Our publications to help business leaders across various sectors to develop a deeper understanding of the local and global economy.
Vietnam Customer Experience Excellence Report 2021
Having gone through the COVID-19 pandemic, citizens around the globe, including Vietnam, have adopted a new-normal lifestyle. As a result, businesses need to adjust their approach to consumers. Check out our latest report to see how companies have performed during the upheaval and gain insights on the supply chain domain.
On 8 October 2021 the Inclusive Framework (IF) on Base Erosion and Profit Shifting released details of an agreement which refines the statement of 1 July 2021. In terms of consensus, 136 of the 140 Inclusive Framework countries have agreed to this release. Learn more about the latest October update of the agreement in this article.
KPMG 2021 CEO Outlook
Optimism is back in the boardroom. It’s been about 18 months since the World Health Organization declared a global pandemic, and the latest edition of our CEO Outlook survey gauges how leadership strategies and concerns have shifted during these demanding times.
IFRS - Is it the responsibility of only accountants? (VN article)
The difference between VAS and IFRS is expanding and creating numerous conflicts for companies. What are the benefits of IFRS adoption and what is the framework in Vietnam?
The on-demand economy is accelerating the speed of transformation all over the world. What is it and how have businesses adapted to the emerging market demands?
Concentrating on the practical, up-to-date guidance on financial reporting and legal requirements for your consideration.
The General Department of Taxation (“GDT”) issued the Official Letter No. 4110 dated October 27, 2021 on the tax treatment related to Covid-19 expenses (“OL 4110”). According to OL4110, the GDT lists out a number of expense items that shall not be taken into account for PIT calculation of the employees whilst being deductible for Corporate Income Tax (“CIT”) if the expenses are incurred and are supported by legitimate supporting documents,
On 14th December 2021, the Social Insurance Agreement (“the SIA”) between Vietnam and Korea was signed by the Minister of Labour, War Invalids and Social Affairs (Vietnam) and the Minister of Health and Welfare (Korea) on behalf of the Governments of the two countries.
According to Decree No. 07/2016/ND-CP dated 25th January 2016 of the Government (“Decree 07”) guiding the Commercial Law on representative offices of foreign entities (“RO”) in Vietnam, ROs are required to submit an annual operation report (“Annual Report”) to the provincial Department of Industry and Trade no later than 30th January of the following year.
On 8 November 2021, the Government enacted Decree No. 98/2021/ND-CP on management of medical
devices (“Decree 98”). Decree 98 will come into effect on 1 January 2022 and replace Decree No. 36/2016/
ND-CP dated 15 May 2016 (amended by Decree No. 169/2018/ND-CP and Decree No. 03/2020/ND-CP)
The Draft Decree amending Decree 111 (Decree guiding the development of supporting industries ("SI")) with the aim to clarify some regulations on determination of SI incentives, expanding the list of SI products, and also adding more criteria for permission of SI incentive.
Vietnam at a glance
Overview of key economic trends and financial regulations that influence the landscape in Vietnam.
*New* IFRS Academy
KPMG Vietnam and the State Securities Commission (SSC) join forces to provide IFRS training to staff members from SSC, Hanoi Stock Exchange and Ho Chi Minh Stock Exchange to catch up with the application of IFRS.
As explained in the previous article,
accounting infrastructure development contracts in Vietnam faces various issues related to intangible assets, depreciation of fixed assets and interest expenses. IFRIC 12 can suggest the solution.
*New* IFRS Academy
The adoption of
International Financial Reporting Standards (
IFRS) may offer effective solution to unresolved issues in accounting infrastructure development contracts in Vietnam.
Macroenvironment & Statistics
In general, Vietnam promulgates a principle to treat local and foreign investor equally. However, at national privilege, Vietnam still restricts market entry of foreign investment in some...
Recent years observed the international economic integration through the participation into many free trade agreements/ communities such as the WTO, CPTPP, EVFTA, and UK-Vietnam FTA...
Sector & Industry
The supply chain practice of the past will no longer be sufficient to support the future marketplace in an optimal way.
This survey report will provide insights about the supply chains in Vietnam, in terms of ‘Where we are' to 'Where to go next' and 'How to go’.
The COVID-19 pandemic may mean that common working capital warning signs flare up earlier. Companies should monitor internal metrics and business partner performance for red flags, and prepare a list of contingency options....
SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send/receive...
Over the past two decades, Vietnam has achieved laudable improvements in key quality of life metrics such as life expectancy, infant mortality, and access to affordable medicines...
In recent years, customer experience has become one of the key factors for a company’s success. More companies in Vietnam have realized the importance of customer experience...
The infrastructure sector has been an unsung hero of the COVID-19 crisis. Despite the complete disruption to how our economies operate and how we live our lives...
The IFRS Roadmap in Vietnam was officially announced in Decision No.345/QD-BTC on 16 March 2020 by the Ministry of Finance (MoF), a year after introduction of the draft version. Against the mandate by the MoF...
Updating the latest tax audit trends and changes in 2021.
Our slides from the 2020 Tax and Legal Institute
Ms Le Thi Kieu Nga
Partner, Corporate Tax
Mr Ta Hong Thai
Partner, Corporate Tax