Advance in Vietnam

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Dedicated to international investors seeking to understand the Vietnamese business environment, business professionals already operating in Vietnam part of a regional structure and entrepreneurs looking to grow their business in a sustainable and efficient manner, Advance in Vietnam Podcast Series seeks to answer pertinent questions about doing business in Vietnam. Hosted by Vlad Savin and Matthew Lourey, the series will feature current topics relating to business, compliance and corporate governance in Vietnam, emphasising challenges and opportunities faced by investors.

Acclime


    • Jun 24, 2024 LATEST EPISODE
    • infrequent NEW EPISODES
    • 24m AVG DURATION
    • 38 EPISODES


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    Latest episodes from Advance in Vietnam

    Transforming Vietnam's Manufacturing Sector from Low Cost to High Productivity

    Play Episode Listen Later Jun 24, 2024 22:33


    In this episode of the #AdvanceinVietnam podcast series, Rizwan Khan, our Managing Partner sits down with Vlad Savin, our Partner for a conversation focused on Transforming Vietnam's #manufacturing sector: Shifting from low cost to high productivity. This discussion covers key topics such as: - Practical insights on the potential of the manufacturing sector in Vietnam - How digital transformation benefits the overall value chain of the export economy - The trade benefits that have positioned Vietnam as a key supply chain diversification location globally.

    Accounting in Vietnam: principles and best practices for foreign investors

    Play Episode Listen Later Mar 1, 2024 18:08


    In this episode, Vlad Savin, Partner at Acclime Vietnam sat down with Matthew Lourey, Founder and Acclime Ambassador to discuss the intricacies of accounting practices tailored to the Vietnamese market, offering invaluable insights for investors navigating the financial landscape. Whether you're a seasoned investor or exploring new opportunities, this podcast is your comprehensive guide to understanding the essentials of Accounting in Vietnam.

    Preparing your Business for the Annual Tax and Audit cycle in Vietnam

    Play Episode Listen Later Dec 21, 2023 24:14


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam a crucial topic for businesses operating in Vietnam - preparing for the annual tax finalisation and year end audit.

    Navigating the Repatriation of Funds for Foreign Investors in Vietnam

    Play Episode Listen Later Oct 30, 2023 19:32


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about regulatory provisions and international best practices for repatriation funds relevant for foreign investors who undertake business in Vietnam.

    Fintech in Vietnam: Licensing and Market Entry provisions for foreign investors

    Play Episode Listen Later Sep 11, 2023 21:27


    In this episode, we are discussing about the requirements, processes and procedures for foreign investors seeking to start a Fintech business in Vietnam, delving into the approval levels with various ministries, business lines, types of licenses and restrictions for certain activities.

    Setting up and Structuring a Manufacturing Business in Vietnam

    Play Episode Listen Later Jul 10, 2023 29:33


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about the regulatory and market entry requisites governing the manufacturing sector, and seek to explain the practicalities of establishing and operating a production facility in Vietnam.

    7 Strategies Employed by Successful Investors in Vietnam

    Play Episode Listen Later Jun 9, 2023 24:40


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about how successful investors develop their practices and mindset while undertaking business operations in Vietnam.

    The Vital Role of the Chief Representative in Vietnam: Risks and Solutions for Investors

    Play Episode Listen Later Apr 24, 2023 16:00


    The Chief Representative role is a risk, and one that can expose foreign investors when using the Representative Office structure. In this podcast we will explore the importance of the Chief Representative role in a Representative Office in Vietnam, highlighting some of the structural and statutory risks investors should be aware of when appointing this vital position. The key areas of discussion are: Responsibilities and liabilities of the Chief Representative Non-Compliance risks for the Chief Representative Rep Office dissolution and practical notes Tax risks and liabilities

    Reporting and compliance requirements for foreign investors in Vietnam – the complete calendar

    Play Episode Listen Later Mar 27, 2023 25:07


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about the reporting and compliance framework for international investors operating in Vietnam, breaking down and explaining all the key compliance obligations within a calendar year.

