Finance - Banking - Stock

Facing the impact of the Covid-19 pandemic on education, especially on non-public preschool and primary education, on August 11, 2022, the Government issued Resolution 103/NQ-CP (“Resolution 103”) on subsidies for managerial officials, teachers, and employees of non-public preschools and primary education…

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…

Pursuant to Article 5 of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies for supporting socio-economic recovery and development program in 2022 and 2023, the Prime Minister, the head of the competent authority may consider and decide the direct…

On July 29, 2022, the Government issued Decree 49/2022/ND-CP (“Decree 49”) amending and supplementing some articles of Decree No. 209/2013/ND-CP (“Decree 209”) guiding the implementation of the Law on Value Added Tax (“VAT”). The highlights of that Decree that businesses need to pay attention to are…

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.…

From August 2022, various remarkable new policies for businesses shall come into force, specifically as follows: Deposit being withdrawn prematurely still enjoy high interest Pursuant to Circular No. 04/2022/TT-NHNN, from August 1, 2022, in case of premature deposit withdrawal in part/in whole, the…

On July 13, 2022, the Ministry of Construction issued Decision 610/QD-BXD (“Decision 610”) on the Announcement of the investment unit cost and construction unit cost of structural assemblies in 2021. This is the basis for agencies, organizations and individuals involved in the construction investment…

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…

On July 12, 2022, the State Bank of Vietnam (“SBV”) issued Circular 09/2022/TT-NHNN (“Circular 09”) guiding foreign exchange management for prize-winning electronic games for foreigners. This Circular contains a number of amendments and supplementations related to the activities and responsibilities…

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…

Previously, contractors were encouraged by law to purchase third-party civil liability insurance. However, from July 1, 2022, when Decree No. 20/2022/ND-CP dated March 10, 2022 of (hereinafter referred to as “Decree 20”) revising a number of articles of Decree 119/2015/ND-CP (“Decree 119”) comes into…

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 24/06/2022, the Ministry of Finance issued Circular No. 38/2022/TT-BTC (“Circular 38”) stipulating the amount, collection and payment regime of charges for issuing construction licenses and architectural practice certificates. Circular 38 shall officially take effect from August 8, 2022 and shall…

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…