Weekly legal update

• 21-10-2022
• 531
• 0

According to Article 169.2 of the 2019 Labor Code: "Retirement ages of employees in normal working conditions shall be gradually increased to 62 for males by 2028 and 60 for females by 2035". However, for some cadres and civil servants holding managerial positions, the retirement age will be higher…

• 21-10-2022
• 519
• 0

On 14/10/2022, the Head of the General Department of Taxation issued Decision No. 1607/QD-TCT ("Decision 1607"), providing several new regulations on citizen reception at the headquarters of the General Department of Taxation, replacing Decision 06/QD-TCT ("Decision 06"). In which, the most notable…

• 14-10-2022
• 727
• 0

In order to facilitate the implementation of compensation, support and relocation, budget estimation for implementation plays a crucial role. Understanding that spirit, on October 5th, 2022, the Ministry of Finance issued Circular 61/2022/TT-BTC ("Circular 61") replacing Circular 74/2015/TT-BTC ("Circular…

• 14-10-2022
• 711
• 0

Under Article 17.2 of the 2020 Law on Enterprises and Article 40.6 of the 2012 Law on Cooperatives on subjects who are not allowed to establish and manage enterprises, cooperatives or cooperative unions, in which mentioning those whose positions and authorities as prescribed in the Anti-Corruption Law…

• 14-10-2022
• 673
• 0

On September 30, 2022, the State Bank of Vietnam ("SBV") issued Circular No. 11/2022/TT-NHNN ("Circular 11") regulating the bank guarantee to replace Circular No. 07/2015/TT-NHNN dated 25/06/2015 and Circular No. 13/2017/TT-NHNN dated September 29, 2017 amending and supplementing a number of articles…

• 07-10-2022
• 515
• 0

On 30/09/2022, the Ministry of Industry and Trade issued Circular 14/2022/TT-BCT (“Circular 14”) amending and supplementing several articles of Circular 02/2017/TT-BCT (“Circular 02”) on methods and procedures for establishment, appraisal and approval of electricity transmission prices. Circular 14…

• 07-10-2022
• 482
• 0

In order to assist transport businesses in overcoing difficulties due to the impact of Covid-19, on September 29, 2022, the Ministry of Finance issued Circular 59/2022/TT-BTC (“Circular 59”) simultaneously reducing several fees and charges for transport business activities during the period from 01/10/2022…

• 07-10-2022
• 484
• 0

On 30/9/2022, the State Bank of Vietnam (“SBV”) issued Circular No. 12/2022/TT-NHNN (“Circular 12”) guiding foreign exchange administration for foreign borrowing and foreign debt repayment of enterprises, replacing Circulars No. 03/2016/TT-NHNN dated February 26, 2016 (amended and supplemented by: Circular…

• 07-10-2022
• 506
• 0

In order to improve the training quality of professional legal training institutions in Vietnam, on 30/9/2022, the Prime Minister issued Decision No. 1155/QD-TTg approving the Project of “Continue to develop the Judicial Academy into a major center for training judicial titles” (“Decision 1155”) and…

• 30-09-2022
• 484
• 0

On 24/8/2022, the Government issued Decree No. 56/2022/ND-CP (“Decree 56”), replacing Decree No. 12/2017/ND-CP (“Decree 12”) stipulating the functions, duties, authorities and organizational structure of the Ministry of Transport. Accordingly, from October 1, 2022, the organizational structure of the…

• 30-09-2022
• 468
• 0

On September 22, 2022, the Prime Minister issued Decision No.19/2022/QD-TTg (“Decision 19”) stipulating the expenses for the management of social insurance, unemployment insurance and health insurance in the period of 2022 – 2024. Decision 19 contains the following notable contents: 1. The maximum management…

• 30-09-2022
• 9624
• 0

In accordance with the 2020 Law on Residence, residential information shall be integrated into the citizen identification card (“CIC”) with electronic chip, replacing family registers and temporary residence registers. Article 38.3 of the 2020 Law on Residence determined that family registers and temporary…

• 23-09-2022
• 561
• 0

The rapidly growing corporate bond market has exposed many risks of this capital raising method. The consequences of these risks are extremely serious, evident from several incidents. The severity of those cases has rendered this market almost freezing. In that context, on September 16, 2022, the Government…

• 16-09-2022
• 429
• 0

Recently, a series of tragic fires occurred at karaoke service businesses, causing tremendous damages to both people and properties. At the same time, the problem of karaoke businesses not ensuring security and order also makes people extremely angry. In order to restrain this situation, on September…

• 16-09-2022
• 445
• 0

On August 03, 2022, the Ministry of Finance issued Circular 48/2022/TT-BTC ("Circular 48") stipulating the collection, submission, management and use of fees for extracting and using information in the National Population Database ("NPD").  Circular 48 shall take effect from September 17, 2022. Accordingly,…