Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
According to Decree 34/2022/ND-CP (Decree 34), the order and procedures for extending payment of VAT, CIT, PIT, and land rental payments in 2022 are implemented as follows.
On 10th May 2022, the Ministry of Planning and Investment issued Circular 06/2022 guiding Decree 80/2021 on supporting small and medium enterprises (SMEs).
According to the Renewable Energy Market Update for May 2022 of the International Energy Agency (IEA), the world will produce an additional 319 gigawatts of renewable energy in 2022, achieving a new record for renewable energy capacity.
According to the Vietnam Import-Export Report 2021, although the economy has faced many difficulties, Vietnam's export turnover still recorded a high growth rate (reaching 336.31 billion USD, up 19% compared to 2020).
In the last 26 years, trade relations between Vietnam and the US have increased nearly 250 times, from 450 million USD in 1995 to more than 111 billion USD in 2021. In particular, the bilateral turnover in 2021 increased by nearly 21 billion USD compared to 2020, despite the prolonged COVID-19 pandemic and its impacts on the global supply chain.
In 2022, there are many amendments to social insurance policies. Below are the conditions for foreign workers to receive one-time social insurance, and the adjustments to voluntary social insurance contributions.
Vietnam's retirement regime in 2022 has many amendments compared to 2021 in terms of retirement age and pension calculation. To ensure compliance, both employers and employees need to be aware of changes in retirement age and how to calculate pension.
Decree 12/2022/ND-CP dated 17 January 2022 by the Government stipulates several new penalties for violations related to wages and social insurance for employers (enterprises). Thereby, it limits the situation of enterprises in violation and helps to ensure the rights of workers.
The agriculture-forestry-fishery sector increased by 2.5%, industry and construction sector was up 6.4%, the service sector rose by 4.6%, contributing 5.8%, 51% and 43% to overall economic growth, respectively.
Vietnam's economy flourishes in the first quarter of 2022 when growing by 5.03% year-on-year, most industries and sectors tend to recover and grow again.
Tax returns are declared monthly, quarterly, or annually depending on the type of taxes. According to Article 8, Decree 126/2020/ND-CP, below are the taxes and other amounts collected by tax authorities, which are declared monthly, quarterly, and annually.
Digital transformation has become a trend in the wake of COVID-19 as it is a new engine driving the country’s socio-economic development and facilitating virus response and economic recovery. Digital technology has found its way into every governmental, economic and social activity.
As a country experiencing high economic growth in ASEAN and hit hard by climate change, Vietnam has been aware of the significance of energy restructuring, towards raising the ratio of renewable energy in tandem with the economical, efficient and sustainable use of energy.
The Government has issued Resolution 11/NQ-CP on 30 January 2022 on the Socio-economic Recovery and Development Program and implemented Resolution No. 43/2022/QH15 of the National Assembly on fiscal and currency policy to support the Program.