LEGAL UPDATES
BANKS ARE NOT ALLOWED TO BROKER INVESTMENT-LINKED INSURANCE POLICIES FOR CLIENTS WITHIN 60 DAYS BEFORE AND AFTER THE LOAN DISBURSEMENT
- 17-11-2023
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Insurance plays an important role in the development of society, Recently, insurance activities and insurance products have also received the attention of many individuals and businesses. To contribute to promoting the healthy development of the insurance market as well as insurance businesses, on November…
HANOI BUSINESS REGISTRATION OFFICE NOTES ON DECLARING THE PHONE NUMBER AND EMAIL ADDRESS OF ENTERPRISES
- 17-11-2023
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On November 16, 2023, the Business Registration Department of the Hanoi Department of Planning and Investment issued Announcement No. 898/TB-ĐKKD ("Announcement 898") regarding the declaration of email addresses when carrying out business registration procedures. According to Announcement 898, organizations…
SCIC'S INVESTMENT AND DEVELOPMENT ORIENTATION UNTIL 2035
- 17-11-2023
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On November 10, 2023, the Prime Minister issued Decision No. 1336/QD-TTg ("Decision 1336") approving the development strategy until 2030 and the vision until 2035, the business plan, and the investment plan for the period until 2025 of the State Capital Investment Corporation ("SCIC"). Here, ATA Legal…
THE PRIME MINISTER ASKS BUSINESSES, ORGANIZATIONS, AND INDIVIDUALS TO PARTICIPATE IN THE PLAN TO PROMOTE THE UNITED STATES' RECOGNITION OF VIETNAM'S MARKET ECONOMY
- 17-11-2023
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According to Vietnamnet, on October 23, 2023, the U.S. Department of Commerce (DOC) officially initiated a Changed Circumstances Review (CCR) to reevaluate the market economic status of Vietnam. Unless extended, the involved parties have 30 days from the publication in the Federal Register (by October…
REDUCING THE CHARTER CAPITAL OF AN ENTERPRISE - REGULATIONS AND PRACTICAL IMPLEMENTATION
- 13-11-2023
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In 2023, facing immeasurable difficulties and challenges from the market, many businesses had to narrow the scope of production and business or cease or suspend their investment activities and project implementation. This leads to the fact that a part of the capital of enterprises would be temporarily…
ENTERPRISES, NOT BANKS, ALLOWED TO CONTRIBUTE CAPITAL TO JOINT-VENTURE BANKS IN VIETNAM FROM DECEMBER 14, 2023
- 10-11-2023
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On October 31, 2023, the Governor of the State Bank of Vietnam issued Circular No. 13/2023/TT-NHNN amending and supplementing certain provisions of Circulars regulating the issuance of licenses, organization, operations, and documentation, procedures, and approval processes for certain changes of commercial…
MULTIPLE NEW REGULATIONS CREATE FAVOURABLE CONDITIONS FOR PROJECTS IN OBTAINING STATE INVESTMENT CREDIT FROM THE VIETNAM DEVELOPMENT BANK
- 10-11-2023
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On November 7, 2023, the Prime Minister issued Decree No. 78/2023/ND-CP ("Decree 78") amending and supplementing several articles of Decree No. 32/2017/ND-CP on state investment credit ("Decree 32"). Accordingly, ATA Legal Services has updated the following contents: 1. To supplement more projects to…
CONDITIONS FOR IMPORTING REFURBISHED GOODS (SECOND-HAND GOODS) INTO VIETNAM
- 10-11-2023
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On November 12, 2018, the National Assembly of Vietnam passed Resolution No. 72/2018/QH14 on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect on January 14, 2019. According to this resolution, if a party imposes or maintains prohibitions or restrictions…
SUPPLEMENTING MANY NATIONAL MINERAL RESERVE AREAS IN THE CENTRAL AND TAY NGUYEN
- 03-11-2023
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On November 1, 2023, the Prime Minister issued Decision No. 1277/QD-TTg approving the national mineral reserve areas ("Decision 1277") replacing Decision No. 645/QD-TTg dated May 6, 2014 ("Decision 645"). The Law on Minerals 2010 and Decree 51/2021/ND-CP clearly state the determination of national mineral…
GUIDANCE ON PAYMENT OF COVID-19 TREATMENT COSTS FROM OCTOBER 20, 2023
- 03-11-2023
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On October 29, 2023, the Ministry of Health issued Documentary No. 6922/BYT-KHTC (“Documentary 6922”) on guidance on payment of COVID-19 treatment costs for and policies for participants of the COVID-19 epidemic prevention and control. This Documentary has the following notable contents: 1. Payment…
MANY POLICIES TO ATTRACT AND ENCOURAGE DOMESTIC AND FOREIGN PRIVATE ECONOMIC SECTORS TO INVEST IN THE RAILWAY
- 03-11-2023
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On October 31, 2023, the Government promulgated Resolution 178/NQ-CP ("Resolution 178") of the Action Plan to implement the Politburo's Conclusion No. 49 on the development orientation of Vietnam's railway transport to 2030 with a vision to 2045. 1. Development objectives of railway transport, a roadmap…
-400x300.jpg "BEFORE JULY 1, 2024, THE VNEID SYSTEM MUST BE CONNECTED AND INTEGRATED WITH THE NATIONAL PUBLIC SERVICE GATEWAY AND ADMINISTRATIVE PROCEDURE RESOLUTION SYSTEMS AT ALL LEVELS")
BEFORE JULY 1, 2024, THE VNEID SYSTEM MUST BE CONNECTED AND INTEGRATED WITH THE NATIONAL PUBLIC SERVICE GATEWAY AND ADMINISTRATIVE PROCEDURE RESOLUTION SYSTEMS AT ALL LEVELS
- 03-11-2023
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To promptly correct, and address existing limitations, and shortcomings, and continue to improve the efficiency of reduction, simplification, and favorable conditions for the resolution of administrative procedures ("AP"), the provision of public services ("PS") for citizens and businesses, on October…
-400x300.jpg "ALLOWING A TOLERANCE OF +/-5% FOR THE CONSTRUCTION OF FIRE PROTECTION WORKS")
ALLOWING A TOLERANCE OF +/-5% FOR THE CONSTRUCTION OF FIRE PROTECTION WORKS
- 27-10-2023
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On October 16, 2023, the Ministry of Construction issued Circular No. 09/2023/TT-BXD ("Circular 09") on Amendments 1:2023 QCVN 06:2022/BXD ("Regulation 06") national technical regulations on fire safety for houses and buildings. The amended Regulation 06 introduces many new regulations, including the…
NECESSARY AND SUFFICIENT CRITERIA TO DETERMINE SOME DEDUCTIBLE EXPENDITURES WHEN CALCULATING CORPORATE INCOME TAX
- 27-10-2023
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On October 18, 2023, the General Department of Taxation issued Official Letter 4619/TCT-CS instructing the Khanh Hoa Department of Taxation on several issues on the tax obligations of enterprises ("Official Letter 4619"). Official Letter 4619 provides detailed guidance on the criteria for determining…
STRENGTHENING THE MANAGEMENT OF CONSTRUCTION ORDERS AND FIRE PROTECTION FOR MULTI-STORY AND MULTI-APARTMENT INDIVIDUAL HOUSES
- 27-10-2023
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In recent years, in some urban and residential areas near industrial parks, export processing zones, and economic zones ..., the management of the authorities has not been effective, so the construction of individual housing buildings with many floors, and many apartments ("works") do not comply with…