ASIA BRIEFING

Economy & Trade

Driving Growth: Business Opportunities in Vietnam's North-South High-Speed Railway Project

12/10/2024

We explain how Vietnam's North-South high-speed railway project will upgrade its underdeveloped rail system and boost logistics performance.

Vietnam’s Top Investors and FDI Beneficiaries – January to November 2024

12/09/2024

Vietnam’s top investors in 2024 (January-November) were Singapore with US$9.14 billion, followed by South Korea, China, Hong Kong, and Japan, dominating 77 percent of total investments.

Vietnam-Singapore Partnership Advances with Focus on Sustainability, Investment, and Trade

12/09/2024

Vietnam and Singapore seek to upgrade bilateral ties to a comprehensive strategic partnership, focusing on sustainable economic cooperation, legislative collaboration, and emerging sectors like green logistics and clean energy.

Investing in Vietnam's Modernizing Logistics Sector - New Publication Out

12/03/2024

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.

Nam Dinh Province Announces It Will Develop Two New Industrial Clusters

11/27/2024

The Red River Delta province of Nam Dinh is set to expand its industrial landscape with the establishment of two new industrial clusters: Thang Cuong and My Thuan.

2024 Vietnam-South Korea Investment Forum Seeks Greater SME Engagement, R&D Collaboration

11/27/2024

The Vietnam-South Korea Investment Cooperation Forum 2024 discussed expanding SME collaboration and integrating Vietnamese SMEs into global value chains. The Vietnamese government urged South Korean businesses to support this integration and establish R&D centers in Vietnam.

11/22/2024
Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA): Key Details

Vietnam Briefing
11/15/2024
Op-Ed: Trump 2.0 Will Benefit Vietnam – But Only if Trade Surpluses Avoid Populist Backlash

Vietnam Briefing
11/13/2024
Vietnam's Agri-Export Trade Soars in 2024, Showing Scope for Foreign Investment

Vietnam Briefing
11/07/2024
Vietnam Eases Foreign Access to Stock Market, Removes Pre-Fund Requirements for Stock Transactions

Vietnam Briefing
11/04/2024
Why Is Vietnam’s Economy Growing So Fast?

Vietnam Briefing

Tax & Accounting

Q&A: Personal Income Tax Finalization in Vietnam

12/19/2024

We touch on some frequently asked questions on the personal income tax (PIT) finalization obligations of employers and employees in Vietnam, including deadlines.

Vietnam’s Draft Excise Tax Law: Implications for Stakeholders

12/12/2024

Vietnam's draft excise tax law introduces new bases for calculating the special consumption tax and will impact new goods and services.

Vietnam’s 2024 VAT Law: Key Provisions and Changes to the VAT Regime

12/11/2024

Vietnam’s 2024 Law on Value-added Tax (VAT) will take effect from July 1, 2025 and the 2% reduced VAT regime is extended till end June 2025.

Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of June 2025

12/02/2024

The Vietnam government has agreed to extend the 2 percent VAT reduction on specific goods and services till the end of June 2025.

Avoiding PE Risks in Vietnam: Best Practices for Foreign Representative Offices

11/18/2024

To avoid triggering Permanent Establishment (PE) status, investors must thoroughly understand Vietnam's regulatory framework for representative offices (ROs) and PEs. This ensures compliance, minimizes tax liability, and mitigates legal risks.

Stuck in Vietnam? A Guide to Exit Delays Over Tax Obligations

11/12/2024

We examine the reasons authorities may temporarily restrict individuals from exiting Vietnam due to tax debts and outline key steps to help avoid these situations.

