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 GMT+7
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 GMT+7
HSBC sees ‘manageable’ impact of Global Minimum Tax in Vietnam
While the details of the Global Minimum Tax (GMT) are still being finalized, its impact on Vietnam’s inward foreign direct investment (FDI) should be manageable, HSBC said in a monthly report.
Economy - Sat, January 13, 2024 | 11:47 am GMT+7
Global Minimum Tax is not a risk to Vietnam’s inbound FDI: VinaCapital
The implementation of the new Global Minimum Tax (GMT) is unlikely to impede foreign direct investment (FDI) inflows into Vietnam, said Michael Kokalari, chief economist at leading fund management firm VinaCapital.
Economy - Thu, January 11, 2024 | 10:14 am GMT+7
Vietnam considers cost-based incentives to attract more FDI
Vietnam should consider cost-based incentives as it renews policies to attract foreign direct investment (FDI) because those currently in vogue are becoming outdated, says the Ministry of Planning and Investment.
Economy - Fri, January 5, 2024 | 3:15 pm GMT+7
Vietnam to tap global minimum tax revenues for fund to support priority sector investors
The Ministry of Planning and Investment is gathering comments on a draft decree to establish a fund that will use part of Global Minimum Tax (GMT) revenues to support investors in priority sectors.
Economy - Wed, December 27, 2023 | 3:47 pm GMT+7
Vietnam approves global minimum tax, gov’t to build supporting policy
The National Assembly (NA), Vietnam’s highest legislative body, passed a resolution on global minimum tax (GMT) on Wednesday with a 93.52% endorsement.
Economy - Wed, November 29, 2023 | 11:14 am GMT+7
Support policies needed for attractive investment environment if GMT enacted: lawmakers
The application of the global minimum tax (GMT) will reduce the attractiveness of Vietnam’s investment environment, so the National Assembly should issue resolutions on preferential support policies for businesses, especially foreign ones, said legislators.
Economy - Wed, November 22, 2023 | 1:58 pm GMT+7
Vietnam can collect $600 mln more from global minimum tax enactment
Vietnam can collect VND14.6 trillion ($600 million) of tax differences between the country’s current tax scheme and the Global Minimum Tax (GMT) in the first year of enforcement, if all countries apply the GMT from 2024, according to a government report.
Economy - Fri, November 10, 2023 | 7:03 pm GMT+7
Samsung urges Vietnam to find global minimum tax solutions
The government and legislature of Vietnam should check and issue solutions related to the global minimum tax (GMT), Samsung Electronics president and CFO Hark Kyu Park has said.
Economy - Fri, November 10, 2023 | 10:54 am GMT+7
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