News & Updates

Vietnam seems to have found a more comfortable position by balancing between China and the United States. In his keynote speech at this year’s Asia-Pacific Economic Cooperation meeting (APEC), U.S. President Donald Trump sent a clear message to the Asia-Pacific nations, asking them to take care of themselves by putting their countries first, just like he is “always going to put […]

Vietnam is set to meet its target of 6.7 percent economic growth this year inspite of encoutering severe natural disasters, and expects to see the same rate of expansion next year. At the National Assembly’s opening session in Hanoi, Vietnam’s prime minister Nguyen Xuan Phuc highlighted the country’s fast growing economy. Manufacturing output rose 12.8 percent in […]

If you are doing business in Vietnam (with or without a legal entity), tax compliance matters deserve your due attention. Do also note that the legislation and practice at times develop in different directions, which can be very confusing. Many taxpayers find it difficult to ensure that all compliance requirements are satisfied and have to […]

Foreign contractors (or any corporate parties deriving income in Vietnam) are subject to taxes on payments for work done in Vietnam based on the contracts signed between them and a Vietnamese partner(s) in the form of the foreign contractor tax (FCT), value added tax (VAT) and corporate income tax (CIT). CIT-liable income is determined on […]

The rapid growth of Vietnam’s export-oriented manufacturing sector has boosted demand for logistics services. However, the local logistics sector has largely failed to fully meet demand. As a result, many enterprises are now looking for the opportunities to join the sector.The Word Bank in late 2015 forecast economic growth of 12 percent by 2020 with […]

A couple of years ago, foreign investors expected a surge in healthcare demand in Vietnam. This was because Vietnam has a growing population and rising incomes. However, this surge didn’t really materialize. Part of the problem was that the Vietnamese weren’t willing to spend a lot of money on healthcare, there was a lack of […]