Other Briefings
Vietnam’s Pharmaceutical Market Set for Healthy Growth
The next six years look to be very interesting for the pharmaceutical industry in Vietnam. Recent economic forecasts have predicted a US$5 billion increase in value over the next six years, reaching a net worth of US$8 billion by 2020 – a compound annual growth rate of 15.4 percent
New Zealand-Vietnam DTA Goes Into Effect
On May 7th, New Zealand’s double tax agreement (DTA) with Vietnam went into effect. The DTA agreement was originally signed on August 5, 2013.
Airfares for Overseas Employees Working in Vietnam Not Subject to Personal Income Tax
On May 15, Vietnam’s Ministry of Finance released Official Letter 6375/BTC-TCT which clarified that airfares and related expenses provided to overseas employees for travel between their foreign location and Vietnam are not subject to Personal Income tax.
Back to Business in Southern Vietnam after Riots
After rioting, many business leaders are optimistic government efforts to restore business confidence will allow for a return to business as usual.
Ho Chi Minh City Cracks Down on Work Permits
The Ho Chi Minh City Department of Labor, War Invalids, and Social Affairs has announced that foreign workers in the city will have to apply for new work licenses when their work permits expire and will not be able to get an extension.
Vietnam to Pursue Draft Amendments to Business Laws
Vietnam’s government is seeking to issue draft amendments to a number of laws in order to help streamline business activities and make existing regulations easier to understand. These laws include the Law on Enterprises, the Bankruptcy Law, and changes to regulations surrounding the Law on Social Insurance.
Strong Growth for Vietnam’s Footwear Industry
The General Statistics Office of Vietnam (GSO) has announced that the country’s exports of footwear have seen an increase of 21.9 percent year-on-year, reaching US$2.85 billion. This rise is attributable to rising consumption and improvements in standards of living in countries around the world, most notably in the European Union (EU).
Developing Your Sourcing Strategy for Vietnam: New Issue of Vietnam Briefing Magazine
In this issue of Vietnam Briefing Magazine, we outline the various sourcing models available for foreign investors and discuss how to decide which structure best suits the sourcing needs of your business.
Vietnam’s Cocoa Growers Look for Sweet Deal in the Chocolate Industry
Cocoa growers and chocolate manufacturers are increasingly viewing Vietnam, with its warm and humid climate, as an ideal growing location for cocoa beans – the key ingredient in chocolate.
Draft Amendment to Vietnam’s Investment Law Seeks to Improve Business Environment
During a recent meeting organized by Vietnam’s Ministry of Planning and Investment, discussions focused on draft amendments to the country’s Investment Law in order to “improve the investment environment and increase benefits for investors and businesses.”
