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Aligning transfer pricing with international norms

17 February 2020
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.

From BEPS 1.0 to BEPS 2.0

21 January 2020
BEPS 1.0 – FIRST PHASE OF THE OECD/G20 BEPS PROJECT

Transfer pricing research advised

31 July 2019
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.

Ten new decrees to guide FTA tariff cuts

22 January 2018
The finance ministry has announced 10 draft decrees that will guide implementation of as many free trade agreements (FTAs), drawing a roadmap to zero per cent import tariffs for many goods. The road map, beginning this year, will extend until 2022 for several goods and commodities for which the tariffs will undergo a gradual progression.

Thousand billions in lost tax from foreign enterprises

19 December 2017
Vietnam has lost thousands of billions of dong in taxes as foreign enterprises, especially large-scale ones, refuse to pay based on the Double Taxation Avoidance Agreement. Massive revenue without having to pay taxes

New SBV decree to ease gold trading regulations

12 December 2017
The State Bank of Việt Nam is collecting feedback for a decree on gold trading, which will include a monopoly for the central bank on accepting gold deposits. The new decree will supersede Decree No.24/2012/NĐ-CP and get rid of certain conditions for companies that make gold jewellery.

SOEs able to apply book building for IPOs in 2018

27 November 2017
HA NOI — State-owned enterprises can apply the book building method at their initial public offering (IPO) from the beginning of 2018, according to a recently issued decree. Under Decree 126/2017/NĐ-CP on SOE equitisation, Prime Minister Nguyen Xuan Phuc asked the Ministry of Finance to issue detailed instructions for implementing this method.

Lower corporate income tax rates and her incentives for small and medium nterprises

28 September 2017
A lower corporate income tax rate and other incentives will be granted to small and medium enterprises, effective 1 January 2018. These will be applicable to both foreign invested and domestic SMEs.

Second amendments to Circular 36: suitability but market discipline

7 September 2017
The State Bank of Việt Nam (SBV) has issued a draft amendment updating a new circular regulating capital ratios for the operation of credit institutions and foreign bank branches.

New circular to enhance banking supervision

17 August 2017
The State Bank of Viet Nam (SBV) has issued a new circular on banking supervision to timely prevent and settle risks to banking operations.

Asian investors control M&A activities in Vietnam

15 August 2017
Investors from Asia, specially Thailand, Singapore, Japan, and South Korea, are dominating M&A activities in Vietnam during 2016-2017, according to the researchers of Vietnam M&A Forum 2017.

New decree targets labeling violations

10 August 2017
Labels must be displayed directly on goods or their commercial packaging in easy-to-spot positions, clearly and fully showing compulsory information about the item. This is the thrust of Government Decree No 43/2017/ND-CP on labeling of Vietnamese and imported goods, which came into effect on June 1.

Updated regulations on deduction of special consumption

31 July 2017
The Ministry of Finance issued Circular 20/2017/TT-BTC (Circular 20) amending and supplementing Article 8.2 of Circular 195/2015/TT-BTC, dated November 24, 2015 detailing and guiding the implementation of some articles of the Law on Special Consumption Tax (SCT).

Level of social insurance contributions by employers

31 July 2017
The Government issued Decree No. 44/2017/ND-CP (Decree 44), dated April 14, 2017 on the rate of contribution to the Occupational Accident and Disease Insurance fund. Question: What are the regulations on level of social insurance contributions by employers?

Five firms get permits to trade in derivatives market

27 July 2017
Five brokerage firms have obtained permits from the State Securities Commission (SSC) to operate in the derivatives market. The companies are Sài Gòn Securities (SSI), VPBank Securities (VPBS), BIDV Securities (BSC), VNDirect Securities (VNDirect) and MB Securities (MBS).

New regulations on goods labels

27 July 2017
The Government issued Decree 43/2017/ND-CP (Decree 43) replacing Decree 89/2006/ND-CP on labels (Decree 89). Question: What are new regulations on goods labels?

New corporate governance model urged

26 July 2017
The Government issued Decree 43/2017/ND-CP (Decree 43) replacing Decree 89/2006/ND-CP on labels (Decree 89). Question: What are new regulations on goods labels?

New regulations on goods labels

26 July 2017
The Government issued Decree 43/2017/ND-CP (Decree 43) replacing Decree 89/2006/ND-CP on labels (Decree 89). Question: What are new regulations on goods labels?

Basic salary of public servants to increase from July

26 July 2017
The basic monthly wage of public servants will grow to VND 1.3 million (US$ 58.3) from the current level of VND 1.21 million (US$ 54.3) since July 1, 2017, according to Decree 47/2017/ND-CP (Decree 47) providing for the basic wage level for cadres, civil servants, public employees and armed forces.

Decree sets higher fines for aquatic products violations

17 April 2017
The new Government Decree 41, issued this year to replace the 2013 Decree 103, has hiked administrative fines for violations in the aquatic products sector.

