Recently, the Vietnamese General Department of Taxation (“GDT”) issued several Official Letters providing guidance on a number of specific issues for Foreign Contactors (“FCs”) doing business in Vietnam, including Tax Code Registration, Issuance of VAT invoices and Profit Remittance...

Are you thinking about what future changes in climate and changing patterns of natural hazards could mean for your business – but aren’t sure what the impacts or opportunities will be? Have you already implemented innovative approaches to dealing with the effects from climate change or are planning to develop adaptation strategies in your core operations, supply chains, or community investment programs? Do think that ongoing efforts to mitigate climate change should be complemented by adaptive strategies? Are you struggling to communicate risks and opportunities related to climate change to company leadership?...

The Australian Trade Commission (Austrade) and the Queensland Government through Trade and Investment Queensland is pleased to announce a vacancy for a Business Development Manager Position based in Austrade’s HCMC office...

Vietnam and China needed to overcome any difficulties and differences to promote trade and investment, Prime Minister Nguyen Tan Dung said yesterday. He was speaking to the Chinese minister of Commerce, Chen Deming, who was on an official visit to Vietnam. Dung said the potential for economic cooperation was huge. Chen said he hoped the Vietnamese government would create favourable conditions for Chinese investors. He also wished Vietnam, as the chair of Asean 2010, would support China in expanding relations with Asean nations, especially in trade and investment...

On 14 June 2010, the Ho Chi Minh Tax Authority issued official letter No. 2061 regarding Value Added Tax (“VAT”) on financial advisory services from securities companies, and exported services...

The Australian Consulate in Ho Chi Minh City will be conducting early voting from 9 – 20 August (weekdays only), opening from 9:30am until 12:00pm and 1:00pm until 4:00pm. By voting early, you may avoid queues and delays.

In this issue, we update some recent changes on value added tax, personal income tax, corporate income tax, and import/export duties for your reference and would be happy to address any queries that you may have after you have had the opportunity to consider the changes and the impacts and/or opportunities...