Know how

Electronic IDs in Vietnam

In June, the Government issued a draft decree on the process for obtaining and using electronic IDs in Vietnam. This post will review the basics of the draft decree relevant to most people interested in the concept.

Vietnam Update: New procedures in enterprise registration and operation and New guidance on the Law on Residence 2020.

New administrative procedures in the fields of enterprise registration and operation and New guidance on the Law on Residence 2020 which comes into effect as of July 1st, 2021.

Government’s Support for Employees and Employers impacted by COVID-19

On 1 July, the Government issued Resolution No. 68/NQ-CP setting out policies to support employees and employers affected by COVID-19. On 7 July, the Prime Minister issued Decision No. 23/2021/QĐ-TTg to implement Resolution 68.

New PNG Energy laws commence

The commencement of the National Energy Authority Act 2020 and the Electricity Industry (Amendment) Act 2020 mean important changes in the electricity industry in PNG.

Vietnam Weekly Update - 19 July 2021

Cập Nhật Hàng Tuần Việt Nam - 19 Thang 7 2021

In this week’s Legal Update: Details of policies to support employees and employers facing difficulties due to COVID-19 pandemic; Using invoices and VAT in the provision of services abroad by export processing enterprises; and The VAT of solar power.

Vietnam Legal Updates, Vol. 9, July 2021: Isolation and enterprise production and Automatic stay extension for foreigners due to COVID-19.

In this legal update: Recommendations on the implementation of both isolation and production and business in enterprises, and Notice for automatic stay extension for foreigners stranded due to COVID-19.

Procedures for receiving support for groups of employees (“employees”) affected by COVID-19 in Resolution No.68/NQ-CP dated July 1, 2021.

The Prime Minister has just issued Decision No.23/2021/QD-TTg stipulating the implementation of some policies to support employees facing difficulties due to the COVID-19 pandemic.

Resolution 68/NQ-CP guiding the implementation of policies to support businesses and employees affected by COVID-19

Nghị quyết 68/NQ-CP và các văn bản hướng dẫn việc thực hiện các chính sách hỗ trợ doanh nghiệp và người lao động chịu ảnh hưởng trực tiếp bởi đại dịch COVID-19

Resolution 68/NQ-CP, Decision No. 23/2021/QD-TTg and Official Letter 1988/BHXH-TST detailing and guiding the procedures for applying supporting policies for businesses and employees due to the impact of the pandemic have been issued

Vietnam Weekly Update - 12 July 2021

Cập Nhật Hàng Tuần Việt Nam - 12 Thang 7 2021

In this week’s Legal Update: CIT incentives for investment projects, The obligations of organizations and individuals in foreign investment activities on the Vietnamese stock market, and Policies for supporting employers and employees facing difficulties due to the COVID-19. pandemic.

Vietnam: Conditions for enterprises to get loans to pay furlough wages and loan for production recovery

Resolution 68/NQ-CP stipulating a number of policies to support employees and employers facing difficulties due to the Covid-19 pandemic takes effect on 1st July, 2021, and The rate of payment of compulsory social insurance to the fund of occupational accidents and diseases is 0% until June 30th, 2022.

Criteria for Classifying State-Owned enterprises Undergoing Restructuring in 2021-2025 Under Decision 22/2021/QĐ-TTg

Decision 22/2021/QĐ-TTg provides the criteria for classifying the wholly State-owned enterprises (SEs), partially State-owned enterprises (SOEs) undergoing restructuring in 2021-2025.

Cambodia: Additional Measures to Support Private Sector Workers & Revive the Post-COVID-19 Economy (Round 9)

On 29 June 2021, the Royal Government of Cambodia (“RGC”) implemented ‘Round 9’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia.

Vietnam Weekly Update - 5 July 2021

Cập Nhật Hàng Tuần Việt Nam - 5 Thang 7 2021

In this week’s Legal Update: Amended, supplemented administrative procedures in the field of judicial records, Regulation on implementation of legal responses of the Ministry of Transport in legal support for small and medium enterprises; and Execution of the Advance Pricing Agreement (APA) mechanism used in tax administration for enterprises with related-party transactions.

RHTLaw Vietnam: Covid-19 Updates - July 2021

In these Legal Updates are notable supportive measures applied to the enterprises affected by Covid – 19 in terms of tax and employment areas including: i) Decree No. 44/2021/ND-CP, ii) Decree No. 52/2021/ND-CP (iii) Circular No. 41/2021/TT-BTC and (iv) Official Letter No. 2059/TLD.

Vietnam - Covid19: A number of fees and charges will be reduced from 1st July 2021, due to difficulties caused by the Covid-19 epidemic

In this update: How to apply the APA mechanism to enterprises with related-party transactions; Covid19 - A number of fees and charges will be reduced from 1st July 2021, due to difficulties caused by the Covid-19.

Vietnam Legal Updates, Vol. 7, July 2021: Covid support for employees and employers, and Guidance on the initial sale of shares for SOEs and limited liability companies

In this legal update: Support employees and employers during Covid; and Guidance on the initial sale of shares and the management and use of proceeds from equitization of State-owned enterprises and one-member limited liability companies,

The Vietnam National Innovation Center

The purpose of the Vietnam National Innovation Center, approved but not yet built, is to provide innovative startups in Vietnam with a launching pad and with incentives and support to help build the innovation ecosystem and encourage the development of creative and technology-related startups.

New transfer pricing regulations on APAs released

On 18 June, the Ministry of Finance issued Circular 45/2021/TT-BTC, setting out new rules on Advance Pricing Agreements in Vietnam. Circular 45 takes effect from 3 August, and replaces the existing APA Circular 201 issued in 2013.

New Circular clarifying conditions to be entitled to 5% VAT rate on medical equipment

In an effort to remove the uncertainty with respect to the requirement for a confirmation from the Ministry of Health in order to apply 5% VAT rate to medical equipment, on 11 June, the Ministry of Finance issued a new circular. The new Circular 43 will take effect from 1 August 2021.

Cambodia: Requirement to Submit Financial Reports for Independent Audits

On 25 May 2021 the National Accounting Council (“NAC”) issued a reminder notification on obligations to submit 2020 annual financial statements for independent audits and to submit these audited financial statements to the Accounting and Auditing Regulator (“ACAR”).