Finance - Banking - Stock

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…

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…