Legal update

• 02-12-2022
• 895
• 0

On 22 November 2022, the Ministry of Construction issued Documentary No. 5316/BXD-GĐ 2022 instructing on quality management procedures for construction and maintenance of construction works under the exclusive mechanism as prescribed in Decree No. 27/2022/ND-CP ("Decree 27"). According to Clause 8,…

• 02-12-2022
• 696
• 0

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…

• 25-11-2022
• 741
• 0

According to the legal regulations, illegal benefits obtained from committing administrative violations in the field of commercial activities, production and trading of counterfeit and banned goods and protection of consumers’ interests must be seized to submit to the state budget. The identification…

• 25-11-2022
• 600
• 0

Recently, on November 18, 2022, the Vietnam Social Security has issued Documentary No. 3511BHXH-TST on intensifying solutions to reduce late payment of social insurance, health insurance and unemployment insurance premiums at the end of 2022. There are various strict measures against violating enterprises,…

• 25-11-2022
• 669
• 0

In order to control fraud, counterfeiting of goods origin, labeling, illegal transshipment, and infringement on intellectual property rights, and illegal transshipment of imported and exported goods, various measures have been putting in place according to Documentary No. 5189/TCHQ-GSQL (“Documentary…

• 25-11-2022
• 605
• 0

On 16 June 2022, the National Assembly issued Resolution No. 55/2022/QH15 (“Resolution 55”) on trialling some mechanisms and policies exclusively on the development of Khanh Hoa. Relating to the land management, clause 1 Article 5 of the Resolution 55 presented a mechanism as follows: the People’s Council…

• 18-11-2022
• 755
• 0

On November 14, 2022, the Ministry of Justice issued Decision No. 2228/QD-BTP (“Decision 2228”) on the announcement of new and adjusted administrative procedures to be carried out at civil status registration offices under the management of the Ministry of Justice. Basically, the settlement of administrative…

• 18-11-2022
• 718
• 0

Free Trade Agreements (FTAs) bring abundant advantages in commercial activities for participating member countries. As of early 2022, Vietnam has joined 15 FTAs ​​with various countries and territories around the world. In order to assist in accessing information, technical standards, and regulations…

• 18-11-2022
• 714
• 0

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…

• 18-11-2022
• 664
• 0

On November 9, 2022, the Prime Minister issued Decision No. 21/2022/QD-TTg (“Decision 21”) on mechanisms and policies to encourage the development of inland waterway transportation, replacing Decision No. 47/2015/QD-TTg on the same content (“Decision 47”). Previously, Decision 47 provided various encouragement…

• 11-11-2022
• 730
• 0

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…

• 11-11-2022
• 599
• 0

On November 8, 2022, the Ministry of Industry and Trade issued Circular 31/2022/TT-BCT (“Circular 31”) amending Circular 57/2014/TT-BCT and Circular No. 57/2020/TT-BCT stipulating on the method and procedure for formulating and promulgating the electricity price range and the price determination method…

• 11-11-2022
• 628
• 0

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…

• 04-11-2022
• 1058
• 0

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…

• 04-11-2022
• 659
• 0

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…