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Vietnam currently has the most solar power capacity in Southeast Asia, with 16,500MW built by the end of 2020. Energy Investors from all over the world have shifted their focus to Vietnam as a result of this impressive change. In this article, we’ll look at how a foreign investor may profit from investing in Vietnam’s … Continued
The roadmap for Vietnam’s electricity growth provides a clear indication of the country’s commitment to renewable energy in the decades ahead, as the country marks a swift shift from the coal plant-dominated electrical mix. This article discusses the aspects of the Renewable Energy Industry in Vietnam, as well as investment potential in the sector. Interested … Continued
Foreign individuals and entities are flocking in Vietnam free zones, looking to enjoy the tax benefits. Learn about the Vietnam free zone in this article.
Vietnam is host to over 100 fintech startups that offer a broad range of services such as wealth management, digital payments, alternative lending, and blockchain-based technologies. In addition, the country has improved its internet infrastructure & tech-based education ecosystem creating a foundation for developing effective financial technologies.
What are VAT Refunds? Quick Summary of VAT in Vietnam In Vietnam, VAT is regulated by Vietnam’s Law on Value-Added Tax. The tax will be finalized, declared and submitted to the local tax authorities by your company’s accountants or accounting outsourcing service. There are two methods for calculating a company’s VAT payable to the government: … Continued
A Joint-Stock Company is one of the two commonly chosen business entities founded by foreign direct investors with more than 3 shareholders in Vietnam. It offers a higher level of flexibility for medium and large-sized companies with multiple shareholders, including profit-generating activities, listing on the stock exchange, etc. A JSC is usually meant for large … Continued
The State Bank of Vietnam released Circular 06/2019/TT-NHNN on June 26, 2019 in response to concerns regarding Circular 19/2014/TT-NHNN. In the circular, a clear definition of Foreign Invested Enterprises (FIE) is given along with the requirements for the opening of a Direct Investment Capital Account (DICA) while conducting international transactions. It is imperative that foreign … Continued
Foreign investors are a key part of the economic condition of Vietnam, especially as the industrial output in Asia shifts away from China. Various investors are putting their capital into Limited Liabilities Company in Vietnam. The increase in the number of LLCs is related to personal liability protection and the relative ease of setup. It … Continued
The growing trend of virtual offices in Ho Chi Minh City (Saigon), Vietnam is not surprising and there are many good reasons why virtual offices make sense in these times of entrepreneurship and digital boom. All types of businesses, especially start-ups and small businesses, can benefit from virtual offices for many reasons. These can range … Continued
There has been a growing prevalence of turnkey projects or engineering-procuring-contracting (EPC) operations in Southeast Asia over the last two decades, especially in power production. Vietnam, in particular, is employing more and more foreign contractors in sectors such as infrastructure, renewable energy, and consumer foods processing. As a result, turnkey manufacturing is now common in … Continued
Vietnam’s latest update on Goods Labeling and how the Goods Labeling process is impacted. Check the details down below.
The strategic location of Lao Cai on the Kunming-Haiphong economic corridor, has made it become an alluring destination for foreign investment in Vietnam, particularly in the tourism, agriculture and construction industries. Currently, Lao Cai is the key passage for investments and trades between Vietnam and southwest regions of China. Investing in Vietnam? See Cekindo’s Business … Continued
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