Finance - Banking - Stock

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Letter 4168/TCT-TVQT to the Tax Departments of provinces and centrally-run cities announcing that the prints are no longer valid.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…

According to Official Letter No. 62652/CTHN-TTHT dated 25/08/2023 responding to an enterprise's dispatch on tax policy when paying by personal credit card ("Official Letter 62652"), the Hanoi City Tax Department instructs that in case the enterprise authorizes an individual who is an employee of the…

On September 7, 2023, the Ministry of Finance issued Circular No. 60/2023/TT-BTC ("Circular 60") regulating the collection rate, regime of collection, payment, exemption and management of fees for registration and issuance of road motor vehicle plates (hereinafter referred to as "Fees for issuance of…

Recently, the General Department of Taxation issued Decision 970/QD-TCT[1] on the tax inspection process with the aim of strengthening tax inspection on the basis of applying risk management mechanisms, applying information technology to tax inspection in order to detect, and prevent and promptly handle…

On August 9, 2023, the State Bank of Vietnam issued Circular No. 6248/NHNN-TD ("Circular 6248") regarding guidance on implementing Circular No. 02/2023/TT-NHNN ("Circular 02") on the restructuring of repayment terms and maintaining debt categories to support clients facing difficulties. Circular 6248…

In the context of ongoing economic challenges and to further prioritize economic growth promotion, on August 23, 2023, the State Bank issued Circular No. 10/2023/TT-NHNN ("Circular 10") to suspend the enforcement of certain provisions of Circular No. 39/2016/TT-NHNN (as amended and supplemented by Circular…

On July 28, 2023, the Governor of the State Bank of Vietnam ("SBV") issued Circular No. 09/2023/TT-NHNN guiding the implementation of certain provisions of the Anti-Money Laundering Law ("Circular 09"). Circular No. 09 guides criteria and methods for assessing money laundering risks of reporting entities;…

On July 28, 2023, the Government issued Resolution No. 115/NQ-CP on the specialized session for lawmaking in July 2023 (“Resolution 115”). During the session, the Government outlined directions for building and amending various legal provisions in legislative documents, including the Asset Auction Law;…

On September 16, 2022, the Government issued Decree 65/2022/ND-CP requiring enterprises to register and conduct issued transactions of bonds on the individual corporate bond trading system at the Stock Exchange. Implementing the above-mentioned regulations, on July 10, 2023, the Vietnam Stock Exchange…