Enterprises

On May 20, 2022, the Government issued Decree 31/2022/NĐ-CP (“Decree 31”) on interest subsidies provided by the State budget for loans of enterprises, co-operatives, household businesses (hereinafter referred to as “Enterprises”). In order to instruct commercial banks to implement the interest subsidies…

In order to support employees and employers affected by the Covid-19 pandemic, the National Assembly’s Standing Committee adopted Resolution No. 03/2021/UBTVQH15 (“Resolution 03”) dated September 24, 2021 on using 30.000 billion VNĐ from balance of the Unemployment Insurance Fund by the end of 2020…

On 25/7/2022, the Ministry of Industry and Trade issued Circular 12/2022/TT-BCT (“Circular 12”) stipulating working hours, rest periods for employees operating, maintaining and repairing gas distribution pipeline system and gas construction after agreed with the Ministry of Labor and Social Affairs.…

The business evaluation and classification are mandatory annual activities of state-owned enterprises (“SOEs”), based on various criteria, including “revenue” and “profit”[1]. Since SOEs have been decreased their revenue and profit due to their participation in the prevention and control of the Covid-19…

On July 12, 2022, the General Department of Taxation issued Official Letter No. 2455/TCT-DNNCN (“Official Letter 2455”) guiding the settlement of problems in the implementation and operation of electronic invoices from 1, 2022. Official Letter 2455 has a number of contents that businesses need to pay…

Recently, the Government has issued Decree No. 31/2022/ND-CP (“Decree 31”) on interest rate subsidies from the state budget for loans of enterprises, cooperatives and business households. On the same day, the Governor of the State Bank also issued Circular No. 03/2022/TT-NHNN (“Circular 03”) to commercial…

Along with the globalization and the development of information technology, commercial frauds are increasingly common, sophisticated and complex in a larger scale. Vietnam is a dynamic, highly open economy with extensive international economic integration, so trade and investment activities of enterprises…

The 2020 Law on Environmental Protection (“LEP”) has supplemented various obligations of organizations and individuals compared to the previous Law of 2014. In that spirit, on July 7, 2022, the Government issued Decree 45/2020/ND-CP (“Decree 45”) on administrative sanctions in the field of environmental…

It is one of many new regulations in Decree No. 35/2022/ND-CP (“Decree 35”) of the Government, dated May 28, 2022, on management of industrial parks (“IPs”), economics zones (“EZs”). Decree 35 shall replace Decree No. 82/2018/ND-CP (“Decree 82”) and take effect as of July 17, 2022. Compared to Decree…

On June 16, 2022, The National Assembly has just ratified the Law on Insurance Business (“LOIB”) No. 08/2022/QH15, replacing the LOIB 2000, amended and supplemented in 2010. The LOIB 2022 acquires new regulations promoting and facilitating insurance business activities in Vietnam, including many amended…

On June 23, 2022, the General Department of Taxation issued Official Letter No. 2194/TCT-KK 2022 (“Official Letter 2194”) on organizing the implementation of the contents specified in Decree No. 34/2022/ND-CP extending the payment deadline of value added tax, corporate income tax, personal income tax…

On June 21, 2022, the Social Insurance (“SI”) Agency of Ho Chi Minh City issued Official Letter No. 3288/BHXH-QLT (“Official Letter 3288”) guiding the implementation of payment of SI, health insurance (“HI”), unemployment insurance (“UI”), occupational accident and disease insurance (“OADI”) from July…

On July 7, 2021, the Prime Minister issued Decision No. 23/2021/QD-TTg (“Decision 23”) regulating the implementation of a number of policies to support employees and employers being in difficulty due to the Covid-19 pandemic. Pursuant to Decision 23, the State will support enterprises with a insurance…

On June 12, 2022, the Government issued Decree No. 38/2022/ND-CP (“Decree 38”) stipulating the minimum wage for employees working under employment contracts. Decree 38 officially took effect from 01/07/2022, replacing Decree 90/2019/ND-CP. In addition to increasing the regional minimum wage, Decree…

Recently, the National Assembly has adopted the Law No. 03/2022/QH15 amending and supplementing a number of articles of the Law on Public Investment, the Law on Investment in the form of public-private partnership, the Law on Investment, the Law on Housing, the Law on Bidding, the Law on Electricity…