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Blog Articles

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Blog Articles

Anything you need to know about the tax system in Vietnam

by Long Nguyen on February 14, 2023
The taxation system in Vietnam is characterized by its marked sophistication, which can pose numerous challenges for foreign investors entering the market for the first time. Yet, to overcome the market entry barriers, investors are advised to consult the leading local experts. Thus, the support from trusted local advisors will help them in navigating through […]
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A quick look at Foreign Contractor Tax In Vietnam

by Long Nguyen on February 14, 2023
All foreign investors in Vietnam must become familiar with and adhere to the country's unique foreign contractor tax (FCT) taxation system. This article serves as a brief guide for business owners to determine the appropriate FCT for their company and which payment method they should choose. What is Foreign Contractor Tax? One of our articles […]
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Restriction on Foreign Ownership in Vietnam’s Credit Institution

by Nga Dinh on January 4, 2023
A statistical report from Vietnam’s Central Institute for Economic Management (CIEM) in late 2021 reveals that the majority of both state-owned and private banks have a foreign ownership ratio of lower than 30%. However, despite the government’s restriction on ownership rates, many domestic banking institutes keep looking for investments from foreign sources. This can be […]
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The opportunities for Vietnamese investors under the impact of new-generation free trade agreements.

by David Lang on January 4, 2023
The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member states. The EVFTA officially took effect on August 1, 2020, opening up many great opportunities and prospects for both sides. The outstanding features of the new-generation FTA - EVFTA Similar to the previous FTAs, the EVFTA aims to […]
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What should investors bear in mind regarding the auction of land use rights in Vietnam?

by Long Nguyen on January 4, 2023
The land is a natural resource, a type of property - a unique commodity generated by nature, a means of production, and a valuable capital of the nation and the land user. In fact, land resources have benefited the state, users, enterprises, and society as a whole. Thus, the auction of land use rights is […]
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Unlock enormous potentials in investment and cooperation from the Vietnamese Government’s new investment strategy

by David Lang on January 1, 2023
Recently, the Prime Minister has announced Decision 667/QD-TTg on authorizing the Foreign Investment Cooperation Strategy (FICS) for the period 2021-2030. The plan is considered to have created several new opportunities for foreign investors. Current FDI inflows into Vietnam According to the assessment of the IMF, Vietnam is an economy that has and will have positive […]
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Founded in 2009, Viettonkin Consulting is a multi-disciplinary group of consulting firms headquartered in Hanoi, Vietnam with offices in Ho Chi Minh City, Jakarta, Bangkok, Singapore, and Hong Kong and a strong presence through strategic alliances throughout Southeast Asia. Our firm’s guiding mission is aimed towards facilitating intra-ASEAN investments and connecting investors in Southeast Asia with the rest of the world, thus promoting international business relationships and strengthening inter-nation connections.
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