LEGAL UPDATES
REGISTRATION OF TRANSACTIONS OF INDIVIDUAL CORPORATE BONDS AND INDIVIDUAL CORPORATE BOND TRANSACTIONS ON THE SYSTEM
- 11-08-2023
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On September 16, 2022, the Government issued Decree 65/2022/ND-CP requiring enterprises to register and conduct issued transactions of bonds on the individual corporate bond trading system at the Stock Exchange. Implementing the above-mentioned regulations, on July 10, 2023, the Vietnam Stock Exchange…
HANOI’S GOVERNMENT SHALL TIGHTEN THE ADJUSTMENT OF PLANNING AND STRENGTHEN THE INSPECTION, HANDLING OF VIOLATIONS OF REAL ESTATE PROJECTS
- 11-08-2023
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On July 27, 2023, the Hanoi People’s Committee issued Official Letter No. 2326/UBND-TNMT ("Official Letter 2326") regarding the implementation of Resolution No. 04/NQ-HĐND on accelerating the progress of investment and focusing on handling non-budget projects that have slow land utilization within the…
THE PROCESS OF APPROVING INDIVIDUAL BOND TRANSACTIONS AT THE VIETNAM STOCK EXCHANGE MUST BE CONDUCTED SIMULTANEOUSLY WITH THE PROCESS OF REVIEWING AND APPROVING THE REGISTRATION FOR BOND TRADING CONNECTIVITY AT THE HANOI STOCK EXCHANGE
- 28-07-2023
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According to the regulations in Decree 65/2022/ND-CP and Circular No. 30/2023/TT-BTC (updated by ATA Legal Services here), the trading of bonds, including individual bonds, must be conducted through trading members. Specifically, the trading members on the corporate bond trading system at the Stock…
CHANGE OF AUTHORITY TO ISSUE CERTIFICATES ON SECURITY AND ORDER FOR BUSINESSES TOWARDS DECENTRALIZATION TO LOWER-LEVEL POLICE AGENCIES
- 28-07-2023
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On July 24, 2023, the Government issued Decree No. 56/2023/ND-CP ("Decree 56") to amend and supplement specific provisions of Decree No. 96/2016/ND-CP on the conditions for security and order regarding specific sectors and occupations with conditional business investments, and Decree No. 99/2016/ND-CP…
THE GOVERNMENT ENCOURAGES PRIVATE BUSINESS FUNDING FOR THE IMPLEMENTATION OF SEAPORT INFRASTRUCTURE DEVELOPMENT PROJECTS
- 28-07-2023
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On July 24, 2023, the Prime Minister issued Decision 886/QD-TTg (“Decision 886”) approving plans, policies, solutions, and resources to implement the Master Plan on System Development of Vietnam's ports in the period of 2021 - 2030, with a vision to 2050 ("Master Plan") according to Decision No. 1579/QD-TTg…
THE DEPARTMENT OF TAXATION MAY ONLY REQUEST TO EXPLANATIONS, SUPPLEMENTATION OF INFORMATION OR DOCUMENTS NO MORE THAN 02 TIMES FOR EACH INSPECTION CASE
- 28-07-2023
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On July 14, 2023, the General Department of Taxation issued Decision 970/QĐ-TCT ("Decision 970") regarding the process of inspecting substitute taxes in place of Decision 746/QĐ-TCT ("Decision 746"). Below, ATA Legal Services will summarize and analyze some noteworthy points in Decision 970: 1. Addition…
HANOI PEOPLE’S COMMITTEE REQUESTS TO COMPLETE THE SUBMISSION OF THE HOUSE AND LAND HANDLING PLAN BEFORE DECEMBER 20, 2023
- 28-07-2023
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On July 19, 2023, the People's Committee of Hanoi issued Plan No. 190/KH-UBND regarding the rearrangement and handling of houses and land within the management scope of Hanoi city according to Decree No. 167/2017/NĐ-CP and Decree No. 67/2021/NĐ-CP of the Government ("Plan 190"). In order to achieve…
BORROWERS MAY TEMPORARILY USE DORMANT WITHDRAWAL AMOUNTS FROM FOREIGN LOANS FOR BANK DEPOSITS WITH A MATURITY NOT EXCEEDING 01 MONTH
- 21-07-2023
