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Tech can lead Vietnam past middle-income trap

SUPPORTING local tech firms as they strive for technological advancements is a vital part of Vietnam’s efforts to beat the middle-income trap and become a developed economy. To escape the middle-income trap, Vietnam must have a yearly growth rate of 6.5%-7% or individual income must grow 5.5%-6% each year, according to Nguyen Xuan Thanh from […]

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Cash usage in Vietnam remains highest in ASEAN

The Hanoitimes – Vietnam posted the highest rate of cash on delivery for internet purchase at 90.17%, significantly higher than the second ranked Indonesia of 65.30%. The preference of cash usage in Vietnam is of the highest in ASEAN, according to Standard Chartered’s latest report. The report, titled “Cash digitization in ASEAN – What it means […]

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Vietnam’s Transfer Pricing Regulations – Compliance Strategies

Vietnam’s transfer pricing regulations under Decree No. 20/2017/ND-CP (“Decree 20”) became effective in May 2017 and outline all relevant aspects of the transfer pricing compliance process. Foreign investors should consider the following when creating a compliance strategy for transfer pricing in the country. What are the main transfer pricing compliances? According to regulations, taxpayers subject to Decree 20, if […]

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