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The implementation of the UK-Vietnam Free Trade Agreement will be a boon to bilateral trade and investment between Vietnam and the United Kingdom moving forward. Kenneth Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam, provides his insights into the wide-ranging deal.

“From a policy implementation perspective, at the moment, the key factor is that we have seen the foreign contractors start paying tax under the newly launched portal and the procedures are convenient for them. Hence, we believe that the tax revenue from this source will increase, in line with the growth of the Vietnamese economy and cross-border transactions.” said Mr Hoang Viet Dung, Tax Director at Grant Thornton Vietnam.

Kenneth M. Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam cum vice chairman of the Vietnam Tourism Advisory Board, shared with VIR’s Thanh Van about the chances for Vietnam’s tourism industry when easing quarantine requirements and launching a pilot programme to welcome international tourists.

Nguyen Tan Tai, Tax and Corporate Services Manager at Grant Thornton Vietnam said, “Vietnam has regulations on personal income tax (PIT) on investment gain, specifically for real estate. The local authorities can consider appropriate tax rates periodically.”

The implementation of the UK-Vietnam Free Trade Agreement will be a boon to bilateral trade and investment between Vietnam and the United Kingdom moving forward. Kenneth Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam, provides his insights into the wide-ranging deal.

The COVID-19 pandemic has disrupted countless lives and businesses, causing the world’s economy to slump as global GDP shrunk by 4.1 per cent in 2020, as estimated by S&P

Vietnam has gained remarkable achievements in economic development in 2020, although this was a turbulent year for the entire world. As a long-time resident of Vietnam and a dual national, I can only applaud the Government for its swift proactive measures to contain the pandemic and enable a relatively strong economic performance in 2020.

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?

The diagnostic rated the business resilience of each participating company in the Covid-19 pandemic environment, and analyzed factors of resilience along key aspects of business operations – finance, supply and demand, external factors, and digitization. The findings, based on data, not on expert opinion, were sometimes expected and sometimes surprising

Vietnam has demonstrated strong and stable growth in attracting foreign direct investment. Kenneth Atkinson, founder and senior board adviser at Grant Thornton Vietnam, explains how the country can push ahead even further

Companies need to prepare survival plans to navigate the choppy waters ahead with the current situation of COVID-19 outbreak. In the article published on Vietnam Investment Review, Ken Atkinson, founder and senior board advisor at Grant Thornton Vietnam, discussed the impact of on-going pandemic on the business community of Vietnam.

With high economic growth and a stable political environment, Vietnam has become an attractive destination for Private Equity (PE) funds. In addition to some well-established Vietnam-based PE firms, such as Mekong Capital, VinaCapital, and Vietnam Investments Group, there are a growing number of offshore PE firms looking for investment opportunities in Vietnam. What PE funds can bring to Vietnam businesses are not only about providing capital, but also about other aspects of operation, including corporate governance, business ideas, relationship and experience.

How to maximise value added tax refunds

Optimising benefits from tax incentives

Nowadays, with the trend of globalization, companies increasingly have extensive business operations across many territories and jurisdictions but not all of them have a good understanding about domestic tax regulations, in host countries, as well as tax treaties.

Through the long process of formation and development, the bond market in Vietnam has been growing in both depth and scale, proving its role as a medium for long-term capital mobilization, in the economy, as well as addressing the shortfall of the State budget.