Navigating Global Minimum Tax rules
Dang Ngoc Minh, deputy head of the General Department of Taxation, gives his insight into the status of Pillar 2 implementation of the Global Minimum Tax (GMT) in Vietnam, takeaways from Resolution No. 107/2023/QH15, and the Government's plan to build a follow-up decree.
Consulting - Tue, May 14, 2024 | 4:49 pm
Vietnam needs to modify FDI incentives to stay competitive amid global minimum tax application: expert
Vietnam’s policymakers need to consider changes to foreign direct investment incentives to keep the country competitive when it implements Global Minimum Tax rules, says Prof. Nguyen Mai, chairman of the Vietnam’s Association of Foreign Invested Enterprises (VAFIE).
Opinion - Tue, May 14, 2024 | 9:37 am
Vietnam leads Southeast Asia in Global Minimum Tax implementation: expert
Vietnam has made fast progress and leads Southeast Asia in implementing the Global Minimum Tax (GMT), said Jonathan Pemberton, a senior advisor with the Washington D.C-based International Tax and Investment Center.
Economy - Thu, May 9, 2024 | 12:12 pm
Vietnam should promote FDI with cost-based incentives: association
Vietnam should consider replacing low corporate income tax with cost-relief incentives to remain competitive in attracting FDI amid Global Minimum Tax enforcement, said Prof. Nguyen Mai, chairman of Vietnam’s Association of Foreign Invested Enterprises (VAFIE).
Economy - Wed, May 8, 2024 | 10:12 pm
Samsung willing to pay more under global minimum tax scheme in Vietnam
South Korean conglomerate Samsung stands ready to pay more taxes in Vietnam in line with the Global Minimum Tax (GMT) roadmap, Dong Thi Hong Anh, chief accountant of its Vietnam operations said Tuesday.
Companies - Tue, May 7, 2024 | 7:29 pm
Vietnam should proactively implement Global Minimum Tax: official
Although the Global Minimum Tax is not mandatory, Vietnam should implement it proactively because it can increase tax revenues, further international integration and create new opportunities, a senior tax official says.
Economy - Tue, May 7, 2024 | 3:15 pm
Peer reviews to referee global minimum tax implementation disputes: expert
The Global Minimum Tax being a complicated affair, peer reviews are likely to referee different interpretations, Jonathan Pemberton, a senior advisor with the Washington D.C.-based International Tax and Investment Center (ITIC), said Tuesday.
Economy - Tue, May 7, 2024 | 1:38 pm
International workshop on Pillar 2 Global Minimum Tax implementation to be held in Hanoi
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the Washington D.C.-based International Tax and Investment Center (ITIC) will hold an international workshop themed "Pillar 2 Global Minimum Tax Implementation in Vietnam" on Tuesday.
Economy - Tue, May 7, 2024 | 8:05 am
VAFIE to maintain core strength focus – offer policy advice, facilitate economic ties
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) will continue participating in policy and law building activities and facilitating multilateral economic relations, its executive committee said at a review meeting Tuesday.
Economy - Tue, April 23, 2024 | 5:36 pm
Foreign firms in Vietnam want clarity, more incentives to offset GMT impacts
Foreign businesses operating in Vietnam have called on the Vietnamese authorities to issue clearer policies and consider further incentives to offset negative effects of the Global Minimum Tax (GMT) that was enacted in January.
Economy - Wed, March 20, 2024 | 9:38 pm
Vietnam finance ministry mulls incentives to offset global minimum tax
Vietnam’s Ministry of Finance is studying incentives to ensure the country remains attractive to foreign-invested enterprises (FIEs) as it prepares to implement the global minimum tax (GMT), said a senior ministry official.
Finance - Fri, March 8, 2024 | 11:40 am
Vietnam to remain FDI magnet despite global minimum tax application
Vietnam is likely to remain attractive to foreign investors even after it began applying the global minimum tax last month, Mirae Asset Securities Vietnam (MAVN) says in a strategy report.
A year in review and 2024 forecasts - Mon, February 5, 2024 | 4:21 pm
Rising FDI inflows to further boost Vietnam’s domestic activities: UOB
An increase in both actual and registered foreign direct investment (FDI) inflows in 2023 will further boost Vietnam’s domestic activities in the quarters ahead including construction and employment, said researchers at Singapore-headquartered bank UOB.
A year in review and 2024 forecasts - Mon, January 29, 2024 | 2:46 pm
Vietnam economy could grow 6% in 2024 as exports, manufacturing improve: UOB exec
Vietnam could reach GDP growth of 6% in 2024 and over 6% in 2025 as exports and manufacturing continue to improve, but these figures are still comparatively low given that the country's economic expansion was 7-8% before the pandemic, said Suan Teck Kin, executive director at UOB Global Economics & Market Research.
A year in review and 2024 forecasts - Thu, January 18, 2024 | 8:20 am
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- Editor’s Picks
-
LG’s chemicals arm records modest 2023 profits in Vietnam
-
Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
-
Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
-
AG&P LNG to start operating southern Vietnam LNG terminal in Sept