Finance - Banking - Stock

On September 22, 2022, the Prime Minister issued Decision No.19/2022/QD-TTg (“Decision 19”) stipulating the expenses for the management of social insurance, unemployment insurance and health insurance in the period of 2022 – 2024. Decision 19 contains the following notable contents: 1. The maximum management…

The rapidly growing corporate bond market has exposed many risks of this capital raising method. The consequences of these risks are extremely serious, evident from several incidents. The severity of those cases has rendered this market almost freezing. In that context, on September 16, 2022, the Government…

On August 03, 2022, the Ministry of Finance issued Circular 48/2022/TT-BTC ("Circular 48") stipulating the collection, submission, management and use of fees for extracting and using information in the National Population Database ("NPD").  Circular 48 shall take effect from September 17, 2022. Accordingly,…

In order to facilitate and protect the benefits of investors participating in the stock market, on August 19, 2022, Vietnam Securities Depository (VSD) issued Decision 109/QĐ-VSD, stipulating the regulations of securities payment and clearing process (“Decision 109”), replacing Decision 211/QĐ-VSD dated…

In order to concretize regulations on compulsory insurance in construction investment activities according to Decree 20/2022/ND-CP dated March 10, 2022 and Decree 119/2015/ND-CP dated November 13, 2015, recently, on August 11, 2022, the Ministry of Finance issued Circular 50/2022/TT-BTC (“Circular 50”)…

On July 29, 2022, the State Bank of Vietnam issued Circular No. 10/2022/TT-NHNN (“Circular 10”) guiding foreign exchange management with regard to the issuance of international bonds by enterprises that are not guaranteed by the Government. Compared to the current Circular (Circular 17/2013/TT-NHNN…

On August 19, 2022, Vietnam Securities Depository (VSD) promulgated Decision No. 110/QD-VSD (“Decision 110”) with an attachment of Regulations on depository members at VSD, replacing the Regulations on depository members attached to Decision No. 112/QD-VSD (“Decision 112”) dated August 23, 2021. The…

Facing the impact of the Covid-19 pandemic on education, especially on non-public preschool and primary education, on August 11, 2022, the Government issued Resolution 103/NQ-CP (“Resolution 103”) on subsidies for managerial officials, teachers, and employees of non-public preschools and primary education…

On May 20, 2022, the Government issued Decree 31/2022/NĐ-CP (“Decree 31”) on interest subsidies provided by the State budget for loans of enterprises, co-operatives, household businesses (hereinafter referred to as “Enterprises”). In order to instruct commercial banks to implement the interest subsidies…

In order to support employees and employers affected by the Covid-19 pandemic, the National Assembly’s Standing Committee adopted Resolution No. 03/2021/UBTVQH15 (“Resolution 03”) dated September 24, 2021 on using 30.000 billion VNĐ from balance of the Unemployment Insurance Fund by the end of 2020…

Pursuant to Article 5 of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies for supporting socio-economic recovery and development program in 2022 and 2023, the Prime Minister, the head of the competent authority may consider and decide the direct…

On July 29, 2022, the Government issued Decree 49/2022/ND-CP (“Decree 49”) amending and supplementing some articles of Decree No. 209/2013/ND-CP (“Decree 209”) guiding the implementation of the Law on Value Added Tax (“VAT”). The highlights of that Decree that businesses need to pay attention to are…

On 25/7/2022, the Ministry of Industry and Trade issued Circular 12/2022/TT-BCT (“Circular 12”) stipulating working hours, rest periods for employees operating, maintaining and repairing gas distribution pipeline system and gas construction after agreed with the Ministry of Labor and Social Affairs.…

From August 2022, various remarkable new policies for businesses shall come into force, specifically as follows: Deposit being withdrawn prematurely still enjoy high interest Pursuant to Circular No. 04/2022/TT-NHNN, from August 1, 2022, in case of premature deposit withdrawal in part/in whole, the…

On July 13, 2022, the Ministry of Construction issued Decision 610/QD-BXD (“Decision 610”) on the Announcement of the investment unit cost and construction unit cost of structural assemblies in 2021. This is the basis for agencies, organizations and individuals involved in the construction investment…