Other Briefings
Vietnam Tightens DTA Rules to Crack Down on Treaty Shopping
Vietnam has recently released a circular on anti-treaty shopping rules. This new circular amends the existing circular 133/2004, which was on the matter of double taxation agreements (DTA) with other countries. The new circular seeks to prevent companies from using the DTA as a way to circumvent taxation.
Vietnam Issues New Customs Regulations
On September 10, 2013, the Vietnamese Ministry of Finance issued Circular 128/2013/TT-BTC (hereinafter referred to as “Circular 128”) which enacts a slew of new regulations with regard to customs procedures, customs control and supervision, import and export duties and the administration of duties on import and export goods.
Vietnam to Set Up State-Owned Credit Rating Agency
Sept. 19 – The Vietnamese Ministry of Finance (MOF) is expected to launch a new state-run credit rating agency (CRA) next year in a move to create a government-run institution to reliably rate the country’s stocks and companies. The purpose of the CRA will be to judge how likely it is that a company is […]
Vietnam Clarifies Foreign Worker Guidelines
The Vietnamese Government has issued Decree 102/2013/ND-CP (Decree 102) regarding the country’s labor laws in order to provide a set of clearer guidelines for foreigners currently working in Vietnam.
New Issue of Asia Briefing: Work Visa and Permit Procedures Across Asia
In this edition of Asia Briefing Magazine, we outline the specific documents required for foreign nationals working in China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as highlight the relevant application processes in each of these countries. Attention is also given to the role of the sponsoring company and the regulations they must adhere to.
Vietnam Gov’t Issues New Transfer Pricing Circular
Vietnam’s Ministry of Finance and General Department of Taxation (GDT) released a new draft circular this week aimed at simplifying its transfer pricing policy.
Vietnam Considers Ban on Mobile Chat Apps
Aug. 22 – Late last week, Vietnamese Prime Minister Nguyen Tan Dung asked the Communications Ministry to look into possible regulations restricting free call and messaging apps (chat apps) in an attempt to level the playing field for Vietnamese telecoms companies. Apps that may be affected include internationally popular Viber, Line and WhatsApp. The Prime […]
Vietnam to Allow Greater Foreign Holdings in Domestic Companies
Aug. 21 – The Vietnam Government has lent support to a proposal by the Ministry of Finance and State Securities Commission allowing foreign firms a greater stake holding in listed companies. The draft proposal would amend certain regulations to allow foreigner investors to hold up to 59 percent of the charter capital of domestic companies […]
Vietnam Cracks Down on Securities Fraud
In an effort to enact protection mechanisms to lower the risk investors may be exposed to with regard to securities-related crimes, and to crack down on securities fraud, the Vietnamese government promulgated Circular No. 10.
Vietnam Establishes Management Firm to Buy Bad Debt
Aug. 1 – Last week, in a move to try to fix its credit-starved economy, Vietnam officially launched the Vietnam Asset Management Company (VAMC) by way of Decree 53/2013/ND-CP. The VAMC will essentially buy up any bad debts that its country’s banks hold. The VAMC, colloquially known as the “bad debt bank”, finally commenced operations […]
