Hanoi’s Push to Become Southeast Asia’s Semiconductor Hub
Hanoi, the capital of Vietnam, is taking measures to realize its ambition to become a hub for semiconductor production in Vietnam by 2050.
Key Tax Changes for Foreign Firms in Vietnam
Changes to several taxes in Vietnam have taken effect in 2024. Some of these changes have been made to provide economic stimulus, whereas others have been made to bring Vietnam’s tax policies in line with international tax regimes.
Elevating Air Connectivity: Vietnam’s Airport Investment Drive
Vietnam is investing heavily to renovate and build new airports as it seeks to compete to become a regional hub for international travelers with its neighbors in Southeast Asia.
A Guide to Tax Obligations for Non-Resident Property Owners in Vietnam
Foreigners who owns a rental property in Vietnam must understand their tax reporting and remittance obligations.
Service Contracts in Vietnam: What You Need to Know
Service contracts in Vietnam are a flexible alternative for firms to find human resources support and staff time-bound or specialized projects.
Audit and Compliance in Vietnam: A Guide for Foreign Investors
Foreign-owned enterprises and representative offices are obligated to have their annual statements audited.
Vietnam Bolsters Regional Financial Links through Connectivity Payment Initiative
Vietnam officially joined ASEAN’s Regional Payment Connectivity initiative, which aims to enhance cross-border payment systems in the region.
Vietnam Implements Enhanced Regulations on Foreign Bank Branch Lending Activities
The State Bank of Vietnam issued Circular 06/2023 which introduces stricter control over the lending activities of foreign bank branches in Vietnam.
A Closer Look at Vietnam’s Anti-Money Laundering Law
Vietnam’s updated Anti-Money Laundering Law went into effect in March 2023. The Law aims to prevent financial crimes in the financial system.
Vietnam to Ease Visa Requirements to Boost Tourism Industry
Vietnam is seeking to ease visa requirements for foreign visitors. Among the changes being discussed is increasing the duration of e-visas to 45 days.