Finance - Banking - Stock

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…

According to the regulations in Decree 65/2022/ND-CP and Circular No. 30/2023/TT-BTC (updated by ATA Legal Services here), the trading of bonds, including individual bonds, must be conducted through trading members. Specifically, the trading members on the corporate bond trading system at the Stock…

On July 14, 2023, the General Department of Taxation issued Decision 970/QĐ-TCT ("Decision 970") regarding the process of inspecting substitute taxes in place of Decision 746/QĐ-TCT ("Decision 746"). Below, ATA Legal Services will summarize and analyze some noteworthy points in Decision 970: 1. Addition…

On June 30, 2023, the State Bank of Vietnam issued Circular 08/2023/TT-NHNN ("Circular 08") replacing Circular No. 12/2014/TT-NHNN dated March 31, 2014 ("Circular 14") stipulating conditions for foreign loans of enterprises not guaranteed by the Government. According to ATA Legal Services, Circular…

Based on the recommendations of the Vietnam Association of Seafood Exporters and Producers ("VASEP"), on July 12, 2023, the Prime Minister issued Official Letter No. 639/TTg-KTTH ("Official Letter 639"), providing some instructions for central ministries and agencies with the expectation of addressing…

On June 22, 2023, the State Bank issued Circular 05/2023/TT-NHNN ("Circular 05") amending and supplementing provisions of Circular 30/2015/TT-NHNN ("Circular 30") regarding the licensing, organization, and operations of non-bank credit institutions ("NBCIs"). According to the new regulations, there…

Digital transformation in administrative reform is one of the goals that the Government has been promoting in recent years. In asset auction activities, to meet the goal of digital transformation, on July 3, 2023, the Government issued Decree 47/2023/ND-CP ("Decree 47")to amend and supplement a number…

On June 28, 2023, the State Bank of Vietnam issued Circular No. 06/2023/TT-NHNN ("Circular 06") amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN ("Circular 39") regarding lending activities of credit institutions and branches of foreign banks (hereinafter referred to as…