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On February 28, 2025, the Government issued Decree 49/2025/NĐ-CP, stipulating the threshold for temporary exit suspension for individuals and organizations with tax debts. The decree specifies the criteria regarding the amount and duration of tax debt as the basis for applying exit suspension measures,…

Value-Added Tax (VAT) plays a crucial role in regulating the economy, contributing to State revenue, and also supporting economic development during various periods. Currently, this matter is governed by the VAT Law 2008, amended and supplemented by laws in 2013, 2016, and other legal documents (hereinafter…

On November 29, 2024, the National Assembly issued Law No. 56/2024/QH15, which amends and supplements several provisions of various laws ("Law No. 56"), including several notable changes related to the Securities Law. Compared to the draft previously mentioned by ATA in its special report on September…

On November 6, 2024, the Minister of Finance issued Circular 76/2024/TT-BTC ("Circular 76") providing guidance on information disclosure and reporting regimes related to the private placement and trading of corporate bonds in the domestic market as well as the offering of corporate bonds in international…

On November 15, 2024, the Government promulgated Decree No. 152/2024/ND-CP, which amends several provisions of Decree No. 62/2015/ND-CP detailing and guiding the implementation of certain provisions of the Civil Enforcement Law (hereinafter referred to as "Decree No. 152"). A key highlight of Decree…

The State Bank of Vietnam has recently introduced Circular No. 50/2024/TT-NHNN on October 31st, 2024, which sets forth new regulations for security and privacy in online banking services. This circular supersedes previous circulars (No. 35/2016/TT-NHNN and 35/2018/TT-NHNN) and aims to strengthen the…

On October 30, 2024, the Board of Members of the Vietnam Securities Depository and Clearing Corporation (VSDC) issued Decision No. 48/QD-HĐTV (“Decision No. 48”) promulgating the Regulations on Clearing and Settlement of Securities Transactions at VSDC, replacing Decision No. 15/QD-HĐTV. The new Regulations…

On August 1, 2024, the General Department of Taxation issued Official Letter No. 3390/TCT-CS in response to the Gia Lai Provincial Tax Department regarding the VAT policy applicable to the transfer of Voluntary Emission Reduction (VER) certificates ("Official Letter 3390"). VER is described as a credit…

On June 29, 2024, the National Assembly officially enacted Law No. 43/2024/QH15 ("Amendment Law") amending and supplementing certain provisions of the Land Law No. 31/2024/QH15 ("Land Law"), Housing Law No. 27/2023/QH15 ("Housing Law"), Real Estate Business Law No. 29/2023/QH15 ("Real Estate Business…

On June 27, 2024, the National Assembly promulgated the Law amending and supplementing several articles of the Law on Property Auction No. 01/2016/QH14, which had previously been amended and supplemented by Law No. 16/2023/QH15 (hereinafter referred to as the “Law on Property Auction 2024”). The amendments…

On July 10, 2024, the Government issued Decree No. 85/2024/ND-CP ("Decree 85") detailing several Articles of the Price Law 2023. Decree 85 replaces Decrees No. 177/2013/ND-CP and No. 149/2016/ND-CP, which provided guidance on the 2012 Price Law (hereinafter collectively referred to as “Decree 177”).…

The negative impacts from the world economic situation in general and the internal difficulties of the Vietnamese economy in the current period have significantly affected the production and business activities of enterprises, leading to a decline inability to repay bank principal/interest. According…

On June 28, 2024, the State Bank of Vietnam issued Circular 15/2024/TT-NHNN (“Circular 15”) regulating the provision of non-cash payment services. Circular 15 introduces several noteworthy new provisions as follows: 1. The State Bank strictly manages the provision of payment services through Payment…

On June 28, 2024, the State Bank of Vietnam issued Circular 18/2024/TT-NHNN (“Circular 18”) regulating bank card operations. Circular 18 primarily supplements new regulations to strengthen the measures of organizations in ensuring safety in card transactions following the implementation of biometric…

On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 19/2024/TT-NHNN ("Circular 19") amending Circular 08/2023/TT-NHNN ("Circular 08") on conditions for foreign loans without government guarantees. Circular 19 has introduced several new types of foreign loans and regulations related…