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Vietnam Regulatory Brief: Tax, Customs, and Bankruptcy

Of the many laws and regulations which came into effect at the beginning of 2015, Vietnam Briefing has selected three with significant relevance to foreign investors in the country or who are interested in entering. Wide-scale tax reforms have been implemented, along with changes to customs and bankruptcy procedures.

Vietnam’s Growing Tech Capabilities Attract Foreign Investment

While Vietnam may be more well-known for its sizeable garment manufacturing capabilities, investors may be surprised to learn of the country’s growing technical expertise. High tech companies are starting to flow into the country as they seek to take advantage of the low-cost, young, fast learning, and rapidly expanding workforce. Making Vietnam even more attractive to foreign investors, the country’s government is providing a range of financial incentives to businesses engaged in high-tech activities, these include tax holidays and significant reductions in Corporate Income Tax.

Why Vietnam? A Guide for U.S. Investors

As recently reported by Vietnam Briefing, Vietnam is on track to become the largest supplier in ASEAN to the United States. With its growing role in supplying goods to the U.S., it’s time to take a look at why American companies should be interested in investing in Vietnam, if they’re not already there.

Key ASEAN Industries in Vietnam for Foreign Investors

As Vietnam experiences greater integration into the ASEAN community the country is seeing strong growth in a number of industries, among the key business areas are electronics, information and communications technology, textiles and apparel, and medical devices. Foreign investors seeking to find the next manufacturing destination after China, would be well advised to look closely at this dynamic country. In this article we provide a snapshot into each industry within Vietnam and provide context within the wider ASEAN region.

Asia Briefing Ltd. Announces New Logo for Vietnam Briefing

Asia Briefing, the business publishing house owned by professional services firm Dezan Shira & Associates, is proud to announce the introduction of its new logo for Vietnam Briefing. Just as Vietnam is currently going through dynamic changes in its economy and culture, we felt it was time to create a logo that more accurately represented this exciting country.

The green outer region of the new logo represents the iconic traditional hat of the Vietnamese, reminding us that, although Vietnam is rushing head first into the future, it also will not forget its deep and rich traditions. The triangular shape of the hat also represents the upwards development of the country. Looking to the center of the logo, a lotus, the national flower of Vietnam, is clearly visible. To the Vietnamese, the lotus is a symbol of purity, commitment, and optimism for the future. Like the lotus, Vietnam floats on the top of the world economy even though it is firmly rooted in Southeast Asia. Known as the “flower of dawn”, the lotus also alerts us to a new dawn for Vietnam and a new face for Vietnam Briefing.

Transferring Capital and Profit Into and Out of Vietnam

Foreign exchange control is a paramount concern of all foreign investors entering into Vietnam, as regulations on capital inflows and outflows have a great influence on operations and profit. These transactions include transferring capital into and out of the country, opening and using bank accounts, borrowing foreign loans and paying foreign debts, dealing with currency exchanges, government reporting, and handling violations.

Understanding How to Hire and Pay Staff in Vietnam

Having a clear understanding of how to hire and pay your employees in Vietnam is crucial to ensuring your company’s success. In this article we take you through the regulations surrounding the hiring of employees and provide a discussion on wages.

Vietnam-U.S. Relationship Shows Continued Signs of Improvement, TPP Progressing

Recent high-level government meetings have confirmed that Vietnam and the United States are continuing to strengthen their bilateral relations. Among the important agreements are trade deals such as the Trans-Pacific Partnership (TPP) and the removal of a US arms embargo. In 2015, the two countries will celebrate their 20th anniversary of normalized bilateral relations.

Two recent important meetings between the two nations have included Pham Binh Minh’s, Vietnam’s Deputy Prime Minister, recent trip to the US and Michael Froman’s, a US Trade Representative, trip to Vietnam.

Key Steps for Setting Up a Business in Vietnam

Establishing a business in Vietnam is not simple, there are a number of important steps that must be taken in order to ensure proper compliance with the country’s laws. Key among these processes are the acquiring of an Investment Certificate, charter capital, and establishing the correct management structure of the company.

A Guide to Understanding HR Trends in Vietnam

Once a company has gone through all the legal procedures required for the establishment of their business in Vietnam, the next big hurdle is the process of actually hiring the staff that will be needed and dealing with the associated payroll obligations. Hiring, and the associated legal obligations that go along with it, can be a confusing process. It is therefore strongly recommended that businesses take a careful look at all relevant regulation and engage a professional where appropriate to ensure proper compliance with all laws.