Vietnam Briefing

Understanding the US Tariff List: Implications for Vietnam

Economy & Trade

In an unexpected move, the administration of US President Donald Trump announced it would impose a “reciprocal tariff” rate of 46 percent on Vietnam’s imports, significantly higher than the 34 percent rate on China. As developments related to this news unfold, we provide preliminary evaluations of the tariff plan's impact on Vietnam’s trade and economy.

Understanding the US Tariff List: Implications for Vietnam
Elon Musk’s SpaceX and Suppliers Bet Big on Vietnam
Industries

Elon Musk’s SpaceX and Suppliers Bet Big on Vietnam

This article discovers how Elon Musk's SpaceX is investing US$1.5 billion in Vietnam to expand Starlink satellite services, with suppliers like Wistron NeWeb Corporation enhancing the country's role in global high-tech manufacturing.

Vietnam-Canada Trade Future Post-Trudeau: Navigating Key Dynamics
Economy & Trade

Vietnam-Canada Trade Future Post-Trudeau: Navigating Key Dynamics

As Canada navigates a new economic landscape following Prime Minister Justin Trudeau's resignation, the focus shifts to how the upcoming leadership will address evolving trade dynamics. With a potential pivot towards markets like Vietnam, the implications for Canadian exporters and broader trade relations are gaining traction.

2025 Vietnam Public Holidays Calendar
Human Resources & Payroll

2025 Vietnam Public Holidays Calendar

In 2025, workers in Vietnam are set to benefit from extended public holiday periods compared to the 2024 schedule. Businesses must plan in advance.

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Vietnam Briefing

Economy & Trade

Understanding the US Tariff List: Implications for Vietnam
Economy & Trade

Understanding the US Tariff List: Implications for Vietnam

Apr 03

In an unexpected move, the administration of US President Donald Trump announced it would impose a “reciprocal tariff” rate of 46 percent on Vietnam’s imports, significantly higher than the 34 percent rate on China. As developments related to this news unfold, we provide preliminary evaluations of the tariff plan's impact on Vietnam’s trade and economy.

  • Vietnam-Australia Strengthen Development Partnership 2025-2030

    Economy & Trade Apr 02

    Vietnam and Australia have announced the Development Partnership Plan for 2025-2030, reinforcing their Comprehensive Strategic Partnership. This strategic initiative underscores Australia's support for Vietnam's economic transition, aiming to help Vietnam achieve high-income country status by 2045.

  • China’s Manufacturing Presence in Vietnam: Locations and Future Growth

    Economy & Trade Apr 01

    China’s manufacturing presence in Vietnam is experiencing dynamic growth, fueled by robust investments and Vietnam’s advantages as a production hub. This article examines the scale of Chinese investments and their concentrations in Vietnam's key manufacturing hubs.

  • Opportunities Amid Tariff Risks: Vietnam Aims for Trade Balance with the US

    Economy & Trade Mar 28

    On April 2, U.S. President Donald Trump announced that he would raise the tariff on imports from Vietnam to 46 percent. While this unexpected increase has made headlines, the Vietnamese government is actively working to create a more balanced trade relationship with the US.

  • Unlocking Growth: Vietnam’s Plan to Reduce Bureaucracy and Boost Investment

    Economy & Trade Mar 27

    Vietnam is implementing key reforms to enhance its business climate, including reducing unnecessary business conditions by 30 percent. This move aligns with Vietnam’s broader commitment to fostering a more efficient and competitive economy.

Publications

 

Tax & Accounting

Profit Repatriation in Vietnam: A Brief Guide in 2025
Tax & Accounting

Profit Repatriation in Vietnam: A Brief Guide in 2025

Mar 24

Vietnam has established clear regulations regarding profit repatriation for foreign investors, aiming to create a transparent and orderly process for foreign investors. This article explores the necessary procedures for transferring profits derived from direct investments in Vietnam and the required documentation for notification of profit remittance.

  • Vietnam Introduces Tax Department under Decision 381

    Tax & Accounting Mar 21

    Issued on February 26, 2025, Decision No. 381/QD-BTC (“Decision 381") officially terminated Vietnam’s General Department of Taxation and introduced a new, optimized three-level system under the Tax Department. This article examines the functions, responsibilities, and the new organizational structure of Vietnam's tax system, as well as key takeaways for businesses during the transitional period.

