Weekly legal update

• 05-01-2024
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In response to the economic difficulties, the National Assembly has decided to continue the value-added tax (VAT) reduction policy that has been in effect since 2022. Specifically, on November 29, 2023, the National Assembly issued Resolution No. 110/2023/QH15, which includes a content to reduce the…

• 05-01-2024
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Recently, the Minister of Industry and Trade has issued two consecutive Circulars related to the import and business of tobacco, including Circular 39/2023/TT-BCT regulating the import duty quota for raw tobacco materials in 2024 ("Circular 39") and Circular 43/2023/TT-BCT amending Circular 57/2018/TT-BCT…

• 28-12-2023
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On November 29, 2023, the National Assembly passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the application of additional corporate income tax (“CIT”) according to the Regulation on preventing basic erosion. Global Anti Base Erosion (hereinafter referred to as “Global Minimum Tax Regulations")…

• 28-12-2023
• 1283
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On December 13, 2023, the Ministry of Transport issued Circular No. 35/2023/TT-BGTVT ("Circular 35"), amending and supplementing certain provisions of Circular No. 46/2015/TT-BGTVT regarding road load capacity and dimensional limits, the operation of overloaded vehicles, oversized vehicles, and tracked…

• 28-12-2023
• 1014
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On December 11, 2023, the Government issued Decree No 88/2023/ND-CP (“Decree 88”), amending and supplementing provisions of Decree No 54/2017/ND-CP (“Decree 54”) and Decree No 155/2018/ND-CP. Decree 88 introduces several new regulations concerning the export and import of pharmaceuticals, raw materials…

• 28-12-2023
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In order to promote the trend of cashless payments in Vietnam and enhance security to prevent fraudulent activities, scams, and minimize risks in online transactions, on December 18, 2023, the State Bank of Vietnam issued Decision No. 2345/QD-NHNN to replace Decision 630/QD-NHNN dated March 31, 2017…

• 27-12-2023
• 809
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With the geographical characteristics of Vietnam, road traffic and road works are important "lifebloods" to promote the movement of goods and passengers. Therefore, in recent years, the State has devoted many preferential policies and resources to promote the development of road transport works. With…

• 01-12-2023
• 891
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On November 17, 2023, the Ministry of Public Security issued Circular No. 66/2023/TT-BCA ("Circular 66"), amending and supplementing certain provisions of Circular No. 55/2021/TT-BCA, Circular No. 56/2021/TT-BCA, and Circular No. 57/2021/TT-BCA that guide on matters related to registration and management…

• 01-12-2023
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On November 30, 2023, the Ministry of Health issued Circular No. 23/2023/TT-BYT ("Circular 23") amending and supplementing certain provisions of Circular No. 01/2018/TT-BYT regarding drug labeling, raw materials for drug production, and drug use instructions. Accordingly, ATA has updated some noteworthy…

• 01-12-2023
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Law on credit institutions requires non-bank credit organizations to establish an internal control system appropriate to their operations. Previously, the State Bank of Vietnam issued Circular 44/2011/TT-NHNN dated December 29, 2011, regulating the internal control system and internal audit applicable…

• 01-12-2023
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Over the past period, state agencies, ministries, boards, and sectors have proactively and actively implemented the government's directives and management regarding strengthening access to credit, promoting effective and sustainable development in the corporate bond market (CBM) and real estate sector…

• 01-12-2023
• 1109
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On November 29, 2023, the General Department of Taxation issued Official Letter No. 5329/TCT-DNNCN ("Official Letter 5329"), guiding tax declaration for leasing real estate by business households. According to Article 5 of Decree No. 02/2022/NĐ-CP detailing the implementation of the Real Estate Business…

• 24-11-2023
• 1110
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According to the provisions in Article 2 of Decision No. 37/2020/QD-TTg on the establishment, organization, and operation of the Vietnam Stock Exchange, HOSE is tasked with organizing, operating, and managing the stock trading market, while HNX is responsible for organizing, operating, and managing…

• 24-11-2023
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On November 17, 2023, the Ministry of Health issued Circular No. 21/2023/TT-BYT ("Circular 21") stipulating the framework of medical examination and treatment services price in the State's medical examination and treatment establishments and guiding the application of prices and payment of medical examination…

• 24-11-2023
• 797
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Petroleum is an essential goods and plays an important role in production, business and consumption of enterprises and individuals; therefore, petroleum trading activities of traders are always strictly managed by the State to ensure the best harmony of interests of all parties. In the face of recent…