LEGAL UPDATES
ANNOUNCEMENT OF THE NATIONAL CONSTRUCTION PRICE INDEX IN 2022
- 17-02-2023
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On February 8, 2023, the Ministry of Construction issued Decision No. 62/QD-BXD announcing the national construction price index in 2022 ("Decision 62"). The decision took effect from its issuance date. The construction price index is determined and published annually by the Ministry of Construction.…
THE NON-DIVIDED INCOME FOR INVESTMENT OF MEDICAL EXAMINATION AND TREATMENT ESTABLISHMENTS IS SUBJECT TO CORPORATE INCOME TAX WAIVER
- 10-02-2023
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On January 9, 2023, the National Assembly promulgated the Law on Medical Examination and Treatment No. 15/2023/QH15 ("Law on Medical Examination and Treatment 2023") replacing the Law on Medical Examination and Treatment No. 40/2009/QH12, amending and supplementing a number of articles under Law 21/2017/QH14…
SUPPLEMENTING CASES OF WATER EXPLOITATION AND USE NOT REQUIRING WATER PERMITS
- 10-02-2023
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On February 1, 2023, the Government issued Decree No. 02/2023/ND-CP detailing the implementation of a number of articles of the Law on Water Resources (“Decree 02”), replacing Decree No. 201/2013/ND-CP ("Decree 201") from March 20, 2023. Decree 02 introduces numerous new points on cases of exploitation…
BENEFICIARIES OF LAND AND WATER SURFACE RENTAL REDUCTION DUE TO THE IMPACT OF COVID-19 PANDEMIC IN 2022 MUST SUBMIT APPLICATION IN ADVANCE OF 31/3/2023
- 10-02-2023
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Reducing 30% of land and water surface rental for those affected by the Covid-19 pandemic is a financial support that has been executed in 2022 and has recently been expanded to continue applying in 2023. The expansion of the scope of beneficiaries of this policy was introduced by the Government in…
ENTERPRISES CAN ONLY TRANSFER MONEY ABROAD FOR THE PURPOSE OF CULTURAL, EDUCATIONAL AND HEALTHCARE FUNDING WITH A MAXIMUM AMOUNT OF 50.000 USD/TIME
- 03-02-2023
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On December 30, 2022, the State Bank of Vietnam issued Circular No. 20/2022/TT-NHNN on guidelines for one-way money transfer from vietnam to abroad and payment, money transfer for other current transactions of residents being organizations and individuals ("Circular 20"). Circular 20 clarifies regulations…
NEW REGULATIONS ON ELECTRICITY INDUSTRY
- 03-02-2023
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Promulgating the Electricity Generation Price Range for transitional solar power and wind power plants On November 3, 2022, the Ministry of Industry and Trade issued Circular No. 15/2022/TT-BCT ("Circular 15") regulating the establishment of a electricity generation price range for transitional solar…
IMPORT DUTY EXEMPTION IS ONLY APPLICABLE FOR MATERIALS, SUPPLIES AND COMPONENTS USED FOR TECHNOLOGY PRODUCTS, DIGITAL CONTENTS AND SOFTWARE THAT CANNOT BE PRODUCED DOMESTICALLY
- 03-02-2023
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On 31 January 2022, the Ministry of Information and Communications issued Circular No. 25/2022/TT-BTTTT ("Circular 25") stipulating the identification of imported raw materials, supplies, and components subject to exemption of import tax, directly serving the production of information technology products,…
SUPPLEMENTATION OF BENEFICIARIES OF SUBSIDIES ON LAND AND WATER SURFACE RENTALS
- 03-02-2023
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Reducing land and water rent is a financial support applied by the Government in 2022 to assist organizations, agencies, businesses, households and individuals affected by the Covid-19 epidemic. The upcoming year 2023 is still expected to be a tough period due to aftershocks from the Covid-19 pandemic,…
FROM JULY 1, 2023, ENERGY LABEL MUST BE AFFIXED TO NEW MANUFACTURED AND ASSEMBLED MOTORCYCLES AND ELECTRIC CARS BEFORE BEING INTRODUCED TO THE MARKET
- 06-01-2023
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A vehicle's energy label (or "energy label") is a label that provides information related to the type of fuel used and the fuel consumption level of the vehicle. Through energy label, consumers can comprehend the information of the vehicles they use, and have grounds to choose vehicles with appropriate…
LIABILITY FOR NON-CONTRACTUAL DAMAGES ARISES EVEN WHEN THE DAMAGING ACT IS NOT A VIOLATION OF LAW AND THE PERSON PERFORMING THE ACT IS NOT AT FAULT
- 06-01-2023
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Previously, the adjudication of cases related to non-contractual compensation was carried out under the guidance of the Council of Judges of the Supreme People's Court in Resolution 03/2006/NQ-HDTP ("Resolution 03"). However, given the adoption of the 2015 Civil Code, many contents in Resolution 03…
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SUCCESSFUL MEDIATION RECOGNITION MINUTES CANNOT REPLACE AMICABLE DIVORCE RECOGNITION DECISION
- 06-01-2023
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On December 27, 2022, the Supreme People's Court issued Documentary No. 206/TANDTC-PC ("Documentary 206") to the People's Courts, Military Courts and agencies under the Supreme People's Court for announcing the responses to some entanglements in the trial work of the Judges’ Council of the Supreme People's…
FORMS AND DURATION OF CHARGES AND FEES COLLECTION, PAYMENT AND DECLARATION
- 06-01-2023
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On December 22, 2022, the Ministry of Finance issued Circular No. 74/ 2022/TT-BTC stipulating forms and duration for collection, payment and declaration of charges and fees governed by the Ministry of Finance (“Circular 74”). The provisions on charges and fees of Circular 74 do not significantly changes…
THE ANTI-MONEY LAUNDERING LAW STIPULATES INFORMATION ABOUT CUSTOMER IDENTITY THAT MUST BE COLLECTED
- 23-12-2022
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The Law on Anti-Money Laundering No. 14/2022/QH15 was approved by the National Assembly on November 15, 2022 (the “Law 2022”), replacing the Law on Anti-Money Laundering No. 07/2012/QH13 (the “Law 2012”). The Law 2022 has supplemented classification provisions for individual customers and regulations…
HOW TO LOOK UP INDUSTRIAL PROPERTY INFORMATION
- 23-12-2022
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According to the 2005 Intellectual Property Law, amended and supplemented in 2019, industrial property rights (“IP rights”) are rights of organizations and individuals for the following 07 subjects: Invention: a technical solution in the form of a product or process which is intended to solve a problem…
SIMPLIFICATION OF PROCEDURES FOR OBTAINING INSURANCE CERTIFICATES
- 16-12-2022
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On June 16, 2022, the National Assembly adopted the Law on Insurance Business No. 08/2022/QH15, replacing the Law in 2010, amended and supplemented in 2019. The 2022 Law on Insurance Business introduced several new contents, in which, it requires some subjects to have corresponding certificates when…