Dezan Shira & Associates
Companies are advised to double-check their accounting system, taking care to spot possible VAS non-compliance issues.
Total foreign direct investment surged over 40% in 2017 and is poised to expand further in the years ahead, with the government easing restrictions on foreign companies.
Vietnam is no longer one of the 10 most financially complex countries in the world for business, dropping to no. 11 from no. 5 in TMF Group's second annual Financial Complexity Index 2018.
The Vietnamese government recently issued official notes to clarify administration penalties.
Only Turkey, Brazil, Italy and Greece are more complex for businesses than Vietnam, while China and India also make the global top 10 in the inaugural Financial Complexity Index.
Having applied in Vietnam for nearly 10 years, Accounting Law 2005 has revealed a number of limitations when it comes to comparison with the development of the economy.
Russin & Vecchi
Vietnam has specific rules to identify documents that must be preserved and the periods for which they must be preserved.