LEGAL UPDATES
SOME NEW REGULATIONS CREATE FAVORABLE CONDITIONS FOR INDIVIDUALS AND ORGANIZATIONS TO BORROW CAPITAL FROM BANKS
- 12-01-2024
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On December 29, 2023, the State Bank of Vietnam issued Circular 22/2023/TT-NHNN ("Circular 22") amending and supplementing several articles of Circular 41/2016/TT-NHNN ("Circular 41") dated December 30, 2016, of the State Bank of Vietnam regulating capital adequacy ratios for banks and foreign bank…
EMPLOYEES WORKING IN AN ORGANIZATION WITHOUT A REPRESENTATIVE ARE ENTITLED TO ACTIVELY APPLY FOR UNEMPLOYMENT INSURANCE BENEFITS
- 12-01-2024
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Protecting workers' rights in the context of the ongoing wave of "reduction" is one of the priorities of the State. On December 29, 2023, the Ministry of Labor, War Invalids and Social Affairs issued Circular 15/2023/TT-BLDTBXH amending and supplementing an article of Circular 28/2015/TT-BLDTBXH on…
-400x300.jpg "SOME DISCUSSIONS ABOUT DIVIDEND PAYMENT OBLIGATIONS OF ENTERPRISES")
SOME DISCUSSIONS ABOUT DIVIDEND PAYMENT OBLIGATIONS OF ENTERPRISES
- 10-01-2024
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(*) This work is based on the knowledge, experience, and perspective of ATA Legal Services' team. The arguments given herein are not meant to guarantee or firmly determine the successful application in practical situations. Should you have any queries on a case-by-case basis, please contact us for assistance.…
DISPUTE RESOLUTION MECHANISM FOR MEDICAL COMPLICATIONS THAT CAUSE DIFFICULTIES FOR PATIENTS AND THEIR FAMILIES
- 05-01-2024
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On January 9, 2023, the National Assembly issued the Law on Medical Examination and Treatment No. 15/2023/QH15 (“Law on Medical Examination and Treatment 2023”). The law will take effect from January 1, 2024. Recently, on December 31, 2023, the Ministry of Health issued Circular No. 32/2023/TT-BYT (“Circular…
REMOVE 2 CASES WHERE IMPORTED GOODS MAY CONSIDERED TO BE EXEMPTED FROM APPLYING TRADE REMEDIES
- 05-01-2024
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Trade remedies are measures that a country uses to create a fair competitive environment between imported goods and domestically produced goods through import restrictions on one or several types of imported goods being dumped or receiving sudden increases in subsidies, causing or threatening to cause…
CONTINUE TO REDUCE VALUE-ADDED TAX UNTIL JUNE 30, 2024
- 05-01-2024
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In response to the economic difficulties, the National Assembly has decided to continue the value-added tax (VAT) reduction policy that has been in effect since 2022. Specifically, on November 29, 2023, the National Assembly issued Resolution No. 110/2023/QH15, which includes a content to reduce the…
LIMIT AND ELIMINATE LICENSING PROCEDURES FOR TOBACCO BUSINESS ACTIVITIES AT THE MINISTRY OF INDUSTRY AND TRADE
- 05-01-2024
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Recently, the Minister of Industry and Trade has issued two consecutive Circulars related to the import and business of tobacco, including Circular 39/2023/TT-BCT regulating the import duty quota for raw tobacco materials in 2024 ("Circular 39") and Circular 43/2023/TT-BCT amending Circular 57/2018/TT-BCT…
FROM JANUARY 1, 2024, MULTINATIONAL COMPANIES ARE REQUIRED TO PAY ADDITIONAL CORPORATE INCOME TAX IF THEY ARE ENJOYING A TAX RATE BELOW 15%
- 28-12-2023
- 2027
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On November 29, 2023, the National Assembly passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the application of additional corporate income tax (“CIT”) according to the Regulation on preventing basic erosion. Global Anti Base Erosion (hereinafter referred to as “Global Minimum Tax Regulations")…
ROAD TRAFFIC PERMIT FOR OVERLOADED VEHICLES IS GRANTED ONLY WHEN THE APPLICATION CLEARLY SPECIFIES THAT THERE ARE NO ALTERNATIVE TRANSPORTATION OPTIONS AVAILABLE
- 28-12-2023
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On December 13, 2023, the Ministry of Transport issued Circular No. 35/2023/TT-BGTVT ("Circular 35"), amending and supplementing certain provisions of Circular No. 46/2015/TT-BGTVT regarding road load capacity and dimensional limits, the operation of overloaded vehicles, oversized vehicles, and tracked…
NEW REGULATIONS MANAGING THE IMPORT OF MEDICINES, MEDICINAL INGREDIENTS AND DRUG PRICE MANAGEMENT IN VIETNAM
- 28-12-2023
- 1520
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On December 11, 2023, the Government issued Decree No 88/2023/ND-CP (“Decree 88”), amending and supplementing provisions of Decree No 54/2017/ND-CP (“Decree 54”) and Decree No 155/2018/ND-CP. Decree 88 introduces several new regulations concerning the export and import of pharmaceuticals, raw materials…
SUPPLEMENTING MORE AUTHENTICATION MEASURES FOR ONLINE TRANSACTIONS THROUGH BANKS AND PAYMENT INTERMEDIARIES (E-WALLETS)
- 28-12-2023
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In order to promote the trend of cashless payments in Vietnam and enhance security to prevent fraudulent activities, scams, and minimize risks in online transactions, on December 18, 2023, the State Bank of Vietnam issued Decision No. 2345/QD-NHNN to replace Decision 630/QD-NHNN dated March 31, 2017…
-400x300.jpg "THE PECULIAR POLICIES IN CONSTRUCTION INVESTMENT FOR THE KEY ROAD PROJECTS")
THE PECULIAR POLICIES IN CONSTRUCTION INVESTMENT FOR THE KEY ROAD PROJECTS
- 27-12-2023
- 969
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With the geographical characteristics of Vietnam, road traffic and road works are important "lifebloods" to promote the movement of goods and passengers. Therefore, in recent years, the State has devoted many preferential policies and resources to promote the development of road transport works. With…
THE TIME LIMIT FOR CONFIRMING RESIDENCE INFORMATION SHALL NOT EXCEED 1/2 WORKING DAY
- 01-12-2023
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On November 17, 2023, the Ministry of Public Security issued Circular No. 66/2023/TT-BCA ("Circular 66"), amending and supplementing certain provisions of Circular No. 55/2021/TT-BCA, Circular No. 56/2021/TT-BCA, and Circular No. 57/2021/TT-BCA that guide on matters related to registration and management…
NEW GUIDANCE FROM THE MINISTRY OF HEALTH ON DRUG LABELING AND MEDICATION GUIDES BEFORE CIRCULATING IN THE MARKET
- 01-12-2023
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On November 30, 2023, the Ministry of Health issued Circular No. 23/2023/TT-BYT ("Circular 23") amending and supplementing certain provisions of Circular No. 01/2018/TT-BYT regarding drug labeling, raw materials for drug production, and drug use instructions. Accordingly, ATA has updated some noteworthy…
NON-BANK CREDIT INSTITUTIONS ARE NOT REQUIRED TO ESTABLISH SUBORDINATE COUNCILS UNDER THE BOARD OF DIRECTORS TO IMPLEMENT INTERNAL CONTROL ACTIVITIES
- 01-12-2023
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Law on credit institutions requires non-bank credit organizations to establish an internal control system appropriate to their operations. Previously, the State Bank of Vietnam issued Circular 44/2011/TT-NHNN dated December 29, 2011, regulating the internal control system and internal audit applicable…
