vietnam

Enforcement of Arbitral Awards in Asia

EY Vietnam Tax Update - October 2021

This update highlights the following: 1) A number of policies introduced to provide relief to organizations and individuals effected by COVID-19, 2) New Circular on e-invoices and e-documents, 3) New Circular providing guidance on a number of articles of the Tax Administration Law and Decree No. 126 of 2020.

Grant Thornton Vietnam - Tax Newsletter - October 2021

In this newsletter: Resolution 116/NQ-CP on policies to support employees and employers affected by the COVID-19, Circular 78/2021/TT-BTC guiding Decree No. 123/2020/ND-CP on e-invoices, Decision 27/2021/QD-TTg on the reduction of land rent in 2021 for those affected by the Covid-19 epidemic, and more.

Inheritance Under Will and Guardianship Under the Laws of Vietnam

This article covers: 1) General legal issues in relation to inheritance under will, 2) Joint will of the husband and the wife, 3) The heirs, 4) Property, and 5) Property administrator and property distributor

Notes for Japanese Investors Before Investing in Vietnam

Currently, with an open economic market and stable politics, Vietnam has been attracting many foreign investors for investment and doing business, especially Japanese investors. Therefore, before investing in Vietnam, what issues should Japanese investors be paid attention to.

Cryptocurrencies and related transactions: accounting considerations under IFRS

This alert serves as a informational guide on some of the accounting questions that are currently being debated and share our views on how IFRS could be applied regarding cryptocurrency and related transactions.

EY Vietnam Tax Update - September 2021

In this update: New development on the corporate income tax (CIT) incentives offered to social entities; Foreign contractor tax (FCT) treatment of goods stored in a bonded warehouse; The new decree on the establishment and management of the disaster prevention fund, and more.

LNT August Briefing: New logistics regulations during Covid-19

In this Issue: Guidance on essential services which are allowed to operate during lockdown, “Green stream” transportation card (QR code) mandatory to pass through quarantine checkpoint for intercity freight vehicles, and List of provinces applying distinctive local regulations.

Draft New Decree on Personal Data Protection in Vietnam

On 9 February 2021, the Ministry of Public Security issued a draft decree on the protection of personal data (Draft Decree). This blog will analyze some key points of the Draft Decree and compare them with the relevant provisions under the General Data Protection Regulation (GDPR).

ADK Vietnam Legal Updates Vol 15 - August 2021

In this newsletter: Removing the FIT pricing mechanism for rooftop solar power?, financial regulations of a debt trading one member limited liability company; and promulgating economic-technical norms of formulation and adjustment of zoning and plans on land use.

Circular 58/2021/ND-CP: Providing guidelines for some articles of Government’s Decree No. 158/2020/ND-CP dated December 31, 2020 on derivatives and derivative market

On July 12, 2021, the Ministry of Finance issued Circular No. 58/2021/TT-BTC (hereinafter referred to as "Circular 58") providing guidelines for some articles of Government’s Decree No. 158/2020/ND-CP dated December 31, 2020 on derivatives and derivative market.

Circular 57/2021/TT-BTC: Providing road map for reorganization of markets for shares, bonds, derivatives and other securities

On July 12th, 2021, the Ministry of Finance promulgated Circular 57/2021/TT-BTC (“Circular 57/2021”) providing a road map to reorganize the markets for shares, bonds, derivatives and other securities.

RHTLaw Vietnam: Advanced Pricing Agreements - August 2021

In this newsletter: Application for Advanced Pricing Agreement (the “APA”) under new Circular No. 45/2021/TT-BTC on Guiding the Application for the APA in Tax Administration for Enterprises having Related Party Transactions.

Procedures For Dissolution Of Securities Investment Company

This article covers: Circumstances where a securities company is dissolved, documents of application for dissolution of a securities investment company, and procedures for dissolution of a securities investment company under the law on securities and the law on enterprises.

Circular 11/2021/TT-NHNN providing on classification of assets, levels and method of setting up risk provisions

On July 30,2021, the State Bank of Vietnam issued Circular 11 regarding classification of assets, levels and method of setting up risk provisions, and use of provisions against credit risks in banking activity of credit institutions, foreign banks’ branches.

Circular No. 12/2021/TT-NHNN prescribing trading of promissory notes, treasury bills, deposit certificates and bonds

On July 30,2021, the State Bank of Vietnam issued Circular No. 12 specifying the trading of financial Instruments between credit institutions and foreign bank branches (“FBBs”). This article discusses several new regulations of the State Bank of Vietnam to manage the trading of Financial Instruments.

Conditions And Quantity Of Residential Houses That Foreign Individuals And Organizations Are Allowed To Own In Vietnam

This article covers conditions and quantiy of houses that foreigners in Vietnam are permitted to own, including the following criteria: subject, form, types and duration of ownership, purpose of use, conditions of use, number of houses, right to sell, and taxes.

Legal Remarks On Business Dissolution

Currently, the enterprise dissolution procedure has also been specified more clearly in the Law on Enterprise 2020 and guiding documents, however, businesses need to pay attention to the following points for the implementation of the procedure.

Tax implications applied to foreign contractors in EPC Contracts in Vietnam

Tax implications applied to the foreign contractor carrying out the Engineering, Procurement and Construction Contract in Vietnam (EPC Contract)

Management and operation of apartment buildings - What should enterprises pay attention to?

This article will analyze some fundamental issues about the management and operation of apartment building services in Vietnam so that readers can get an overview of this service.