Green Light for Foreign-Issued ESOPs in Vietnam
Changes have resulted significant shift in the foreign Employee Share Ownership Plan (ESOP) landscape in Vietnam. These changes, long overdue, permits foreign ESOP without registration.
Key Compliance for Vietnam’s Anti-Money Laundering Law
The Anti-Money Laundering (AML) Law, effective from 1 March 2023, represents a significant regulatory milestone for Vietnam, aiming to enhance the integrity and transparency of financial transactions. The Ministry of Finance has recently emphasized the importance of strict compliance and has requested accounting and auditing services firms to report on the execution of AML regulations. This article highlights the key compliance points that firms must prioritize to ensure adherence to the AML Law.
Vietnam Market Entry Handbook, 2024
The Vietnam Market Entry Handbook is a 48 guide to the key Vietnam company establishment and operational requirements for foreign investors. Covering Legal/Corporate Establishment, Accoutning, Taxation, HR and Compliance, it is a complete reference handbook for new and existing investors in Vietnam.
Work Permits for Vietnam in 2024
Work Permits remain a critical element to employing a foreign individual in Vietnam in 2024. In fact, unless they hold en exemption, a foreign individual cannot sign any employment contract (or probation agreement) without the Work Permit in Hand.
Read more of what is required to obtain a Vietnam work permit in 2024.
Vietnam Payroll Companion
This easy-to-use guide simplifies the complicated areas of payroll calculations and contract implications for new entrants and foreign HR executives. With quick calculations and useful information, this high-level resource is a must-have for anyone dealing with human resources or payroll compliance in Vietnam. And if you’re looking for further advice on these topics or any other compliance issues, Alitium is the perfect partner to help you navigate the intricacies of Vietnamese law – with updates to reflect changes to laws at as July 2024.
Personal Data Protection Regulations in Vietnam and What You Need to Know
The cornerstone of Vietnam’s data privacy this regulatory framework is Decree 13/2023/ND-CP, which outlines key principles and obligations concerning the collection, use, and storage of personal data within Vietnam’s jurisdiction as well as transmission abroad. For foreign investors and businesses eyeing opportunities in Vietnam, understanding these regulations is not just prudent but essential for compliance and fostering trust among customers.
Proposed Tax Reductions for Small Companies in Vietnam
The Ministry of Finance has released a draft proposal, to amend the Corporate Income Tax Law and lower the tax rate from 20% to 15% and 17% for small companies that meet certain conditions.
Navigating Vietnam’s Investment Landscape: The Strategy of Multi-Tiered Subsidiaries
Learn how a multi-tiered structure can help navigate Vietnam’s investment landscape with maximum opportunities while complying with restrictions on foreign ownership and investment conditions. However, the practical application of this approach varies across provinces, introducing complexity and uncertainty due to the lack of explicit regulatory affirmation. Alitium Vietnam’s founder and managing partner, Phuong Vo, provides expert insights and advice on the potential risks and benefits of the multi-tiered investment strategy. Don’t miss out on this valuable information for foreign investors in Vietnam.
Top 7 Reasons for Transaction Failures in Vietnam: Insights for Foreign Investors
Transactions can fail for a number of reasons, however these are the 7 most common reasons in Vietnam – and despite best intentions, they do arise regularly for foreign investors.
Employment Outsourcing Companies in Vietnam – BPO or EOR
This article discusses the differences between Business Process Outsourcing (BPO) and Employer of Record (EOR) in Vietnam, highlighting that BPO involves outsourcing specific business functions, while EOR pertains to employment responsibilities and compliance with Vietnamese labor laws.