The risks of doing business in Vietnam.

The article explores risks that foreign-invested enterprises (FIEs) should consider when doing business in Vietnam. Reports from local media have suggested that Vietnamese authorities believe that transfer pricing and tax evasion are synonymous. The real estate market in the country is also heavily regulated and has tax issues. Another challenge FIEs should consider is the heavy congestion in major cities in the country. The author explains that there is relatively little opportunity for taxpayers to appeal to authorities' decisions on additional tax payments or penalties, thus they need to prepare valid documentation.