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.
Are your firms’ existing and planned digital systems fit for purpose for your business objectives? What are the risks to your business stemming from your internal and external digital systems?
Going along with the development of science and technology and industrial revolution 4.0, the National Assembly and Government have promulgated by many policies to support the development of Information Technology (“IT”) industry in Vietnam in order to enhance the competitiveness of IT enterprises as well as the investment attraction strategy, in which the Corporate Income Tax (“CIT”) incentives policy stands out to further promote the development and application IT in Vietnam.
At the start of the New Year it is both time to reflect and look to see what we can expect in the year ahead. We are all well aware of the Government’s excellent response to unexpected Covid 19 pandemic, having one of the lowest number of cases, as a percentage of population, and one of the lowest fatalities per number of cases. I believe Vietnamese and foreigners alike are grateful to the authorities for the contact tracing and quarantine requirements, which have been instrumental in containing community spread.
The Vietnam government has introduced policies to encourage the growth as well as maintain the competitiveness of “supporting industry” investment in Vietnam. Valerie Teo and Nguyen Tan Tai, of Grant Thornton Vietnam, discuss the available tax incentives for supporting industries.
Being a dependent unit of a foreign company to conduct a number of limited commercial promotion supporting activities permitted by Vietnam laws, a Vietnam-based representative office without carrying out any profit-making activities seems to be quite simple to manage, save cost and simplify the compliance procedures during operation, i.e. no Value Added Tax (VAT), no Corporate Income Tax (CIT), no requirement to maintain the stipulated accounting books, no independent audit required by laws, etc.
In this newsletter, Grant Thornton Vietnam would like to update our valued customers on important legal policies that have just been issued recently.
His Excellency Nguyen Xuan Phuc opened the meeting with the World Bank, IFC, VCCI, Consortium members of the VBF and the Chairs of the various working groups. He welcomed all attendees and commented that Vietnam was enjoying relatively strong economic growth, some of the strongest trade flows in 2020, improved ratings by Fitch and a higher rating in the Global Competitiveness Index.
Vietnam: Expenses for Intra-Group Services
Nguyen Thu Phuong and Nguyen Hung Du, of Grant Thornton Vietnam, discuss foreign direct investment in Vietnam looking specifically at the use of a direct investment capital account and the tax risks involved.
Grant Thornton Vietnam is pleased to issue the updated 2020 edition of ‘Doing Business in Vietnam’. We hope you find this guide is useful and helpful in understanding how to do business in Vietnam.
What the future could hold for education investment in Vietnam
On Thursday, 12 November 2020 the Department for International Tax Cooperation of Cayman Islands set out an extension to the deadlines for reporting period and Economic Substance reporting. The detail are presented in more detail below.
The RCEP was signed last week in Hanoi, via phone call, by 15 countries (ASEAN and 5 non-ASEAN members being Australia, China, Japan, New Zealand and South Korea). Negotiations started in 2012, and needs further ratification by each country and RCEP will not become effective until this is done by at least 6 ASEAN and 3 Non ASEAN member countries.
In this November tax newsletter, Grant Thornton Vietnam would like to update out valued customers on important legal policies that have just been issued recently.
After more than three years of implementing Decree No. 20/2017/ND-CP ("Decree 20") and other amending and guiding documents such as Decree No. 68/2020/ND-CP ("Decree 68") and Circular No. 41/2017/TT-BTC ("Circular 41"), on 5 November 2020, the Government has officially issued Decree No.132/2020/ND-CP ("Decree 132") to replace Decree 20 and Decree 68 prescribing tax administration for enterprises engaged in Transfer Pricing.
Nguyen Hung Du and Tran Nguyen Mong Van, of Grant Thornton Vietnam, discuss the stimulus solutions for Covid-19 announced by the Vietnamese government.