On 10 August 2016, the Romanian government authorized the negotiation of a protocol to the 1995 income and capital tax treaty with Vietnam. According to an initial draft, the protocol will amend Articles 2 (Taxes Covered), 3 (General Definitions) and 13 (Capital Gains), and will replace Article 27 (Exchange of Information) to bring it in line with the OECD standard for information exchange.

T…