LEGAL UPDATES
-400x300.png "NEW REGULATIONS IN THE MANAGEMENT, OPERATION AND MAINTENANCE OF HIGHWAYS")
NEW REGULATIONS IN THE MANAGEMENT, OPERATION AND MAINTENANCE OF HIGHWAYS
- 26-05-2023
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On May 19, 2023, the Government issued Decree No. 25/2023/ND-CP (“Decree 25”), amending and supplementing a number of articles of Decree No. 32/2014/ND-CP dated May 19, 2023. April 22, 2014, on management, operation, and maintenance of expressway works (“Decree 32”). Decree 25 has some notable contents…
-400x300.jpg "INDIVIDUALS MUST ESTABLISH ECONOMIC ORGANIZATIONS TO BE GRANTED THE CERTIFICATE OF A FRONTIER COUNTRY CURRENCY EXCHANGE AGENT")
INDIVIDUALS MUST ESTABLISH ECONOMIC ORGANIZATIONS TO BE GRANTED THE CERTIFICATE OF A FRONTIER COUNTRY CURRENCY EXCHANGE AGENT
- 26-05-2023
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On May 12, 2023, the Government promulgates Decree 23/2023/ND-CP ("Decree 23") amending and supplementing a number of articles of Decree 89/2016/ND-CP on conditions for foreign currency exchange agency activities, provision of foreign currency receipt and payment services of economic organizations and…
THE INTEREST RATE OF A DEPOSIT IN VND (ONE-MONTH TO SIX-MONTH TERM) SHALL NOT BE EXCEEDED 5%
- 26-05-2023
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On May 23, 2023, the State Bank of Vietnam issued two decisions related to the management of interest rates, which are: Decision 950/QD-NHNN on refinancing interest rates, rediscounting interest rates, overnight lending interest rates in interbank electronic payments and interest rates for loans to…
THE CONDITIONS WHERE THE DEBT FROM THE NATIONAL TECHNOLOGICAL INNOVATION FUND SHALL BE EXTENDED, CHARGED OFF, REDUCED OR CANCELED
- 26-05-2023
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The National Technology Innovation Fund (“Fund”) is an off-budget state financial fund directly under the Ministry of Science and Technology, operating not for profit, performing the function of giving preferential loans, supporting loan interest rates, loan guarantees, and capital support in the form…
-400x300.jpg "INCOMING THE ADMINISTRATION OF THE REQUIRED STANDARDS PAIRING WITH SANCTION ON EFFICIENT ELECTRICAL USE APPLY TO ENTERPRISES IN INDUSTRY AND REGIONS WITH HIGH POWER CONSUMPTION")
INCOMING THE ADMINISTRATION OF THE REQUIRED STANDARDS PAIRING WITH SANCTION ON EFFICIENT ELECTRICAL USE APPLY TO ENTERPRISES IN INDUSTRY AND REGIONS WITH HIGH POWER CONSUMPTION
- 19-05-2023
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On May 15, 2023, the Prime Minister signed Decision No. 500/QD-TTg approving the National Electricity Development Plan for the period of 2021 - 2030, with a vision to 2050 (“Power Plan VIII”). Power Plan VIII sets the goal of firmly ensuring national energy security, meeting the requirements of socio-economic…
NEW REGULATIONS OF THE ISSUANCE OF TRANSFERRING ENCOURAGED TECHNOLOGY CERTIFICATE
- 19-05-2023
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According to Decree 31/2021/ND-CP guiding the Law on Investment, transferring technology projects on the list of transferring encouraged technologies will be applied investment incentives when obtaining the transferring encouraged technology certificate. In order to implement this regulation, on May…
-400x300.jpg "CONDOTEL BUYERS SHALL BE GRANTED THE SEPARATE OWNERSHIP CERTIFICATE OF CONSTRUCTION WORK FOR EACH CONDOTEL")
CONDOTEL BUYERS SHALL BE GRANTED THE SEPARATE OWNERSHIP CERTIFICATE OF CONSTRUCTION WORK FOR EACH CONDOTEL
- 19-05-2023
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As ATA previously updated Decree No. 10/2023/ND-CP amending and supplementing several articles of decrees on instructions for implementation of the law on land, we assume that the provisions of this Decree are not enough basis to issue a "red book" (Certificate of land use right) to purchasers who buy…
