Our collection of resources based on what we have learned on the ground
Resources
Q&A
Which structure is best for foreign companies that want to explore market possib...
- July 2014
- Free Access
Many traditional buyers tend to lean towards the representative office structure, purely driven by the preference of not having to inject registered capital into Vietnam. For this reason, the RO structure is often recognized as the “safe”...
Q&A
Which limited liability company (LLC) structure is preferred for foreign busines...
- July 2014
- Free Access
For businesses wanting a wider business scope than a representative office (RO) offers them, a trading company structure is usually preferred. This structure allows for the widest possible scope for sourcing, and since the business scope is wide, th...
Q&A
Why should companies consider Vietnam as their sourcing destination and not some...
- July 2014
- Free Access
There are a number of key advantages that make Vietnam stand out from the rest of Asia. Unlike many other countries in the region, Vietnam’s government is very stable and committed to seeing the country grow. Consumer confidence is strong and i...
Q&A
What is the importance of Vietnam?s free trade agreements (FTAs)?
- July 2014
- Free Access
Vietnam has a number of FTAs, but those of particular interest to foreign companies are its FTA with ASEAN and ASEAN’s FTA with India and China. This mean that if a company is manufacturing a product in ASEAN that fits into either China or Indi...
Q&A
Che cosa è L?ASEAN?
- July 2014
- Free Access
L’ASEAN, Associazione delle Nazioni del Sud-est Asiatico, è stata fondata nel 1967 e riunisce dieci paesi asiatici in un blocco di scambio economico. Ne fanno parte Brunei, Cambogia, Indonesia, Laos, Malesia, Filippine, Birmania, Sing...
Q&A
How does value-added tax (VAT) registration work in Vietnam?
- June 2014
- Members Access
Registration of tax is a compulsory procedure for organizations and individuals in order to run a business in Vietnam. There is no separate procedure for VAT registration; it is included at the beginning of the tax registration for each kind of taxab...
Q&A
Is there voluntary registration for value-added tax (VAT) in Vietnam?
- June 2014
- Free Access
There is no voluntary registration for VAT in Vietnam. However, certain business entities are excused from registration, these include: Foreign business organizations not having Vietnam-based permanent establishments; Foreign business individuals...
Q&A
Is a non-resident business required to register for value-added tax (VAT) in Vie...
- June 2014
- Free Access
A non-resident business is not required to register for VAT in Vietnam. If such entity does business in Vietnam or earns income in Vietnam, the Vietnamese party will register for VAT on its behalf. A non-resident is a person who does not satisfy one...
Q&A
Are goods and services transactions liable for value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
Most transactions related to goods and services used for production, trading or consumption are subject to VAT, except those otherwise specified. If service provision activities are carried out both in Vietnam and overseas, such services are subject ...
Q&A
Are goods and services imported liable for value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
In general, all goods and services imported for the purpose of production, trading or consumption in Vietnam are subject to VAT, excepting goods and services traded between foreign countries, non-tariff areas, and between non-tariff areas. Imported ...
Q&A
What are the taxed prices for different goods and services in Vietnam?
- June 2014
- Members Access
The chargeable amount of taxable price includes the following terms: For goods and services sold by production and business establishment, the taxed price is the selling price exclusive of VAT. For excise tax-liable goods and services, the taxed p...
Q&A
How to calculate Vietnamese value-added tax (VAT) by credit method?
- June 2014
- Members Access
Credit method: The output VAT amount is the total amount of VAT on sold goods and services as indicated in the VAT invoices. The creditable input VAT amount is the total VAT amount on goods or services purchase, and on imported goods as indicated in ...
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