| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
| | |  |
|
|
|---|
|
| | | | As the longest holiday of the year, Tet or Vietnamese Lunar New Year, sees a surge in travel activity, leading to the temporary closure of many businesses and the organization of various planned events and festivities. In 2025, the holiday might start as early as Friday, January 24, 2025, and end as late as February 3, 2025, depending on each entity’s scheduling. | | | | | Vietnam’s solar energy market, driven by high solar potential and strong government support, plays a key role in the country’s “Net Zero” commitment, among other fields of green energy. For foreign investors, this presents a golden opportunity to tap into a rapidly growing sector with sustainable impacts. | | | | | Vietnam is emerging as a cost-effective and strategic alternative to China for manufacturing, driven by competitive labor costs, growing high-tech investments, and favorable trade conditions, making it a key “China Plus One” destination for global businesses. | | | | | Vietnam’s Law on Data will officially come into effect in the second half of 2025. This legislation introduces stricter provisions than the existing Personal Data Protection Decree, aiming to establish a robust legal framework for regulating data usage in Vietnam’s evolving digital landscape. | | | | | From a tax perspective, if a Representative Office (RO) is classified as a Permanent Establishment (PE) of its parent company, any income attributed to the RO becomes taxable in Vietnam, increasing the financial obligations of the foreign entity. Non-compliance can lead to substantial penalties, including back taxes and fines that may equal or exceed the initial tax liability. |
|
|
|---|
|
We hope you're enjoying this Vietnam Edition. To receive any of our other complimentary regional editions, including ASEAN, China, India, Middle East, or our Asia weekly round-up, you can add or change subscriptions. Or newly subscribe a friend. |
|
|
|
|---|
|
COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | Guide to Corporate Taxation and Compliance in China 2025 provides an overview of key taxes and obligations for foreign businesses in China. Ideal for CFOs, compliance officers, and accounting leads, it helps navigate complex tax regulations to effectively manage and plan China-based operations. | | | | | Whether you are a multinational corporation seeking new markets or a small business owner exploring global expansion, ‘An Introduction to Doing Business in the UAE 2025’ is your definitive resource for understanding and succeeding in one of the world’s most vibrant business environments. This issue covers corporate establishment and business closure procedures, location intelligence, tax, audit, and transfer pricing, as well as HR and payroll considerations. | | | | | With its strategic geographic position, rapidly expanding industrial infrastructure, and government initiatives aimed at enhancing the logistics environment, Vietnam offers a wealth of opportunities for both domestic and international investors. This issue of Vietnam Briefing Magazine will serve as a key resource for investors seeking to enter this dynamic market. |
|
|
|---|
|
Do you have any feedback? Our teams would love to hear from you! |
|
|
|
|---|
|
UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, January 14, 2025, 4:00 PM Vietnam, 5:00 PM China, 10:00 AM CET | | | | | Webinar | Wednesday, January 15, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Webinar | Wednesday, January 22, 2025 | 4:00 PM China / 3:00 PM Vietnam / 1:30 PM India / 9:00 AM CET |
|
|
|---|
|
|
| | ©1992-2024 All Rights Reserved. |
| For daily alerts, follow us on social |
| | | | | This email was sent to minh.pham@dezshira.com |
| You've received it because you've subscribed to our newsletter. |
| | |
|
|
|---|
|
|
|
