Weekly legal update

• 29-03-2024
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1. Regarding the Costs of Purchasing Alcoholic Beverages in Catering Services According to the guidance in Official Letter No. 331/CTCMA-TTHT ("Official Letter 331") dated February 1, 2024, issued by the Ca Mau Provincial Tax Department, the costs of catering services (including alcoholic beverages…

• 29-03-2024
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On March 26, 2024, Deputy Prime Minister Le Minh Khai signed Decision No. 05/2024/QD-TTg regarding the mechanism for adjusting the average retail electricity price ("Decision 05"). Decision 05 replaces Decision No. 24/2017/QD-TTg on the mechanism for adjusting the average retail electricity price ("Decision…

• 29-03-2024
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According to Official Letter No. 14112/CTHN-TTHT dated March 22, 2024, in response to the letter from the Joint Stock Securities Company of Vietnam Bank for Industry and Trade regarding expenses for members of the Board of Directors ("BOD"), the Hanoi Tax Department provides guidance as follows: 1.…

• 26-03-2024
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Regarding the case where a customer's credit card debt of 8 million escalated to 8 billion after 11 years at Eximbank, ATA Legal Services has received numerous inquiries and concerns from clients regarding personal credit borrowing. One primary concern is whether the bank's practice of compound interest…

• 23-03-2024
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To foster greater development momentum for high-tech zones in Vietnam, and to better meet the requirements of the Fourth Industrial Revolution, on February 1st, 2024, the Government issued Decree No. 10/2024/ND-CP regarding high-tech zones ("Decree 10"), replacing Decree No. 99/2023/ND-CP on the regulations…

• 23-03-2024
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To further incentivize the development and operations of industrial clusters in Vietnam, on March 15, 2024, the Government issued Decree No. 32/2024/ND-CP ("Decree 32") to replace Decree No. 68/2017/ND-CP ("Decree 68") and Decree No. 66/2020/ND-CP ("Decree 66") regarding the management and development…

• 22-03-2024
• 539
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On March 20, 2024, the Hanoi Tax Department issued Official Letter No. 13382/CTHN-TTHT ("Official Letter 13382") providing detailed guidance on the registration process for dependent family deductions, including biological parents, step-parents, adoptive parents, and legal guardians of the taxpayer.…

• 16-03-2024
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On March 12, 2024, the Chairman of Hanoi People's Committee signed Decision No. 24/2024/QD-UBND on promulgating the Regulations on management of outdoor advertising activities in Hanoi City ("Decision 24" ). Decision 24 replaces Decision 01/2016/QD-UBND Regulations on management of outdoor advertising…

• 15-03-2024
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On March 11, 2024, Ho Chi Minh City People's Committee issued Decision No. 11/2024/QD-UBND (“Decision 11”) amending regulations on land price adjustment coefficients to establish plans on compensation, support and resettlement in Ho Chi Minh City in 2024. Decision 11 replaces 13/2023/QD-UBND (“Decision…

• 15-03-2024
• 527
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On March 13, 2024, the Ministry of Construction issued Decision No. 167/QD-BXD announcing the Construction Price Index for the year 2023 ("Decision 167"). The Construction Price Index is determined and announced annually by the Ministry of Construction. It reflects the fluctuation of construction prices…

• 08-03-2024
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In order to create consistency in determining value-added tax (“VAT”) revenue of enterprises conducting international travel activities, on March 5, 2024, the General Department of Taxation issued Official Letter No. 801/TCT-CS (“Official Letter 801”) in response to Tourism and Transportation Marketing…

• 08-03-2024
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To ensure that bidding activities for the selection of contractors are carried out within the framework of the Law on Bidding 2023, on February 27, 2024, the Government promulgates Decree 24/2024/ND-CP detailing a number of articles and measures to implement the Law on Bidding on the selection of contractors…

• 08-03-2024
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On March 6, 2024, the Government issued Decree 27/2024/ND-CP amending and supplementing a number of articles of Decree 156/2018/ND-CP dated November 16, 2018 of the Government amended certain articles of the Law on Forestry (“Decree 27”). Decree 27 supplements regulations related to temporary use of…

• 08-03-2024
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The Ministry of Industry and Trade has reduced and simplified numerous administrative procedures in the field of trade promotion to better align with the practical business operations of enterprises and create more favorable conditions for traders when carrying out administrative procedures. On February…

• 01-03-2024
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To further refine the legal framework for bidding and selecting investors to implement investment projects in accordance with the new provisions of the Law on Bidding 2023, on February 27, 2024, the Government issued Decree No. 23/2024/NĐ-CP detailing certain provisions and measures for implementing…