Finance - Banking - Stock

The Law on Anti-Money Laundering No. 14/2022/QH15 was approved by the National Assembly on November 15, 2022 (the “Law 2022”), replacing the Law on Anti-Money Laundering No. 07/2012/QH13 (the “Law 2012”). The Law 2022 has supplemented classification provisions for individual customers and regulations…

On June 16, 2022, the National Assembly adopted the Law on Insurance Business No. 08/2022/QH15, replacing the Law in 2010, amended and supplemented in 2019. The 2022 Law on Insurance Business introduced several new contents, in which, it requires some subjects to have corresponding certificates when…

The Law on Prevention of Money Laundering No. 14/2022/QH15 has been adopted by the National Assembly since November 15th, 2022 (the “Law 2022”), replacing the Law on Prevention of Money Laundering No. 07/2012/QH13 (the “Law 2012”). The Law 2022 has multiple important amendments and supplementations,…

On November 30, 2022, the Government issued Decree No. 99/2022/ND-CP on registration of security interests (“Decree 99”), replacing Decree No. 102/2017/ND-CP (“Decree 102”) dated September 1, 2017. Decree 99 has some notable amendments and supplementations as follows: Supplement subjects of security…

On November 30, 2022, the State Bank of Vietnam issued Circular No. 16/2022/TT-NHNN (“Circular 16”), replacing Circular No. 04/2016/TT-NHNN (“Circular 04”) ) dated April 15, 2016 on custody and use of valuable papers at the State Bank of Vietnam (the “SBV”). Custody of valuable papers at the SBV is…

Given the discovery and penalization of a series of violations in the issuance of corporate bond, investor’s confidence in bonds has been seriously reduced. Currently, the issuance of new bonds is almost paralyzed and investors holding other bonds not subject to sanctions also extremely concern about…

In order to support managers, teachers and employees of private preschools and primary schools facing difficulties due to the Covid-19 pandemic, the Government has issued Resolution No. 103/NQ-CP ("Resolution 103") indicating the subjects and levels of financial support for each subject. The details…

On November 11, 2022, the National Assembly issued the Resolution No. 69/2022/QH15 ("Resolution 69") defining the estimate for state budget in 2023. Accordingly, in addition to the specific contents of budget estimates, adjustment of budget estimates, and public investment plans, Resolution 69  provided…

On 12 May 2020, the Government issued Resolution 68/NQ-CP on the program to cut down and simplify regulations related to business activities in the period of 2020 - 2025. In order to deploy such Resolution, regarding business activities under the management of the State Bank of Vietnam, on 8 November…

According to Joint Circular No. 12/2016/TTLT-BKHCN-BTC dated June 28, 2016 guiding the expenditure and management of the "Science and technology development fund" (hereinafter referred to the “Fund”), enterprises are allowed to choose the fund allocation amount within 10% of pre-tax income in the period…

Subsidy for interest rate offsetting and management fees to policy banks is the allocation of public investment capital for supporting policy banks to offset the difference in interest rates and management fees for loans of policy beneficiaries as prescribed by law, including small and medium-sized…

On October 24, 2022, the Head of the General Department of Customs issued Decision No. 2317/QD-TCHQ (“Decision 2317”) on the management of tax debt and other receipts for exported and imported goods. Decision 2317 replaces Decision No. 1503/QD-TCHQ (“Decision 1503”) dated May 18, 2018 and has the following…

On October 28, 2022, the State Bank of Vietnam (“SBV”) issued Circular No. 13/2022/TT-NHNN (“Circular 13”) amending and supplementing a number of articles of Circular No. 08 /2021/TT-NHNN (“Circular 08”) dated July 6, 2021 prescribing special lending to credit institutions placed under special control…

On October 30, 2022, the Government issued Decree No. 91/2022/ND-CP ("Decree 91") amending and supplementing a number of articles in Decree 126/2020/ND-CP ("Decree 126") detailing the Law on Tax Administration. Decree 91 has some notable changes as follows: Change on the method of determining the amount…

In the context of the escalating international inflation trend and the sharp fluctuation on the US Dollar's exchange rate in recent years, the State Bank of Vietnam has synchronously coordinated monetary policy tools and solutions such as increasing interest rates and easing the fluctuation range of…