In this we highlight a couple of recent developments in Vietnam that may impact individuals and their multinational employers.This article excerpts, with permission, the following article: Sponsorship Costs of Commercial Events Are Not Deductible; No VAT on Credit Guarantee Services; Rules for Gross-Up of Employment Income in KPMG LLPs TaxNewsFlash-Asia/Pacific No. 2010-36 October 7, 2010.