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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

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