Blog - Vietnam Office

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Blog: Vietnam Office

Your Guide to Compliance Deadlines in Vietnam for 2020

Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. …

Setting up an English Language Center in Vietnam: A Quick Guide

A great number of people, particularly foreigners, are setting up their own English language centers in Vietnam. It is not hard to see why — there are more and more Vietnamese aspire to learn and master English, making English language centre a huge business when it comes to starting a business in Vietnam. The majority …

How do You Set up a Travel Business in Vietnam?

When talking about starting a business in Vietnam, it would be a good idea to start a travel business. According to the Tourism Annual Report published by Vietnam National Administration of Tourism (VNAT) in 2018, there was a 19.9 % increase of international visitors in Vietnam compared to the previous year, with a total global …

How Do You Calculate Your Foreign Contractor Tax in Vietnam?

Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the …

How to Get a Work Permit to Teach English in Vietnam

There are plenty of English teaching opportunities in Vietnam and the country is considered one of the most popular ESL teachers hubs in the world. Therefore, it is relatively easy to get a job as an English teacher in Vietnam, particularly for native English speakers. In addition to the abundant career opportunities, the cost of …

What to Know about Foreign Investment in Vocational Institutions in Vietnam

Decree No. 15/2019/ND-CP or Decree 15 was announced effective on March 20, 2019 by the government regarding foreign investment in the vocational education sector in Vietnam. This recently issued regulation has introduced new requirements for foreign investors with detailed instructions on Vocational Education and Training (LOVET). This regulation is expected to bring in more foreign …

Recruitment Vietnam: What to Know about Hiring Mid-Level Managers

When it comes to doing business anywhere across the globe, including Vietnam, mid-level managers play important roles in an organisation’s operation such as retaining employees, resolving resolution, staffing, etc. Their roles are so critical that they can determine the success rate of a project. Unfortunately, hiring mid-level managers is also one of the biggest recruitment …

An In-Depth Look into Import and Export Regulations in Vietnam

Since the economic reform, Vietnam has taken massive steps to open up many opportunities of international trade, import export activities and investment. Over the years, the country has also become of member in ASEAN Free Trade Area and WTO. Furthermore, Vietnam has also signed 7 regional and bilateral Free Trade Agreements (FTAs) with other countries …

What are Land Rights and How to Acquire Land in Vietnam?

The land rights in Vietnam can be complex for many people, especially for first-time foreign investors. Unlike other countries, lands in Vietnam are often owned by people conjointly and regulated by the Vietnamese government. With that being said, people are not allowed to own land legally in Vietnam. In other words, if they are interested …

The Latest Changes to Work Permit Processes in Vietnam in 2019

The Ministry of Labour, Invalids and Social Affairs (MOLISA) issued Decision 632/QD-LDTBXH on 4 May 2019. This decision addresses the changes of employment procedures governed by MOLISA. For employers, it is critical to understand your responsibilities and opportunities when recruiting and hiring workers and be aware of changes in work permit processes in Vietnam. This …