
Tax Labour Calendar 2020
Please kindly find the bilingual calendar in the Downloads section below and let us know if you have any questions about the deadlines or would like assistance in meeting them.
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News Bulletin 59 - Week 3, April 2021
Big news last week was the United States removing Vietnam from the list of currency manipulators. This is a big relief for Vietnam as it was facing the prospect of US sanctions. Both countries can now move on and increase cooperation in trade and investments.
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Tax Dialogue in April 2021
This tax dialogue is a monthly basis event series designed as an added value from Mazars to our clients and partners. The dialogue format is potentially kept to be very interactive so that it is not a one-way presentation but an opportunity for the participants to share their questions or comments with us on tax, transfer pricing, licensing & investment, labour, insurance and other related issues.
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Featured Article on VIR - April 2021
Vietnam has plenty of advantages to be a fertile ground for high-tech development for both domestic and international tech companies. But the success of high-tech industries will not only just happen through government action, but also from investments from the private sector which are encouraged by tax incentives
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Featured Article on VET - April 2021
"Vietnam’s business and investment environment is doing relatively well given the circumstances caused by Covid-19. No doubt there is a lot of investment interest in Vietnam, not just the traditional low-tech investments of the past but more high-tech investments and, most recently, those in the renewable energy sector", Mr. Jack Nguyen (Partner, Mazars Vietnam) shared his perspectives on Vietnam current investment circumstances.
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News Bulletin 58 - Week 2, April 2021
There were more chatters last week regarding reopening Vietnam's skies to normal air travelers. This is obviously the hope of many businesses in the tourism and travel industries in Vietnam. Indications are that by September, vaccinated foreign passengers and who have tested negative before their travel to Vietnam will be allowed into the country without quarantine requirements.
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Tax & legal alert - April 2021
On 31 March 2021, the Government released Decree 44/2021/ND-CP ("Decree 44") providing guidance on the conditions for being deductible expense of the donation and sponsorship in cash or in kind for prevention of COVID-19 pandemic.
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News Bulletin 57 - Week 1, April 2021
The first quarter of 2021 is now closed at economic numbers are starting to come in. GDP growth, foreign direct investment and trade numbers all showed positive growth.
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The future of Audit in APAC
Against a backdrop of shifting market expectations, Mazars released an independent report titled The future of audit: market view. The report highlights ‘standout findings’ and myths about audit with 501 responses from 12 countries.
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News Bulletin 56 - Week 4 March, 2021
Although vaccinations have started in Vietnam, the actual number of people getting vaccinated are relatively small and the timing of when most of the population get inoculated is still unclear. However, it’s clear that preparations are being made to revive the tourism and hospitality sectors in Vietnam, industries that have been especially hit hard by the pandemic. McKinsey last week reported that Vietnam’s tourism industry could recover by 2024, although everyone is hoping that the recovery can start much earlier than that.
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Mazars Vietnam Customs Newsletter - March 2021
We would like to bring you notable customs updates for March 2021 with the following highlights influencing the corporate operations activities:
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News Bulletin 55 - Week 3 March, 2021
There was interesting reporting of economic numbers last week in Vietnam that showed Vietnam's resiliency during Covid-19. Foreign directed enterprises collectively had usd$5.5 billion in trade surplus during the first two months of the year, with exports exceeding usd$37 billion. Vietnam's trade surplus was lead in most part by foreign invested enterprises, a figure that belies Vietnam's dependence on FIEs and an unbalance that the Vietnamese government wants to address.
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Customs alert - March 2021 (Issue no. 02)
On 11/03/2021, the Prime Minister approved the promulgation of Decree no. 18/2021/ND-CP amending and supplementing a number of articles of Decree no. 134/2016/ND-CP guiding the implementation of the Law on Import & Export taxes.
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News Bulletin 54 - Week 2 March, 2021
As the biggest city and commercial hub of Vietnam, Ho Chi Minh City usually attracts a big chunk of foreign direct investments into the country. During this past week, the city announced that it targets up to us$5.4 billion foreign direct investments into Ho Chi Minh City for 2021. The government itself plans to improve infrastructure and streamline administrative procedures to facilitate investments.
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Doing business guide in Vietnam 2020
“Doing business in Vietnam 2020” is an annual publication published by Mazars in Vietnam – aims to provide the relevant and updated information that all investors and businesses need to know
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Beyond the GAAP - No.151 - January 2021
2021 opens with a relatively stable IFRS framework in which to prepare the consolidated financial statements for this financial year, given the limited number and scope of the standards coming into force on 1 January.
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Beyond the GAAP - No.152 - February 2021
A major development this month is the publication of a proposed amendment to IFRS 16 in the light of the ongoing public health crisis: the practical expedient that was rushed through by the IASB last spring may now be applied to rent concessions granted up to 30 June 2022, rather than 30 June 2021.
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Investing in CEE 2020/2021 report
Despite the challenges caused by the Covid-19 pandemic, M&A dealmaking in Central & Eastern Europe remained robust in 2020. Thanks to its strong fundamentals, the CEE region continued to attract international investments, doing quite well in comparison with other emerging markets. This publication offers an overview of the inbound M&A activity in the CEE region throughout 2020 and looks ahead to the opportunities and challenges in the coming months.
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The future of audit: market view
The audit profession faces a decisive moment: market expectations are shifting, technology is empowering auditors and strengthening quality, the case for audit’s evolution is growing and a series of headline corporate failures have raised questions about the quality of service companies can expect.
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Covid-19 and the world of private equity
In response to the Covid-19 pandemic, we have surveyed private equity firms and investors to understand the challenges, level of optimism and response strategies.
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News Bulletin 53 - Week 1 March, 2021
Two key economic indicators were published last week. In Vietnam's biggest city and commercial center, it was reported that as much as us$338 million in foreign investments were made into the city in the first two months of the year. Also, Vietnam's trade surplus in the first 6 weeks of the year was an astounding usd3 billion. Clearly trade and investments continue unabated in Vietnam despite the Covid 19 pandemic and travel restrictions into the country.