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Cyprus and the Socialist Republic of Vietnam move to negotiations to conclude a Double Tax Treaty in 2015

Cyprus Ministry of Finance announced that a meeting took place  on the 11th of September, between the Permanent Secretary of Cyprus Ministry of Finance and the Deputy Minister for Foreign Affairs of the Socialist Republic of Vietnam. Mr. Bui Thanh Son, the Head of Delegation team of Vietnam visited Cyprus for Advancing Economic Cooperation between the two countries.
Both parties agreed that a potential conclusion of a Convention for the Avoidance of Double Taxation would be prosperous for both countries.
Negotiations between the two counties are expected to take place within 2015 and it is to contribute to further development of the commercial and financial relations between
Cyprus and the Socialist Republic of Vietnam and other countries. Expansion and upgrading the network of Double Taxation Agreements, is of high economic and political importance and aims to further strengthen and attract foreign investment and elevates the importance of Cyprus as an international business center.