There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…
From the effective date of Circular No. 01/2021/TT-BKHDT (May 1, 2021), the forms in the enterprise registration application specified in the appendix issued together with Circular No. 01/2021/TT-BKHDT is hereby applied nationwide. According to Mr. Huynh Van Toan (HCMC), Decree No. 122/2020/ND-CP dated October 15, 2020, of the Government, stipulates the coordination of the procedures…
Real estate in Vietnam is one of the fields that many foreign investors are interested in. However, this activity is being restricted by many current laws. There are two business activities that foreign investors are not allowed to do while domestic investors are still able to do so. First, foreign investors are not allowed to…
(Published on Vietnam Investment Review). In recent years, Vietnam has been actively improving investment policies as well as enhancing the legal framework for mergers and acquisitions (M&A) activities. The following article shall point out keys to M&A attraction in Vietnam. Besides, it is also one of the countries that have been able to control the COVID-19…
If enterprises do not follow the principle of late payment penalty, the enterprises will abuse the value-added tax refund (VAT) until being forced to re-pay. Recently, the Vietnam Association of Seafood Exporters and Producers (VASEP) reflected that enterprises exporting seafood products are entitled to VAT refund. However, after a while, because for some reason, the…
In the first 4 months of 2021, the total foreign investment capital into Vietnam reached 12.25 billion USD. (99.3% compared to the same period in 2020) Data from the Foreign Investment Agency, as of April 20, 2021, the total newly registered capital, adjusted and contributed capital to buy shares of foreign investors reached 12.25 billion…
Foreign direct investment (FDI) capital from CPTPP member countries in 2019 and 2020 reached nearly $ 21.3 billion. Singapore and Japan are the countries with the largest investment. The 2-year report on the implementation of the Comprehensive Progressive Trans-Pacific Partnership (CPTPP), an assessment from an enterprise perspective conducted by VCCI shows a specific picture of…
The IMF raised its forecast of global economic growth to 6%, showing a bright outlook for the world economy in 2021. That will certainly have a positive impact on Vietnam’s economy. It is also important to reiterate that this is the highest growth rate since the 1970s, mainly due to the unprecedented policies of countries…
The Washington Times has launched a special report on FDI in Vietnam by an interview with Managing parter of ASL LAW, Lawyer Pham Duy Khuong. Vietnam’s impressive management of the Covid19 pandemic and the fact that the ASEAN region becomes an important part of the global economy, are drawing increasing interest from American investors for…
(Published on Vietnam Investment Review). With the rapid development of digital platforms in the era of Industry 4.0, many companies have been established such as Grab, Now, and GHN Express, which create convenience for customers and jobs for millions of people in Vietnam. And there have already been plenty of people making money working on…