Updates
Vietnam: Potential change to taxing of Vietnam share transfers for foreign corporate shareholders
- KPMG Vietnam
The Vietnam Ministry of Finance released a new Draft Corporate Income Tax Law for public consultation on 11 June 2024. One of the key potential changes included is a major revision to the basis of taxation for transfers of Vietnam capital in the form of shares in non-public joint stock companies or invested capital in limited liability companies, whether directly or indirectly.
Vietnam: New Banking Regulations Facilitating Transition To Non-Cash Society
- RHTLaw Vietnam
The Government has issued Decree No. 52/2024/ND-CP, taking effect from 1 July 2024 and replacing Decree No. 101/2012/ND-CP. This new Decree is developed to provide regulations aiming at facilitating cashless payment activities and promoting digital transformation in financial sector in Vietnam.
Vietnam: Higher Consumer Protection Standards in the Digital Age
- RHTLaw Vietnam
The Government has issued Decree No. 55/2024/ND-CP, taking effect from 1 July 2024 and coinciding with that of the new Law on Protection of Consumers’ Rights. This new Decree is developed to provide detailed guidance for consumer protection activities in a modern commerce setting.
Vietnam: New Law on Real Estate Business
- RHTLaw Vietnam
The National Assembly of Vietnam has passed the new Law on Real Estate Business No. 29/2023/QH15 which will become effective from 1 August 2024. The New Law with substantial amendments and additions is expected to address and resolve a number of long-standing legal difficulties that had previously impeded the development of the industry.
Vietnam: Enforcing Denial of Benefits Under FTAs to Tackle Nationality Planning - Challenges & Prospects
- LNT & Partners
Vietnam is now a member of around 16 free trade agreements (FTAs).[1] As market openness generally increases over time, foreign investors may enjoy varying levels of market access depending on the specific FTAs to which their home countries are parties alongside Vietnam.
Vietnam: The Amended Law on Protection of Consumers' Rights Takes Effect Today
- LNT & Partners
The amended Law on Protection of Consumers' Rights takes effect today, July 1, 2024. This article reveal key aspects of the new legislation on consumer information protection, emphasizing its impact on both businesses and consumers.
Vietnam: Key Updates in Vietnam's 2024 Law on Credit Institutions
- LNT & Partners
The 2024 Law on Credit Institutions in Vietnam includes several noteworthy updates to enhance transparency, reduce risks, and promote fairness within the banking sector. Key highlights are described in this article.
Vietnam: Legal framework on cosmetic management activities in Vietnam
- Apolat Legal
This update covers: 1) Definition of cosmetics and important terms, 2) Regulations of cosmetic product proclamation, 3) Changes to published content, 4) The effect time of the receipt number of cosmetic product proclamation report, 5) Confiscating the cosmetic product proclamation receipt number, 6) Suspending the cosmetic circulation and confiscation
Vietnam: How to protect the author – right of musical work in the digital age
- Apolat Legal
TikTok is an indispensable app for the young generation. This is a playground for the user to be creative with the short video, otherwise, it is also the cause for the author–right infringement. “How the user protect their author – right in the digital space?”, this essay is going to clarify this issue.
Vietnam: Chinese investor establishes a beverage factory in Vietnam
- Apolat Legal
According to a report from the Department of Investment, 2023 is the year that attracts the most projects from Chinese investors. These data show that Vietnam has always created favorable conditions for Chinese investors to invest in Vietnam, and Vietnam is also a potential market where investors aim to implement production projects.
Vietnam: Japanese investors operating in cosmetics retail in Vietnam
- Apolat Legal
Currently, Vietnam is a popular destination for Japan Investors in cosmetic retail. However, in order to be allowed to conduct cosmetics retail in the Vietnamese market, Japanese investors need to pay attention to the several issues discussed in this article.
Vietnam: Proposed Change In Tax Law Likely Affecting M&A Transactions In Vietnam
- LNT & Partners
Vietnamese tax law has recently introduced a proposed amendment that may affect M&A deal makers in Vietnam especially those with plan for exit/ restructuring M&A transactions. The Vietnam Ministry of Finance has just released the Draft Law on Corporate Income Tax (CIT) for public consultation (the Draft Law).
Electricity Price Range For LNG Power Plants In 2024
- Venture North Law Firm
On 27 May 2024, the Ministry of Industry and Trade (MOIT) issued Decision 1260 approving the electricity generation price (EGP) range for the year 2024 applicable to LNG combined-cycle gas turbine (CCGT) thermal power plant.
New Decree on Non-Cash Payment in Vietnam
- Venture North Law Firm
On 15 May 2024, a new Decree on non-cash payments has been passed by the Government (Decree 52/2024) to replace the old Decree 101/ND-CP of the Government on non-cash payment dated 22 November 2012 (Decree 101/2012) from 1 July 2024. In this post, we will introduce certain key changes of Decree 52/2024.
Issues Relating To Private Bonds Marked As “Cancelled” On Hanoi Stock Exchange Website
- Venture North Law Firm
Since 2019, Hanoi Stock Exchange (HNX) has operated a website to publish information on private corporate bonds (Private Bond Information Website). Currently, on the Private Bond Information Website, several outstanding private bonds issued under Decree 153/2020, which have reached maturity but have not been repaid by the relevant issuers, are marked as “cancelled”.
How the new Law Electronic Transactions 2023 could affect the signing of contracts by exchanging pdf copies in Vietnam?
- Venture North Law Firm
From 1 July 2024, several new provisions under the Law on Electronic Transaction 2023 (LET 2023) could affect how the parties could sign a contract via the creation and exchange of pdf copies of the agreed contract.
Vietnam: Draft Corporate Income Tax Law for public consultation
- KPMG Vietnam
On 11 June 2024, the Vietnam Ministry of Finance ("MoF") released a Draft Corporate Income Tax Law for public consultation ("New Draft Law"). Among the key changes proposed in the New Draft Law is the application of 2% CIT on proceeds from the transfer of capital invested by foreign corporations directly or indirectly in non-public joint stock companies or limited liability companies in Vietnam.
Vietnam's Draft Data Law: An Overview and Implications
- KPMG Law Limited
This article provides an overview of the Draft Law's key provisions and their potential implications for businesses and individuals. Unlike personal data legislation, this Draft Law's broad coverage encompasses not only personal data but also other organizational and business data.
Vietnam: Stay up-to-date on bidding forms for drug supply contracts!
- LNT & Partners
According to the Law on Bidding 2023 (effective from 1 January 2024), Decree 24/2024/ND-CP (effective from 27 February 2024), and Circular 07/2024/TT-BYT (effective from May 17, 2024), the selection of drug supply contractors can be carried out through various forms.
Vietnam: What Are Suggestions for Amending The Pharmaceutical Law?
- LNT & Partners
Following the publication of points by the Deputy Director of Drug Administrative of Vietnam, new points of the draft Pharmaceutical Law (amendment) are discussed in this update.
Features
Legal Terms Bilingual Index
Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages
Related Content
All resources are linked to related content with each link manually selected by our editorial staff.
Advanced Search Engine
In addition, all content can be found using our advanced search engine, to improve the speed and effectiveness of your research.
Contributing Firms
We work with many local and international firms on an ongoing basis to develop and maintain the service.
Most Popular updates
Content Partners
A leading provider of legal and tax know-how and information for Asia.
Copyright © 1997 - 2024 Legal Centrix. All Rights Reserved Privacy Policy | Terms of Use