In this newsletter: Vietnam - New points in the Draft amendment of the Law on Social Insurance, Vietnam - Decree No. 70/2023/ND-CP on recruitment of foreign employees in Vietnam. Also covered: China, Australia, Philippines, Singapore, Taiwan, and Thailand.

• 29 December 2023

In this newsletter: 1) enterprises to use invoices on incurrence basis for cases where invoice suspension is being enforced, 2) guiding the case of invoicing for return goods, 3) VAT treatment for transactions of export processing enterprises, and 4) guidance related to the determination of taxable rates for foreign contractors.

• 29 December 2023

The second story of the International Business Report (IBR) campaign, reporting results of Grant Thornton’s survey of the global mid-market, pointed out the difficulties experienced by mid-market firms, particularly in Vietnam.

• 29 December 2023

Results of Grant Thornton’s latest International Business Report survey found that more mid-market companies in Vietnam are aiming to remarkably increase investment in technology, human resources, and R&D in the next 12 months.

• 29 December 2023

On 29 November 2023, the Vietnamese National Assembly has approved Resolution No. 107/2023/QH15 on Global Minimum Tax (GMT) application in Vietnam in accordance with Global anti-base erosion model (GloBE) rules.

• 29 December 2023

This update applies to all entities with significant non-financial assets that are required to be tested for impairment under IAS 36. Set out below is a refresher on some basic concepts on impairment of non-financial assets, and reminders on those aspects of the value in use (VIU) methodology.

• 29 December 2023

1 GOVERNMENT ------- SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom - Happiness --------------- No: 94/2023/NĐ-CP Ha Noi, 28 December 2023 DECREE ON STIPULATING VALUE-ADDED TAX REDUCTION POLICIES ACCORDING TO RESOLUTION NO. 110/2023/QH15 DATED 29 NOVEMBER 2023 OF THE NATIONAL ASSEMBLY Pursuant to the Law on Government Organization dated 19 June 2015; the Law amending and

• 28 December 2023

1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 41/2023/TT-BCT Ha Noi, 28 December 2023 ------- CIRCULAR ON PROMULGATION OF A LIST OF POTENTIALLY DANGEROUS PRODUCTS AND GOODS UNDER THE MANAGEMENT OF THE MINISTRY OF INDUSTRY AND TRADE Pursuant to the Law on Quality of Products and Goods dated

• 28 December 2023

1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 42/2023/TT-BCT Ha Noi, 28 December 2023 ------- CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 37/2019/TT-BCT DATED 29 NOVEMBER 2019 OF THE MINISTER OF INDUSTRY AND TRADE DETAILING A NUMBER OF CONTENTS ON TRADE REMEDY MEASURE

• 28 December 2023

1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 43/2023/TT-BCT Ha Noi, 28 December 2023 ------- CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 57/2018/TT-BCT DATED 26 DECEMBER 2018 OF THE MINISTER OF INDUSTRY AND TRADE STIPULATING A NUMBER OF ARTICLES OF DECREES RELATED

• 28 December 2023