Business News

[16-10-2015] On 12 October 2015, the Hong Kong Government published an update regarding its proposal for the implementation of automatic exchange of information ("AEOI") in Hong Kong. This update identifies certain changes the Government has adopted into its proposal following the comments it received during a public consultation process that took place from April to June this year.

[16-10-2015] Recently, Hanoi Department of Taxation ("HDT") and Ho Chi Minh Department of Taxation ("HCMDT") have issued a number of Official Letters ("OL") guiding VAT liability on income of foreign contractors from the transfer of trademark-use rights (OL No. 3159/CT-TTHT dated 15 April 2015 and OL No. 53638/CT-HTr dated 14 August 2015).

[13-10-2015] The Vietnam Chamber of Commerce and Industry (VCCI) will propose solutions to the controversial region-based minimum wage hike, the director of the Bureau for Employers’ Activities at the organization said.

[14-10-2015] The Ministry of Transport is planning to pilot a transport trading floor for the first time this month. "It is an e-commerce trading floor on which transport companies, logistics service providers and commodities owners can post their information on services and commodities that need transporting," Tran Quang Binh, director of Transport Department under the Directorate for Roads of Viet Nam, explained to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times)

[12-10-2015] The Trans-Pacific Partnership (TPP) deal will have a positive impact on the domestic real estate market, while the property market has recovered in the third quarter, experts said. The TPP deal has been struck after five years of negotiations.

[10-10-2015] The Vietnamese retail market has never appeared more attractive to foreign retailers and foreign retail developers, according to the assessment of commercial property and real estate services adviser CBRE.

[03-10-2017] Mobile phone subscribers will be able to retain their numbers when switching to other mobile service providers since 2017, according to the Ministry of Information and Communications (MIC). According to the Authority of Telecommunications under the MIC, the pilot connection between three major network operators Viettel, Mobifone and VNPT will begin in December.

[02-10-2015] On 1 September 2015, the General Department of Taxation (“GDT”) has issued Decisions 1574/QD-TCT and 1575/QD-TCT announcing the establishment of transfer pricing (“TP”) inspection teams at GDT and some major Provincial Departments of Taxation. These TP inspection teams will officially start their operation from 1 October 2015.