Finance - Banking - Stock

On June 7, 2023, the Ministry of Finance issued Circular 37/2023 (“Circular 37”) to replace Circular 188/2016 (“Circular 188”) stipulating the collection rate, the regime of collection, payment, management, and use of driving test fees; fees for granting diplomas and certificates to operate on all kinds…

One of the issues that need to be resolved immediately to remove difficulties for businesses and people, as requested by the Prime Minister at Official Dispatch 470/CD-TTg (Updated here by ATA), is to complete the review for applications for value-added tax refunds. In order to create a basis for tax…

In 2019, the Ministry of Construction issued Circular No. 20/2019/TT-BXD ("Circular 20") to determine and manage construction planning and urban planning costs. Accordingly, the cost of an appraisal of planning plans is determined to be the expenses that the appraisal authorities must pay directly for…

On June 5, 2023, the Prime Minister issued Decision No. 17/2023/QD-TTg (“Decision 17”) amending and supplementing a number of articles of Decision No. 31/2007/QD-TTg dated March 5, 2007, on credit for production and business households in disadvantaged areas (“Decision 31”) and Decision No. 92/2009/QD-TTg…

The collection of environmental protection fees for mineral exploitation is implemented in order to contribute to raising the awareness and responsibility for environmental protection of organizations and individuals exploiting minerals; encourage investment in technology development, efficient and…

On May 16, 2023, the General Department of Taxation issued Official Letter 1798/TCT-TTKT (“Official Letter 1798”) on reviewing and handling illegal invoices, in which a list of 524 enterprises with risks of illegal invoices was published (mostly businesses in Ho Chi Minh City and some businesses in…

This is the principle emphasized in the Official Telegram No. 469/CD-TTg dated May 25, 2023, of the Prime Minister (“Official Telegram 469”) on the continued implementation of dismantling and promoting the real estate market. produce safe, healthy, and sustainable development. Official Telegram 469…

From the beginning of 2023, the Government has issued Resolution No. 01/NQ-CP on significant tasks and solutions to implement the social and economic development plan, state budget estimates, and improvement of the business environment and enhancement of national competitiveness in 2023. The Resolution…

In the fast-paced economy, competition among countries in attracting foreign investment in the post-COVID-19 period is increasingly fierce, however, the management of foreign investment activities in Vietnam still remains inadequate and inconsistent. To overcome these shortcomings, in order to improve…

On May 12, 2023, the Government promulgates Decree 23/2023/ND-CP ("Decree 23") amending and supplementing a number of articles of Decree 89/2016/ND-CP on conditions for foreign currency exchange agency activities, provision of foreign currency receipt and payment services of economic organizations and…

On May 23, 2023, the State Bank of Vietnam issued two decisions related to the management of interest rates, which are: Decision 950/QD-NHNN on refinancing interest rates, rediscounting interest rates, overnight lending interest rates in interbank electronic payments and interest rates for loans to…

According to the 2013 Law on Land, specific land prices are used to calculate land use levies, land rents, and compensation when the State recovers land. The specific land price will be decided by the provincial People's Committee ("People's Committee"). However, in case the land users are households…

On April 28, 2023, the Government issued Decree 19/2023/ND-CP detailing a number of articles of the 2022 Law on Anti-Money Laundering ("Decree 19") replacing Decree 116/2013/ND-CP ("Decree 116"). Decree 19 introduces many new regulations in the implementation of anti-money laundering measures. As follows:…

Recently, according to the statistics on the tax management system (TMS), the tax arrears (tax payment, land rental) in the first quarter of 2023 has increased compared to that of the end of 2022. Accordingly, in order to reduce tax debts, on April 24, 2023, the General Department of Taxation issued…

On April 23, 2023, the State Bank of Vietnam issued Circular 03/2023/TT-NHNN (“Circular 03”) stipulating the suspension of Clause 11 Article 4 of Circular 16/2021/TT-NHNN (“Circular 16”) regulates the purchase and sale of bonds by credit institutions and foreign bank branches (“CIs”). According to the…