Enterprises

In Decision No. 376/QD-TTg dated March 17, 2021, the Prime Minister sets the goal that by 2030, at least 100 patented drugs, vaccines, medical biological products, and drugs that Vietnam has not been able to produce, must be technologically transferred. In order to achieve the goal set out in Decision…

On July 28, 2023, the Governor of the State Bank of Vietnam ("SBV") issued Circular No. 09/2023/TT-NHNN guiding the implementation of certain provisions of the Anti-Money Laundering Law ("Circular 09"). Circular No. 09 guides criteria and methods for assessing money laundering risks of reporting entities;…

Clause 2 of Article 17 of the 2020 Law on Enterprises and Section 4 of Article 62 of the 2023 Cooperative Law stipulate provisions regarding entities that are not authorized to establish and manage enterprises or cooperatives, federations of cooperatives, which includes references to individuals holding…

On July 24, 2023, the Government issued Decree No. 56/2023/ND-CP ("Decree 56") to amend and supplement specific provisions of Decree No. 96/2016/ND-CP on the conditions for security and order regarding specific sectors and occupations with conditional business investments, and Decree No. 99/2016/ND-CP…

Based on the recommendations of the Vietnam Association of Seafood Exporters and Producers ("VASEP"), on July 12, 2023, the Prime Minister issued Official Letter No. 639/TTg-KTTH ("Official Letter 639"), providing some instructions for central ministries and agencies with the expectation of addressing…

Holding the role of “leader” of the country's economy, for many years, Ho Chi Minh City has been prioritized to apply many particular mechanisms and policies to unleash resources and exploit all potentials for development. Specifically, on November 24, 2017, the National Assembly issued Resolution 54/2017/QH14…

After the 2022 Insurance Business Law ("IBL") (which was updated by ATA Legal Services here) was enacted, on 01/7/2023, the Government issued Decree No. 46/2023/ND-CP ("Decree 46") guiding certain provisions of the IBL, specifically regulating the organization and operation of insurance enterprises,…

On June 13th, 2023, Ho Chi Minh’s Social Insurance On June 13, 2023, Ho Chi Minh City Social Security issued Official Letter No. 2747/BHXH-TST ("Official Letter 2747") guide the signing of contracts for voluntary social insurance collection services, self-closing health insurance (hereinafter referred…

On June 21st, 2023, the Government issued Decree 36/2023/ND-CP (“Decree 36”) stipulating the extension of the tax payment deadline for the amount of SCT payable incurred in the tax period of months 6, 7, 8, and 9 of 2023 for domestically manufactured or assembled cars. Decree 36 specifies the following:…

On January 9, 2023, the National Assembly promulgated Resolution 81/2023/QH15 on the 2021 – 2030 national master plan, vision to 2050 ("Resolution 81"). This is the first time the National Assembly has issued a master plan for the whole country, creating orientation and motivation for Vietnam's economic…

On May 12, 2020, the Government issued Resolution 68/NQ-CP on the program to reduce and simplify regulations related to business activities from 2020 to 2025. To implement this Resolution, within the scope of business activities under the management function of the Ministry of Public Security, on June…

On May 16, 2023, the General Department of Taxation issued Official Letter 1798/TCT-TTKT (“Official Letter 1798”) on reviewing and handling illegal invoices, in which a list of 524 enterprises with risks of illegal invoices was published (mostly businesses in Ho Chi Minh City and some businesses in…

This is the principle emphasized in the Official Telegram No. 469/CD-TTg dated May 25, 2023, of the Prime Minister (“Official Telegram 469”) on the continued implementation of dismantling and promoting the real estate market. produce safe, healthy, and sustainable development. Official Telegram 469…

From the beginning of 2023, the Government has issued Resolution No. 01/NQ-CP on significant tasks and solutions to implement the social and economic development plan, state budget estimates, and improvement of the business environment and enhancement of national competitiveness in 2023. The Resolution…

In the fast-paced economy, competition among countries in attracting foreign investment in the post-COVID-19 period is increasingly fierce, however, the management of foreign investment activities in Vietnam still remains inadequate and inconsistent. To overcome these shortcomings, in order to improve…