The Model for an International Financial Center: No Room for Delay with Outdated Thinking
Vietnam is exploring models to develop international financial centers, charting a path for Ho Chi Minh City (HCMC) and Da Nang. To rise as a regional financial hub, the choice of model cannot afford hesitation rooted in outdated thinking. Aspiration The year 2024 marked a pivotal moment in Vietnam’s economic institutional reforms. On November 15, 2024, the Politburo issued Notification No. 47-TB/TW, endorsing the establishment of regional and international financial centers in Vietnam. Accordingly, HCMC is set to become a comprehensive international financial center, while Da Nang will serve as a regional financial hub. To implement this policy, on December 31, 2024, the Government issued Resolution 259/NQ-CP, outlining a detailed action plan and assigning 49 task groups to 12 ministries, agencies, and localities. This demonstrates a clear transition from political resolve to concrete action. HCMC plans to utilize a 9.2-hectare…
How is Personal Income Tax calculated for Foreigners and Vietnamese?
The calculation of personal income tax for foreigners and Vietnamese having income from salaries and wages can be calculated in the form of partially progressive or deduction before payment. …
How Can You Obtain a Permanent Resident Card in Vietnam?
In This Article Who Qualify Procedures Processing time and fee Validity A permanent residence card (PRC) is the perfect solution for foreigners who intend to reside in Vietnam for a…
How to marry in Vietnam as a foreigner?
Recently, many policies related to marriage registration between Vietnamese citizens and foreigners have been changed, with the main purpose of creating favorable conditions for foreigners to do business, live, get…
How should foreigners in Vietnam fill out the information form for a Temporary Resident Card?
Foreigners who are residing in Vietnam must have Temporary Resident Card in accordance with law provisions. Hereafter is the latest declaration form for a Temporary Resident Card which is issued…
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