Vinfast Roars to Life

Last week Vinfast, a subsidiary of Vinagroup, began manufacturing the Vinfast line of automobiles. The line begins with a standard hatchback and a sedan, two vehicles that are priced around 17,000USD. This is cool. For a couple of reasons is this cool. First, car purchases in Vietnam are up 22% year on year since 2018. [...]

Private Sector Thriving

Thanks to Dr. Matthias Duhn on LinkedIn, for sharing the link to the interview with the Minster of Planning and Investment. The original interview ran in Vietnam Investment Review, here, and is a reassuring assessment of the private sector economy. One of the highlights of the article, and I'll let you read it for yourself, [...]

By |2019-05-06T08:39:24+07:00May 6th, 2019|Banking and Finance, Business News, Corporate and commercial|Comments Off on Private Sector Thriving

Ministry Proposes CIT Cut for SMEs

According to Vietnam News, here, the Ministry of Finance has proposed a change in the current corporate income tax structure for small and medium sized businesses with an even greater exception for what it considers micro businesses. The cut would be from the regular 20% which is paid by all enterprises to 15-17% depending on [...]

By |2019-04-22T08:48:02+07:00April 22nd, 2019|Business News, Corporate and commercial, Inward Investment, Legal News|Comments Off on Ministry Proposes CIT Cut for SMEs

P2P Lending in Vietnam

A few days ago the National Bank announced that it will approve Peer to Peer Lending. This comes as little surprise since there are already 40 companies operating in the sector in Vietnam and the activity has been neither approved nor prohibited up to this time. P2P Lending is a method of lending that skips [...]

Moving in Vietnam

Moving. It's something I've just done, though not in Vietnam. I've done it before, however, and there are a few things to consider, legally, that might affect your relocation efforts. First, land, or property. In Vietnam you can't own land as a foreigner, or even condominiums. You can only lease a condominium or house in [...]

Don’t trust NYC lawyer to draft Vietnamese contract

Now, I'm going to discuss something that I'm borrowing from Dan Harris over at Chinalawblog, even though I haven't actually read the article. I'm going off of the headline and regardless of what Dan Harris said, I can come up with my own reasons for this distinction. First, don't let a foreign lawyer draft your [...]

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