vietnam

Vietnam: State Bank to lower interest rates

The State Bank of Vietnam (SBV) has just issued decisions to adjust interest rates in order to contribute to controlling inflation, stabilizing the macro economy, and the money market to strive to reduce interest rates lending to businesses and people, supporting economic growth recovery.

Vietnam: Additional conditions for registration of multi-level selling activities

On April 28, 2023, the Government has just issued Decree No. 18/2023/ND-CP amending and supplementing a number of articles of Decree No. 40/2018/ND-CP dated March 12, 2018 on operation management business by multi-level method.

Vietnam: Recent Changes to Regulations Governing Corporate Bonds Issued in Vietnam

In response to the domestic market’s needs, Decree No. 08/2023/ND-CP aims to untie some knots for bond issuers with key changes governing corporate bonds, as discussed in this article.

Vietnam: KPMG Legal Update On Interest Rates, Reducing VAT, Reducing Land and Water Surface Rental

In this legal update: 1) Decisions regulating maximum short-term lending interest rate and interest rate for deposits in Vietnam Dong at credit institutions and foreign bank branches, Draft Decree on value added tax (VAT) reduction policy of 2%, and Draft Resolution on reducing land rental and water surface rental.

Vietnam Introduces a Reduced VAT Rate from 1 July 2023

On 30 June 2023, the Government of Vietnam issued Decree No. 44/2023/ND-CP stipulating a reduction of the VAT rate by 2% (“Decree 44”). Decree 44 was issued to implement the VAT rate reduction policy passed by the National Assembly in accordance with Resolution No. 101/2023/QH15.

Vietnam: Transfer of Wind Power Projects to Foreign Businesses

Vietnam: How does the Vietnamese law regulate anti-money laundering?

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.