2018 saw Vietnam achieve or exceed all socio economic forecasts for the year and this accompanied by the high level of business confidence, maybe with the exception of the construction industry, augers extremely well for 2019. GDP growth exceeded the target of 6.8% recording an 11 year high of 7.08% putting Vietnam as one of the strongest growth economies in Asia and the world. The strongest driver for GDP growth were the manufacturing industries with a growth figure of 12.98% . At the same time inflation remained at under 4%.
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Insights
2018 another year of record achievements for Vietnam
Published on Vietnam Investment Review
Optimising benefits from tax incentives
Optimising benefits from tax incentives
Tax Newsletter
Update new legal documents and important tax policies
In this newsletter, Grant Thornton Vietnam would like to update the latest regulations and notable tax policies as follows:
Chairman's Insights
Sharing opportunities in the world of changing trade
This was the theme of the semi-annual plenary session of the Vietnam Business Forum (“VBF”) held in Hanoi, on Tuesday December 4th, which was attended in full by the Prime Minister Nguyen Xuan Phuc. This was also the 21st year of the VBF which was established under the auspices of the Wortld Bank and IFC together with the Vietnam Chamber of Industry and Commerce to provide a platform for dialogue between the private sector and Government.
TAX NEWSLETTER
Update on the latest regulations and important tax policies
In this newsletter, Grant Thornton Vietnam would like to update the latest important regulations and tax policies
PUBLISHED BY BLOOMBERG
The Cost of Having a Permanent Establishment in Vietnam
Failure to manage permanent establishment risks when doing cross-border business activities may result in an unexpected negative impact on a multinational corporation’s tax position.
Chairman’s Insights
Vietnam’s 30 years of Foreign Direct Investment
In October, I attended a celebration of 30 years of Foreign Investment in Vietnam, which started with “Doi Moi” in 1986 and the passing of the first Foreign Investment Law in December 1987. Sadly former Party Leader Do Muoi passed away last week at the age of 101, but he has to take a lot of the credit for the initial success of Vietnam’s Doi Moi or renovation policy.
Tax Newsletter
Update on the latest regulations and important tax policies
In this newsletter, Grant Thornton Vietnam would like to update the latest important regulations and tax policies
CHAIRMAN'S INSIGHTS
Tourism boom fuels upscale hotel supply
In 2017 global travel industry gross bookings reached US$1.6 trillion, making it one of the largest and fastest growing sectors in the world. The developing trend is expected to continue in 2018 thanks to increasing disposable incomes of citizens and a newfound ability to experience the world.