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On June 30, 2023, the State Bank of Vietnam issued Circular 08/2023/TT-NHNN ("Circular 08") replacing Circular No. 12/2014/TT-NHNN dated March 31, 2014 ("Circular 14") stipulating conditions for foreign loans of enterprises not guaranteed by the Government. According to ATA Legal Services, Circular…
MANY INCENTIVE PROGRAMS FOCUS ON EASING DIFFICULTIES FOR FORESTRY AND FISHERY PRODUCT ENTERPRISES
- 21-07-2023
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Based on the recommendations of the Vietnam Association of Seafood Exporters and Producers ("VASEP"), on July 12, 2023, the Prime Minister issued Official Letter No. 639/TTg-KTTH ("Official Letter 639"), providing some instructions for central ministries and agencies with the expectation of addressing…
THE COVID-19 EPIDEMIC IS DEFINED AS A FORCE MAJEURE EVENT
- 21-07-2023
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According to point (i), clause 1, Article 64 of the Land Law of 2013, in cases where economic organizations have been allocated land or granted land lease but have not put the land to use within the prescribed period, they will be considered for a 24-month extension to utilize the land. If the land…
AIRLINES MUST PAY THE RELEVANT COSTS TO PASSENGERS WHO ARE NOT TRANSPORTED IN ACCORDANCE WITH THE CONFIRMED INFORMATION
- 21-07-2023
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On June 30, 2023, the Ministry of Transport issued Circular 19/2023/TT-BGTVT ("Circular 19"), which revises, supplements, and abolishes certain provisions of regulations related to air transportation, with a focus on protecting the rights of passengers and businesses using air transportation methods.…
SIMPLIFYING REQUIREMENTS ON FOUNDING SHAREHOLDERS WHEN ESTABLISHING A NON-BANK INSTITUTION
- 14-07-2023
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On June 22, 2023, the State Bank issued Circular 05/2023/TT-NHNN ("Circular 05") amending and supplementing provisions of Circular 30/2015/TT-NHNN ("Circular 30") regarding the licensing, organization, and operations of non-bank credit institutions ("NBCIs"). According to the new regulations, there…
THE OWNER WHO HAS FAILURE TO CARRY OUT THE PROCEDURE FOR REVOKING THE IDENTIFICATION PLATES OF TRANSFERRED VEHICLE SHALL BE PENALIZED AND STILL REMAINS RESPONSIBLE FOR ANY VIOLATIONS COMMITTED BY THAT VEHICLE
- 14-07-2023
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On July 1, 2023, the Ministry of Public Security issued Circular No. 24/2023/TT-BCA ("Circular 24") which regulates the issuance and revocation of vehicle registration and license plates, replacing Circular No. 58/2020/TT-BCA dated June 16, 2020. Circular 24 introduces new principles in the vehicle…
CUSTOMS AUTHORITIES MUST NOT REJECT CERTIFICATE OF ORIGIN (C/O) DUE TO TECHNICAL ERRORS IN THE DECLARATION DOSSIER
- 14-07-2023
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On May 31, 2023, the Ministry of Finance issued Circular No. 33/2023/TT-BTC ("Circular 33") on determining the origin of exported and imported goods. Circular 33 contains several noteworthy provisions for export and import enterprises, as follows: 1. Customs clearance is allowed for imported goods even…
VARIOUS SPECIFIC POLICIES ARE DESIGNED FOR HO CHI MINH CITY WITH THE OBJECTIVE OF DEVELOPING THE CITY ACCORDING TO THE TOD MODEL, PRIORITIZING THE ATTRACTION OF STRATEGIC INVESTORS FOR INDUSTRIAL, HIGH-TECH, AND TRANSPORTATION INFRASTRUCTURE PROJECTS
- 14-07-2023
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Holding the role of “leader” of the country's economy, for many years, Ho Chi Minh City has been prioritized to apply many particular mechanisms and policies to unleash resources and exploit all potentials for development. Specifically, on November 24, 2017, the National Assembly issued Resolution 54/2017/QH14…