Other Briefings
New Vietnamese Circular on Tax Code Registration
By Bich Lien Aug. 21 – On May 22th, the Ministry of Finance granted Circular No.80/2012/TT-BTC regulating tax code registration under the Law on Tax Administration and replacing Circular No.85/2007/TT-BTC dated July 18, 2007. Under Circular 80, organizations, households and individuals producing, trading, providing goods and services; individuals earning incomes subject to personal income tax; […]
Vietnam Introduces Favorable Tax Policies for Certain Entities
On June 21, the 8th National Assembly of the Socialist Republic of Vietnam approved Resolution No. 29/2012/QH13, aiming to introduce a number of tax policies in order to “resolve difficulties for organizations and individuals.”
Credit Institutions in Vietnam Now Offering Foreign Currency Loans
Decision No. 857/QD has been enacted by the State Bank of Vietnam. According to this measure, credit institutions (including foreign bank branches) can now make loans in foreign currencies to customers residing in the country.
Important Changes to Vietnam’s Tax Regulations
Vietnam’s government has made some important changes to the country’s tax regulations over the first four months of 2012, and has issued Circular 06, which took effect from March 1, providing a detailed guidance on some key changes to VAT rules.
Foreigners Eligible for VAT Refund When Leaving Vietnam
Apr. 30 – On April 12, 2012, Vietnam’s Ministry of Finance promulgated Circular No.58/2012/TT-BTC to guide the implementation of Decision No. 05/2012/QD-TTg dated January 19, 2012 on implementing a pilot project allowing VAT refunds for foreigners departing Vietnam from Noi Bai International Airport in Hanoi or Tan Son Nhat International Airport in HCMC. Foreigners who […]
Vietnam’s Payment System and Bank Modernization Project
By Marco Azzaro Apr. 27 – Vietnam’s banking reforms, started in the late 1980s, have provided great positive consequences since 2004 to where the banking sector now resembles that of other newly industrialized economies. The old system, with its main faults like ineffectiveness to settle a transaction and outdated information for risk management, has been […]
Vietnam First in Asia for Attracting Foreign Investment
By Tran Que Chi Apr. 26 – Vietnam is the only economy in Asia whose investment funds to attract investment flows every week so far this year as the VN Index jumped to an 11-month high, according to Emerging Portfolio Fund Research. Meanwhile, India and China only saw investment in 8 of the past 16 […]
Vietnam to Tighten Cash Loan Disbursements from June 1
According to the Circular, banks will not use cash as a method for disbursing loans from June 1, 2012.
New Audit Regulations in Vietnam
Apr. 19 – On March 13, 2012, the Vietnam government promulgated Decree No. 17/2012/ND-CP detailing and guiding the implementation of legal articles related to independent audits. This Decree detailed conditions regarding the granting of certificates of satisfaction of auditing business conditions in Vietnam.
Asia Briefing Releases New Doing Business in Vietnam Guide
Asia Briefing has just released the inaugural edition of its regional business guide “Doing Business in Vietnam” – offering business-minded individuals an up-to-date reference source for all of the key issues concerning setting up and successfully operating a business in the country.
