Weekly legal update

• 12-08-2022
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On August 8, 2022, the Government issued Decree No. 52/2022/ND-CP (“Decree 52”), replacing Decree No. 81/2017/ND-CP (“Decree 81”) providing functions, duties, authorities and organizational structure of the Ministry of Construction. Accordingly, the content of functions and authorities of the Ministry…

• 12-08-2022
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According to Article 25 of the 2018 Law on Anti-Corruption and its guiding documents, “Office holders whose positions are relevant to personnel management, management of public funds, public assets, public investment; office holders who are directly involved and have influence over the operation of…

• 05-08-2022
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On July 27, 2022, the Minister of Finance issued Circular 45/2022/TT-BTC (“Circular 45”) amending and implementing Circular 143/2015/TT-BTC (“Circular 143”) dated September 11, 2015 stipulating the procedure for customs clearance and management of motor vehicles, motorcycles of entities granted permission…

• 05-08-2022
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On August 1, 2022, the Ministry of Health issued Circular 05/2022/TT-BYT (“Circular 05”) stipulating the implementation of a number of articles of Decree No. 98/2021/ND-CP (“Decree 98”) dated November 8, 2021 of the Government on the management of medical devices. Circular 05 had some notable points…

• 05-08-2022
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On July 29, 2022, the Government issued Decree 49/2022/ND-CP (“Decree 49”) amending and supplementing some articles of Decree No. 209/2013/ND-CP (“Decree 209”) guiding the implementation of the Law on Value Added Tax (“VAT”). The highlights of that Decree that businesses need to pay attention to are…

• 29-07-2022
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On 25/7/2022, the Ministry of Industry and Trade issued Circular 12/2022/TT-BCT (“Circular 12”) stipulating working hours, rest periods for employees operating, maintaining and repairing gas distribution pipeline system and gas construction after agreed with the Ministry of Labor and Social Affairs.…

• 29-07-2022
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These are remarkable contents in Decree 47/2022/NĐ-CP (“Decree 47”) on 19/07/2022 amending, supplementing regulations in Decree 10/2020/NĐ-CP (“Decree 10”) on auto transport business and conditions for auto transport business. Accordingly, Decree 47 supplemented a number of conditions for auto transport…

• 29-07-2022
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On July 26, 2022, the Prime Minister issued Decision No. 892/QD-TTg ("Decision 892") approving the project on the development of sea-based industrial clusters associated with the construction of strong sea-based economic centers by 2030. The specific objective of the project is to create sea-based industrial…

• 29-07-2022
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From August 2022, various remarkable new policies for businesses shall come into force, specifically as follows: Deposit being withdrawn prematurely still enjoy high interest Pursuant to Circular No. 04/2022/TT-NHNN, from August 1, 2022, in case of premature deposit withdrawal in part/in whole, the…

• 22-07-2022
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On July 13, 2022, the Ministry of Construction issued Decision 610/QD-BXD (“Decision 610”) on the Announcement of the investment unit cost and construction unit cost of structural assemblies in 2021. This is the basis for agencies, organizations and individuals involved in the construction investment…

• 22-07-2022
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The business evaluation and classification are mandatory annual activities of state-owned enterprises (“SOEs”), based on various criteria, including “revenue” and “profit”[1]. Since SOEs have been decreased their revenue and profit due to their participation in the prevention and control of the Covid-19…

• 22-07-2022
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On July 12, 2022, the General Department of Taxation issued Official Letter No. 2455/TCT-DNNCN (“Official Letter 2455”) guiding the settlement of problems in the implementation and operation of electronic invoices from 1, 2022. Official Letter 2455 has a number of contents that businesses need to pay…

• 22-07-2022
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On July 12, 2022, the State Bank of Vietnam (“SBV”) issued Circular 09/2022/TT-NHNN (“Circular 09”) guiding foreign exchange management for prize-winning electronic games for foreigners. This Circular contains a number of amendments and supplementations related to the activities and responsibilities…

• 15-07-2022
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Recently, the Government has issued Decree No. 31/2022/ND-CP (“Decree 31”) on interest rate subsidies from the state budget for loans of enterprises, cooperatives and business households. On the same day, the Governor of the State Bank also issued Circular No. 03/2022/TT-NHNN (“Circular 03”) to commercial…

• 15-07-2022
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Along with the globalization and the development of information technology, commercial frauds are increasingly common, sophisticated and complex in a larger scale. Vietnam is a dynamic, highly open economy with extensive international economic integration, so trade and investment activities of enterprises…