About 5,400 foreigners are refunded VAT

About 5,400 foreigners are refunded VAT

VCN - According to HCM Customs Department, in April 2024, the department refunded VAT worth about VND120 billion for goods of foreigners on exit or the revenue of over VND8.3 billion.
Foreigners entering Vietnam create business cover to trade drugs

Foreigners entering Vietnam create business cover to trade drugs

VCN - There appears Foreigners enter Vietnam under the guise of tourism, visiting relatives, investing in business, etc to disguise themselves and connect with domestic subjects to establish businesses as "fronts" to organize illegal production, sale, and
Ministries asked to facilitate exit, entry by Vietnamese, foreigners

Ministries asked to facilitate exit, entry by Vietnamese, foreigners

Several ministries have been asked to facilitate Vietnamese people and foreigners’ exit from and entry into the country.
HCM City ranks among top 10 cheapest cities for foreigners

HCM City ranks among top 10 cheapest cities for foreigners

Financial news website Business Insider published an article on November 5 featuring 10 cities that have the cheapest living costs for expats from the United States, with Ho Chi Minh City topping the list, followed by Kuala Lumpur in Malaysia, and Bangkok
Should tourist real estate be owned by foreigners?

Should tourist real estate be owned by foreigners?

Attracting foreigners to invest in tourism real estate after Covid-19 will help Vietnam's real estate industry recover, attract foreign currencies and contribute to the country's economy.
How to attract foreigners to invest in tourism real estate?

How to attract foreigners to invest in tourism real estate?

VCN - The open policy of foreign property ownership is vital to attracting foreign investment into the real estate market and tourism real estate in particular.
Over 100 foreigners thank Vietnam after 14-day quarantine ends

Over 100 foreigners thank Vietnam after 14-day quarantine ends

As many as 120 foreigners have expressed their grateful thanks for Vietnamese assistance and support when they were allowed to leave for home from a concentrated quarantine camp in Ho Chi Minh City on April 4.
Foreign ministry informs entry-exit policies for foreigners over COVID-19

Foreign ministry informs entry-exit policies for foreigners over COVID-19

Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang on March 14 answered reporters’ queries about entry and exit policies for foreigners who are subject to temporary suspension of entry into Vietnam within 30 days from 12:00 on March 15, 2020
Rights and obligations of commercial banks and enterprise operating goods eligibled for VAT refunds

Rights and obligations of commercial banks and enterprise operating goods eligibled for VAT refunds

Circular 92/2019/TT-BTC amending and supplementing a number of articles of Circular 72/2014/TT-BTC on refund of Value Added Tax on goods of foreigners
Warning foreigners hidden behind enterprises for transporting drugs

Warning foreigners hidden behind enterprises for transporting drugs

Drug-related crimes involving foreigners in Vietnam have continued occurring complicatedly, with a connection between foreigners and domestic people
Comments collected to amend regulations on VAT refund for foreigners

Comments collected to amend regulations on VAT refund for foreigners

VCN- At the seminar, Deputy Director General of Vietnam Customs Nguyen Duong Thai said implementing the decision of the Ministry of Finance on the development of legal documents in 2019, the General Department of Vietnam Customs has chaired and coordinate
Foreigners still permitted to make term deposits at Vietnamese banks

Foreigners still permitted to make term deposits at Vietnamese banks

Resident and non resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers
Foreigners rush to bring goods into Vietnam for consumption

Foreigners rush to bring goods into Vietnam for consumption

VCN - Vietnam's market with more than 90 million people whose income is rising rapidly is considered a land of potential. Therefore, successive trade promotion programs have been organized recently by other countries in order to promote the sale of goods
Few bank stock options for foreigners

Few bank stock options for foreigners

Although Vietnamese bank stocks appear to have a bright future foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance
Will foreigners be allowed to buy condotels?

Will foreigners be allowed to buy condotels?

Some experts have proposed allowing foreigners to buy condotels in Vietnam to attract the foreign cash flow.
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