On 1 January 2024, Decree No. 77/2023/ND-CP issued by the Government governing the importation of remanufactured goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”) comes into force.
1 LAW ON CREDIT INSTITUTIONS (18 January 2024) 2 CHAPTER I ............................................................................................................................................................... 9 GENERAL PROVISIONS ..................................................................................
1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 01/2024/TT-BCT Ha Noi, 15 January 2024 ------- CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 21/2016/TT-BCT DATED 20 SEPTEMBER 2016 OF THE MINISTER OF INDUSTRY AND TRADE STIPULATING THE IMPLEMENTATION OF RULES OF ORIGIN
Following Resolution No. 110/2023/QH15 and in the context of Vietnam adopting the Global Minimum Tax rule from 1 January 2024, the Government has initiated a draft decree on the establishment, management and use of investment support fund, aiming to support, encourage and attract strategic investments.
1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 02/2024/TT-BCT Ha Noi, 15 January 2024 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 31/2015/TT-BCT DATED 24 SEPTEMBER 2015 OF THE MINISTER OF INDUSTRY AND TRADE STIPULATING THE IMPLEMENTATION OF RULES OF ORIGIN IN THE AGREEMEN
Some changes to the work permit regulations were recently introduced in Decree 70/2023 issued on 18 September 2023, which amended Decree 152/2020. Decree 70 came into effect from its issuance date, except for certain points which became valid from 1 January 2024.
Supplier finance arrangements provide companies with solutions for managing working capital. As the use of these solutions expands, it has become increasingly important that investors have transparency over the effect on a company’s liabilities, cash flows and exposure to liquidity risk. Starting in 2024, IFRS reporters will be required to provide additional disclosures about these arrangements to fulfil those investor needs.
On 07 January 2023, the Ministry of Industry and Trade (MOIT) issued Decision No. 21/2023/QD-BCT (Decision 21) on the official power price framework for the transitional renewable energy (RE) projects. In this legal update, we will highlight several remarkable information for the power project investors about the new power price framework.
On 01 Nov 2023, the Ministry of Industry and Trade promulgated Circular 19 on methods of developing a price frame for electricity generation of solar and wind power plants. This circular is also applicable to Vietnam Electricity (EVN). This update analyses and gives in-depth determination on the developing method of the annual price frame.
This update covers two developments: 1) On 28 December 2023, the Government issued Decree 94/2023, guiding the implementation of the 2% VAT rate reduction from 1 January to 30 June 2024, and 2) Resolution 107/2023/QH15 regarding the Global Minimum Tax passed by the Vietnam National Assembly on 29 November 2023 came into effect on 1 January 2024.