Business News

[30-10-2015] Regulations on business registration, real estate business, medium-term forest protection, visa exemption for Vietnamese expatriates, and female labor are among new polices that take effect in November.

[02-11-2015] This decree applies to all companies, credit institutions established in Vietnam (including foreign invested) and Vietnamese individuals. "Investment offshore" is defined as the remittance of capital overseas by the investor; or the payment in part or in whole of a business establishment by the investor; or the establishment of ownership or title by the investor to carry out business activities outside Vietnam; and at the same time participation by the investor directly in the management of such activity.

[29-10-2015] Did you know that the new company and investment laws in Vietnam provide for new formalities to set up a business in Vietnam? DN's new guide sets out the various legal structures available for setting up a presence/business in Vietnam and the new legal requirements.

[27-10-2015] Readers will be aware from our earlier NewsBriefs dated 16 January and 6 December 2013 that employers in Vietnam are required to pay trade union fees (“TUF”), and this requirement applies regardless of whether the company concerned has an in-house trade union or not.

[16-10-2015] On 12 October 2015, the Hong Kong Government published an update regarding its proposal for the implementation of automatic exchange of information ("AEOI") in Hong Kong. This update identifies certain changes the Government has adopted into its proposal following the comments it received during a public consultation process that took place from April to June this year.

[16-10-2015] Recently, Hanoi Department of Taxation ("HDT") and Ho Chi Minh Department of Taxation ("HCMDT") have issued a number of Official Letters ("OL") guiding VAT liability on income of foreign contractors from the transfer of trademark-use rights (OL No. 3159/CT-TTHT dated 15 April 2015 and OL No. 53638/CT-HTr dated 14 August 2015).

[02-10-2015] On 1 September 2015, the General Department of Taxation (“GDT”) has issued Decisions 1574/QD-TCT and 1575/QD-TCT announcing the establishment of transfer pricing (“TP”) inspection teams at GDT and some major Provincial Departments of Taxation. These TP inspection teams will officially start their operation from 1 October 2015.

[28-09-2015] The information on Value Added Tax has been updated with the issuance of the recent Circular 26/2015/TT-BTC. For further information, please download our Brochure on Value Added Tax. Now these publications are available: