Vietnam Airlines, GE seal 1.7b USD deal for 40 jet engines

National flag carrier Vietnam Airlines has signed a 1.7 billion USD contract to purchase 40 GEnx engines from General Electric (GE) Aviation to power its fleet. 

Tax affecting foreigners doing business in Vietnam

 

These are the following taxes that may affect foreigners while conducting business in Vietnam:

-        Corporate Income Tax

-        Capital Transfer Tax

-        Value-Added Tax

-        Personal Income Tax

 

1. Corporate Income Tax (CIT)
 

CIT rates:

            10%

                        Criteria:

If the newly established enterprise is

INVESTMENT REGULATIONS

 

 

 

The promulgation of the investment regime on July 1st, 2006 is a significant improvement of the legal environment in regards to investment activities and corporate governance in Vietnam. It consists of two important legislations: (1) A unified Enterprise Law to regulate corporations, and (2) a common Investment Law to regulates investment.

 

1.     Overview
Investors may only invest accordingly under these two legislations. Under the Investment Law, the sectors permitted for investment are:

WELCOME!

 

Investment

 

Welcome!

Vietnam is one of great destinations in ASEAN for investing. We strive continually to improve the business environment for foreign entrepreneurs

To learn more about Vietnam business environment, we invite you to use the following Business Location Vietnam tool. 

Vietnamese Embassy in US held memorial service for General Vo Nguyen Giap

On October 11-12, the Vietnamese Embassy in the US held a memorial service and received guests to to pay tribute to General Vo Nguyen Giap. 

General Vo Nguyen Giap passes away

General Vo Nguyen Giap, 103, has passed away in Hanoi due to old age, said a special communique released by the Communist Party of Vietnam’s Central Committee (CPVCC), the National Assembly, the President, the Government, the Vietnam Fatherland Front Central Committee and the CPV CC’s Military Commission on October 5. 
 

Vietnam and US hold 6th political-security-defence dialogue

Vietnam and the US held the sixth political-security-defence dialogue in Washington DC on October 1.

Prime Minister Nguyen Tan Dung met Secretary Kerry

Prime Minister Nguyen Tan Dung and US Secretary of State John Kerry discussed measures to accelerate the cooperation between the two nations in the time ahead in New York on September 27. 
 

Vietnam values all-round cooperation with US

Prime Minister Nguyen Tan Dung has vowed that Vietnam is determined to promote multifaceted cooperation, especially in economics and trade, with the US. 

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