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Economy & Trade

Vietnam and Czechia Elevate Relations to Strategic Partnership

02/07/2025

On January 20, 2025, Vietnam and Czechia upgraded their relations to a Strategic Partnership, deepening bilateral ties and investment.

Vietnam’s Carbon Market Development: Objectives and Implementation Plan Under Decision 232

02/04/2025

On January 24, 2025, Vietnam’s Prime Minister issued Decision No. 232/QD-TTg, approving a project to develop the country’s carbon market.

Vietnam's Tourism Boom During Tet 2025: Leading Destinations and Insights

02/03/2025

We look at the numbers behind Vietnam's tourism sector boom during the Tet 2025 holidays, with 8 localities earning more than VND 1 trillion.

How to Establish a Bonded Warehouse in Vietnam

01/28/2025

We discuss requirements for businesses interested in establishing a bonded warehouse in Vietnam, including necessary steps, documents, and regulations.

Vietnam Seeks Early Accession to the OECD

01/24/2025

Vietnam seeks to join the OECD to align its policies with international best practices and governance standards and boost investor appeal.

Vietnam’s Trade Performance in 2024: How to Read the Data

01/16/2025

Vietnam's trade performance in 2024 sees more firms investing in the country as a China+1 production base amid global economic challenges. Vietnam became China’s third-largest export destination for the first time last year showing a rise in its strategic value.

Tax & Accounting

Vietnam’s New VAT Law: Key Compliance Guidance

02/20/2025

We examine Vietnam's new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country's VAT regulations, along with recent clarifications by the Ministry of Finance.

How Vietnam Will Implement the Global Minimum Tax: Draft Decree Guiding Resolution 107

02/18/2025

We discuss the Vietnam draft decree outlining the implementation of Resolution 107 and the Global Minimum Tax (GMT) under GloBE rules, introducing tax administration requirements and CIT measures to combat tax avoidance by MNCs.

Understanding the Updates to Vietnam's Tax Codes in 2025

02/06/2025

Effective February 6, 2025, Circular 86/2024/TT-BTC will replace Circular 105/2020/TT-BTC, which previously governed tax registration procedures in Vietnam.

Vietnam’s Personal Tax Code: Key Changes under Circular 86

01/29/2025

Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.

An Overview of Vietnam’s Environmental Protection Tax in 2025

01/03/2025

On the books since 2010, Vietnam’s Environmental Protection Tax has been a key pillar of Vietnam’s transition to a cleaner, greener economy. In this article, we break down the key details foreign investors should know.

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.

Legal & Regulatory

Dispute Resolution Methods in Vietnam and the Advantages of Arbitration

02/18/2025

We discuss common dispute resolution methods in Vietnam, existing legal frameworks, and challenges faced by foreign stakeholders. In particular, we highlight the advantages of arbitration in resolving business conflicts.

Vietnam’s Regulatory Framework for Corporate Restructuring

02/17/2025

Vietnam’s regulatory framework for corporate restructuring is comprehensive, balancing the need for corporate flexibility with the protection of stakeholders. We discuss key legal stipulations and compliance obligations.

Vietnam’s Amended Pharmaceutical Law: Navigating the Key Changes

02/11/2025

Vietnam’s amended Law on Pharmacy, set to take effect on July 1, 2025, introduces key reforms to modernize the pharmaceutical sector. The new provisions expand e-commerce sales, streamline drug registration, enhance market access for foreign-invested enterprises (FIEs), and improve price transparency.

Why Companies in Vietnam Choose to Restructure Their Businesses

02/05/2025

Businesses in Vietnam, both domestic and foreign-invested, may pursue restructuring for various reasons. We discuss options under Vietnam law.

Vietnam’s Carbon Market Development: Objectives and Implementation Plan Under Decision 232

02/04/2025

On January 24, 2025, Vietnam’s Prime Minister issued Decision No. 232/QD-TTg, approving a project to develop the country’s carbon market.

Vietnam’s AI Sector in 2025: Regulatory Frameworks and Opportunities for Investors

01/31/2025

We discuss Vietnam's growing AI sector, regulatory developments expected in 2025, and highlight key regional players. With government-backed incentives and a proposed regulatory sandbox, the outlook for digital technology investors is promising.

Industries

Industrial Zones in Vietnam: 2025-2030 Growth Outlook

02/11/2025

With over 400 planned industrial zones and an 80 percent occupancy rate, Vietnam’s industrial real estate market is set for substantial growth, with development plans through 2030 reinforcing its status as a key Southeast Asian production hub.

Vietnam’s Carbon Market Development: Objectives and Implementation Plan Under Decision 232

02/04/2025

On January 24, 2025, Vietnam’s Prime Minister issued Decision No. 232/QD-TTg, approving a project to develop the country’s carbon market.

Vietnam’s AI Sector in 2025: Regulatory Frameworks and Opportunities for Investors

01/31/2025

We discuss Vietnam's growing AI sector, regulatory developments expected in 2025, and highlight key regional players. With government-backed incentives and a proposed regulatory sandbox, the outlook for digital technology investors is promising.

Vietnam’s 2030 Vision: Investment Opportunities in Education, Training, R&D

01/27/2025

Vietnam’s 2030 goals in education, training, and science & technology present various opportunities for international collaboration in R&D, higher education, EdTech, and sustainability.

HCMC Metro Planning and Transit-Oriented Development: Opportunities for Foreign Investment

01/21/2025

Ho Chi Minh City is addressing worsening traffic congestion through metro planning, creating essential infrastructure for sustainable urban growth and attractive opportunities for private investors.

Vietnam Manufacturing Tracker

01/16/2025

This Vietnam Manufacturing Tracker offers the latest data, insights, and policy updates to keep foreign investors and analysts informed about the industry. It was last updated January 2025.

HR & Payroll

Vietnam’s Legal Framework for Probationary Contracts: Implications for Businesses

02/19/2025

The Vietnamese government regulates probationary contracts to protect workers' rights, with a clear legal framework in place for the initial employment phase. This article examines the types of probationary contracts in Vietnam and their corresponding social insurance obligations.

Vietnam's 2025 Job Market: Opportunities and Challenges

02/12/2025

Vietnam's 2025 job market post-Tet is set for dynamic shifts, with increased hiring and job mobility across sectors. We present key market insights from HCMC, Hanoi, and prominent industrial hubs.

Vietnam’s Personal Tax Code: Key Changes under Circular 86

01/29/2025

Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.

Commuting During Tet: Strategies for Businesses in Vietnam

01/20/2025

With Tet approaching, businesses in Vietnam are urged to adopt strategies to navigate severe traffic congestion in major cities like Hanoi and Ho Chi Minh City as authorities work to alleviate gridlocks.

Vietnam’s New Trade Union Law: Key Changes and Foreign Workers’ Rights

01/03/2025

We examine Vietnam’s New Trade Union Law, which will come into force from July 1, 2025, and is expected to bring about notable changes to protect the rights of foreign workers in Vietnam.

Working in Vietnam as an Expat: A Quick Guide

12/24/2024

Thinking about moving to Vietnam? Here's a quick guide to get you started living and working in this booming Southeast Asian nation.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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