    IFRS in Vietnam – the road ahead and key actions for investors in 2023

    Play Episode Listen Later Feb 24, 2023 22:53


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about the IFRS implementation roadmap in Vietnam, key differences between the 2 systems and practical steps for investors to action now, in order to be prepared for the 2025 compulsory switch to IFRS for the majority of businesses operating in Vietnam. Some of the key topics covered are: implementation roadmap up to 2025 and beyond key difference between IFRS and VAS which businesses are required to switch to VFRS challenges and gaps within the transition process tax implications with the new accounting standard action steps to prepare and maintain compliance

    Transfer Pricing in Vietnam – Increased regulatory and administrative focus

    Play Episode Listen Later Jan 3, 2023 20:29


    In this Advance in Vietnam Podcast episode, we discuss about the latest transfer pricing requirements in Vietnam, current regulatory changes and how investors maintain compliance and ensure they are protected upon an inspection from the authorities. Some of the key areas of discussion are: Significant shift from the Vietnamese authorities in the past 12 months towards actively reviewing, enforcing, and challenging transfer pricing documentation Current thresholds for being classified ‘related party of an enterprise' Key TP documents and deadlines for submission Exemptions and case studies Acceptable arm's length range for pricing Advanced Pricing Agreements

    A complete guide to employing foreign experts in Vietnam

    Play Episode Listen Later Oct 21, 2022 34:47


    In this episode, we are discussing about the practical requirements, best practices and legal framework relating to employing foreign experts in Vietnam. We cover entry visas, work permit process and exemptions, labour contract types and probation models, timelines and practical notes on the foreign expert labour market in Vietnam.

    Key representatives in a Vietnamese enterprise: a guide for foreign investors

    Play Episode Listen Later Sep 5, 2022 25:28


    In this episode, we discuss about the most important statutory positions in a Vietnamese enterprise, key roles and responsibilities, and cover practical insights on assigning these roles to protect and minimise the risk of the investors and the integrity of investment structure.

    Pros and Cons for utilising an Employer of Record in Vietnam

    Play Episode Listen Later Jun 20, 2022 24:24


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about how international investors can utilise the employer of record model, and what are the benefits, risks and challenges from an international perspective associated with this labour outsourcing model.

    Representative Office vs Foreign Owned Company: choosing the right market entry structure in Vietnam

    Play Episode Listen Later May 16, 2022 26:06


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about the key differences between foreign invested companies in Vietnam and Representative Offices, highlighting benefits and risks each structure type and common practice insights for choosing your market entry model into Vietnam.

    How should investors prepare for tax inspections in Vietnam: practical insights and solutions

    Play Episode Listen Later Apr 19, 2022 30:44


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about how foreign investors can deal with inspections from the Vietnamese tax authorities, what are the best practices when preparing for a tax inspection, case studies and other important prerequisites to minimise non-compliance and statutory risks.

    Foreign invested vs. locally owned business in Vietnam: key differences and benefits

    Play Episode Listen Later Mar 23, 2022 22:18


    In this episode, we discuss about the key differences between foreign invested companies in Vietnam and locally owned entities, highlighting the benefits and risks of each type of structure and practical insights for choosing your market entry model into Vietnam. Some of the topics of discussion are: Common process for setting up a generic foreign owned enterprise Benefits for having a foreign owned entity in Vietnam Key differences for locally owned entities in Vietnam and registration process How authorities treat the foreign and locally owned companies in Vietnam, from a compliance and reporting perspective What are the potential risks for a foreign investor when considering setting up a locally owned company in Vietnam Downsides and issues to consider for investors who choose to register a foreign owned enterprise in country Viable option for investors to choose the locally owned entity route, and why would it make sense from a business perspective

    Clarifying Work Permits in Vietnam in 2022 – current practice, updates and exceptions

