Finance - Banking - Stock

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…

On April 23, 2023, the State Bank of Vietnam issued Circular No. 02/2023/TT-NHNN (“Circular 02”) stipulating that credit institutions, foreign bank branches (“Circular 02”) ) are now allowed to restructure the repayment terms to support organizations and individuals (“Clients”) struggling with production…

Extension of time limit for payment in the fiscal year for 04 types of taxes, financial obligations include: (i) value-added tax; (ii) corporate income tax; (iii) personal income tax; and (iv) land rent (hereinafter referred to as "Tax") is one of the solutions to minimize difficulties and support businesses…

Implement the Government's Resolution 33/NQ-CP dated March 11, 2023 on a number of solutions to dismantle and promote the development of the real estate market, including the content that the Government assigned the State Bank to preside over the implementation of a credit program of VND 120,000 billion…

On March 31, 2023, the State Bank of Vietnam issued three decisions related to interest rate management, including Decision 574/QD-NHNN ("Decision 574"), Decision 575/QD-NHNN ("Decision 575"), Decision 576/QD-NHNN ("Decision 576"), replacing Decision 313/QD-NHNN ("Decision 313"), Decision 314/QD-NHNN…

According to the Decree 125/2020/ND-CP on 19 November 2020, the violation of the deadline for submission of the dossier for tax declaration may be liable to a fine of up to VND 25,000,000. Therefore, it is crucial to understand and implement the relevant regulations. For income-paying organizations,…

The Law on State Audit was firstly issued in 2015 and amended in 2019, in which, Article 8 provides for prohibited acts in the field of state audit. Normally, the Government will issue the Decree guiding the acts, levels of penalties, forms of sanction, order, procedures, and competence to sanction…

On March 14, 2023, the State Bank of Vietnam issued two decisions related to the management of interest rate, which are: Decision 313/QD-NHNN ("Decision 313") and Decision 314/QD-NHNN ("Decision 314"). Given the current situation, these decisions are considered a prompt action to support enterprises…