Business, Legal, Tax, Investment, Accounting News | Vietnam Briefing
WEBAug 23, 2012 · Vietnam Briefing has developed into a premium source for insight on doing business in Vietnam. It publishes business news concerning foreign direct investment into Vietnam, including the most important tax, legal and accounting issues. The Vietnam Briefing Magazine was first published in 2009, and is contributed to by investment professionals ...
Vietnam Labor Laws - Vietnam Guide | Doing Business in Vietnam
WEBIn this regard, Vietnam approved an amended Labor Code, which came into effect in January 2021. The amendment to the labor regulations is a step towards aligning with international labor standards, particularly as Vietnam integrates into the world economy, as noted by the International Labor Organization (ILO).. Companies doing business in Vietnam must ensure they follow the provisions of the ...
Vietnam Personal Income Tax - Vietnam Guide | Doing Business in …
WEBTax residents are subject to PIT on their worldwide employment income, regardless of where the income is paid or earned, at progressive rates from five percent (5%) to a maximum of thirty five percent (35%). Non-resident taxpayers are subject to PIT at a flat rate of twenty percent (20%) on their Vietnam-sourced income.
Vietnam News in Brief: Weekly Updates - Vietnam Briefing News
WEBVietnam-China Bilateral Trade Crosses US$100 Billion Mark in H1 2024. September 3, 2024 by Vietnam Briefing. Trade between Vietnam and China remains robust, with expectations that bilateral trade may exceed US$200 billion by the end of 2024. We look at key trends and discuss how investors and trading firms can tap into the rapidly growing ...
Port Infrastructure in Vietnam 3 Regional Hubs for Importers and …
WEBMay 15, 2024 · Vietnam’s rapid expansion of port infrastructure is playing a key role in meeting the accelerated demand of international trade, owing largely to its strategic positioning within the global supply chain and as a China+1 manufacturing hub. Boasting 3200 km of coastline and 320 ports, Vietnam has …
Vietnam's Public Holidays in 2024 - Vietnam Briefing News
WEBDec 1, 2023 · The Tet and National Day holidays for 2024 have been officially announced per document: 8662/VPCP-KGVX. Public Holiday. Details. Observed (2024) Days. Gregorian Calendar New Year Holiday. January 1. Monday, January 1. 1.
Custom Procedures in Vietnam: Documentation and Processing
WEBApr 19, 2019 · Customs Procedures in Vietnam: Documentation and Processing. Following the relevant customs procedures when importing or exporting goods from Vietnam is one of the most vital aspects of doing business in a country where manufacturing costs are leveraged to its favor. Goods to be imported or exported …
Tax Incentives for Foreign Enterprises in Vietnam
WEB10 percent CIT for the lifetime of the project. 4 years of tax exemption**. 9 years of 50 percent reduction on payable CIT. * Rate determined on a case by case basis. ** From the first year of profit generation. Vietnam’s economic zones …
Foreign Contractor Tax in Vietnam: A Complete Guide - Vietnam …
WEBMay 27, 2024 · The Vietnamese party is responsible for the registration of the contracts with the tax authority and withholding and paying the applicable FCT to the local tax department. This must be done prior to making payment to the foreign contractor. Under the declaration method, the taxable revenue will depend on the nature of the overseas payment which ...
Salary and Wages in Vietnam
WEBThere are two kinds of minimum wages in Vietnam. The first type is the common minimum wage of VND 2,340,000 (US$93) which is used to calculate salaries for employees in state-owned organizations and enterprises, as well as to calculate the social contribution for all enterprises (i.e., the maximum social contribution is 20 times the common ...