Vietnam Keyword: Value added tax ("VAT")

January 23, 2024

VDB Loi team in Vietnam is delighted to share Vietnam Tax Booklet 2024.  The publication:  Please contact Ms. Le Thi Thanh Thuy for at [email protected] to request a full copy of the publication.

September 21, 2021

Overview Vietnam’s duty-free retail is emerging as a new attractive investment channel for both local and foreign investors. With the issuance of new regulations recently, Decree No.100/2020/NĐ-CP of the Government, selling duty-free goods online is acceptable. In addition, less complicated procedures are provided for downtown duty free set up. Compared to airport duty-free shops, downtown […]

July 25, 2021

The Ministry of Information and Communications has launched a campaign to promote digital transformation using cloud computing with the participation of 11 local service providers. Experts say digital transformation will help Vietnamese enterprises, especially small and medium-sized ones, adopt a more flexible and cost-effective business model in the post-coronavirus recovery period. One of the pillars […]

January 21, 2013

The normal practice in international transportation is to consider a bill of lading (B/L) as evidence of a contract between the shipper and the transporter. This is not necessarily the case in Vietnam, however. It is a crucial issue, as companies can qualify for a zero VAT rate on the provision of international transportation services […]

December 20, 2012

The issue of VAT refunds, especially in the case of the export of goods or services, is always a notable area of concern for an export enterprise. Subject to certain conditions, a refund request can be processed on a “refund first and review later” or a “review first and refund later” basis. Both ways lead […]

December 20, 2012

Since the last draft Decree issued in 2010 which called for public opinions, the Ministry of Finance (“MOF”) has again issued a new draft and is seeking further opinions after conducting research on the casino business model in the region. The draft is expected to be approved within this year. We note some important highlights […]