For foreign companies and individuals doing business in Vietnam , understanding the legal landscape is important for avoiding disputes and maintaining successful operations. Among the critical areas of legal compliance is corporate civil liability in Vietnam, which is the company’s obligation to compensate for damages caused by wrongful acts, negligence, or breaches of duty, ensuring fairness and accountability in business relationships. Corporate civil liability in Vietnam has grown in importance as the country’s legal framework continue…
For foreign companies and individuals doing business in Vietnam , understanding corporate criminal liability is essential for operating ethically and successfully. As Vietnam’s economy continues to grow and integrate globally, the government has prioritized accountability in the corporate sector. Corporate criminal liability ensures enterprises are held responsible for misconduct conducted on their behalf, emphasizing the importance of compliance for long-term success. Corporate criminal liability in Vietnam has become increasingly signif…
On February 18, 2025, Vietnam will implement a significant change in its tax policy by abolishing import tax and VAT exemptions for goods valued under 1 million VND. This decision marked a turning point for Vietnam’s economy, particularly impacting the cross-border trade and e-commerce industries. The move aims to boost domestic production and create a more equitable tax environment, but it has also introduced several challenges. In here, we will explore the 7 powerful impacts of abolishing tax exemptions in Vietnam, its effect on busines…
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