Business News

The finance ministry has proposed to take over the management of the Enterprise Arrangement and Development Support Fund from the State Capital Investment Corporation (SCIC) to improve its efficiency.

In this newsletter, Grant Thornton Vietnam would like to update you on the tax regulations on deals between individuals doing business with Uber, Agoda.com, Traveloka.com, Booking.com, Expedia.com... as follows:

The 27th Việt Nam Expo, scheduled to take place April 19-22 in the capital city, assumes added significance given the “special context” in which it is happening, organisers say.

Unlike in previous years, credit had risen to a record high of 3.14% in the year to March 23 compared to end-2016, up from 1.79% in the same period last year, according to the central bank.

Tan Phu Trung Industrial Zone is located in the Northwest of Ho Chi Minh City, planned to be a trade gateway to global trade of the city and the southern key economic zone. After more than 10 years of construction and development, as a catalyst for boosting economic, trade and investment cooperation between Ho Chi Minh City of Vietnam and international partners, Tan Phu Trung Industrial Zone has made positive contributions to the overall industrial output value of Ho Chi Minh City.

The Prime Minister has given the nod to several revisions to the development planning of industrial zones in Ha Nam province by 2020. Specifically, the PM approved the expansion of the Dong Van I and II industrial parks to 371ha and 339ha, up 162ha and 18ha, respectively.

Newly-constructed inland container depots (ICD) must have a minimum area of five hectares and be up to environmental protection and fire and explosion prevention standards.

The Government of Vietnam has officially issued Decree No. 20/2017/ND-CP dated 24 February 2017 (“Decree 20”) guiding tax compliance for enterprises having related party transactions. The Decree will be effective from 1 May 2017.