Doing Business in Vietnam - Singapore Institute of Directors
Doing Business in Vietnam - Singapore Institute of Directors
Doing Business in Vietnam - Singapore Institute of Directors
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<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Vietnam</strong>:<br />
Practical Insights, Pert<strong>in</strong>ent Issues<br />
Co-organized by: Ernst & Young, KhattarWong and<br />
S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong><br />
Date: Friday, 4 March 2011<br />
Time:<br />
9:00 a.m. to 12:30 p.m.<br />
Registration start at 8:30 a.m.<br />
Session will be followed by lunch<br />
Venue: Mar<strong>in</strong>a Mandar<strong>in</strong>, Capricorn ballroom, Level 1<br />
Fee:<br />
Special rate:<br />
S$340 nett for non-members<br />
S$270 nett for SID members and<br />
clients <strong>of</strong> Ernst & Young and KhattarWong<br />
Co-organized by:
Program details and registration form<br />
Co-organized by: Ernst & Young, KhattarWong<br />
and S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong><br />
<strong>Directors</strong><br />
Date: Friday, 4 March 2011<br />
Time:<br />
Venue:<br />
Fee:<br />
Special rate:<br />
Payment options<br />
9:00 a.m. to 12:30 p.m.<br />
Registration starts at 8:30 a.m.<br />
Session will be followed<br />
by lunch<br />
Mar<strong>in</strong>a Mandar<strong>in</strong><br />
Capricorn ballroom, Level 1<br />
S$340 nett for non-members<br />
S$270 nett for SID members<br />
and clients <strong>of</strong> Ernst & Young<br />
and KhattarWong<br />
You may wish to make payment either<br />
through cheque payment or telegraphic<br />
transfer as follows:<br />
Cheque payment<br />
Make cheque payable to:<br />
“S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong>”<br />
and send it to the follow<strong>in</strong>g address:<br />
Ms Olivia Kam<br />
S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong><br />
3 Shenton Way #15-08<br />
Shenton House<br />
S<strong>in</strong>gapore 068805<br />
Telegraphic transfer<br />
Bank name: DBS Bank Limited<br />
Branch name: Raffles Place Branch<br />
Bank code: 7171<br />
Beneficiary name:<br />
S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong><br />
Account number: 048-016620-2<br />
Swift code: dbsssgsg<br />
Note: all bank charges are to be borne<br />
by the applicant.<br />
Synopsis<br />
<strong>Vietnam</strong> is one <strong>of</strong> the world’s fastest grow<strong>in</strong>g economies, with an impressive 5.3% GDP growth<br />
dur<strong>in</strong>g the global f<strong>in</strong>ancial crisis <strong>in</strong> 2009, 6.8% <strong>in</strong> 2010 and forecasted 7.0% <strong>in</strong> 2011, accord<strong>in</strong>g<br />
to the Asian Development Outlook 2010 Update report.<br />
With the government’s efforts towards economic liberalization and <strong>in</strong>ternational <strong>in</strong>tegration,<br />
<strong>Vietnam</strong> presents ample bus<strong>in</strong>ess opportunities to those <strong>in</strong> the know. Through this session,<br />
we aim to provide you with practical <strong>in</strong>sights <strong>in</strong>to do<strong>in</strong>g bus<strong>in</strong>ess <strong>in</strong> <strong>Vietnam</strong>. Through a panel<br />
discussion, we also <strong>of</strong>fer you the opportunity to discuss your concerns and views with our<br />
speakers, panelists and peers. Our panelists <strong>in</strong>clude senior corporate executives with vast<br />
experiences <strong>in</strong> do<strong>in</strong>g bus<strong>in</strong>ess <strong>in</strong> <strong>Vietnam</strong>.<br />
We will cover the follow<strong>in</strong>g areas <strong>of</strong> <strong>in</strong>terest:<br />