    Play Episode Listen Later Jan 27, 2022 24:51


    In this episode, we discuss work permits in Vietnam, looking at the most recent updates from the Vietnamese authorities, current practice in the application process, special provisions to be aware of, exemptions and case studies. Some of the key topics of discussion: Latest updates as of 2022 regarding the work permit application process Differences of 3 types of Work Permit applications: Expert application, Management application and Technical expert application Work permit exemptions and special provisions Validity of labour contracts with foreign individuals without a WP or WPE in Vietnam Non-compliance with Work Permit regulations – legal consequences for employers and employees Case studies and exemption provisions for foreign individuals married with Vietnamese citizen

    2022 Regulatory updates and how to prepare your business for the year ahead

    Play Episode Listen Later Jan 13, 2022 26:51


    In this episode, we discuss the changes and updates on regulations and policies relevant for international investors in Vietnam in 2022, with insights on taxation, employment, incentives, and other important compliance provisions.

    Foreign Investment and Vietnam in 2022: Resilience and Tapping the Growth Potential

    Play Episode Listen Later Nov 29, 2021 29:08


    We are discussing the challenges foreign investors had to overcome this year during the extensive lockdown period in Vietnam, some of the case studies and creative solutions they adopted to sustain their operations, and how 2022 can enable forward-thinking investors to tap into the growth potential of the Vietnamese market.

    Corporate governance under Covid-19: impacts and thoughts for business

    Play Episode Listen Later Sep 9, 2021 26:52


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about how foreign investors operating in Vietnam ensure to maintain their compliance systems and business continuity plans during the latest lockdown in the major business hubs, and how to take advantage of the government support and other opportunities in the market.

    What should foreign investors consider when buying or selling a business in Vietnam

    Play Episode Listen Later Aug 2, 2021 26:52


    In this episode, we discuss about how foreign investors should undertake buying into or selling businesses in Vietnam, looking at the key prerequisites and important risk elements they should consider in the transaction process.

    What you should know about Vietnam's immigration and work permit issues during Covid-19 in 2021

    Play Episode Listen Later Jun 24, 2021 19:57


    In this episode, we are discussing about the current challenges foreign individuals living and working in Vietnam are facing in regard to their immigration status, residency prerequisites and work permit issues. These matters have become more prevalent in the last few months due to the authorities' focus on the immigration and labour compliance for foreign individuals in Vietnam, creating a significant amount of distress and confusion in the expat community.

    Repatriating funds for foreign investors in Vietnam: misconceptions and best practices

    Play Episode Listen Later May 20, 2021 21:11


    In this episode, we are discussing about the ways corporations and individuals doing business and working in Vietnam can repatriate funds abroad in a compliant and tax efficient manner, looking at dividends, capital gains, salaries, and other types of income from various revenue sources.

    Community Building and Investment Opportunities from Europe into Vietnam

    Play Episode Listen Later Apr 26, 2021 26:52


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam and Guido van Rooy, Executive Director at the Dutch Business Association in Vietnam about the investment opportunities which exist in the European and Vietnamese business communities. We will seek to understand how to bridge the market gap so that international investors can access the information and resource flow between Netherlands, EU and Vietnam and have a successful market entry process in Vietnam.

    Understanding Transfer Pricing in Vietnam - Risks and Opportunities

    Play Episode Listen Later Mar 22, 2021 24:42


    In this episode, we discuss about the transfer pricing provisions in Vietnam. We will cover the current regulations in regard to transfer pricing, outlining specific elements regarding the TP documentation, guidance on tax deductibility of interest, application timeline and opportunities for savings.

    Understanding Personal Income Tax in Vietnam (PIT)

    Play Episode Listen Later Feb 9, 2021 24:42


    In this podcast episode we discuss about how individuals that are working, investing or living in Vietnam can assess and understand their personal income tax obligations, looking at types of taxes, thresholds, available deductions and specific provisions which they should be aware of.

