Vietnam Amends 9 Laws: Major Changes to Financial & Tax Regulations
Key changes to existing regulations on securities, accounting, independent audits, tax management, and personal income tax are expected to have a significant impact on Vietnam’s business and investment environment.
Nghe An Province Approves US$590 Million Singaporean Textile Investment
The Mega Textile-Vietnam factory, to be constructed in the Tho Loc Industrial Park within the Southeast Nghe An Economic Zone, will cover 51 hectares. It is set to produce 67,200 tonnes of fabric, 10,300 tonnes of knitted goods, 7,200 tonnes of coloured yarn, 130 million clothing items, 100 million belts, and 2.2 million semi-finished products annually.
Vietnam and China Manufacturing: Key Comparisons for Business Strategies
As companies seek to diversify their supply chains, Vietnam has become a prominent “China Plus One” destination, offering businesses a strategic manufacturing base in Asia.
Investing in Vietnam’s Modernizing Logistics Sector – New Publication Out
With its strategic geographic position, rapidly expanding industrial infrastructure, and government initiatives aimed at enhancing the logistics environment, Vietnam offers a wealth of opportunities for both domestic and international investors.
Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of June 2025
The Vietnam government has agreed to extend the 2 percent VAT reduction on specific goods and services till the end of June 2025.
Vietnam’s New Internet Regulation: Decree 147/2024
Vietnam’s new Decree No. 147/2024 introduces stringent regulation for internet services, imposing stricter compliance on onshore and offshore providers and reshaping access, content moderation, and user data management.
Nam Dinh Province Announces It Will Develop Two New Industrial Clusters
The Red River Delta province of Nam Dinh is set to expand its industrial landscape with the establishment of two new industrial clusters: Thang Cuong and My Thuan.
2024 Vietnam-South Korea Investment Forum Seeks Greater SME Engagement, R&D Collaboration
The Vietnam-South Korea Investment Cooperation Forum 2024 discussed expanding SME collaboration and integrating Vietnamese SMEs into global value chains. The Vietnamese government urged South Korean businesses to support this integration and establish R&D centers in Vietnam.
Vietnam’s School Education Sector: Foreign Investment Scope and New Regulatory Changes
Vietnam’s school education sector presents strong foreign investment potential, fueled by rising demand, supportive policies, and tax incentives. Decrees 124 and 125, effective November 20, 2024, enhance oversight and operational and investment considerations.
Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA): Key Details
The Vietnam-UAE CEPA, Vietnam’s first FTA with an Arab country, fosters extensive bilateral cooperation and market access, covering 18 chapters, 15 annexes, and 2 bilateral letters.