Our collection of resources based on what we have learned on the ground
Resources
Q&A
What are some of the emerging economic trends that can be seen in recent years i...
- December 2016
- Free Access
A significant economic trend that can be seen in Vietnam is GDP growth. Despite uncertainty in the global economy, it reached 6.7 percent in 2015, had a forecast of 6.2 percent growth in 2016 and for 2017 is expected to improve slightly with a ...
Q&A
What is the current situation of the Vietnamese job market?
- December 2016
- Members Access
To sustain the transition from a rural to an urban, manufacturing, and service-based formal economy, skilled workers play a crucial role. The number of skilled workers has increased over the years, thanks to significant investment in education,...
Q&A
What is the main advantage that attracts FDI in Vietnam?
- December 2016
- Free Access
Vietnam has a favorable business climate, and cost advantages with labor costs being relatively inexpensive compared to other Asian countries, such as China. Recently a number of foreign MNC’s, in industries from services to manufacturing, have...
Q&A
Which contract structures are permitted in Vietnam?
- December 2016
- Members Access
According to Chapter 3, Article 15 of the Vietnamese Labor Code, the contract structures that are permitted and should be used to form the basis for cost and compliance comparisons are seasonal or work-specific contracts, indefinite-term contracts, d...
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...
magazine
Accounting and Bookkeeping in Vietnam
- November 2016
- Members Access
In this issue of Vietnam Briefing, we outline the basic framework of accounting applied in Vietnam and provide guidance on how to ensure compliance. We discuss existing Vietnamese accounting standards, highlight differences between Vietnamese and int...
partner-publication
DPRK Business Monthly: November 2016
- November 2016
- Members Access
This regular publication looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.
magazine
Analyse de la Réforme de la TVA en Chine
- November 2016
- Members Access
Début 2012, la Chine a débuté une réforme massive de son système fiscal en lançant le remplacement de sa “taxe sur les affaires” (“business tax” ou “BT”) par la taxe sur la valeur ajoutée (“TVA”). Avant cette réforme, la TVA n...
presentation
What SMEs need to know: Tax and Accounting Update 2016-2017
- November 2016
- Members Access
In this presentation, Senior Associate of Dezan Shira & Associates’ International Business Advisory team, Maria Kotova, gives an update on tax and accounting in China in 2016. VAT Reform and Transfer Pricing are analyzed in depth and are presented ...
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 ...
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