Finance - Banking - Stock

In response to the economic difficulties, the National Assembly has decided to continue the value-added tax (VAT) reduction policy that has been in effect since 2022. Specifically, on November 29, 2023, the National Assembly issued Resolution No. 110/2023/QH15, which includes a content to reduce the…

On November 29, 2023, the National Assembly passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the application of additional corporate income tax (“CIT”) according to the Regulation on preventing basic erosion. Global Anti Base Erosion (hereinafter referred to as “Global Minimum Tax Regulations")…

In order to promote the trend of cashless payments in Vietnam and enhance security to prevent fraudulent activities, scams, and minimize risks in online transactions, on December 18, 2023, the State Bank of Vietnam issued Decision No. 2345/QD-NHNN to replace Decision 630/QD-NHNN dated March 31, 2017…

Law on credit institutions requires non-bank credit organizations to establish an internal control system appropriate to their operations. Previously, the State Bank of Vietnam issued Circular 44/2011/TT-NHNN dated December 29, 2011, regulating the internal control system and internal audit applicable…

Over the past period, state agencies, ministries, boards, and sectors have proactively and actively implemented the government's directives and management regarding strengthening access to credit, promoting effective and sustainable development in the corporate bond market (CBM) and real estate sector…

On November 29, 2023, the General Department of Taxation issued Official Letter No. 5329/TCT-DNNCN ("Official Letter 5329"), guiding tax declaration for leasing real estate by business households. According to Article 5 of Decree No. 02/2022/NĐ-CP detailing the implementation of the Real Estate Business…

According to the provisions in Article 2 of Decision No. 37/2020/QD-TTg on the establishment, organization, and operation of the Vietnam Stock Exchange, HOSE is tasked with organizing, operating, and managing the stock trading market, while HNX is responsible for organizing, operating, and managing…

On October 31, 2023, the Governor of the State Bank of Vietnam issued Circular No. 13/2023/TT-NHNN amending and supplementing certain provisions of Circulars regulating the issuance of licenses, organization, operations, and documentation, procedures, and approval processes for certain changes of commercial…

On November 7, 2023, the Prime Minister issued Decree No. 78/2023/ND-CP ("Decree 78") amending and supplementing several articles of Decree No. 32/2017/ND-CP on state investment credit ("Decree 32"). Accordingly, ATA Legal Services has updated the following contents: 1. To supplement more projects to…

On October 18, 2023, the General Department of Taxation issued Official Letter 4619/TCT-CS instructing the Khanh Hoa Department of Taxation on several issues on the tax obligations of enterprises ("Official Letter 4619"). Official Letter 4619 provides detailed guidance on the criteria for determining…

To implement the Government's Resolution 68/NQ-CP on the program to reduce and simplify regulations related to business activities in the period of 2020 – 2025, on October 18, 2023, the Prime Minister issued Decision No. 1205/QD-TTg approving the plan to reduce and simplify regulations related to business…

"Recently, a series of policies regarding land rental reduction have been issued by the Government to support organizations and individuals in recovering and stabilizing their production and business. The most recent one is the policy to reduce land rental by 30% for the year 2023 for those affected…

To encourage small and medium enterprises (SMEs), the Government has established the Small and Medium Enterprise Development Fund ("the Fund") with the main function of providing loans and funding for innovative startups and SMEs participating in industry clusters and value chains. On October 4, 2023,…

On September 20, 2023, the General Department of Taxation issued Official Letter 4168/TCT-TVQT to the Tax Departments of provinces and centrally-run cities announcing that the prints are no longer valid. ATA Legal Services sends customers forms of tax collection receipts and tax withholding documents…

Previously, detailed guidelines on compulsory motor vehicle owner's civil liability insurance, compulsory fire insurance and compulsory insurance in construction activities were stipulated by the Government in three separate Decrees including: Decree No. 03/2021/ND-CP issued on January 15, 2021 ("Decree…