LEGAL UPDATES
PROMOTING RENEWABLE ENERGY DEVELOPMENT THROUGH DIRECT POWER TRADING MECHANISM
- 19-07-2024
- 923
- 0
To meet the trend of using clean energy by electricity customers, attract investment for sustainable renewable energy development to protect the environment, and aim to implement a competitive retail electricity market in Vietnam, on July 3, 2024, the Government issued Decree No. 80/2024/ND-CP, which…
-400x300.png "THE STATE BANK STRICTLY MANAGES THE PROVISION OF PAYMENT SERVICES THROUGH PAYMENT ACCEPTANCE UNITS")
THE STATE BANK STRICTLY MANAGES THE PROVISION OF PAYMENT SERVICES THROUGH PAYMENT ACCEPTANCE UNITS
- 12-07-2024
- 870
- 0
On June 28, 2024, the State Bank of Vietnam issued Circular 15/2024/TT-NHNN (“Circular 15”) regulating the provision of non-cash payment services. Circular 15 introduces several noteworthy new provisions as follows: 1. The State Bank strictly manages the provision of payment services through Payment…
-400x300.png "FROM 01/01/2025, CUSTOMERS CAN ONLY WITHDRAW CASH FROM CREDIT CARDS WITH A LIMIT OF 100 MILLION VND PER MONTH")
FROM 01/01/2025, CUSTOMERS CAN ONLY WITHDRAW CASH FROM CREDIT CARDS WITH A LIMIT OF 100 MILLION VND PER MONTH
- 12-07-2024
- 1543
- 0
On June 28, 2024, the State Bank of Vietnam issued Circular 18/2024/TT-NHNN (“Circular 18”) regulating bank card operations. Circular 18 primarily supplements new regulations to strengthen the measures of organizations in ensuring safety in card transactions following the implementation of biometric…
-400x300.png "FOREIGN LOANS ARISING FROM THE ISSUANCE OF LETTERS OF CREDIT ARE NOT SUBJECT TO THE FOREIGN LOAN LIMITATION")
FOREIGN LOANS ARISING FROM THE ISSUANCE OF LETTERS OF CREDIT ARE NOT SUBJECT TO THE FOREIGN LOAN LIMITATION
- 12-07-2024
- 737
- 0
On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 19/2024/TT-NHNN ("Circular 19") amending Circular 08/2023/TT-NHNN ("Circular 08") on conditions for foreign loans without government guarantees. Circular 19 has introduced several new types of foreign loans and regulations related…
-400x300.png "NEW BORROWERS WITH HIGH OUTSTANDING DEBTS MUST PROVIDE RELATED PARTIES INFORMATION IN THE APPLICATION DOSSIERS")
NEW BORROWERS WITH HIGH OUTSTANDING DEBTS MUST PROVIDE RELATED PARTIES INFORMATION IN THE APPLICATION DOSSIERS
- 12-07-2024
- 953
- 0
On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 12/2024/TT-NHNN ("Circular 12") amending Circular 39/2016/TT-NHNN on lending activities of credit institutions and foreign bank branches to customers. Some important amendments and supplements of Circular 12/2024/TT-NHNN are…
NOTE FOR ENTERPRISES TO FINANCIAL OBLIGATIONS WHEN RAISING THE REGIONAL MINIMUM WAGES
- 05-07-2024
- 481
- 0
After two years of maintaining the minimum wage as prescribed in Decree 38/2022/ND-CP ("Decree 38"), on June 30, 2024, the Government officially issued Decree 74/2024/ND-CP ("Decree 74") replacing Decree 38 on the monthly minimum wage and hourly minimum wage applicable to employees working under labor…
-400x300.png "CONTINUE TO REDUCE MANY TYPES OF FEES TO SUPPORT BUSINESSES AND INDIVIDUALS")
CONTINUE TO REDUCE MANY TYPES OF FEES TO SUPPORT BUSINESSES AND INDIVIDUALS
- 05-07-2024
- 700
- 0
To continue to maintain the State's support to help businesses and individuals overcome the difficult period after Covid-19, on June 28, 2024, the Minister of Finance issued Circular 43/2024/TT-BTC regulating the collection of several fees and charges to continue to remove difficulties and support production…
-400x300.png "LAND FINANCIAL EXPENSES SHALL BE COUNTED IN LAND PRICE VALUATION")
LAND FINANCIAL EXPENSES SHALL BE COUNTED IN LAND PRICE VALUATION
- 05-07-2024
- 606
- 0
On June 27, 2024, the Government issued the first decree to guide the implementation of the Land Law 2024, Decree 71/2024/ND-CP on land prices ("Decree 71"). Prior to the promulgation of Decree 71, the Government issued Decree 12/2024/ND-CP ("Decree 12") with regulations on land prices that are compatible…
-400x300.png "CONTINUE TO REDUCE VALUE-ADDED TAX UNTIL THE END OF 31 DECEMBER, 2024")
CONTINUE TO REDUCE VALUE-ADDED TAX UNTIL THE END OF 31 DECEMBER, 2024
- 05-07-2024
- 1428
- 0
In light of economic difficulties, the National Assembly passed Resolution 142/2024/QH15 to extend the application of the 8% VAT rate, which means a 2% reduction, from July 1, 2024, to the end of 2024 (“Resolution 142”). Consequently, on June 30, 2024, the Government issued Decree 72/2024/ND-CP detailing…
INSTRUCTIONS FOR PARTITION OF WATER SOURCE FUNCTION AND ARTIFICIAL ADDITION OF UNDERGROUND WATER
- 21-06-2024
- 618
- 0
On May 16, 2024, the Ministry of Natural Resources and Environment issued Circular 03/2024/TT-BTNMT detailing the implementation of certain provisions of the 2023 Water Resources Law ("Circular 03"), replacing the following circulars: Circular No. 24/2016/TT-BTNMT dated September 9, 2016, on the determination…
-400x300.png "EXTENSION OF PAYMENT TERM FOR TAX AND LAND RENT IN 2024")
EXTENSION OF PAYMENT TERM FOR TAX AND LAND RENT IN 2024
- 21-06-2024
- 779
- 0
On June 17, 2024, the Government issued Decree No. 64/2024/ND-CP ("Decree 64") extending the deadlines for the payment of value-added tax, corporate income tax, personal income tax, and land rent for the year 2024. ATA would like to update some important contents regarding the tax payment extension:…