    E-commerce in Vietnam: licensing, trading and registration provisions for foreign investors

    Play Episode Listen Later Jan 14, 2021 24:42


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about requirements, processes and procedures for foreign investors seeking to start an e-commerce business in Vietnam, delving into the approval levels with various ministries, business lines, types of licenses and restrictions for certain activities.

    Obligations and opportunities for foreign providers of digital services selling into Vietnam

    Play Episode Listen Later Dec 9, 2020 24:42


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Acclime Vietnam about foreign providers of digital products selling into Vietnam, looking at the broad digital media spectrum. We will seek to explain what are the newest taxation compliance provisions in Vietnam for these entities, and delve into the efficient structures that can be implemented in country for an effective revenue and tax strategy.

    Understanding Taxation for Companies Operating in Vietnam

    Play Episode Listen Later Oct 1, 2020 24:42


    In this episode of ‘Advance in Vietnam Podcast Series', we are discussing about taxation compliance in Vietnam, looking at effective tax strategies, incentives, double tax agreements and understanding how companies manage their tax obligations in a proactive manner.

    Issues in Managing Accounting and Compliance in Vietnam for International Groups

    Play Episode Listen Later Jul 28, 2020 24:42


    In this episode, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about the issues international groups are facing when undertaking group financial reporting for their worldwide subsidiaries, and how they can integrate their Vietnamese compliance system in their operational control function at the headquarters.

    Corporate Structures in Vietnam for Foreign Investors – Recommendations and Distinctions

    Play Episode Listen Later Jun 23, 2020 23:01


    In this episode, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about the most common structures foreign investors use when entering Vietnam, looking at appropriate investment vehicles, relevant operating structures, responsibilities and requirements for key representatives of foreign owned businesses in Vietnam.

    7 Critical Mistakes Investors Make After Starting a Business in Vietnam

    Play Episode Listen Later May 27, 2020 23:01


    In this episode, I'm discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about the most consequential mistakes foreign investors make after establishing their business in Vietnam, and advise on how to avoid these problems from the beginning, or how to mitigate their risks if they couldn't have been avoided.

    Labour, Employment, Work Permit and Residency Insights in Vietnam

    Play Episode Listen Later May 12, 2020 31:13


    In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about labour and employment updates for Vietnamese companies and how employers can ensure they remain compliant with the changing laws and regulations, looking as well at new provisions for residency and work permits for foreign individuals based in Vietnam.

    What foreign investors should consider when entering Vietnam and in the first year of activity?

    Play Episode Listen Later Apr 20, 2020 27:18


    In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate about the key considerations foreign investors should be aware of when entering the market in Vietnam, and how to make sure they commence their operations in a correct and compliant manner.

    Managing Compliance and Risk – How Businesses cope with Covid-19 in Vietnam?

    Play Episode Listen Later Mar 31, 2020 29:00


    In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services about how companies in Vietnam can maintain compliance and ensure their business continuity plan is sustainable. How can businesses put in place a clear corporate governance framework, covering all levels of compliance and operational strategy? And, how can they integrate these with an efficient risk management approach and a clear employee protection policy, to overcome the difficulties they are facing and maintain their ability to operate?

    Registering a Foreign Owned Company in Vietnam. How does it work?

    Play Episode Listen Later Mar 19, 2020 19:46


    In the second Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate Services the most important questions investors ask when registering a foreign owned company in Vietnam, covering the main steps to obtain the needed certificates, and explaining in detail what are the key processes and procedures.

    The Chief Accountant - Key Role within a Vietnamese Organisation?

    Play Episode Listen Later Feb 28, 2020 20:01


    The Chief Accountant is a significant role within organizations operating in Vietnam, and companies should take extra care to make sure the role is taken by someone with qualifications and expertise. But WHY is the Chief Accountant a critical part of a company? What are their responsibilities and functions, and what are the risks attached to this valuable statutory position in Vietnam?

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