Enterprises

On February 15, 2023, the Government issued Decree No. 05/2023/ND-CP ("Decree 05") supplementing regulations related to professional allowances for civil servants and officials working at public healthcare establishment in Decree No. 56/2011/ND-CP ("Decree 56"). Specifically: Supplementation of a new…

On February 9, 2023, the Ministry of Health issued Circular No. 02/2023/TT-BYT ("Circular 02") amending and supplementing a number of articles of Circular No. 15/2016/TT-BYT dated May 15, 2016 ON occupational diseases entitled to social insurance. Accordingly, occupational COVID-19 is additionally considered…

On November 29th, 2022, the Government issued Decree No. 97/2022/ND-CP (“Decree 97”) on policies for redundant employees in cases of ownership conversion and restructuring of 100%-state-owned single-member limited liability companies (“SMLLCs”). Decree 97 was adopted to replace Decree 63/2015/ND-CP…

Following the Government's Program on reducing and simplifying regulations related to business activities in the period of 2020 – 2025 according to Resolution No. 68/NQ-CP dated May 12, 2020, on August 11, 2021, the Ministry of Planning and Investment (“MPI”) issued Decision No. 1089/QD-BKHĐT (“Decision…

In order to speed up the equitization and divestment and limit the loss of state-owned capital and assets in the process of equitization, divestment and restructuring of state-owned enterprises, on 29/29/05 In November 2022, the Prime Minister issued Decision No. 1479/QD-TTg (“Decision 1479”) approving…

Given the discovery and penalization of a series of violations in the issuance of corporate bond, investor’s confidence in bonds has been seriously reduced. Currently, the issuance of new bonds is almost paralyzed and investors holding other bonds not subject to sanctions also extremely concern about…

Under Article 17.2 of the 2020 Law on Enterprises and Article 40.6 of the 2012 Law on Cooperatives on subjects who are not allowed to establish and manage enterprises, cooperatives or cooperative unions, in which mentioning those whose positions and authorities as prescribed in the Anti-Corruption Law…

In order to assist transport businesses in overcoing difficulties due to the impact of Covid-19, on September 29, 2022, the Ministry of Finance issued Circular 59/2022/TT-BTC (“Circular 59”) simultaneously reducing several fees and charges for transport business activities during the period from 01/10/2022…

On 30/9/2022, the State Bank of Vietnam (“SBV”) issued Circular No. 12/2022/TT-NHNN (“Circular 12”) guiding foreign exchange administration for foreign borrowing and foreign debt repayment of enterprises, replacing Circulars No. 03/2016/TT-NHNN dated February 26, 2016 (amended and supplemented by: Circular…

The rapidly growing corporate bond market has exposed many risks of this capital raising method. The consequences of these risks are extremely serious, evident from several incidents. The severity of those cases has rendered this market almost freezing. In that context, on September 16, 2022, the Government…

Recently, a series of tragic fires occurred at karaoke service businesses, causing tremendous damages to both people and properties. At the same time, the problem of karaoke businesses not ensuring security and order also makes people extremely angry. In order to restrain this situation, on September…

On August 31, 2022, the Government issued Decree 58/2022/ND-CP (“Decree 58”) replacing Decree 12/2012/ND-CP (“Decree 12”) in order to amend and supplement regulations on registration and management of operation of foreign non-governmental organizations (“FNGOs”) in Vietnam. Decree 58 has various changes…

One of the principal missions in innovating administrative procedures, which is focused on by ministries, departments and localities, is fulfilling the legal framework; strictly governing the implementation of administrative procedures; and reviewing, proposing the reduction of inappropriate administrative…

The 2018 Law on Cybersecurity has been promulgated, taking effect from January 1, 2019. However, its enforcement has not satisfied the practice. Therefore, on August 15, 2022, the Government issued Decree No. 53/2022/ND-CP (“Decree 53”) detailing a number of articles of the Law on Cybersecurity. Decree…

In order to concretize regulations on compulsory insurance in construction investment activities according to Decree 20/2022/ND-CP dated March 10, 2022 and Decree 119/2015/ND-CP dated November 13, 2015, recently, on August 11, 2022, the Ministry of Finance issued Circular 50/2022/TT-BTC (“Circular 50”)…