Our collection of resources based on what we have learned on the ground
Resources
Q&A
How do sellers working in the e-commerce industry usually receive payment in Vie...
- May 2015
- Free Access
There are usually several different ways in which online payments can be made, including the use of credit cards, intermediary methods, via SMS, as well as by cash on delivery. However, most online payments in Vietnam are made by cash on delivery wit...
Q&A
What are some of the trends we can see with regards to the e-commerce market in ...
- May 2015
- Free Access
The below are some of the trends which we can see developing in Vietnam’s e-commerce market: In 2015, 39 percent of the Vietnamese population is online. Furthermore, Vietnam has the third highest number of internet users out of the ASEAN cou...
Q&A
What does Vietnam's regulatory framework provide to protect those investing in t...
- May 2015
- Free Access
Vietnam’s regulatory framework provides security guarantees for foreign enterpreneurs when starting an e-commerce business in Vietnam. The government has established some regulations such as on e-signature and certification, banking transact...
Q&A
What are the differences between the Chinese Accounting Standard (CAS) and the I...
- May 2015
- Free Access
Despite the ongoing convergence towards international standards, one must be aware of the following differences: Choosing a valuation method; China Accounting Standards (CAS) only allows fixed assets to be valued according to their historical cost...
Q&A
What are the expectations for the Generally Accepted Accounting Practices (GAAP)...
- May 2015
- Free Access
The 2014 Generally Accepted Accounting Practices (GAAP) is expected to be adopted by all medium and large-sized enterprises across Mainland China. The new PRC GAAP consists of: One basic standard providing guidance on practical issues 41 specific...
Q&A
What is 'mapping' in China?
- May 2015
- Free Access
As foreign companies follow different standards, the information from the Chinese subsidiary must be translated to fit into overseas parent company books. This procedure is known as mapping. There are two points to consider: 1. The divergence of Ch...
Q&A
How is accounting currency determined in China?
- May 2015
- Free Access
When a company chiefly does business in non-local currency, it then may choose the currency in which to conduct its accounting. When choosing currency, the company must consider the following factors: If the currency influences the sales pri...
Q&A
What procedures must be considered for before repatriating profits in China?
- May 2015
- Free Access
The remitting of profits does not need prior approval from the State Administrative of Foreign Exchange (SAFE). However it must show that all income taxes have been paid. The investor must present the following documents to the bank in order to prove...
Q&A
What are Wholly Owned Subsidiaries (WOS) and what is the process used to remit p...
- April 2015
- Free Access
Q&A
Which types of entities are required to file annual income tax returns by the In...
- April 2015
- Free Access
According to the 1961 Income Tax Act, all legal persons (including corporations, individuals, trusts, and partnerships) must file an annual income tax return in India. For the majority of companies, the fiscal year officially ends on March 31st, and ...
Q&A
Does the Indian government regulates employment contracts?
- April 2015
- Free Access
Yes, in India, “workmen” are entitled statutory rights but “non-workmen” have no such protection. Indian labor law distinguishes between workmen and non-workmen type employees as follows : A workmen is a person (including a...
Q&A
What is the recruitment process for a foreign company in Vietnam?
- April 2015
- Free Access
When recruiting Vietnamese employees, foreign businesses must first submit a recruitment request to a Vietnamese recruitment agency. The agency is responsible for introducing Vietnamese employees to employer within 15 days of the request. If the agen...
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