-400x300.png "ALLOWING THE SELECTION OF SOCIAL HOUSING PROJECT INVESTORS WHEN THE LAND TO BE BUILT HAS NOT BEEN APPROVED FOR DETAILED PLANNING AT THE TIME OF BIDDING")
ALLOWING THE SELECTION OF SOCIAL HOUSING PROJECT INVESTORS WHEN THE LAND TO BE BUILT HAS NOT BEEN APPROVED FOR DETAILED PLANNING AT THE TIME OF BIDDING
- 19-05-2023
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On April 28, 2023, the Minister of Construction has just issued Circular 03/2023/TT-BXD ("Circular 03") amending Article 3 of Circular 09/2021/TT-BXD guiding the implementation of social housing development and management. Pursuant to Article 3 of Circular 09/2021/TT-BXD, one of the principles when…
REGULATIONS ON THE LICENSING CONDITIONS FOR WATER RESOURCES ARE MORE FLEXIBLE
- 19-05-2023
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On May 12, 2023, the Government issued Decree 22/2023/ND-CP amending and supplementing a number of articles of Decrees related to business activities in the field of natural resources and environment. This Decree governs various provisions related to conditions, dossiers and procedures related to the…
SPECIFIC INSTRUCTIONS ON MICROINSURANCE
- 12-05-2023
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Microinsurance is a form of insurance product offer coverage to low-income households or to individuals who have little savings. It is tailored specifically for lower valued assets and compensation for illness, injury, or death. These are disadvantaged ones who are sensitive to risks that need insurance…
SUBJECTS OF AND CONDITIONS TO BE ENTITLED TO SOCIAL HOUSING LOANS
- 12-05-2023
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In order to implement a credit program of VND 120,000 billion to support investors and homebuyers of social housing projects in accordance with Resolution 33/NQ-CP (“Program”), dated April 1, 2023, the State Bank of Vietnam has issued Official Letter 2308/NHNN-TD guiding the implementation of the Program…
RESPONSIBILITIES OF MULTI-LEVEL MARKETING BUSINESSES AS OF JUNE 20, 2023
- 12-05-2023
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On April 28, 2023, the Government issued the Decree 18/2023/ND-CP (“Decree 18”), amending and supplementing the Decree 40/2018/ND-CP on managing multi-level marketing businesses. Accordingly, ATA Legal Services would like to summarise the outstanding modifications as follows: Criteria Provision The…
-400x300.png "THE DISTRICT PEOPLE’S COMMITTEE IS AUTHORIZED TO DECIDE SPECIFIC LAND PRICES")
THE DISTRICT PEOPLE’S COMMITTEE IS AUTHORIZED TO DECIDE SPECIFIC LAND PRICES
- 12-05-2023
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According to the 2013 Law on Land, specific land prices are used to calculate land use levies, land rents, and compensation when the State recovers land. The specific land price will be decided by the provincial People's Committee ("People's Committee"). However, in case the land users are households…
INCREASING THE NOTIFICATION THRESHOLD FOR HIGH-VALUE TRANSACTIONS TO VND 400 MILLION
- 12-05-2023
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On April 28, 2023, the Government issued Decree 19/2023/ND-CP detailing a number of articles of the 2022 Law on Anti-Money Laundering ("Decree 19") replacing Decree 116/2013/ND-CP ("Decree 116"). Decree 19 introduces many new regulations in the implementation of anti-money laundering measures. As follows:…
-400x300.png "STRENGTHENING THE APPLICATION OF EXIT POSTPONEMENT MEASURE TO INDIVIDUALS OR LEGAL REPRESENTATIVES OF ENTERPRISES OWING TAXES")
STRENGTHENING THE APPLICATION OF EXIT POSTPONEMENT MEASURE TO INDIVIDUALS OR LEGAL REPRESENTATIVES OF ENTERPRISES OWING TAXES
- 12-05-2023
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Recently, according to the statistics on the tax management system (TMS), the tax arrears (tax payment, land rental) in the first quarter of 2023 has increased compared to that of the end of 2022. Accordingly, in order to reduce tax debts, on April 24, 2023, the General Department of Taxation issued…