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THE ULTIMATE GUIDE TO DOING BUSINESS IN VIETNAM

Behind every success of business expansion is the comprehensive knowledge of regulations, legal compliances, procedures and socio culture, among others. If you are intending to expand to Vietnam, get our free copy of e-book to learn about starting a business in Vietnam, everything you need to know from A-Z. Simply click the "download" button below.

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The ASEAN-Hong Kong, China Free Trade Agreement (FTA) and Its Effect on Vietnam

The ASEAN-Hong Kong, China Free Trade Agreement (FTA), with its acronym AHKFTA, is expected to promote the trade between Hong Kong and other ASEAN member states substantially. The AHKFTA became effective on June 11, 2019 for Vietnam, Thailand, Laos, Singapore and Myanmar. The rest of the member states will confirm the enactment by the end …

What are the Benefits of Establishing A Science and Technology Firm in Vietnam?

Doing business in Vietnam in the science and technology sector has never been more appealing. Effective from March 20, 2019, the Vietnamese government has enforced Decree 13/2019 with regard to preferential treatment for science and technology companies in credit incentives, corporate tax cuts and exemptions, and reduction or exemption in water and land surface lease …

How Do You Calculate Your Foreign Contractor Tax in Vietnam?

Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the …

Recruitment Vietnam: What to Know about Hiring Mid-Level Managers

When it comes to doing business anywhere across the globe, including Vietnam, mid-level managers play important roles in an organisation’s operation such as retaining employees, resolving resolution, staffing, etc. Their roles are so critical that they can determine the success rate of a project. Unfortunately, hiring mid-level managers is also one of the biggest recruitment …

How to Terminate an Employee in Vietnam? Here’s Your Quick Guide

Terminating an employee is one of the most challenging issues that foreign investors have to deal with in Vietnam. In addition to having to communicate about the performance issues of the employee, you will have to handle the termination with care and in accordance with Vietnam labour law to prevent any legal repercussions. Similar to …

No More Misunderstanding about Representative Office in Vietnam

The first legal entity that comes to most foreign investors’ minds when it comes to doing business in Vietnam is that the only way to make a market presence in the country is by establishing a foreign company. However, this is not always the case. In fact, foreigners can also establish a representative office (RO) …

What are Land Rights and How to Acquire Land in Vietnam?

The land rights in Vietnam can be complex for many people, especially for first-time foreign investors. Unlike other countries, lands in Vietnam are often owned by people conjointly and regulated by the Vietnamese government. With that being said, people are not allowed to own land legally in Vietnam. In other words, if they are interested …

What are the Most Common Payroll Errors Made by Companies in Vietnam?

Payroll processes and regulations are complicated in Vietnam and they have made many HR departments want to scream out of frustration. This is especially true for companies who rely on their internal HR employees. Payroll in Vietnam is often a nightmare for most companies and there are many areas where errors can occur easily and …

The Latest Changes to Work Permit Processes in Vietnam in 2019

The Ministry of Labour, Invalids and Social Affairs (MOLISA) issued Decision 632/QD-LDTBXH on 4 May 2019. This decision addresses the changes of employment procedures governed by MOLISA. For employers, it is critical to understand your responsibilities and opportunities when recruiting and hiring workers and be aware of changes in work permit processes in Vietnam. This …

Vietnam Tax: Personal Income Tax for Expatriates

The personal income tax system in Vietnam can be challenging sometimes. Like most jurisdictions around the world, Vietnamese tax system imposes special regulations on expatriates. The complex personal tax system for expatriates involves special tax rate, calculations and procedures. These calculations and procedures can be much more difficult for you to comprehend if you do …

What are the Key Considerations for Investors when Entering Vietnam?

The Vietnamese economy is thriving and regarded as the fastest growing economy in Southeast Asia, alluring many foreign investors to invest in Vietnam. The ongoing Foreign Direct Investment (FDI) over the years has been the major driver of this burgeoning growth. Furthermore, the middle class in Vietnam has been expanding, making Vietnam a flourishing consumer …