Finance - Banking - Stock

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…

On 14/10/2022, the Head of the General Department of Taxation issued Decision No. 1607/QD-TCT ("Decision 1607"), providing several new regulations on citizen reception at the headquarters of the General Department of Taxation, replacing Decision 06/QD-TCT ("Decision 06"). In which, the most notable…

In order to facilitate the implementation of compensation, support and relocation, budget estimation for implementation plays a crucial role. Understanding that spirit, on October 5th, 2022, the Ministry of Finance issued Circular 61/2022/TT-BTC ("Circular 61") replacing Circular 74/2015/TT-BTC ("Circular…

Under Article 17.2 of the 2020 Law on Enterprises and Article 40.6 of the 2012 Law on Cooperatives on subjects who are not allowed to establish and manage enterprises, cooperatives or cooperative unions, in which mentioning those whose positions and authorities as prescribed in the Anti-Corruption Law…

On September 30, 2022, the State Bank of Vietnam ("SBV") issued Circular No. 11/2022/TT-NHNN ("Circular 11") regulating the bank guarantee to replace Circular No. 07/2015/TT-NHNN dated 25/06/2015 and Circular No. 13/2017/TT-NHNN dated September 29, 2017 amending and supplementing a number of articles…

On 30/09/2022, the Ministry of Industry and Trade issued Circular 14/2022/TT-BCT (“Circular 14”) amending and supplementing several articles of Circular 02/2017/TT-BCT (“Circular 02”) on methods and procedures for establishment, appraisal and approval of electricity transmission prices. Circular 14…

In order to assist transport businesses in overcoing difficulties due to the impact of Covid-19, on September 29, 2022, the Ministry of Finance issued Circular 59/2022/TT-BTC (“Circular 59”) simultaneously reducing several fees and charges for transport business activities during the period from 01/10/2022…

On 30/9/2022, the State Bank of Vietnam (“SBV”) issued Circular No. 12/2022/TT-NHNN (“Circular 12”) guiding foreign exchange administration for foreign borrowing and foreign debt repayment of enterprises, replacing Circulars No. 03/2016/TT-NHNN dated February 26, 2016 (amended and supplemented by: Circular…