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Updates

Management of foreign exchange for the issuance of bonds to the international market of enterprises that are not guaranteed by the Government
  • BLawyers Vietnam
August 15 2022

The Governor of the State Bank of Vietnam issued Circular No. 10/2022/TT-NHNN on foreign exchange management for the issuance of bonds to the international market by enterprises not guaranteed by the Government dated 29 July 2022. This Circular takes effect on 15 September 2022.


PDP VIII Updates, Developments on Solar and Wind Tariff Mechanism, and Police Investigation
  • DFDL Vietnam
August 15 2022

DFDL Vietnam would like to share with you the most recent updates regarding the draft Power Development Plan (“PDP”) VIII, a mechanism for wind, solar power projects in transition and future, and the police investigation into 62 wind power projects.


Vietnam: Circular on the Rules of Origin under the ASEAN Trade in Goods Agreement
  • Grant Thornton Vietnam
August 15 2022

In this newsletter: 1) Circular on the Rules of Origin under the ASEAN Trade in Goods Agreement, 2) Circular 31/2022/TT-BCT promulgating of Vietnam's Nomenclature of Exports and Imports, and 3) Official Letter 2054/TCHQ-GSQL on usage of e-invoices for export goods


Customs and Global Trade Update | August 2022
  • EY Vietnam
August 14 2022

In this update: 1) 2022 Nomenclature of exports and imports in Vietnam, 2) List of products under the management of the Ministry of Transport, 3) Quotas for textiles and garments exported to Mexico in 2022 under the CPTPP, and 4) Anti-dumping duty imposed on plastic products from Malaysia, Thailand and China.


Vietnam Updates from ADK - Vol 47, August 2022: New regulations on VAT refund for investment projects
  • ADK Lawyers
August 12 2022

In this update: 1) New regulations on VAT refund for investment projects, and 2) Officially reduce 10% of preferential import tax on gasoline products


Injection of increased capital into DICA of foreign invested companies in Vietnam after expiry of contribution time limit
  • Venture North Law Firm
August 09 2022

This article will discuss whether the Investors can inject the increased charter capital (Increased Capital) into the DICA if the time limit for making the capital contribution under the IRC already expired.


Legal Framework On E-Learning Businesses In Vietnam
  • Venture North Law Firm
August 09 2022

The recent years have witnessed a rapid growth of the e-learning market in Vietnam, especially since the Covid-19 outbreak. Despite that, a clear legal framework for e-learning business under Vietnamese laws is still unavailable. This post will discuss some legal issues concerning the provision of e-learning services.


GSM’s delegation to the Board under Vietnamese law
  • Venture North Law Firm
August 09 2022

Under the law of Vietnam, it is unclear whether the General Shareholder’s Meeting (GSM) of a joint stock company (JSC) is allowed to authorise (or delegate) its power to the Board or to what extent can the GSM delegate its power to the Board, if the former is possible.


Stricter conditions for foreign borrowings by Vietnamese entities under draft circular
  • Venture North Law Firm
August 09 2022

The State Bank of Vietnam is drafting a circular (Draft) to replace Circular 12 (2014) on conditions for enterprises to borrow foreign loans not guaranteed by the Government. The Draft has some remarkable changes to the conditions of foreign borrowings by Vietnamese companies and credit institutions, and generally will tighten such conditions.


Some thoughts on data localization
  • Indochine Counsel
August 02 2022

Vietnam has rigid requirements surrounding data localization, requiring data collectors to open a branch office or representative office and to refrain from transferring any data collected on Vietnamese citizens out of the country. This post discusses some of the benefits and drawbacks of these requirements.


Some Issues of Data Protection in International Websites
  • Indochine Counsel
August 01 2022

While Vietnam goes out of its way to keep a cultural and policy separation between itself and China, it remains associated with China from its geographical proximity and single party governance. One can easily forecast future challenges Vietnamese companies may face as they reach a critical point of global adoption.


EY Tax Update | Asean Mobility Spotlight: Southeast Asia jurisdictions immigration policy updates
  • EY Vietnam
July 25 2022

In this update we provide the latest on the immigration policies of a number of Southeast Asia jurisdictions, which are expected to boost international business travel and tourism, both key elements of the economies which have been almost non-existent over the last two years and help to drive overall economic growth.


EY Vietnam Tax Updates | July 2022
  • EY Vietnam
July 25 2022

In this update: 1) Decree 38/2022/ND-CP to increase the regional minimum salary from 1 July 2022, 2) Implementation of electronic Personal Income Tax withholding certificate, and 3) Return to the normal Social Insurance contribution rate for Labour accidents and Occupational diseases.


Vietnam Weekly Update - 24 July 2022
Cập Nhật Hàng Tuần Việt Nam - 24 Thang 07 2022
  • BLawyers Vietnam
July 24 2022

In this update: 1) Judicial expertise in the financial field, and 2) Deducting input value-added tax.


Key notes on the recent Report of the MOIT to the PM on the draft PDP VIII
  • DFDL Vietnam
July 15 2022

Per the Prime Minister’s instruction and the Vice Prime Minister's directives, the Ministry of Industry and Trade (“MOIT”) has just reported its recommendations and projections regarding Solar and LNG capacity and planning.


Vietnam Weekly Update - 08 July 2022
Cập Nhật Hàng Tuần Việt Nam - 08Thang 07 2022
  • BLawyers Vietnam
July 12 2022

In this legal update: 1) Amending, and supplementing several articles of the Law on Intellectual Property; 2) The application of interest rates upon premature withdrawal of deposits from credit institutions and foreign bank branches


Vietnam: Decree on disclosure of information on housing and real estate market
Viet Nam: Nghị định về công bố thông tin về nhà ở, thị trường bất động sản
  • Apolat Legal
July 12 2022

In this issue, we would like to bring to your attention to the following: 1) From July 11th, 2022, environmental protection tax on gasoline and oil will be reduced, and 2) Decree on disclosure of information on housing and real estate market.


Challenges to a Global KYC Experience
  • Indochine Counsel
July 06 2022

Know Your Customer (KYC) is a major element of most countries’ anti-money laundering legislation. Vietnam is no exception. It has developed a comprehensive set of KYC regulations and have even extended the process to allow for digital KYC confirmation. However, KYC relies on the cooperation of each country.


Vietnam: New regulations on compulsory insurance for third parties in construction
  • Apolat Legal
July 05 2022

In this update: 1) New regulations on compulsory insurance for third parties in construction, and 2) Proposal on bidding to select investors for construction and business of golf courses.


New Decree On Industrial Zone In Vietnam
  • Venture North Law Firm
July 04 2022

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

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