Our collection of resources based on what we have learned on the ground
Resources
Q&A
How do employers select optimal contract terms in Vietnam?
- December 2016
- Members Access
Seasonal contracts (under one year) are usually reserved for seasonal or task specific employment, however it is important to note that these are not allowed to contain a probationary period. Definite term contracts (12 to 36 months) are used by empl...
Q&A
How long are probationary periods in Vietnam?
- December 2016
- Members Access
Probationary periods are proportional to the educational level required by the position and range from six to 60 days. Employers can use them only once and they must be converted into standard contracts of one or more years, if both parties wish to c...
Q&A
What are some of the post-employment financial obligations in Vietnam?
- December 2016
- Members Access
If a labor contract is terminated, employees may be entitled to severance payment; the nature of which depends on the salary of the employee, the amount of time spent in the current position, and the amount of time the employee has been covered under...
Q&A
What government bodies in Vietnam deal with the creation and approval of account...
- November 2016
- Free Access
Vietnam’s Law on Accounting, passed in 2003, delegated a significant portion of the responsibilities pertaining to accounting and bookkeeping regulations to the Ministry of Finance. Serving under the Ministry of Finance is the Department ...
Q&A
As of 2016, where must companies operating in Vietnam file their annual financia...
- November 2016
- Free Access
Enterprises operating in Vietnam are required to file annual financial statements 90 days after the close of the annual accounting period. As of 2016, it is necessary for annual finalization to be submitted to three Vietnamese government office...
Q&A
How long should an enterprise operating in Vietnam retain relevant documentation...
- November 2016
- Members Access
Enterprises operating in Vietnam are required to retain certain documentation for periods of five or ten years, while other documentation must be retained indefinitely. The government of Vietnam requires that a company retain all documents used...
Q&A
In what areas do Vietnamese Accounting Standards (VAS) deviate from Internationa...
- November 2016
- Members Access
Vietnamese Accounting Standards (VAS) differ from International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) through out of date standards, ineffective implementation, and issues regarding translation. The I...
Q&A
When will the Accounting Law of 2015 go into effect, and what impact will it hav...
- November 2016
- Members Access
The Accounting Law of 2015 was passed on November 30, 2015, and is set to go into effect on January 1, 2017. This law will act as an update to the Law on Accounting of 2003, and although the changes to the law are not substantial, changes have ...
Q&A
What are the major market drivers to Russia’s e-commerce industry? What are i...
- November 2016
- Free Access
In 2016, Russia’s e-commerce market is looking at an annual growth rate of 15%. A growth in domestic internet users, an increase in the average Russian's understanding of the internet environment, and reduced mobile costs have all pl...
Q&A
What are online shoppers in Russia buying?
- November 2016
- Free Access
Online shoppers in Russia have been increasingly drawn to foreign products, as they look to the international market for quality goods. These shoppers are mainly purchasing small appliances, electronics, clothing, and shoes. The average p...
Q&A
Who are the biggest players in the Russian e-commerce market?
- November 2016
- Free Access
Russia’s e-commerce market has three major players vying for market share. The most popular online retailers in Russia are AliExpress, Ozon, and eBay. Of the three leaders in the e-commerce industry, the Chinese site AliExpress is b...
Q&A
What amendments to Russia’s N 152-FZ law were implemented on September 1, 2015...
- November 2016
- Members Access
On September 1, 2015, amendments to the Russian law N 152-FZ went into effect. The amendments state that legal entities and municipal authorities are required to store the personal information of Russian nationals solely on local servers in Rus...
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