“SICK” ADMINISTRATIVE CAPACITY OF SMALL AND MEDIUM ENTERPRISE

“SICK” ADMINISTRATIVE CAPACITY OF SMALL AND MEDIUM ENTERPRISE

Unprofessional capacity management is one of the potential causes of long-standing disputes in the model of small and medium-sized enterprises.
According to experts, corporate governance is the mechanisms and regulations through which a company is operated and controlled. Corporate governance defines the rights and responsibilities among different members of the company, including the Board of Directors, Executive Board, Supervisory Board, shareholders and other members of the company.
Good governance is the foundation for the long-term development of the business, which means high efficiency and benefits for investors. Corporate governance is also a tool to help separate ownership from management.
Enterprises in Vietnam have been gradually interested in building a methodical way of management. However, in reality, the governance capacity of Vietnamese enterprises is at different levels and uneven, especially in small and medium-sized enterprises.
For example, in the type of joint stock company, stories happen, such as issuing a resolution today, modifying it tomorrow, canceling it the next day… Or implementing resolutions despite the decision of the procedural authorities. This can lead to unpredictable consequences, disputes lasting many years, affecting the production and business situation of enterprises.
https://vneconomy.vn/bat-benh-nang-luc-quan-tri-cua-doanh-nghiep-nho-va-vua.htm
From fiscal year 2022, we, Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network started to develop programs to support businesses through select services filtered on the Vietnamese market such as corporate risk management (accounting, tax, legal…), applying management accounting function to actual operations of enterprises to improve efficiency the enterprise business administration.

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 Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel(zalo/WhatsApp/Line): 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

VIETNAM ECONOMY IS READY TO RECOVER

VIETNAM ECONOMY IS READY TO RECOVER

In the first 4 months of this year, export turnover of goods increased by over 16%. Businesses returned to production and scaled up more and more.
Show with 15 Free Trade Agreements have been signed, the latest is the Regional Comprehensive Economic Partnership (RCEP) implemented from January 1, 2022. These free trade agreements are effectively supporting Vietnamese enterprises to actively expand production scale and improve quality to conquer many major markets in the world.
Recently, the Ministry of Finance has issued a Government sheet a draft Decree on tax payment deadlines for businesses and business households. This is the basis to expect businesses to continue to have more resources to invest in production and business, helping to recover and grow faster in the coming time.
https://vtv.vn/kinh-te/kinh-te-viet-nam-san-sang-hoi-phuc-20220521054925937.htm

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 Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

NEW  VIETNAMESE GOVERNMENT’S ACTIONS FOR THE PRIVATE ECONOMY

NEW  VIETNAMESE GOVERNMENT’S ACTIONS FOR THE PRIVATE ECONOMY

Notably, according to the Ministry of Planning and Investment, the role and contribution of the private economy to socio-economic development is limited and has not yet responded to the correct function. The contribution of the private sector to GDP has not yet reached the target and most of it comes from the household business sector (about 30%), the contribution of the private business sector is less than 10% currently.
The objective of the program is to strive that by 2025 there will be about 1.5 million operating enterprises, of which there are about 60,000 to 70,000 medium and large enterprises. Forming and developing strong, potential and competitive private economic groups in the domestic and international markets. Striving to increase the contribution rate of the private sector to GDP to about 55% by 2025.
https://vietnamnet.vn/he-lo-chuong-trinh-hanh-dong-moi-cua-chinh-phu-danh-cho-kinh-te-tu-nhan-2012212.html
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 Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

THE VIETNAMESE MINISTRY OF INDUSTRY AND TRADE COMPLETES THE DRAFT LAW ON CONSUMER PROTECTION (AMENDED)

THE VIETNAMESE MINISTRY OF INDUSTRY AND TRADE COMPLETES THE DRAFT LAW ON CONSUMER PROTECTION (AMENDED)

After nearly 3 months of posting for public comments on the Draft Law on Consumer Protection (amended), the Ministry of Industry and Trade is urgently discussing and finalizing the Draft Law.
At the meeting, members of the Drafting Committee and the Editorial Team focused on discussing, giving opinions and completing the Draft Law; in which, some hotly discussed issues include the concept of consumer; protect vulnerable consumers; responsibility to protect consumer information; protect the interests of consumers in transactions with digital platform applications; Prohibited acts…
https://bnews.vn/bo-cong-thuong-hoan-thien-du-an-luat-bao-ve-quyen-loi-nguoi-tieu-dung-sua-doi/239478.html
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 Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

M&A TRANSACTIONS OF FOREIGN BUSINESSES MORE THAN DOUBLE THE INCREASE PROJECT

M&A TRANSACTIONS OF FOREIGN BUSINESSES MORE THAN DOUBLE THE INCREASE PROJECT

Investment through capital contribution transaction, share purchase (often referred to as transaction M&A) in Vietnam by foreign investors in 1-2022 is more than 2 times higher than that of newly licensed FDI projects in the same period time.

Investors from Korea, Singapore, China, etc. are guiding the investment quantity through capital contribution and share purchase transactions of Vietnamese enterprises.

Capital poured through M&A transactions also doubled compared to the same period last year, as foreign investors have increased the form of capital contribution, buying shares of domestic enterprises rather than FDI direct investment.

https://thesaigontimes.vn/giao-dich-ma-cua-doanh-nghiep-nuoc-ngoai-cao-hon-gap-doi-so-du-an-dau-tu-truc-tiep/

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Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

 

POINTS WHEN FINALIZING PERSONAL INCOME TAX.

POINTS WHEN FINALIZING PERSONAL INCOME TAX.

At Point 9.9, Clause 9 of Appendix I – List of tax declaration dossiers issued together with Decree No. 126/2020/ND-CP dated October 19, 2020 of the Government stipulating cases where organizations and individuals do not incur pay PIT taxable income, then you do not have to declare PIT for that month/quarter.

Point d, Clause 6, Article 8 of Decree 126/2020/ND-CP and Official Letter 636/TCT-DNNCN stipulate some cases where PIT finalization will not be required. First, organizations and individuals which pay incomes from salaries or wages and do not generate income are not required to declare PIT finalization. That is, in the personal income tax period, if wages and salaries are not paid to employees, they are not required to declare PIT finalization.

According to Clause 4, Article 44, Chapter IV, Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, the deadline for PIT finalization on income in 2021 is prescribed as follows:

  • No later than the last day of the 3rd month from the end of the calendar year or fiscal year for the annual tax finalization filing.
  • No later than the last day of the 4th month from the end of the calendar year for personal income tax finalization records of individuals who directly finalize tax at tax office.

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Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources