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GRÃœNKORN & PARTNER LAW - NEW VIETNAMESE REGULATIONS ON PERSONAL INCOME TAX
Tax
• Foreign Contractor Withholding Tax, 24 pages, March 2015
• Corporate Income Tax, 43 pages, April 2015
• Value Added Tax, 29 pages, April 2015
• Personal Income Tax, 31 pages, April 2015
Business
• Logistics Regulations in Vietnam, 12 pages, October 2014
• Work Permits, Visa and Temporary Resident Cards for Foreigners working in Vietnam, 22 pages, February 2015
• Business and Investment in Vietnam, 30 pages, November 2014
• Wind Energy, 13 pages, March 2015
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Grünkorn & Partner Law Co., Ltd
3rd Floor Viconship Building
6-8 Doan Van Bo Street, District 4, Ho Chi Minh City, Vietnam
Tel.: +84 (0) 8 6 261 8231; Fax.: +84 (0) 8 6 261 8218
email: info@lawyer-vietnam.com
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VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
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2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
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FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
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CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
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GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
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FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.