11/05/2024
Vietnam’s Property Tax Regime 2024

Vietnam Briefing
10/29/2024
Tax Obligations for Resident and Non-Resident Property Owners in Vietnam

Vietnam Briefing
10/28/2024
Special Consumption Tax in Vietnam 2024

Vietnam Briefing
10/25/2024
E-Invoice Compliance in Vietnam: Regulations, Requirements, and Best Practices

Vietnam Briefing
10/24/2024
Vietnam’s Natural Resource Tax 2024

Vietnam Briefing

Legal & Regulatory

Vietnam Amends 9 Laws: Major Changes to Financial & Tax Regulations

12/05/2024

Key changes to existing regulations on securities, accounting, independent audits, tax management, and personal income tax are expected to have a significant impact on Vietnam's business and investment environment.

Vietnam National Assembly Approves Law on Data

12/05/2024

On November 30, 2024, the Vietnamese government approved the new Law on Data, to come into effect July 1, 2025.

Vietnam’s New Internet Regulation: Decree 147/2024

11/28/2024

Vietnam's new Decree No. 147/2024 introduces stringent regulation for internet services, imposing stricter compliance on onshore and offshore providers and reshaping access, content moderation, and user data management.

Vietnam’s School Education Sector: Foreign Investment Scope and New Regulatory Changes

11/26/2024

Vietnam's school education sector presents strong foreign investment potential, fueled by rising demand, supportive policies, and tax incentives. Decrees 124 and 125, effective November 20, 2024, enhance oversight and operational and investment considerations.

Vietnam's Decree 115: Bidding Requirements for Land-Use Projects

11/11/2024

Vietnam's Decree 115 creates a strong legal framework for investor selection and bidding in land-use projects. We discuss key provisions.

Foreign Investment Considerations for Project Companies in Vietnam

11/06/2024

Specific regulatory requirements and restrictions apply to foreign investors aiming to establish or acquire project companies within Vietnam.

10/22/2024
Setting Up an FDI Company in Hung Yen Province, Vietnam

Vietnam Briefing
10/16/2024
Vietnam’s On-Spot Export and Import Regime

Vietnam Briefing
10/15/2024
Vietnam Draft Decree on Rooftop Solar Power: New Opportunities on the Horizon for Investors

Vietnam Briefing
10/04/2024
Vietnam Visa Costs: What You Need to Know in 2024

Vietnam Briefing
10/03/2024
Proposed Vietnam Industrial Classification System Prioritizes Green Economy

Vietnam Briefing

Industries

Vietnam Manufacturing Tracker: 2024-25

12/20/2024

The 2024-25 Vietnam Manufacturing Tracker offers the latest data, insights, and policy updates to keep foreign investors and analysts informed about the industry.

Vietnam’s Solar Energy Market: A Comprehensive Outlook for Investors

12/16/2024

Vietnam’s solar energy market, bolstered by high potential and government support, offers foreign investors a prime opportunity to contribute to the country’s "Net Zero" goals and green energy growth.

NVIDIA Expansion into Vietnam: Potential for AI Sector Growth

12/11/2024

NVIDIA, a leading American AI computing company, has recently shown strong interest in Vietnam's market alongside other technology giants expanding into Southeast Asia.

Nghệ An Province Approves US$590 Million Singaporean Textile Investment

12/04/2024

The Mega Textile-Việt Nam factory, to be constructed in the Thọ Lộc Industrial Park within the Southeast Nghệ An Economic Zone, will cover 51 hectares. It is set to produce 67,200 tonnes of fabric, 10,300 tonnes of knitted goods, 7,200 tonnes of coloured yarn, 130 million clothing items, 100 million belts, and 2.2 million semi-finished products annually.

Vietnam and China Manufacturing: Key Comparisons for Business Strategies

12/04/2024

As companies seek to diversify their supply chains, Vietnam has become a prominent “China Plus One” destination, offering businesses a strategic manufacturing base in Asia.

Vietnam’s School Education Sector: Foreign Investment Scope and New Regulatory Changes

11/26/2024

Vietnam's school education sector presents strong foreign investment potential, fueled by rising demand, supportive policies, and tax incentives. Decrees 124 and 125, effective November 20, 2024, enhance oversight and operational and investment considerations.