Details of the first-time income tax treaty and protocol between Vietnam and Hong Kong, signed on 16 December 2008, have become available. The treaty was concluded in Vietnamese and English, each text having equal authenticity. The Treaty generally follows the UN Model Convention (2001). The maximum rates of withholding tax are: -   10% on dividends; -   10% on interest. Interest shall be exempt when paid to certain specified Government/Government-owned or appointed financial entities; and -   7% on royalties made for the right to use any patent, design or model, plan, secret formula or process and 10% on...