Webinar: Managing Compliance For Representative Offices In Vietnam
March 22, 2024
Managing compliance for Representative Offices (RO) in Vietnam entails additional responsibilities beyond basic compliance. It includes labor, immigration, personal income tax/social insurance for employees, regulatory requirements, and certain statutory reports required by various authorities.
From our data of the Department of Industry and Trade, as of the end of 2023, we realise that there are thousands of Representative Office of foreign traders in nationwide, specifically there are more than 3,000 in Ho Chi Minh City, of which, many of them have limited resources to take care of the compliance issues that are changed frequently.
This leads to a result that many Representative Offices have faced to administrative penalties imposed by the licensing authority due to late amendments, failure/late submissions or scope of operations are not complied with the prevailing regulations.
The key consideration is how the Representative Office can identify the impact from the prevailing legislations to handle them effectively.
In order to help Representative Offices comply with all of the requirements and minimize any associated risks during the license renewal or withdrawal process, Talentnet conducts online seminars to help them gain an understanding of the regulations’ practices.
Webinar highlights
Four highlighted topics to be shared and discussed at the webinar:
- Foreign trader’s Representative Office (RO) at a glance
- General compliance requirements of a RO in Vietnam from establishment, ongoing operation and exit
- 04 key considerations and risk managements of a RO:
Regulatory requirements,
Labor and employment relations,
Employment tax and social insurance contributions,
Chief Representative - Planning ahead
Our speakers
Tune in for sharing from our caliber trainers:
- Mr. Tran Ngoc Thich – Head of Legal, Talentnet
- Ms. Van Doan – Associate Director, Payroll Outsourcing Service, Talentnet
Contact information
For any queries, kindly contact:
Mr. Đoàn Khánh Hoàng
doan.khanh.hoang@talentnet.vn
(84 28) 6291 4188 – Ext. 368
