VAT Rate Applicable to Sales Revenue in Vietnam Question: For sales to local customers in Vietnam, what is the VAT rate? Answer: According to the current regulations of Vietnamese law, value-added tax (VAT) for wholesale trade services of machinery, equipment, and electronic components (based on the company's business lines) is applied at a tax rate […]

Our company is a joint-stock company established on August 1, 2024, with a registered charter capital of VND 10 billion. According to regulations, founding shareholders must contribute the committed capital within the legally prescribed period. However, to date, some shareholders have not fully contributed their capital. In this case, is the company violating capital contribution […]

Question: I am a Vietnamese citizen currently working in Canada and have completed the procedures for obtaining Canadian citizenship. However, I have not yet renounced my Vietnamese citizenship. Since my wife and children still reside in Vietnam, I will frequently stay there temporarily while working in Canada. I would like to ask what procedures I […]

Question: Our company is a foreign-invested economic organization and is conducting a share transfer transaction. According to regulations, our company is not required to register for share acquisition. However, when executing the transaction at the bank, we were asked to provide the approval letter for share acquisition from the Department of Planning and Investment. In […]

Question: Our company is wondering whether it is mandatory to issue regulations on salary, bonus, allowances, and the Collective Labor Agreement (CLA). If we do not implement these regulations, what legal risks might we face? Answer 1. Collective Labor Agreement (CLA) – Is It a Mandatory Document? According to Clause 1, Article 75 of the […]