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Publications

Vietnam Tax & Accounting Update May 2020

 

Our May 2020 publication of Domicile’s Tax and Accounting Updates looks at a Draft Resolution to decrease 2020 Corporate Income Taxes for SMEs, along with reductions of other taxes and statutory fees and further support for businesses impacted by COVID-19. The Draft Resolution also looks at entry (immigration) requirements for foreign employees. We also look at a Resolution on allowances for individuals / employees subject to reduction or loss of income due to the COVID-19 pandemic, along and our regular review of recent Official Letters released by Tax Authorities.

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‘Advance in Vietnam’ Podcast Episode 5: Labour, Employment, Work Permit and Residency Insights in Vietnam

 

In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate about labour and employment updates for Vietnamese companies and how employers can ensure they remain compliant with the changing laws and regulations, looking as well at new provisions for residency and work permits for foreign individuals based in Vietnam.

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‘Advance in Vietnam’ Podcast Episode 4: What foreign investors should consider when entering Vietnam and in the first year of activity?

 

In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services, about the key considerations foreign investors should be aware of when entering the market in Vietnam, and how to make sure they commence their operations in a correct and compliant manner.

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Vietnam Tax & Accounting Update April 2020

 

In this April 2020 publication of our Tax and Accounting Updates we focus on recent releases from tax and labour authorities that are positioned to support businesses impacted by the COVID-19 crisis in Vietnam. We also include our selected review of recent Official Letters released by relevant authorities.

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Alert: Temporary Residence Cards and Foreign Investors - Significant Changes for Small Investors

 

From 1 July 2020, the laws surrounding the issuing of Temporary Residence Cards (“TRC”) for small investors in Vietnam change significantly. Foreign investors who currently hold (or are planning to hold) a TRC based upon their individual investment into a Vietnamese company will each need to ensure they invest at least VND 3 billion (approx. USD130,000) as Charter Capital from 1 July 2020, or make alternative plans for their visa/residency status.

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‘Advance in Vietnam’ Episode 3: Managing Compliance and Risk – How businesses cope with Covid-19 in Vietnam?

 

In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about how companies in Vietnam can maintain compliance and ensure their business continuity plan is sustainable. How can businesses put in place a clear corporate governance framework, covering all levels of compliance and operational strategy? And, how can they integrate these with an efficient risk management approach and a clear employee engagement and protection policy, to overcome the difficulties they are facing and maintain their ability to operate?

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Corporate Governance & Compliance in Vietnam for 2020, Following the Impacts of Covid-19

 

With companies active in Vietnam impacted by the current Covid-19 situation, and facing structural and operational complications., it is important to be able to maintain compliance and ensure their business continuity plan is sustainable. Therefore, businesses need to have in place a clear corporate governance framework, covering all levels of compliance and operational strategy. Integrating these with an efficient risk management approach and a clear employee engagement and protection policy, businesses in Vietnam can overcome the difficulties they are facing and maintain their ability to operate.

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Client Update: Legal Representative & Residency Requirements with Covid-19

 

Vietnam has taken drastic measures in the last few weeks to limit the exposure and spread of Covid-19, limiting immigration and travel rights for foreign individuals entering the country, in order to maintain control.

This however poses significant statutory compliance risks for foreign investors who are currently operating in country, and where their designated Legal Representatives of the Vietnamese entities are not currently in country or are not able to enter the country.

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

Email

info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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