AmCham Vietnam | Poorly Made in China: An Inside Account of the Tactics Behind China’s Production Game

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Letter from the Chair, AmCham Vietnam (HCMC), May 2009 Perhaps you have noticed that Vietnam seems to be weathering the global economic crisis surprisingly well, when compared to some other countries. Read more …

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Poorly Made in China: An Inside Account of the Tactics Behind China’s Production Game

“Quality fade”: Chinese factories transform what were profitless contracts into lucrative relationships. The production cycle is the opposite of the theoretical model of continuous improvement. After resolving teething problems and making products that match specifications, innovation inside the factory turns to cutting costs, often in ways that range from unsavoury to dangerous. Packaging is cheapened, chemical formulations altered, sanitary standards curtailed, and on and on, in a series of continual product debasements.

2009 Personal Income Tax exempted Jan 1 - Jun 30, 2009; payable from Jul 1, 2009

The Vietnamese National Assembly voted in favour of a 2009 Personal Income Tax (PIT) permanent exemption to further stimulate the Vietnamese Economy. Thus, most expatriates and Vietnamese Nationals living in Vietnam will effectively have to pay PIT on their Salary & Wages (including employer provided fringe benefits) from 1 July, 2009.

Sep 23, 2009 Deadline for Some FBAR Filers

Taxpayers who reported and paid tax on all their 2008 taxable income but only recently learned of their FBAR filing obligation and have insufficient time to gather the necessary information to complete the FBAR, should file the delinquent FBAR report according to the instructions and attach a statement explaining why the report is filed late. Click the link for details.