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Zero Import Duties for Cambodian Goods in Two Years

07-May-2014 Intellasia | VCCI | 6:00 AM

The Ministry of Finance has issued a list of Cambodia-originated goods imported into Vietnam to be imposed a specially preferential import duty, 0 percent. The majority are [...]
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VAT refunds okayed for farm produce importers

06-May-2014 Intellasia | Saigon Times Daily | 6:00 AM

The Ministry of Finance has allowed agricultural product import enterprises to have a 5 percent value added tax (VAT) rate refunded when they complete all the procedures for [...]
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Profits can go abroad after paying due dues

26-Apr-2014 Intellasia | Bizhub | 6:00 AM

To create a safe investment environment for foreign investors, Vietnamese laws guarantee their right to legally transfer profits abroad after completely discharging their [...]
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SBV Guides Foreign Borrowing Conditions

23-Apr-2014 Intellasia | StoxPlus | 6:00 AM

The State Bank of Vietnam (SBV) has just issued Circular guiding businesses not guaranteed by the government that want to borrow foreign capital, local newswire Business [...]
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Majority shareholders in banks disallowed to borrow to invest in shares

23-Apr-2014 Intellasia | TBKTSG Online | 6:00 AM

Majority shareholders and founding shareholders of banks are not allowed to borrow capital to invest in shares. Members of the board of directors, general director, deputy [...]
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Legal Advice: Commercial remedies in Vietnam

23-Apr-2014 Intellasia | VNS | 6:00 AM

In commercial activities, agreements between parties are often recorded in a contract. Although the parties are legally obliged to comply fully with the contract, breach of [...]
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Legal Advice: Vietnam’s regulations on overseas remittance of profits

22-Apr-2014 Intellasia | Vietnamnet | 6:00 AM

Overseas remittance of profits has become one of the biggest issues of concern for foreign investors in Vietnam. To create a safe investment environment for foreigners, [...]
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HCM City refunds $1.4m of VAT for foreigners

19-Apr-2014 Intellasia | VNA | 6:00 AM

HCM City has refunded over 30 billion VND (1.4 million USD) of value added tax (VAT) to foreigners exiting Vietnam through the Tan Son Nhat International Airport border gate [...]
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Two largest gold mines forced to pay taxes

18-Apr-2014 Intellasia | Customs | 6:00 AM

The Tax Bureau of the central province of Quang Nam has decided to take coercive methods to collect taxes from the two biggest gold mining firms in Vietnam, Phuoc Son and [...]
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Legal Advice: Rights of investors in Vietnam

17-Apr-2014 Intellasia | PLF | 6:00 AM

Right to select investment sectors, forms of investment, methods of raising capital, location, scale, co-investors and operation duration of such investment project in [...]
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Circular outlines IT spending criteria

17-Apr-2014 Intellasia | VNS | 6:00 AM

The Ministry of Information and Communications (MIC) has issued Circular No. 01/2014/TT-BTTTT (February 20, 2014) that provides the criteria and list of domestic information [...]
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Vietnam mulls issuing VAT refunds to foreigners at more exit terminals

11-Apr-2014 Intellasia | Tuoi Tre News | 6:00 AM

The Ministry of Finance is seeking government approval for a new circular to give VAT refunds to foreigners who leave Vietnam through many other airports and seaports rather [...]
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How should a foreign-owned company in Vietnam be named?

11-Apr-2014 Intellasia | PLF-LAW FIRM | 6:00 AM

According to the Law on Enterprises (2005), each company’s name must be written in Vietnamese, including the foreign enterprise’s name. Foreign-owned enterprises [...]
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HCM City taxman to launch tax probes into 20 celebrities

09-Apr-2014 Intellasia | Saigon Times Daily | 6:00 AM

The HCM City Department of Tax will open investigations into incomes of 20 celebrities in the entertainment sector in order to collect personal income tax for last year. The [...]
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Experts label 10pct soft drink tax ‘unfair’

09-Apr-2014 Intellasia | VNS | 6:00 AM

A 10 percent tax would be imposed on carbonated soft drinks under a revised draft of the special consumption tax law released by the Ministry of Finance last Friday, which [...]
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