News and features

Articles

Article type

Showing 1 - 4 of 4

News & Analysis

From licensing to operations: a roadmap for foreign contractors in Vietnam

26 March 2025 by RBA WTS Tax Vietnam

Vietnam’s economy and infrastructure are rapidly developing, fueling significant growth in the construction market. However, major construction projects continue to face significant challenges, particularly in securing skilled labor and high-quality materials. As a result, construction projects often rely on foreign contractors, presenting both opportunities and challenges for them.
News & Analysis

Investing in the semiconductor industry in Vietnam

26 March 2025 by RBA WTS Tax Vietnam

Over the past few years, Vietnam has been a key destination for high-tech companies due to the availability of natural resources, low labor costs and the plurality of incentives provided by its government for the implementation of new projects.
News & Analysis

Vietnam’s Draft Decree on Global Minimum Tax: Key Insights and Implementation Procedures

26 March 2025 by RBA WTS Tax Vietnam

On November 12, 2024, Vietnam’s Ministry of Finance initiated a public consultation on the Draft Decree that provides guidance on implementing the Resolution No. 107/2023/QH15 (“Resolution 107”). This resolution introduces additional Corporate Income Tax (“CIT”) measures, in line with the Global Anti-Base Erosion (“GloBE”) Rules.
News & Analysis

How to set up business in Vietnam

25 March 2025 by RBA WTS Tax Vietnam

Economic reforms since the launch of Đổi Mới in 1986, coupled with beneficial global trends, have helped propel Vietnam from being one of the world’s poorest nations to a middle-income economy in one generation. Between 2002 and 2021, GDP per capita increased 3.6 times, reaching almost US$3,700. The economic growth is expected to rebound to 6.5 percent in 2024, which makes Vietnam one of the most attractive destinations for foreigners who want to invest in the country.