How to refund tax for authorized enterprise for auto part imports?
VCN- If an enterprise registers for participation in the Tax Incentive Program and authorizes another enterprise to import auto parts, the Customs authority which receives the dossier will refund overpaid tax amount to the account of the authorized enterprise upon final settlement in the case where it is eligible for enjoying 0% tax rate in […]
How to handle for postal items that are refused to be received by sender?
The General Department of Vietnam Customs has issued a document to instruct Vietnam Post Corporation on handling postal items sent to foreign countries that are refused to be received by sender. Earlier, Vietnam Post Corporation said that there were many backlogged postal items that were sent to foreign countries but could not deliver to receivers, […]
How to manage banned goods, when new provisions have not been issued?
VCN- The Law on Foreign Trade Management has taken effect since 1st January 2018, stipulating the nomenclature of banned imported and exported goods, and nomenclature of imported and exported goods under the licenses and conditions. But currently, the Government has not issued the nomenclatures. Clause 3, Article 112 in the Law on Foreign Trade Management abolishes […]
FDI: Why are low budget revenues collected from high invested capital?
Since the beginning of 2017, FDI into Vietnam has increased, especially the number of FDI enterprises increasing their investment capital. But the contribution to the State budget of the FDI sector has shown signs of slowness compared to the estimate, even the lowest contribution compared to the two remaining sectors, including private enterprises and State-owned […]
Customs declaration is not required for liquidation of fully depreciated goods?
This regulation has been considered at the revised draft Circular No. 38/2015/TT-BTC to facilitate enterprises when declaring the change of using purpose and transferring the domestic consumption for import goods which are not subject to tax or tax exemption. Commenting on the revised draft Circular No. 38/2015/TT-BTC of the Ministry of Finance, some enterprises request […]
Consular legalization in Vietnam
I’m running a wholly foreign-owned enterprise in Vietnam and have recently recruited some foreign employees. As I know, these employees must have some of their papers consularly legalized in Vietnam in order to complete their dossiers to apply for working permits. How can they do that? According to the Vietnamese law, consular legalization is necessary […]
Unemployment insurance in Vietnam
I’m running a wholly foreign-owned enterprise in Vietnam with over 200 employees. Do I have to buy unemployment insurance for my employees in addition to social insurance? How does Vietnamese law prescribe the responsibility of enterprises for unemployment insurance? Under Vietnamese regulations, employees are required to participate in unemployment insurance when working under the following […]
What you need to know about foreign ownership of houses in Vietnam?
Foreigners will be allowed to buy houses and apartments in Vietnam, but only in limited quantity, according to a recently completed draft decree on foreign ownership of property in the Southeast Asian country. Foreign individuals and organizations will be entitled to possess no more than 30 percent of the number of apartments in a condominium […]
Use of foreign driver licenses in Vietnam
I am from the Republic of Korea and have a driver license granted there. May I use my driver license in the Vietnamese territory? According to Vietnam’s regulations on road motor vehicle driver training, driving tests, and grant of driver licenses, foreigners who have driver licenses granted by foreign authorities and wish to drive […]
Foreigner surety for family visit
I am a Taiwanese currently living in Vietnam. Can I stand surety for my wife and children to visit me in the country in the Lunar New Year holiday? According to the 2014 Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam (effective as of January 1, 2015), temporary or permanent […]