According to Mr. Le Khanh Lam, Chairman of RSM Vietnam and Vice Chairman of the CFO Vietnam, both domestic and foreign businesses are currently facing five major tax problems.
This article is only available in Vietnamese
Power consumption in Vietnam has increased approximately 10 per cent per year on average, significantly faster than the national GDP, in order to meet the insatiable demand for more power generation and investment.
In the last few years, Vietnam has quickly become a rising manufacturing and investment destination because of its strategic location and advantages in shipping and competitive labour and production costs.
As distressing as the recent turmoil has been, the COVID-19 pandemic and the social unrest should ultimately drive corporations to become more dedicated to sustainable practices that benefit not just their investors and employees but also the community as a whole.
The purchase of a business is a complicated transaction whose eventual value is determined by a wide variety of circumstances. Le Khanh Lam, partner at RSM Vietnam, discusses how starting with a whole lifecycle approach to merger and acquisition management is the most efficient way to maximise value.
As the world begins to reactivate and reimagine itself from the impact of the pandemic, it is time to take a deep breath and assess the situation. To use a sporting analogy, we are in the tunnel ahead of what could be the biggest game of our lives. With the right strategy in place, there are great victories to be won.
Mergers and acquisitions can be an effective strategy to increase business value. Unfortunately, many transactions do not deliver their expected benefits due to a variety of breakdowns in the merger and integration process.
Vietnam has witnessed bright spots in socioeconomic development in the third quarter, including in the retail industry. The third quarter of 2020, total estimated retail sales of consumer goods and services reached VND1.3 quadrillion ($56.5 billion).
The ongoing outbreak of new Corona virus is causing great losses for many businesses and getting complicated. Encountering new stages of the pandemic, Prime Minister Nguyen Xuan Phuc signed Directive No. 11/CT-TTg on 04 March 2020 directing further actions to fight against COVID-19.
The growth of foreign-invested enterprises (FIEs) in Vietnam has recently raised increasingly complicated tax concerns. These problems arise primarily from the practical issues of determining the transaction price between FIEs and their related parties.
After two years of implementing Decree No.20/2017/ND-CP and Circular No.41/2017/TT-BTC, many Vietnam corporate taxpayers have had a harder time adjusting to new tax policies in transfer pricing and financial reporting requirements in tax finalization.