| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Starting July 1, 2022, all enterprises, economic organizations, household businesses, and individuals paying tax under the declaration method in Vietnam must use e-invoices, except for certain cases. We provide step-by-step guidance. | | | | | Successfully setting up an FDI company in Hung Yen requires following a structured legal process to ensure compliance with local regulations. We discuss the step-by-step setup process, key locations, and top sectors attracting investor interest in the area. | | | | | Vietnam’s Special Consumption Tax (SCT), or excise tax, applies to certain luxury and non-essential goods. We explain how SCT is computed, list the updated SCT rates, and key exemptions. | | | | | We explain the tax reporting obligations for foreigners who own rental properties in Vietnam, addressing common questions related to this topic. Foreign property owners in Vietnam, both resident and non-resident, are required to adhere to the same tax regulations as Vietnamese citizens. | | | | | Vietnam’s mining industry is receiving a huge amount of interest from foreign miners on reports that the country possesses the third-highest reserves of rare earths. Companies engaged in the extraction of natural resources in Vietnam are subject to tax obligations on these resources. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, November 5, 2024 | 3:00 PM ICT / 4:00 PM Singapore / 9:00 AM CET | | | | | Webinar | Tuesday, November 19, 2024 | 3:00 PM Vietnam / 4:00 PM Singapore / 9:00 AM CET | | | | | Webinar | Friday, November 1, 2024 | 4:00 PM China / 3:00 PM Vietnam / 1:30 PM India / 9:00 CET |
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