
Vietnam tightens foreign worker requirements with new decree
Through a new Decree, Vietnam authorities has implemented additional requirements for the employment of a foreign worker such as job posting for local candidates for instance.
May 7, 2024

In the dynamic world of finance and business, timely and accurate financial reporting is crucial for decision-making, assessing performance, and meeting regulatory requirements. Maintaining a regular and up-to-date bookkeeping is thus significant to visualize the performance of the company. At RBA, we understand that managing your company’s finances can be a complex and time-consuming task. That is why we offer a range of essential accounting services to ensure that your business operates at its full potential. Quarterly bookkeeping Accurate and up-to-date financial records are the backbone of any successful business. Regular bookkeeping reduces the risk of financial discrepancies and errors,...

As a foreigner, opening a bank account in some countries in Asia can be challenging.However, in Vietnam, the process to open a bank account is less complicated, as long as all required documents are properly provided.The required documents may vary depending on the banks, but the basis documentation remains the same. I) Individual As an individual, whether it is a digital bank or a classic bank, it will normally be mandatory to provide:• A valid passport; • one of three following valid documents issued for a period of at least 12 months (the minimum period may vary depending on the...

On the 11 January 2022, the Vietnamese Government has adopted the Resolution No. 43/2022/QH15, about VAT policy and CIT deductions in Vietnam, with the objectives to: In order to attain those objectives, this Resolution, effective since the 1st of February 2022, has implemented a reduction to the VAT (Value-Added Tax) as well as a measure for CIT (Corporate Income Tax) deductions for the year 2022. 1. Reduction of the VAT The Resolution No. 43/2022/QH15 has implemented a reduction of 2% in 2022 for goods and services previously subject to 10% VAT (so now 8%), except for the following goods and...

As you may know, MBIA recently launched it’s Digital Platform, to help you manage your business online. The platform was developed by BeCorps. Here is everything you need to know about the platform, and our partner company. Introducing Becorps Digital platforms are online solutions that enable multiple tasks to be performed in the same place through the internet. These platforms have become an essential part of the business landscape in recent years. Building a digital platform will enable faster innovation, higher-quality, and improved reliability. And they provide all this at a reduced cost for less time. That’s why we offer...

Don’t miss any business deadline in 2021 in Vietnam with our Deadlines Calendar 2021 !Payment, taxes, business reports, lodgements, public holidays… RBA is happy to offer your this useful document.You can also download it here : RBA Vietnam – Deadlines calendar. ——————————————————–My Business Asia is the best offer to help you for your accounting, corporate services, business set up, company incorporation,corporate services, business structure and tax management, in Vietnam, Thailand, Hong-Kong and Singapore

RISK AND CRISIS MANAGEMENT IN THE COVID-19 ERA Companies are facing unprecedented times as the measures being deployed to slow the spread of the novel coronavirus (“COVID-19”) are impacting capital markets, supply chains, and business operations. The uncertainties of the current environment serve as a powerful reminder to the Management of the demand for risk management and crisis planning. WHAT TO DO WHEN THE UNTHINKABLE HAPPENS Companies must understand the main scenarios that could most impact them and invest in appropriate control and response measures that reflect the exposure. Companies should continue to think of business continuity as a phased...
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