NATURAL RESOURCE
Since it began offshore oil exploration in the 1970s, Vietnam has become a net exporter of crude oil, while gas and petroleum reserves, coal reserves, and the harnessing of hydropower electricity provide other readily available sources of power. Minerals located in Vietnam include iron ore, tin, copper, lead, zinc, nickel, manganese, marble, titanium, tungsten, bauxite, […]
SUPPORTIVE GOVERNMENT POLICY
Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors. We are doing so by vigorously renovating the business and investment climate, and by recognizing […]
ECONOMIC STRENGTH
Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector. Vietnam has achieved substantial progress in economic development following the declaration by the Sixth Party Congress, in 1986, of a broad economic reform package called “Doi Moi”, or “renovation” which […]
TAXATION & CUSTOMS
D.1 Corporate Income Tax (CIT) CIT rates One uniform income tax regime is applied to both foreign-owned and domestic companies. Taxpayers are subject to tax rates provided in the CIT Law. The standard CIT rate effective from 1 January 2009 is 25%. Oil and gas companies and companies involved in exploitation of precious minerals are […]
Labour recruitment by a Foreign Investment Enterprise (FIE)
Under the 2012 Labor Code, a FIE may either directly recruit Vietnamese employees or recruit via an authorized labor agency. The FIE is then required to register the list of recruited Vietnamese employees with the local labor department, and submit reports on the utilization of and changes to staff to the labor department on a […]
FDI INCENTIVES
What are forms of investment incentives? Investment incentives are provided in the following forms: 1.1. lower tax rates for whole duration of investment term or part thereof; exemption from and reduction of tax rates; 1.2. import duty exemption for fixed assets; and 1.3. reduction/exemption of land rental. Which projects are eligible for investment incentives? 2.1. […]
Business cost
I-Starting a Business No. Procedure Associated Costs 1 Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment $9.52 2 Make a company seal $7.85 – $17.61 for bronze seal 3 Registration of the seal-sample at the Police […]
Buying a property in Vietnam and visas
Question: Good day, I need some information about buying a property in Vietnam and visas. With the tourist visa, can I still buy a property in Vietnam? Can you give me all the information about this please? Also if it is possible to buy a property, then can I apply for another kind of visa, so […]
Inquiries for consulting service
Question: I’m in charge of FDI company in Vietnam. Our enterprise has established since November 2016 and still in completion progress. I would like to seek for a law firm to provide consulting service as we don’t have Compliance Department. Besides, I would like to seek for service to have Legal representative based in HCM City. […]