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 […]

Commerces New Mechanism for managing oil and gasoline business Draft Circular on trade defense measures Draft Circular on rules of origin of goods in the free trade agreement (Draft 2) Finance - Bank Issuing a Decision that regulates the functions, tasksm powers, and organizational structure of the Department of Planning, Finance, and Enterprise Management Immigration […]

Question: Dear Lawyer, Our company imports goods listed under the categories specified in Circular No. 41/2018/TT-BGTVT. The inspection officers have conducted an on-site check; however, the official inspection results are not yet available in the National Single Window system. Could you review and advise us whether moving the goods out of the registered storage location […]

Question: Our company, a foreign-invested enterprise operating in the fashion retail sector, currently has a retail outlet in District 3, Ho Chi Minh City. We are planning to open a new retail outlet in a booth around 100m2 within a shopping mall in this area. Could you please advise on the steps required to proceed […]

Question: Our company intends to import coating powder (powder coating) for distribution in Vietnam. Please advise on the HS code to be used when importing this item. Answer: Regarding the request for advice on HS codes of powder coating products, our opinion is as follows: Based on the customer’s preliminary description, according to the current […]