Regulations on betting business

13 April 2017
Decree 06/2017/ND-CP dated January 24, 2017 (Decree 06) stipulates the business operation management and penalties for administrative violations in regards to operating a business for betting on horse and greyhound races for piloting international soccer betting within the territory of the Socialist Republic of Viet Nam.

Conditions for obtaining casino business certificates

27 March 2017
On 16 January 2017, the Government issued Decree No.03/2017/ND-CP on the Casino Business ("Decree 03"). Question: What are the conditions for obtaining a casino business certificate?

Regulations on pilot casino permission for Vietnamese people

27 March 2017
On 16 January 2017, the Government issued Decree No.03/2017/ND-CP on the Casino Business ("Decree 03"). Question: What are the pilot permission regulations for Vietnamese citizens to play in casinos? Answer: Decree 03 regulates pilot permission for Vietnamese citizens to play in casinos.

What foreign property investors need to know

27 March 2017
Mr. Greg Ohan, Director of JLL Vietnam, shares tips that foreign property investors need to know if they are looking to sell or rent out their apartments in Vietnam.

Environmental protection projects provided with capital assistance

21 March 2017
Environmental protection projects protected by the State through granting the Patent for Invention or Utility Solution will be sponsored 10% of the total investment capital for the projects.

Ministry revises circular to simplify auto imports

16 March 2017
The Ministry of Industry and Trade (MoIT) has decided to abolish a number of procedures for importers of cars with nine seats or less to simplify imports. The processes listed in the ministry’s Circular No 20/2011/TT-BTC, which took effect on June 26, 2011, are believed to have discouraged many car importers.

City officials seek tax on sales via Facebook

2 March 2017
HCM City officials are seeking ways to collect taxes from small- and home-based business owners who are selling merchandise on social media, such as Facebook, in a bid to reduce tax losses in the municipal budget.

Government’s new decree resumes race for casino licenses

1 March 2017
Many investors who gave up casino development projects some years ago are considering returning as the government has turned the green light on allowing Vietnamese to go to casinos.

New decree on trading in duty-free goods

1 March 2017
Decree 167/2016/ND-CP, dated December 27, 2016 on trading in duty-free goods (Decree 167) stipulates new regulations on subjects and conditions for buying duty-free goods, tax policy on goods at duty-free shops, and quality of duty-free goods. Question: What are the new regulations of Decree 167?

Res. 19 rehabilitates business climate

27 February 2017
Early this month, the government issued Resolution 19 on the continued improvement of Vietnam’s business climate and economic competitiveness for 2017, with a vision to 2020. Hong Sun, general secretary of the Korea Chamber of Business in Vietnam, spoke to VIR’s Thanh Tung about foreign investors’ expectations for this resolution.

New regulations on lending activities of foreign credit organizations

20 February 2017
The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers.

New regulations issued on securities margin trading

7 February 2017
The State Securities Commission (SSC) has issued new regulations on which Unlisted Public Company Market (UPCoM) shares on the Premium list will be allowed for margin trading from April this year. This decision will replace existing regulations on securities margin transactions.

Finance Ministry eyes Securities Law update

7 February 2017
The Ministry of Finance is drafting a document for the next generation Law on Securities in an effort to complete legislation for the securities market in line with the overall development scheme of the broader financial sector.

Regulations on conditional business lines

7 February 2017
Law No. 03/2016/QH14 (“Amended Investment Law”) was passed on November 22, 2016 by the National Assembly of the Socialist Republic of Viet Nam, amending and supplementing Article 6 and Appendix 4 of the Law on investment regarding the list of conditional business lines (“Investment Law 2014”).

New regulation prepares for BASEL II

7 February 2017
The State Bank of Vietnam (SBV) has issued a new circular to prepare for the application of BASEL II standards in the domestic banking system. Under Circular 41/2016/TT-NHNN issued recently, commercial banks must maintain a capital adequacy ratio (CAR) of at least 8 percent from January 1, 2020.

Guidelines on foreign employees in VN

10 January 2017
The Ministry of Labor, War Invalids and Social Affairs (“MOLISA”) on October 25, 2016 issued Circular No.40/2016/TT-BLDTBXH (“Circular 40”) guiding the implementation of some articles of Decree No. 11/2016/ND-CP dated February 3, 2016 (“Decree 11”) on foreign employees working in Viet Nam.

Tax authority promotes national online tax refund

29 December 2016
Hanoi (VNA) – The General Department of Taxation is hastening the implementation of online tax refunds on a national scale, a part of the tax reform effort, to create favourable conditions for businesses.

Vietnam issues circular on foreign workers

28 December 2016
The Ministry of Labor, Invalids and Social Affairs (MoLISA) has recently released a Circular guiding some articles of the Labor Code relating to foreign workers in Vietnam.

Ministries want guidelines for conditional business regulations

28 December 2016
HCMC – Several ministries and departments said they want guidance for implementing regulations on conditional businesses that are prescribed in the Law on Investment that has been approved by the National Assembly (NA).

TPP changes face of global market

20 October 2015
VIR - Dr. Christian Kamm - President of Kamm Investment Inc  

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