Vietnam continues to outperform global averages in women’s leadership. Explore key insights from Grant Thornton’s Women in Business 2026 report on gender diversity and CEO representation.
Explore Grant Thornton Vietnam’s M&A Outlook 2026, featuring Vietnam’s M&A market performance in 2025, key sectors, investor trends and deal drivers for 2026.
In-depth analysis of Circular 99/2025/TT-BTC from an IFRS perspective, assessing its level of alignment and implications for IFRS conversion in Vietnam.
In this newsletter, Grant Thornton Vietnam would like to update certain notable points in a new Decree and guidelines relating to tax policies and compulsory insurances
In this newsletter, Grant Thornton Vietnam offers guidance on updates related to tax policies
The significant move towards electronics is the main factor behind the continued growth in exports from Vietnam. Over recent years electronic goods, in particular, mobile phones and applications have taken over the top spot previously occupied by textiles helping ensure a continued future growth in exports.
The Insurance policy administered by Social Insurance authorities is a major policy of the Communist Party and the State, which promotes the stable lives for employees, political stability, social security.
Retaining key personnel has always been a company’s prerequisite policy in paving the way to prosperity. Employee Shares Ownership Plan (‘‘ESOP’’) has long been considered a good management tool and compensation benefit, for the retention of human capital, as well as a good solution for those companies with limited cash flow. ESOP is not a new term, however its important tax implications have been continuously provoking controversy. This report investigates the Personal Income Tax (‘‘PIT’’)’s exposure under ESOP schemes, which provide beneficiaries a better understanding and thus the ability to minimize the tax risk.
The IT sourcing market has long been tipped as a natural for Vietnam but has been a long time in the development phase. However, in AT Kearney’s 2017 Global Services Location Index, published last week, Vietnam has entered the top ten destinations at number 6 out of 55 countries and a rise of 5 places from 2016. The survey /Index covers both IT outsourcing and Business Process Outsourcing.
Last week the Ministry of Trade (‘MOIT”) released decision 11/2017/QD-TTg relating to encouraging the development of the solar power sector in Vietnam. I have previously highlighted the opportunities and significant growth potential in this sector.
In this month’s newsletter, Grant Thornton Vietnam would like to update the regulations related to tax and labor
In reality Vietnam currently has 27 listed casinos however very few of these have live tables. There are new planned facilities, that have been licensed in Van Don and Phu Quoc (to Sun Group and Vin Group) and these are the only 2 so far licensed for local players. It is rumored that Ho Tram will be added to the list. Ho Tram being the only truly international facility currently operating in Vietnam.
Are we finally going to see a defining moment in the reduction of red tape and bureaucracy and time consuming reports and submissions to local authorities and other Government departments? Well it certainly is starting to look that way if recent recommendations are implemented.
In an effort to provide detailed guidelines for implementation of some articles of the Decree No. 20/2017/ND-CP (“Decree 20”) issued by the Government on 24th February 2017 and promulgated the management of taxation on businesses having related party transaction(s), on 28th April 2017, the Ministry of Finance has issued Circular No. 41/2017/TT-BTC (“Circular 41” or “the Circular”) with effect from 1st May 2017 onwards.
As Vietnam wrestles with the reduction of the fiscal deficit, there is a lot of focus from the tax authorities on how to collect more tax. With its large internet connected population (45% of the population of 93 million) there has been a rapid increase in selling through on line channels and this is now becoming a target for the tax authorities.
In recent years, Vietnam has experienced favorable growth in the nation’s construction industry and the construction sector shows no sign of stagnation. For foreign contractors, it is a legal prerequisite to obtain a proper license (‘‘construction permit’’), in order to operate in Vietnam. The legal requirements are applicable to an extensive group of foreign contractors, including general contractors, main contractors, joint venture contractors and subcontractors.
Vietnam will transition from paper invoices to electronic invoices, if the proposal from Ministry of Finance is accepted, from the beginning of 2018. This is effectively in less than 5 months’ time.
Provincial Department of Finance to coordinate with the Provincial Department of Planning and Investment, Tax and Customs Authorities in inspecting the implementation of financial enterprise policies and mechanisms at foreign invested enterprises from 24th July 2017.
Last week I attended the annual M & A conference organized by VIR, which was opened by the Minister of MPI Nguyen Chi Dung who commented on the need for businesses to improve efficiency and competitiveness and for the Government to improve the regulatory environment.