5 Essential Know-How To Comply With Vietnam Accounting Standards
Reading Time: 5 minutesWherever you have your business incorporated, you must follow all the rules and legislation involved as it applies to taxation and accounting.
All international and local businesses in Vietnam must legally adhere to the Vietnamese Accounting Standards (VAS) in documenting fiscal transactions.
The Ministry of Finance developed the Vietnamese Accounting Standards and provides financial statement preparation, reporting, and bookkeeping guidelines. These guidelines are also industry-specific, with unique regulations for asset management, securities, and insurance businesses.
By 2025, International Financial Reporting Standards (IFRS) will replace Vietnamese Accounting Standards applied for large enterprises activities in Vietnam.
5 Types of Companies in Vietnam
Reading Time: 6 minutesThanks to its developing economy, opening a business in Vietnam is a popular choice. Many business-oriented people are already joining this trend and establishing businesses in Vietnam. With a fast-growing middle-class population and favorable requirements, a business in this country makes sense. To make things easier, we take a look at how to open a business in Vietnam.
Key Considerations on How to Set Up a Company in Vietnam
Reading Time: 5 minutesSetting up a company in Vietnam presents a promising opportunity for entrepreneurs and businesses seeking to tap into one of Southeast Asia’s booming economies. Boosted by a dynamic market, strategic location, and favorable government policies, Vietnam has quickly turned into an attractive destination for foreign investors. However, going through the process of establishing a business in Vietnam requires an in-depth understanding of the legal landscape, business practices, and regulatory requirements. This guide aims to focus on the key considerations and steps involved in setting up a company in Vietnam in the hopes of helping you embark on your business venture with confidence and clarity.
Company Charter and The Importance of Company Charter for FDI Company in Vietnam
Reading Time: 4 minutesA company charter, often referred to as articles of association or incorporation, is a legal document that establishes a company’s existence. It outlines the fundamental aspects of the entity, including its name, purpose, structure, and operating procedures. This charter is a cornerstone in the legal foundation of any business entity.
Vietnam E-Commerce Tax: Looking into the Market Complexities
Reading Time: 4 minutesIn recent years, Vietnam has emerged as one of the most promising markets for e-commerce, driven by a rapidly growing internet penetration rate and a tech-savvy population. However, amidst this digital boom, the Vietnamese government has been grappling with the complexities of taxing e-commerce transactions effectively. As online sales continue to soar, policymakers are faced with the challenge of balancing the need for revenue generation with fostering a conducive environment for digital innovation and entrepreneurship.
Tapping into the Retail Revolution of the E-Commerce Market in Vietnam
Reading Time: 5 minutesWith the surge of digitalization sweeping across the globe, Vietnam finds itself at the forefront of the online retail revolution. As the e-commerce market in Vietnam continues to gain momentum, both local and international players are tapping into the immense opportunities presented by Vietnam’s ever-growing digital economy. This article takes a better look into the dynamics of Vietnam’s e-commerce landscape, exploring the factors driving its rapid growth, the challenges faced by industry stakeholders, and the promising prospects lying ahead in this vibrant and dynamic market.
Legal Risks When Foreign Investors Buy Businesses in Vietnam
Reading Time: 6 minutesInvesting in foreign markets presents numerous opportunities for diversification and growth. Vietnam, with its rapidly expanding economy and favorable business environment, has emerged as an attractive destination for foreign investors seeking new ventures and expansion opportunities. However, alongside the potential rewards, investing in Vietnam also entails various legal risks that investors must navigate effectively. Understanding the legal landscape and potential challenges is essential for mitigating these risks and maximizing returns on investment.
From Traditional to Digital: Looking into the Vietnam B2B E-Commerce Shift
Reading Time: 5 minutesIn recent years, Vietnam’s business landscape has undergone a profound transformation, marked by a significant shift from traditional brick-and-mortar operations to the dynamic realm of digital commerce. Particularly noteworthy is the surge in business-to-business (B2B) e-commerce, which is revolutionizing how enterprises conduct trade and interact within the Vietnamese market. This article aims to shed light on this transformative journey, examining key factors such as the drivers, challenges, and opportunities shaping Vietnam’s B2B e-commerce landscape.
The Ins and Outs of a Limited Liability Company in Vietnam
Reading Time: 5 minutesEstablishing a business in Vietnam can be a promising venture, particularly with the flexibility and protection offered by limited liability companies (LLCs). With its dynamic economy and favorable business environment, understanding the fundamentals of LLCs in Vietnam is crucial for entrepreneurs and investors alike. This article offers a concise overview of the ins and outs of forming and operating an LLC in Vietnam, highlighting key considerations for those seeking to embark on business endeavors in this vibrant Southeast Asian nation.
Legal Issues Related to Foreign loans without the Government’s Guarantee of Vietnam Company
Reading Time: 5 minutesForeign loans without government guarantees have become an increasingly attractive option for Vietnamese companies seeking capital infusion for various business purposes. However, navigating the legal landscape surrounding such loans requires a comprehensive understanding of the associated issues. In this article, we delve into the legal intricacies of foreign loans without government guarantee for Vietnam companies, exploring aspects such as loan types, amount, purpose, legal procedure, compliance requirements, risks, and mitigation strategies.
