vietnam

Mazars in Vietnam Newsletter - Tax & Legal Update - Issue June 2023

In this update: 1) Official Letter 1789/TCT-TTKT on appealing review and handling of illegal invoices, 2) Reaching consensus on the scope of applying reduction of VAT rate to 8% according to Resolution 43/2022/QH15, and Official Letter 1586/TCT-CS issued by GDT dated 11 May 2023 guiding VAT declaration per the seller’s e-invoices.

Vietnam: Mazars Customs Alert in June 2023

In this Mazars Customs Alert in June 2023, we highlight on Comments and suggestions from the General Department of Customs on Article 35 Decree No. 08/2015/ND-CP on customs procedure for on-spot import/export activities.

Vietnam: Comments on Draft Decree on Cybersecurity Administrative Sanctions

Vietnam: Significant Amendments Of Circular 39 On Lending Activities In Vietnam

Vietnam: Should Foreign Investors Contribute Capital To Foreign Direct Investment (FDI) Enterprises In An Amount Denominated In A Foreign Currency Or In VND?

It can be unclear whether foreign investors will be considered to have fully fulfilled their capital contribution since it is not clear which amount (Foreign or VND) should be used to determine if the FDI enterprise's charter capital has been fully contributed.

Vietnam: Three questions about the implementation of ESPP program for employees working at enterprises

In addition to an Employee Stock Ownership Plan (ESOP), joint stock companies in some countries are now applying a different long-term financial incentive program through share ownership for their employees called an Employee Stock Purchase Plan, also known as ESPP. In this article, BLawyers Vietnam presents information about ESPP and the regulations of Vietnamese labor law related to ESPP.

Vietnam: Environment Permits Under The Environment Protection Law 2020

The Environment Permit is a new concept under the Environment Protection Law 2020, which consolidates most of the environment permits or licences under the previous environment laws into a single document to help monitor and record all the environmental aspects of an investment project.

Vietnam: Comments on Draft on Law on Real Estate Business – Part 1

In May 2023, Ministry of Construction and VCCI jointly held a Seminar on Draft of new Law on Real Estate Business (Draft Real Estate Business Law) to collect opinions and comments from enterprise community and experts. This update sets out some notable changes introduced by the Draft Real Estate Business Law.

Vietnam: Approval on 2% VAT rate cut in 2023

On 24 June 2023, the National Assembly approved the Resolution of the 5th Meeting of National Assembly XV. This includes a VAT rate reduction which will take effect from 1 July 2023 until 31 December 2023.

Vietnam Pocket Tax Book 2023

A synopsis of the most important Vietnam tax issues

Vietnam: 21 frequently asked questions and answers about the registration of secured transaction for existing land-attached assets

In this update, BLawyers Vietnam provide an overview of secured transaction registration for existing land-attached assets (houses, factories, etc.), and present the conditions and procedures for registering secured transaction pursuant to the prevailing law of Vietnam.

Vietnam: Boundaries of Shareholder Agreements: Examining the Validity of Typical Provisions

This article aims to examine the legal validity and enforceability of agreements related to share transfer restrictions, decision-making restrictions, and corporate management and control commonly found in SHA in Vietnam.

Vietnam: Share-based bonuses from non-public companies to employees and 03 related issues

In this article, BLawyers Vietnam presents three issues relating to the issuance of shares and share-based bonuses for employees in non-public JSCs pursuant to the prevailing laws of Vietnam.

Vietnam: The Restriction Period for Credit Institutions to Repurchase Corporate Bonds has been recently lifted until the end of 2023

On April 23, 2023, Circular No. 03/2023/TT-NHNN was promulgated with immediate effect from the following day until 31 December 2023, suspending the validity of Clause 11 of Article 4 of Circular No. 16/2021/TT-NHNN on corporate bond trading of credit institutions and branches of foreign banks.

Vietnam’s National Power Development Plan 2021 - 2030

The Prime Minister executed Decision No. 500/QD-TTG, dated 15 May 2023 approving the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050. PDP 8 confirms Vietnam’s national commitment to forward-looking electricity development “building an independent and self-reliant economy, improving the people’s livings standards and… quality of life.”

Vietnam: In-country import and export model in Vietnam would be abolished

On 29 May 2023, the General Department of Customs (“GDC”) issued official letters no. 2587/TCHQ-GSQL and 2588/TCHQ-GSQL regarding draft amendments to Article 35 Decree 08/2015/ND-CP on in-country export and import transactions.

Vietnam: A close look at Vietnam's first consolidated personal data protection regulation

From 1 July 2023, Vietnam's first ever consolidated Personal Data Protection Decree (PDPD) will take effect. Following international trends, in particular the European Union's General Data Protection Regulation (GDPR), the PDPD seeks to strengthen rules on the collection, processing and transfer of personal data. In this Insight, we take a close look at the key provisions of the PDPD and its impacts on businesses.

Cambodia: Gambling Licensing in Cambodia

To bring clarity and increased oversight to the sector, the Royal Government introduced the Law on Management of Commercial Gaming in 2020, and further clarified the regulations in subsequent Sub-Decrees. This newsletter will focus primarily on the licensing and requirements for casino -based gambling.

Vietnam: Direct Power Purchase Agreement in Vietnam – The basics

Before the PDP VIII was issued, in 2022, a draft decision of the Prime Minister on a pilot scheme for the DPPA mechanism was circulated for public opinion. In this article, we will discuss the basic structure of the DPPA mechanism and some key points in a DPPA.

Vietnam: Do tender offer requirements apply to an indirect acquisition of a Vietnamese public company via acquisition of its private parent?

This update will discuss this question and what constitutes indirect ownership under the Securities Law 2019, in particular, among other circumstances, according to Article 35.1(a) of the Securities Law 2019, whether the tender offer regulations are triggered when an investor intends to purchase 25% or more of a public company.