If a foreign business wants to convert the RO into a PE but has been carrying out activities as per local laws, it could activate a licensing risk. Therefore, foreign businesses should ensure that their RO performs activities as per the DTA guidelines. In addition, if the RO performs activities that are outside its scope, it may be subject to additional tax in Vietnam.
WhatsAppGet PriceGet A QuoteIn 2019, Vietnam’s garment and textile industry earned US$39 billion from exports, a year-on-year increase of over 8.3 percent, according to the Vietnam General Statistics Office. Garment manufacturing accounts for the majority of businesses, at 70 percent. Major factors driving the growth of the market are low labor costs and growing textile exports to the EU, the US, Japan, and South Korea.
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WhatsAppGet PriceGet A QuoteCryptocurrency arrived in Vietnam in 2009, and the likes for Bitcoin, Ethereum, Litecoin and Ripple started to appear in the form of an alternative for cold hard cash. People were in search of different ways to transfer and receive money from the overseas bank account without any hassles & heavy fees and found a better option in Cryptocurrencies.
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WhatsAppGet PriceGet A QuoteHanoi, Vietnam and Noida, India, December 10, 2020 – HCL Technologies Ltd (HCL), a leading global technology company, today announced its entry into Vietnam. Marking its presence within the region, HCL aims at boosting employment, providing resources and skilling local talent to serve its global clients. Founded in 1976, HCL helps enterprises reimagine their businesses for the digital age. A
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