Balance to find with overtime reform in Vietnam

Balance to find with overtime reform in Vietnam

(Vietnam) Over the past year at least, enterprises have faced serious issues in business development and production, especially those in the seafood, footwear, or textile industries. Realising these problems, the Vietnamese government has proposed to increase overtime hours for employees, which could contribute to stabilising production and business, as well as creating momentum for development….

Amend the Law on Personal Income Tax in Vietnam

Amend the Law on Personal Income Tax in Vietnam

The Law on Personal Income Tax during the implementation process has revealed many shortcomings, such as the reduction of family circumstances which is too low compared to spending levels, many tax levels and high taxes compared to income. Therefore, experts have made many proposals, including raising the deduction for family circumstances to 20 million dong….

Real estate tax collection: Clearing legal gaps to avoid “tax evasion”

Real estate tax collection: Clearing legal gaps to avoid "tax evasion"

It can be seen that in the Vietnam real estate market in recent years, many individuals and businesses when dealing in real estate, most of them try to declare a lower price than the notarized contract for the purpose of tax evasion. Besides the people’s low sense of self-discipline to fulfill their tax obligations, more…

Regulations on unpaid leave of employees in Vietnam

Regulations on unpaid leave of employees in Vietnam

Covid-19 has created many heavy impacts on society. If an employee is forced to take time off work for the treatment of an illness, they must first take sick leave. If the maximum number of sick leave days is exhausted, they need to use the remaining full paid leave days, normally 12 days per year….

Thailand considers imposition of anti-dumping tax on coated steel and color coated steel in Vietnam

Thailand considers imposition of anti-dumping tax on coated steel and color coated steel in Vietnam

According to information from the Department of Trade Remedies (Ministry of Industry and Trade), Thailand’s Ministry of Foreign Trade (DFT) has recently announced that it will review at the end of the period the anti-dumping duty (CBPG) order on two products: coated aluminum alloy steel and color coated steel imported from Vietnam. Thailand is considering…

Vietnam’s Bidding Law should be revised to be suitable the worldwide market

Vietnam's Bidding Law should be revised to be suitable the worldwide market

The amendment of the Bidding Law aims to update regulations in line with the free trade agreements (FTAs) that Vietnam is a member of, create a favorable business environment, and promote innovation. Urgent requirement for comprehensive revision The promulgation and implementation of the Law on Bidding together with relevant laws have created an important legal…

Franchise matters when famous brands announce withdrawal from Russia

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A series of American and Western brands such as Subway Russia, McDonald’s, KFC, Taco Bell, Pizza Hut have announced their withdrawal from Russia. Is this said to be even possible? Answering this question sheds light on other aspects of franchise and global expansion through this transcendent business model. 1. A Series Of World Famous Brands…

6 cases of doing real estate business without establishing a company in Vietnam

6 cases of doing real estate business without establishing a company in Vietnam

When doing real estate business, in addition to the fact that real estate must meet certain conditions, the business owner must establish a business and post-project information. However, there are still cases where the real estate business is not required to establish a company (enterprise). When is the real estate business not required to establish…

Vietnam continues to attract FDI enterprises

Vietnam continues to attract FDI enterprises

Despite adverse effects from the COVID-19 pandemic, foreign investors still put their faith in Vietnam’s economy and investment environment. Nearly 5 billion USD of direct investment capital from FDI enterprises was attracted into Vietnam in the first 2 months of 2022 is a positive signal. Timely decisions of the Government such as Resolution 105/NQ-CP, Resolution…

Procedures for supervision and assessment foreign investment activity in Vietnam

Procedures for supervision and assessment foreign investment activity in Vietnam

The Ministry of Planning and Investment has just issued Circular 02/2022/TT-BKHDT guiding the supervision and assessment of an investment in foreign investment activities in Vietnam, effective from April 1, 2022. Guidelines for supervision and assessment of foreign investment activities in Vietnam This Circular stipulates the supervision and assessment of investment for foreign investment activities in…

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