vietnam

Advertising In Printed Newspapers And Some Notable Points

This update discusses general conditions for advertising and specific conditions for newspaper advertising, according to the provisions of Consolidated Document No. 47/VBHN-VPQH.

Procedures For Insurance Of Electricity Activity License

This update covers the processes and procedures for granting electricity activity licenses to enterprises.

Vietnam Weekly Update - 23 August 2021

Cập Nhật Hàng Tuần Việt Nam - 23 Thang 8 2021

In this update: Conditions for obtaining tax incentives for expanded investment projects, Guarantee for business investment of investors upon changes of laws; and Derivatives and derivatives market.

Vietnam Leads Cryptocurrency Adoption

Three plausible reasons why Vietnam may lead in cryptocurrency adoption including distrust in the Vietnamese Dong and the Veitnamese may be seeking an asset that holds value more securely than cash.

Updates on entry approval to Vietnam during COVID-19 and mandatory quarantine period

The National Steering Committee for COVID-19 Prevention and Control issued Official Letter 5322/CV-BCD dated 5 July 2021 providing new guidance on Vietnam entry approval for qualified individuals.

Is VNDC a Stablecoin for Vietnamese Investors?

VNDC is a stablecoin pegged to the Vietnamese Dong but it is not a Vietnamese cryptocurrency, it is owned and controlled by a holding company in Singapore. The VNDC stablecoin is a foreign cryptocurrency that is targeted to Vietnamese citizens and its primary webpage is in Vietnamese.

Vietnam Weekly Update - 16 August 2021

Cập Nhật Hàng Tuần Việt Nam - 16 Thang 8 2021

On this week’s Legal Update, we will lead you explore 3 following issues: Regulation on electricity price; PIT of Covid-19 testing expenses; and Deploying online public services to support employees, employers facing difficulties due to the Covid-19 pandemic on the National Public Service Portal.

Short-Term Foreign Loans For Paying Salary – Some Issues Should Be Noted

Paying salary for employees is required by the Law. To resolve the current difficulties, many FDI enterprises find financial sponsorship from the short-term foreign loans without the Government’s guarantee. However, they have also been met a dilemma due to unclear regulations.

Vietnam Weekly Update - 9 August 2021

Cập Nhật Hàng Tuần Việt Nam - 9 Thang 8 2021

In this week’s Legal Update: Transferring of common ownership part of the apartment building, Specific regulations on essential goods and services; and CIT incentives policy for new investment projects.

Tax alert - Further important changes from Decree 18 guiding the Law on Export Duty, Import Duty

This Tax alert covers: Export processing enterprise (EPE) status and considerations and actions required for existing EPEs, EPEs established before the effective date of Decree 18 and EPEs established after the effective date of Decree 18.

Governmental Support Packages For Employers And Employees

Resolution 68/NQ-CP of 1 July 2021 and Decision 23/2021/QD-TTg of 7 July 2021 introduce 12 support packages for employees and employers seriously affected by the COVID-19 pandemic. This update sets out the ones, enterprises might be most interested in. Qualification is subject to conditions set out in these documents.

Tax alert - Government’s support to employers and employees impacted by COVID-19

This Tax alert covers: Support to employers, support to employees, support on Trade Union fund deferment support on late declaration and late payment of tax, amd Other measures to manage foreign nationals working in Vietnam.

Tax alert - Transfer Pricing: Advance Pricing Agreements

This Tax alert covers: Guidance on the application of Advance Pricing Agreements (APAs) in accordance with Circular 45/2021/TT-BTC dated 18 June 2021, and important provisions relating to the application of APAs.

Latest Regulations on Automatic Extension of Temporary Residence for Foreigners in Vietnam During Covid-19 Pandemic

Overstaying a Vietnam visa will cause foreign visitors not only to incur administrative penalties but also to leave a negative mark in their records of the Vietnam Immigration Department, which make next return to Vietnam of foreigners become more difficult.

Vietnam Weekly Update - 2 August 2021

Cập Nhật Hàng Tuần Việt Nam - 2 Thang 8 2021

In this week’s Legal Update: 1. The roadmap for the reorganization of the markets for shares, bonds, derivatives, and other securities; and 2. Amending and supplementing several regulations related to compulsory social insurance.

Force Majeure Or Change Of Circumstances?

Recently, the authorities in key manufacturing hubs in the South of Vietnam, have issued orders requiring manufacturers to either create a production bubble or stop production until further notice. Is this force majeure or a change of circumstances?

The concepts of employees, employment contracts, and a worker without an employment relationship under Vietnamese labour law.

The Labour Code 2019 has significantly expanded its scope of application by expanding the definition of employees and introducing a new concept of workers without an employment relationship. The changes could have significant impacts on many individuals including gig workers.

New structure to overcome tender offer requirements under Vietnam securities law

Under the Securities Law 2019, a proposed buyer (the Buyer) who wish to acquire 25% or more of total shares (the Sale Shares) of a public company (the Target) must comply with tender offer requirements.

Right To Recourse In Factoring And Right To Cancel Debt Sale & Purchase Agreement Upon Default Event

Difference Between Right To Recourse In Factoring And Right To Cancel Debt Sale & Purchase Agreement Upon Occurrence Of Events Of Default

Regulations Governing Debt Sale And Purchase Business Activity

The Law on Investment of the National Assembly dated 17 June 2020 (Investment Law 2020) has removed the business line of “debt sale and purchase” from the list of industries and trades in which business investment is conditional.