Vietnam’s updated Anti-Money Laundering Law went into effect in March 2023. The Law aims to prevent financial crimes in the financial system.
Vietnam is seeking to ease visa requirements for foreign visitors. Among the changes being discussed is increasing the duration of e-visas to 45 days.
Singapore and Vietnam have signed several MoUs cover collaboration on trade, the green-digital economy, and maritime and port cooperation.
All taxes in Vietnam are imposed at the national level; there are no local, city, or provincial taxes.
Vietnam’s Decree 91 makes amendments to the country’s Tax Administration Law. One of the changes includes reinstating the ’80 percent rule’ regarding provisional corporate income tax.
After 12 rounds of negotiations Vietnam and Indonesia have come to an agreement regarding their overlapping claims in the South China Sea.
Vietnam’s breakneck economic growth is putting pressure on its energy sources, with frequent power outages burdening businesses nationwide.
Vietnam’s footwear industry is likely to benefit as manufacturers leave China in search of lower labor costs.
Vietnam’s VinFast is among new entrants in the EV market, and its lower-cost and tech-heavy offerings could pose a real threat to existing manufacturers.
Changing a company name in Vietnam be challenging and time-consuming. However, understanding the regulations on business name changes can help alleviate some of these challenges.