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Bui Kim Ngan – Tax Director at Grant Thornton Vietnam – analyzes structural barriers that hinder ASEAN and Vietnamese enterprises from expanding across borders, including outbound investment procedures, labor permits, product inspection, and customs processes.

Explore Vietnam’s 2025 business landscape with Grant Thornton's comprehensive guide on key sectors, legal updates, FDI insights, and regulatory frameworks.

As businesses across the region continue to navigate an evolving tax and regulatory landscape, this guide has been developed to provide you with a clear, practical, and up-to-date overview of the key tax considerations across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Grant Thorton Vietnam’s Newsbrief: Vietnam has participated in Multilateral Competent Authority Agreement on the Exchange of Country-by-country Profitability reports Vietnam has agreed to sign the Multilateral Competent Authority Agreement (MCAA) regarding the exchange of Country-by-country Profitability reports (CbCR). The updated Signatories of the MCAA on the Exchange of CbCRs as of 10 February 2025 has indicated the agreement from Vietnam on 3 January 2025.

As dealmaking in Vietnam continues to evolve in complexity, effective tax due diligence has emerged as a critical factor in shaping successful transactions.

The Vietnamese market recorded declines in value, volume, and deal size in the first nine months of 2024.

In this newsletter, Grant Thornton Vietnam would like to update the highlights of Circular 23/2024/TT-NHNN (effective from August 12, 2024), which regulates indirect overseas investments, specifically concerning offshore-issued ESOP

In this newsletter, Grant Thornton Vietnam would like to update our valued customers the relevant legal policies and guidelines in the field of compulsory insurance, foreign exchange management, and newly issued tax policies.

Upcoming changes to Vietnam's tax laws on VAT, corporate income tax, and special sales tax are raising concerns for businesses. The article discusses key proposed amendments, such as VAT exemptions for exported services, increased VAT thresholds for business households, and changes to capital gains tax for foreign corporate investors. Businesses are urged to provide feedback to the National Assembly before the laws are finalized in late 2024 and 2025.

In this newsletter, Grant Thornton Vietnam would like to update readers the relevant legal policies and guidelines in the field of labor, taxes, and invoices recently issued.

In this newsletter, Grant Thornton Vietnam would like to update our valued customers the relevant legal policies and guidelines in the field of labor, taxes, and invoices recently issued.

Grant Thornton Vietnam is pleased to release Grant Thornton International's Women in Business Report 2024, marking 20 years of surveying on women senior management in mid-market companies globally.

In this newsletter, Grant Thornton Vietnam would like to update our valued customers the relevant legal policies and guidelines in the field of labor, taxes, and invoices recently issued.

Last November, Vietnam legalised rules regarding the introduction of global minimum tax (GMT). It is set at 15 per cent in Vietnam for enterprises considered as constituent entities of multinational corporations (MNCs) with consolidated revenue from €750 million (around $815 mil- lion) in two of four consecutive years.

Do Vu Bao Khanh of Grant Thornton Vietnam explains that Vietnam’s intention to implement the OECD global minimum this year will have repercussions for multinational enterprises investing there and for the country’s tax policy.

Global Minimum Tax is finally approved in Vietnam via Resolution No 107/2023/QH15 and will take effect from 1 January 2024. In this newsbrief, Grant Thornton Vietnam will provide high-level information regarding the application and general requirements of Global Minimum tax in Vietnam. We will continue to update the details and development of Global Minimum Tax in our upcoming materials.