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Client Update: Changes from 1 July 2020 to Vietnamese Immigration Laws

 

From 1 July 2020, new immigration laws have come into effect in Vietnam in relation to Visas and Temporary Resident Cards (“TRC”) for foreign individuals. As background, on 25 November 2019, The National Assembly of Vietnam approved Law 51/2019/QH14 (“New Immigration Law”) on amending and supplementing a number of articles of the Law on Entry, exit, transit and residence of foreigners in Vietnam No. 47/2014 / QH13 (“Old Immigration Law”), which is effective from 1 July 2020.

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Buying an Existing Company in Vietnam – Risks and Issues for Investors to Consider

 

International investors and entrepreneurs commonly undertake direct investments in existing companies in Vietnam, however, as with any investment, care needs to be taken. When assessing the value and risks of a potential acquisition target, there are processes and actions that should be considered and included as core elements of the assessment and transaction processes. In this article, we look at key issues that arise in transactions in Vietnam, risks that should be considered and reviewed, and procedures for structuring and protection when undertaking transactions.

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Vietnam Tax & Accounting Update June 2020

 

This June 2020 publication of our Tax and Accounting Updates looks at a Resolution increasing personal and dependent deductions for Personal Income Tax (“PIT”), Official Letter clarifying the application of deferrals for Corporate Income Tax (“CIT”) and Value Added Tax (“VAT”) for 2020, and discussion of the release of the Vietnam - EU Free Trade Agreement , along with our regular review of recent Official Letters released by the Tax Authorities.

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2020-2021 Vietnam Compliance Calendar

 

We have released our updated 2020-2021 Vietnam Compliance Calendar, detailing key dates and obligations for Accounting, Taxation, Payroll and Statistical Lodgements for Vietnamese entities for the next 12 months. This guide provides is an important foundation for any company's compliance and reporting planning in Vietnam.

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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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