Legal update

• 19-08-2022
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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…

• 19-08-2022
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On August 11, 2022, the Ministry of Construction issued Decision No. 684/QD-BXD (“Decision 684”) stipulating the settlement of administrative procedures for projects and works implemented by the Department of Economic Affairs. This Decision amended regulations related to the settlement of procedures…

• 19-08-2022
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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…

• 12-08-2022
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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…

• 12-08-2022
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On August 9, 2022, the Minister of Planning and Investment (“MPI”) issued Decision No. 1392/QD-BKHDT ("Decision 1392") announcing the list of periodic reporting regimes under the management of the MPI, replacing Decision No. 778/QD-BKHDT dated June 17, 2021. On the basis of current legal regulations,…

• 12-08-2022
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On August 8, 2022, the Government issued Decree No. 52/2022/ND-CP (“Decree 52”), replacing Decree No. 81/2017/ND-CP (“Decree 81”) providing functions, duties, authorities and organizational structure of the Ministry of Construction. Accordingly, the content of functions and authorities of the Ministry…

• 12-08-2022
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According to Article 25 of the 2018 Law on Anti-Corruption and its guiding documents, “Office holders whose positions are relevant to personnel management, management of public funds, public assets, public investment; office holders who are directly involved and have influence over the operation of…

• 05-08-2022
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On July 27, 2022, the Minister of Finance issued Circular 45/2022/TT-BTC (“Circular 45”) amending and implementing Circular 143/2015/TT-BTC (“Circular 143”) dated September 11, 2015 stipulating the procedure for customs clearance and management of motor vehicles, motorcycles of entities granted permission…

• 05-08-2022
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On August 1, 2022, the Ministry of Health issued Circular 05/2022/TT-BYT (“Circular 05”) stipulating the implementation of a number of articles of Decree No. 98/2021/ND-CP (“Decree 98”) dated November 8, 2021 of the Government on the management of medical devices. Circular 05 had some notable points…

• 05-08-2022
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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…

• 29-07-2022
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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.…

• 29-07-2022
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These are remarkable contents in Decree 47/2022/NĐ-CP (“Decree 47”) on 19/07/2022 amending, supplementing regulations in Decree 10/2020/NĐ-CP (“Decree 10”) on auto transport business and conditions for auto transport business. Accordingly, Decree 47 supplemented a number of conditions for auto transport…

• 29-07-2022
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On July 26, 2022, the Prime Minister issued Decision No. 892/QD-TTg ("Decision 892") approving the project on the development of sea-based industrial clusters associated with the construction of strong sea-based economic centers by 2030. The specific objective of the project is to create sea-based industrial…

• 29-07-2022
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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…

• 22-07-2022
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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…