Review Category : News

DAVOS, Switzerland — U.S. President Donald Trump on Thursday said he would rejoin the Trans-Pacific Partnership trade deal, which he decided to exit back in January 2017, if “we made a much better deal than we had.”

The 11 remaining TPP members just Tuesday set a date for signing a revised version of the deal. Trump had previously refused to rejoin the trade pact despite repeated calls by Japanese Prime Minister Shinzo Abe, choosing instead to focus on bilateral agreements. But he appears to have changed tack amid pressure from U.S. business leaders.

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On 22 December 2017, the President of the United States signed into law a bill originally introduced in the House of Representatives as the “Tax Cuts and Jobs Act” (H.R. 1).  The law change represents the most comprehensive overhaul of the US tax system in more than 30 years. It may influence companies’ global supply chains, location of functions and intellectual property, financing, and financial reports. With respect to Vietnam, the changes are most relevant to US multinationals with operations in Vietnam and US operations of Vietnam investors. However, given the influence US companies have on the global economy, its effects could be far broader.

Please join us as EY US Tax specialists, as well as local experts, discuss how the new tax law changes will affect both US multinationals as well as Vietnam corporations with US operations and how corporations should consider and be prepared for going forward.

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​Newly-arrived United States Ambassador to Vietnam Daniel Kritenbrink affirmed Washington’s commitment to Vietnam, saying President Donald Trump completely trusts the Southeast Asian country, at an event in Ho Chi Minh City on Wednesday.

Kritenbrink, the successor to former U.S. Ambassador Ted Osius, was among the keynote speakers at a conference titled Vietnam – U.S. Relations Under President Donald Trump’s Administration.

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