Viettonkin Consulting is proud to announce three new strategic partnerships with Robert Yam Co., Oborseana, and CorpelServe, further strengthening our commitment to delivering seamless cross-border business expansion services to clients across Asia. Robert Yam Co. (Singapore) Established in Singapore, Robert Yam Co. is a reputable firm offering audit, tax, and accounting services, led by Executive […]
Viettonkin Consulting is proud to announce three new strategic partnerships with Robert Yam Co., Oborseana, and CorpelServe, further strengthening our commitment to delivering seamless cross-border business expansion services to clients across Asia. Robert Yam Co. (Singapore) Established in Singapore, Robert Yam Co. is a reputable firm offering audit, tax, and accounting services, led by Executive […]
Attracting large investors to invest in electric vehicle production in Vietnam
Trường Lăng
Trường Lăng, founder and 15-year director of Viettonkin, guides the company's strategic direction, makes top-level decisions, and represents the firm in key business negotiations. With over 20 years of consulting experience in Belgium and Southeast Asia, including 15 years specializing in FDI projects, he has established himself as a top expert who helps clients across industries expand their businesses. His deep knowledge of risk management and business operations, combined with his proven track record of successful consultation projects, makes him a valuable partner for investors seeking quality consulting services.
On the evening of January 26, the Government Office had just announced that it had issued document No. 632/VPCP-CN on a proposal to develop electric vehicle industry in Vietnam.
Charging stations for electric cars in Vietnam
According to this document, TMT Automobile Joint Stock Company has sent a document to the Prime Minister to propose synchronous solutions to invite major investors in the world to invest in manufacturing electric vehicles in Vietnam, and make Vietnam an exporter of electric vehicles within the next 5 years.
In this regard, Prime Minister Pham Minh Chinh assigned the Minister of Ministry of Industry and Trade to meet and discuss the proposals and recommendations of TMT Automobile Joint Stock Company to have a synchronous solution to develop electric vehicle industry, and at the same time, to attract big investors in the world to invest in producing electric vehicles in Vietnam, and make Vietnam an exporter of electric vehicles within the next 5 years; advise the Prime Minister on appropriate solutions in direction and administration.
At the first extraordinary session, the 15th National Assembly, the National Assembly approved the Law on amending and supplementing a number of articles of the Law on Public Investment, the Law on Investment in the form of public-private partnership, the Law on Investment, and the Law on Bidding, Electricity Law, Enterprise Law, Special Consumption Tax Law and Civil Judgment Enforcement Law.
In which, the content of amending and supplementing a number of articles of the Law on Special Consumption Tax clearly states: From March 1, 2022 to February 28, 2027 (for the first 5 years), battery-powered electric cars carrying people less than 9 seats shall bear the tax rate of 3%; The type of passenger transport from 10 to under 16 seats is subject to the tax rate of 2%; The type of passenger transport from 16-24 seats is subject to the tax rate of 1%; the type that both carries people and goods is subject to the tax rate of 2%.
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Founded in 2009, Viettonkin Consulting is a multi-disciplinary group of consulting firms headquartered in Hanoi, Vietnam with offices in Ho Chi Minh City, Jakarta, Bangkok, Singapore, and Hong Kong and a strong presence through strategic alliances throughout Southeast Asia. Our firm’s guiding mission is aimed towards facilitating intra-ASEAN investments and connecting investors in Southeast Asia with the rest of the world, thus promoting international business relationships and strengthening inter-nation connections.
