Weekly legal update

• 14-07-2023
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The Mekong Delta Region (“Mekong Delta”) is identified as the key agricultural region of the country and the "rice bowl" of Vietnam. On 07/07/2023, the Prime Minister issued Decision No. 816/QD-TTg (“Decision 816”) in 2023 on the Implementation Plan for the Mekong River Delta Region for the period 2021-2030,…

• 07-07-2023
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Digital transformation in administrative reform is one of the goals that the Government has been promoting in recent years. In asset auction activities, to meet the goal of digital transformation, on July 3, 2023, the Government issued Decree 47/2023/ND-CP ("Decree 47")to amend and supplement a number…

• 07-07-2023
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On July 1, 2023, the Government issued Decree 45/2023/ND-CP ("Decree 45") detailing a number of articles of the 2022 Law on Petroleum. In addition to detailed instructions on the process of selecting contractors to sign oil and gas contracts, Decree 45 guides issues that investors are very interested…

• 07-07-2023
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On June 28, 2023, the State Bank of Vietnam issued Circular No. 06/2023/TT-NHNN ("Circular 06") amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN ("Circular 39") regarding lending activities of credit institutions and branches of foreign banks (hereinafter referred to as…

• 07-07-2023
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After the 2022 Insurance Business Law ("IBL") (which was updated by ATA Legal Services here) was enacted, on 01/7/2023, the Government issued Decree No. 46/2023/ND-CP ("Decree 46") guiding certain provisions of the IBL, specifically regulating the organization and operation of insurance enterprises,…

• 07-07-2023
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In order to assist individuals and businesses in overcoming the difficulties caused by the pandemic and economic downturn, on June 29, 2023, the Minister of Finance issued Circular 44/2023/TT-BTC ("Circular 44") to uniformly reduce the collection rates of certain fees and charges in various sectors…

• 30-06-2023
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In 2022, due to the impact of the pandemic and economic recession, the National Assembly passed Resolution 43/2022/QH15 to reduce Value Added Tax (VAT) from July 1, 2022, to December 31, 2022. In order to continue supporting businesses and promoting production and business activities in 2023, the National…

• 30-06-2023
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In Directive No. 22/CT-TTg dated June 23, 2023 (“Directive 22”) on rectification and strengthening of discipline in complying with the law on finance – state budget, the Prime Minister requested Ministries, branches and localities have implemented a series of activities to strengthen revenue collection…

• 30-06-2023
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On June 20, 2023, the Government promulgated Decree 35/2023/ND-CP ("Decree 35") amending and supplementing a number of articles of Decrees related to the construction sector; Decree 35 includes many important contents, affecting the implementation of investment projects by investors/enterprises as follows:…

• 30-06-2023
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In the Legal Update dated May 26, 2023, ATA Legal Services has summarized Decree 89/2016/ND-CP, amended and supplemented by Decree 23/2023/ND-CP on conditions for an organization economic agents to obtain the license to act as an agent for exchange of bordering countries’ currencies (hereinafter referred…

• 23-06-2023
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In the face of many cases of buying and selling false invoices, to limit the risk and quickly detect violations, tax authorities have researched additional functions on the e-invoice application to prevent the issuance of false invoices. According to Official Letter 2392/TCT-QLRR dated 14/06/2023 of…

• 23-06-2023
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Recently, on June 13, 2023, the Hanoi People's Committee issued Decision 3195/QD-UBND (“Decision 3195”) approving the Project “Development of urban economy in Hanoi city” in the direction of “fast, efficient and sustainable” (“Project”) Based on assessing the current situation of urban development planning…

• 23-06-2023
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On June 13th, 2023, Ho Chi Minh’s Social Insurance On June 13, 2023, Ho Chi Minh City Social Security issued Official Letter No. 2747/BHXH-TST ("Official Letter 2747") guide the signing of contracts for voluntary social insurance collection services, self-closing health insurance (hereinafter referred…

• 23-06-2023
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On June 21st, 2023, the Government issued Decree 36/2023/ND-CP (“Decree 36”) stipulating the extension of the tax payment deadline for the amount of SCT payable incurred in the tax period of months 6, 7, 8, and 9 of 2023 for domestically manufactured or assembled cars. Decree 36 specifies the following:…

• 23-06-2023
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On January 9, 2023, the National Assembly promulgated Resolution 81/2023/QH15 on the 2021 – 2030 national master plan, vision to 2050 ("Resolution 81"). This is the first time the National Assembly has issued a master plan for the whole country, creating orientation and motivation for Vietnam's economic…