  • Q&A: Compliance with Vietnam’s Transfer Pricing Rules

    Tax & Accounting Mar 04

    The 2024 tax finalization, which ends on March 31, 2025, and the transfer pricing compliance declaration pose significant challenges for businesses engaged in related party transactions to comply with current and newly updated rules. This article addresses the most common questions we encounter when supporting our clients navigating Vietnam’s transfer pricing regulations.

  • Related Party Transactions in Vietnam: Key Provisions Under Decree 20

    Tax & Accounting Feb 26

    Stay compliant with Vietnam’s latest regulations on related party transactions. Explore key provisions of Decree 20 and its impact on transfer pricing, disclosure requirements, and tax compliance.

  • Vietnam’s New VAT Law: Key Compliance Guidance

    Tax & Accounting Feb 20

    We examine Vietnam's new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country's VAT regulations, along with recent clarifications by the Ministry of Finance.

Publications

 

Legal & Regulatory

Unlocking Growth: Vietnam’s Plan to Reduce Bureaucracy and Boost Investment
Legal & Regulatory

Unlocking Growth: Vietnam’s Plan to Reduce Bureaucracy and Boost Investment

Mar 27

Vietnam is implementing key reforms to enhance its business climate, including reducing unnecessary business conditions by 30 percent. This move aligns with Vietnam’s broader commitment to fostering a more efficient and competitive economy.

  • Profit Repatriation in Vietnam: A Brief Guide in 2025

    Legal & Regulatory Mar 24

    Vietnam has established clear regulations regarding profit repatriation for foreign investors, aiming to create a transparent and orderly process for foreign investors. This article explores the necessary procedures for transferring profits derived from direct investments in Vietnam and the required documentation for notification of profit remittance.

  • Vietnam’s Amended Securities Law: Key Takeaways for Foreign Investors

    Legal & Regulatory Mar 20

    Vietnam has made significant amendments to the 2019 Securities Law to address regulatory gaps, strengthen market oversight, and improve investor protection. The amendments aim to create a more transparent and stable investment environment.

  • Corporate Restructuring in Vietnam: Strategic Considerations for Businesses

    Legal & Regulatory Mar 10

    As Vietnam continues to attract international businesses, companies are looking for ways to effectively enter and navigate the market or exit it when necessary. Strategic restructuring can help businesses adapt to the ever-evolving market conditions and position themselves for success in Vietnam's competitive economic environment.

  • Vietnam to Amend Food Safety Regulations: Potential Changes and Compliance Strategies

    Legal & Regulatory Mar 05

    Vietnam is amending Decree No. 15/2018/ND-CP, which regulates food operations under the Law on Food Safety. The Vietnam Food Safety Authority proposes stricter administrative controls to enhance food safety oversight.

Publications

 

Industries

China’s Manufacturing Presence in Vietnam: Locations and Future Growth
Industries

China’s Manufacturing Presence in Vietnam: Locations and Future Growth

Apr 01

China’s manufacturing presence in Vietnam is experiencing dynamic growth, fueled by robust investments and Vietnam’s advantages as a production hub. This article examines the scale of Chinese investments and their concentrations in Vietnam's key manufacturing hubs.

Publications

 

HR & Payroll

Vietnam’s Visa for Indian Tourists: A Brief Guide
HR & Payroll

Vietnam’s Visa for Indian Tourists: A Brief Guide

Feb 26

Vietnam is a popular destination for Indian tourists, recording a significant rise in visitor numbers recently. This article provides a concise guide on Vietnam travel options and visa requirements to ensure an enjoyable trip for Indian citizens.

  • Vietnam’s Legal Framework for Probationary Contracts: Implications for Businesses

    HR & Payroll Feb 19

    The Vietnamese government regulates probationary contracts to protect workers' rights, with a clear legal framework in place for the initial employment phase. This article examines the types of probationary contracts in Vietnam and their corresponding social insurance obligations.

  • Vietnam's 2025 Job Market: Opportunities and Challenges

    HR & Payroll Feb 12

    Vietnam's 2025 job market post-Tet is set for dynamic shifts, with increased hiring and job mobility across sectors. We present key market insights from HCMC, Hanoi, and prominent industrial hubs.

  • Vietnam’s Personal Tax Code: Key Changes under Circular 86

    HR & Payroll Jan 29

    Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.

  • Commuting During Tet: Strategies for Businesses in Vietnam

    HR & Payroll Jan 20

    With Tet approaching, businesses in Vietnam are urged to adopt strategies to navigate severe traffic congestion in major cities like Hanoi and Ho Chi Minh City as authorities work to alleviate gridlocks.

Publications

 

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