Other Briefings
Social Security in Vietnam: Understanding Your Obligations
One of the key obligations that an employer has in Vietnam is the payment of social security. In order to ensure smooth operations while in the country, it is crucial that foreign companies ensure that they fully understand the legal framework which provides for the rights and obligations of employers and employees with respect to social security.
Vietnam: A Guide to HR in Asia’s Next Growth Market – New Issue of Vietnam Briefing Magazine
In this issue of Vietnam Briefing Magazine, we attempt to clarify HR and payroll processes in Vietnam. We first take you through the current trends affecting the HR landscape and then we delve into the process of hiring and paying your employees. We next look at what specific obligations an employer has to their employees. Additionally, we guide you through the often complex system of visas, work permits, and temporary residence cards. Finally, we highlight the benefits of outsourcing your payroll to a “pan-Asia” vendor.
Vietnam Ranks as 2nd Most Attractive Nation in ASEAN for US Business
According to survey results recently released by the U.S. Chamber of Commerce in Singapore, Vietnam is the second most popular destination for U.S. business expansion in the Association of Southeast Asian Nations (ASEAN). Indonesia was in the top position.
New Circular Allows Foreign Investors to Open Direct Investment Capital Accounts in Vietnam
On August 11, the State Bank of Vietnam issued a new circular to provide detailed instructions on the management of foreign currency FDI operations in the country.
Animal Feed in Demand as Ranchers Ramp up Operations in Vietnam
Demand for animal feed in Vietnam has increased sharply as farmers and livestock ranchers increase activity in the nation following its economic recovery.
Betting on Vietnam: The Future of Southeast Asian Manufacturing
While some analysts have been quick to point out several striking similarities between Vietnam and China’s economic rise, it must be appreciated that Vietnam is following its own unique roadmap for growth.
IT Parks in Vietnam: Present and Future
Vietnam, home to seven IT development zones, will soon see construction begin on an additional 19 parks, in an effort to attract greater investment into tech development.
Tax, Accounting, and Audit in Vietnam 2014-2015
Tax, Accounting, and Audit in Vietnam 2014-2015, which is out now and available for download in the Asia Briefing Bookstore, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when operating a business in Vietnam, as well as other tax-relevant obligations.
Foreign Invested Firms Dominate Vietnam’s Garment and Textile Industry
Despite their small overall number, foreign direct invested (FDI) firms account for 60 percent of Vietnam’s total garment and textile export revenue. According to the Vietnam Textile and Apparel Association, there are 3000 garment and textile firms in Vietnam – 25 percent of which are FDI firms.
Foreign Logistics Firms See Success in Vietnam
While their presence is still small, foreign logistics firms are seeing increasing success and growth in Vietnam. As the country’s economy continues to grow, these firms are expected to continue to increase their level of investment and footprint on the ground in Vietnam.