• Legal and regulatory implications and other practical issues you should consider<br />
when <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> <strong>Vietnam</strong><br />
• Licens<strong>in</strong>g and import restrictions, real estate and labour laws<br />
• Key tax regimes <strong>in</strong> <strong>Vietnam</strong>, tax-effective strategies, and pitfalls you should avoid<br />
• Tax <strong>in</strong>centives available for direct foreign <strong>in</strong>vestment and how to secure them<br />
• Relevant account<strong>in</strong>g and audit<strong>in</strong>g requirements for foreign companies and differences<br />
<strong>in</strong> compliance and practices <strong>in</strong> comparison with S<strong>in</strong>gapore<br />
Program<br />
8:30 a.m. Registration<br />
9:00 a.m. Open<strong>in</strong>g remarks<br />
By Sovann Giang, Executive Director<br />
S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong><br />
9:05 a.m. Presentation 1: <strong>Do<strong>in</strong>g</strong> bus<strong>in</strong>ess <strong>in</strong> <strong>Vietnam</strong> – practical legal issues<br />
By W<strong>in</strong>ston Seow, Partner, Corporate and Securities Laws<br />
KhattarWong<br />
10:05 a.m. Break<br />
10:20 a.m. Presentation 2: Understand<strong>in</strong>g tax issues and know<strong>in</strong>g the pitfalls<br />
By Hoang Vu Phan, Director, Tax and Advisory Services<br />
Ernst & Young <strong>Vietnam</strong> Limited<br />
11:00 a.m. Presentation 3: Account<strong>in</strong>g and audit<strong>in</strong>g implications and practical issues<br />
By Ernest Yoong, Partner, Assurance Services<br />
Ernst & Young <strong>Vietnam</strong> Limited<br />
11:20 a.m. Break<br />
11:30 a.m. Panel Q & A session<br />
Laurent Levan, Chief Executive Officer<br />
FairPrice International (2010)Pte Ltd<br />
Thuy Hagan, Vice Chairwoman, V<strong>in</strong>group<br />
W<strong>in</strong>ston Seow, Partner, Corporate and Securities Laws<br />
KhattarWong<br />
Ernest Yoong, Partner, Assurance Services<br />
Ernst & Young <strong>Vietnam</strong> Limited<br />
Hoang Vu Phan, Director, Tax and Advisory Services<br />
Ernst & Young <strong>Vietnam</strong> Limited<br />
Sovann Giang, Executive Director<br />
S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong> (Moderator)<br />
12:30 p.m. Lunch and network<strong>in</strong>g session<br />
1 Company registration number: 199904940D
<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Vietnam</strong>:<br />
Practical Insights, Pert<strong>in</strong>ent Issues<br />
Friday, 4 March 2011<br />
Registration form<br />
Please complete the registration form and fax only this page to the follow<strong>in</strong>g by Friday, 25 February 2011.<br />
Fax: +65 6227 9186<br />
Ms Florence Lum Tel: +65 6227 2838 Email: florence@sid.org.sg<br />
Ms Serene Chia Tel: +65 6227 2838 Email: serene@sid.org.sg<br />
Our company would like to register the follow<strong>in</strong>g persons for the program:<br />
1) First (Surname) name: Last (Given) name:<br />
Designation:<br />
SID member: S$270 nett Membership number:<br />
Ernst & Young client:<br />
KhattarWong client:<br />
Non- member: 么 么<br />
S$270 nett<br />
S$270 nett<br />
S$340 nett<br />
阿 2) First (Surname) n ame: Last (Given) name:<br />
Designation:<br />
SID member: S$270 nett Membership number:<br />
Ernst & Young client:<br />
KhattarWong client:<br />
Non- member: 么 么<br />
S$270 nett<br />
S$270 nett<br />
S$340 nett<br />
Submitted by:<br />
Company name:<br />
Contact person:<br />
Contact number:<br />
Mail<strong>in</strong>g address:<br />
Email address:<br />
Signature & date:<br />
Payment option(s):<br />
i) Bank name/cheque number: Total amount:<br />
Cheque payable to: S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong><br />
