fall was mostly confined to passenger vehicles with commercial vehicles–trucks and buses–collectively rising by 2 percent…

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

September 14, 2024

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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Investing in Real Estate Projects in Vietnam for Foreign Firms 2024

September 13, 2024

Investing in real estate projects in Vietnam offers significant opportunities for foreign firms, driven by the country’s economic growth, urbanisation, and rising demand for residential, commercial, and industrial spaces. However, navigating the market requires a thorough understanding of local regulations, investment structures, and cultural nuances.

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How to Start a Real Estate Business in Vietnam in 2024

September 13, 2024

Starting a real estate business in Vietnam presents many opportunities, as the country’s economic growth and rising incomes are fueling demand for both commercial and residential properties. However, entering the Vietnamese real estate market requires a deep understanding of the country’s business environment, real estate culture, and the regulatory landscape.

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Real Estate in Vietnam: Industry Overview 2024

September 13, 2024

Vietnam’s real estate sector has evolved rapidly over the past decade, reflecting Vietnam’s broader economic transformation and urbanisation. Foreign direct investment (FDI), infrastructure development, and a burgeoning middle class are propelling demand across residential, commercial, industrial, and hospitality sectors. Despite challenges such as regulatory complexities and market fluctuations, the outlook for real estate in Vietnam over the long term is promising as the country continues to position itself as a key player in the Southeast Asian market.

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