On February 18, 2025, Vietnam will implement a significant change in its tax policy by abolishing import tax and VAT exemptions for goods valued under 1 million VND. This decision marked a turning point for Vietnam’s economy, particularly impacting the cross-border trade and e-commerce industries. The move aims to boost domestic production and create a … Read More
Vietnam has made substantial progress in refining its legal framework to meet growing demands for transparency, efficiency, and fairness in asset management. The Revised Law on Asset Auctions 2024, effective from January 1, 2025, represents a major advancement in enhancing regulations to ensure that auctions are conducted transparently, fairly, and effectively. This article examines the … Read More
A New Era of Opportunity or Complexity for Foreign Businesses in Hanoi? Imagine standing in the heart of Hanoi, surrounded by its vibrant energy, historical elegance, and the relentless pace of economic development. This city, deeply rooted in its thousand-year-old legacy, is at a tipping point. The Vietnam Capital Law 2024—a groundbreaking legal framework—has just … Read More
On November 30, 2024, the National Assembly officially passed the Electricity Law Amendment 2024, marking a significant step in establishing a new legal framework aligned with the growing demand for sustainable energy development. This law not only addresses existing challenges in the power sector but also opens doors to promising opportunities in the future. Key … Read More
The decision by Vietnam to ban e-cigarettes is a turning point in public health policy. As the popularity of e-cigarettes surges among young people and their associated health risks become more apparent, the Vietnamese government’s resolute action is both timely and necessary. This ban encompasses production, trade, importation, advertising, and use of e-cigarettes, aiming to … Read More
For foreign companies and individuals doing business in Vietnam, understanding the legal landscape is important for avoiding disputes and maintaining successful operations. Among the critical areas of legal compliance is corporate civil liability in Vietnam, which is the company’s obligation to compensate for damages caused by wrongful acts, negligence, or breaches of duty, ensuring fairness … Read More
Imagine losing your job unexpectedly, in a foreign country, with little understanding of your rights, scenario that no one wants to face. For foreign employees working in Vietnam, understanding the concept of unfair dismissal compensation in Vietnam is not just important; it’s essential for protecting your financial security and professional integrity. Unlawful terminations can leave … Read More
In the digital age, cryptocurrencies have unlocked a world of opportunity, enabling faster transactions, decentralized systems, and new business models. However, this promising frontier comes with a dark side: fraud, crime, and the tangled web of regulations that leave victims vulnerable and businesses uncertain. Imagine discovering your hard-earned funds siphoned away in a sophisticated scheme … Read More
Vietnam has been becoming a key player in international trade, attracting businesses worldwide. However, understanding import tax into Vietnam can be confusing. With several taxes, tariffs, and regulations, importers must clearly understand how Vietnam’s import tax system works to avoid unnecessary expenses. In the following, we will through the some aspects of import tax into … Read More
Securing a work permit in Vietnam is a crucial process for foreign workers and employers aiming to navigate the complexities of the country’s legal framework. Whether you are a foreign employee seeking opportunities in Vietnam or an employer looking to sponsor a skilled workforce, understanding the intricacies of work permits can save time, effort, and … Read More
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