Attn: Ms Olivia Kam<br />
Mail<strong>in</strong>g address: S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong>, 3 Shenton Way #15-08, Shenton House, S<strong>in</strong>gapore 068805<br />
ii)<br />
Telegraphic transfer<br />
Payment details:<br />
Bank name: DBS Bank Limited, branch: Raffles Place Branch, bank code: 7171<br />
beneficiary name: S<strong>in</strong>gapore <strong>Institute</strong> <strong>of</strong> <strong>Directors</strong>, account number: 048-016620-2, swift code: dbsssgsg<br />
Bank name:<br />
Reference number:<br />
Registration, refund and cancellation policy<br />
1) Please fax your registration form to +65 6227 9186 to secure a seat by Friday, 25 February 2011.<br />
2) Registration form and payment must reach the Secretariat five work<strong>in</strong>g days before the sem<strong>in</strong>ar.<br />
3) SID reserves the right to refuse admission if payment is not received <strong>in</strong> full before the event.<br />
4) No refund will be given if participant wishes to withdraw from the event. However substitute delegates are welcomed, subject to<br />
SID be<strong>in</strong>g notified at least three work<strong>in</strong>g days before the event <strong>of</strong> the details <strong>of</strong> the substitute delegate.<br />
5) A no-show fee <strong>of</strong> S$340 (for SID non-members) or S$270 (for SID members and clients <strong>of</strong> Ernst & Young and KhattarWong)<br />
respectively will be charged if participant fails to attend the event after registration.<br />
Company registration number: 199904940D<br />
2
Ernst & Young<br />
Assurance | Tax | Transactions | Advisory<br />
About Ernst & Young<br />
Ernst & Young is a global leader <strong>in</strong> assurance, tax,<br />
transaction and advisory services. Worldwide, our<br />
141,000 people are united by our shared values and<br />
an unwaver<strong>in</strong>g commitment to quality. We make a<br />
difference by help<strong>in</strong>g our people, our clients and our<br />
wider communities achieve their potential.<br />
Ernst & Young refers to the global organization <strong>of</strong><br />
member firms <strong>of</strong> Ernst & Young Global Limited, each<br />
<strong>of</strong> which is a separate legal entity. Ernst & Young<br />
Global Limited, a UK company limited by guarantee,<br />
does not provide services to clients. For more<br />
<strong>in</strong>formation about our organization, please visit<br />
www.ey.com<br />
www.ey.com<br />
About KhattarWong<br />
KhattarWong is a firm with established global<br />
alliances and more than 120 lawyers and<br />
pr<strong>of</strong>essionals <strong>in</strong> S<strong>in</strong>gapore, Ch<strong>in</strong>a, Hong Kong,<br />
<strong>Vietnam</strong>, Malaysia, Indonesia and Thailand.<br />
Our areas <strong>of</strong> practice <strong>in</strong>clude bank<strong>in</strong>g, f<strong>in</strong>ance &<br />
property, corporate & securities laws, crim<strong>in</strong>al law,<br />
litigation & dispute resolution, <strong>in</strong>tellectual property<br />
& technology, shipp<strong>in</strong>g, and tax & trusts.<br />
Our clientele comprises global Fortune 500<br />
companies, listed and non-listed companies,<br />
government m<strong>in</strong>istries and authorities, banks,<br />
f<strong>in</strong>ancial <strong>in</strong>stitutions and <strong>in</strong>surance companies.<br />
© 2011 Ernst & Young Solutions LLP.<br />
All Rights Reserved.<br />
FEA no. 12000125<br />
Ernst & Young Solutions LLP (UEN T08LL0784H) is a limited liability<br />
partnership registered <strong>in</strong> S<strong>in</strong>gapore under the Limited Liability<br />
Partnerships Act (Chapter 163A).