An overview in Professional Employer Organization – PEO
Professional Employer Organizations (PEOs) are growing in popularity as a form of partnership between a client (often a foreign-invested enterprise in a new market or a mid-sized business) and a professional service provider to handle all matters related to human resources management in a flexible and cost-efficient arrangement.
A step-by-step guide on how to incorporate a company in Myanmar
Investors wishing to take full advantage of emerging mega projects in Myanmar’s major cities may wish to set up a separate legal entity in the country. The combination of a growing young population, a bursting increase in job opportunities, and loosened restrictions on foreign investments has made Myanmar an accessible and strategic location for overseas lenders to jump in and expand their business activities.
Despite facing challenges in the capital market in 2022, businesses in Vietnam in 2023 are projected to have growing opportunities
Activities of businesses in Vietnam in the first half of 2022 brought an optimistic outlook to the economy of the whole country due to the strong post-pandemic recovery. However, the situation has slightly changed in the second half of the year in which new difficulties have emerged and the business results of the fourth quarter of 2022 are differentiated. Beside the negative impacts of the world economy, businesses in Vietnam in 2022 must face capital depletion, although the business opportunities in Vietnam are expected to be positive in 2023.
A basic guideline for incorporating a company in Cambodia
Cambodia has a favorable investment environment in Southeast Asia. The topic of incorporating a company in Cambodia is receiving increasing attention nowadays because of the investment incentives granted to a Qualified Investment Project, easy foreign currency remittances and competitive tax rates.
A analysis on outbound investment in Vietnam
Vietnam's economy has experienced one of the region's quickest growth rates since its introduction of market-oriented economic reforms in 1986. The country has advanced, becoming the region's top investment destination after more than 30 years of global integration and prosperity. Various investment fields expanding in magnitude, paired with diversified business types, are all explicit indicators of Vietnam's burgeoning outbound investment activities.
New Public-Private Partnership (PPP) opportunities are available for investors in aviation infrastructure development.
The Vietnamese government is ready to approve the "Master plan for the development of the national airport and airport system for the period 2021-2030, with a vision to 2050,". The master plan will provide the basis for attracting private funding in the development of aviation infrastructure. At the same time, Deputy Prime Minister Le Van Thanh has recently submitted Official Letter No. 1061/VPCP - CN to the Ministry of Transport with instructions on "Project direction to mobilize social resources for investment in airport infrastructure."
Anything you need to know about the tax system in Vietnam
The taxation system in Vietnam is characterized by its marked sophistication, which can pose numerous challenges for foreign investors entering the market for the first time. Yet, to overcome the market entry barriers, investors are advised to consult the leading local experts. Thus, the support from trusted local advisors will help them in navigating through and complying with Vietnam tax regulations, focusing on their key business operations.
A quick look at Foreign Contractor Tax In Vietnam
All foreign investors in Vietnam must become familiar with and adhere to the country's unique foreign contractor tax (FCT) taxation system. This article serves as a brief guide for business owners to determine the appropriate FCT for their company and which payment method they should choose.
Restriction on Foreign Ownership in Vietnam’s Credit Institution
A statistical report from Vietnam’s Central Institute for Economic Management (CIEM) in late 2021 reveals that the majority of both state-owned and private banks have a foreign ownership ratio of lower than 30%. However, despite the government’s restriction on ownership rates, many domestic banking institutes keep looking for investments from foreign sources. This can be explained by the mounting capital needs for banks to meet Basel 2 & 3 international standards and to enhance their governance capacity and market access.
The opportunities for Vietnamese investors under the impact of new-generation free trade agreements.
The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member states. The EVFTA officially took effect on August 1, 2020, opening up many great opportunities and prospects for both sides.