Vietnam Employment Pass and Migration
Vietnam's VAT system features diverse rates and exemptions for various goods and services, with specific calculation methods and compliance requirements essential for businesses operating in the country.
Vietnam presents attractive investment opportunities due to its dynamic industrial growth, diverse international investments, youthful consumer market, and supportive government policies, balanced with challenges in inflation and export demand.
Vietnam's 2023 visa pricing structure includes standard e-visa fees, varied expedited processing options, and additional fees for visa on arrival and special processing services, emphasising the need for early application due to varying processing times.
Vietnam's dynamic import and export industry, characterised by competitive labour costs, diverse sectors like electronics and textiles, and strong trade ties with key partners like the US and China, presents significant opportunities for global investors.
Vietnam's adoption of International Financial Reporting Standards (IFRS) alongside Vietnamese Accounting Standards (VAS) marks a critical step towards aligning its accounting practices with global norms, impacting areas like revenue recognition, asset valuation, and financial reporting.
Vietnam's HR salary and payroll practices involve region-specific wages, mandatory insurance deductions, tax responsibilities, and customary bonuses like the 13th-month and Tet bonuses, all within a framework of strict legal compliance.