1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 03/2024/TT-BCT Ha Noi, 30 January 2024 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULARS OF THE MINISTER OF INDUSTRY AND TRADE IN THE FIELD OF FRANCHISING, REPRESENTATIVE OFFICES AND BRANCHES OF FOREIGN TRADERS, GOODS PURCHASE AND

• 30 January 2024

1 MINISTRY OF INDUSTRY AND TRADE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 44/2023/TT-BCT Ha Noi, 29 December 2023 ------- CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 05/2018/TT-BCT DATED 03 APRIL 2018 OF THE MINISTER OF INDUSTRY AND TRADE REGULATING THE ORIGIN OF GOODS Pursuant to Government Dec

• 29 January 2024

1 MINISTRY OF FINANCE ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 06/2024/TT-BTC Ha Noi, 29 January 2024 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 81/2019/TT-BTC DATED 15 NOVEMBER 2019 OF THE MINISTER OF FINANCE REGULATING RISK MANAGEMENT IN CUSTOMS PROFESSIONAL ACTIVITIES Pursuant to the La

• 29 January 2024

On 17 April 2023 the Government promulgated the First-ever Decree (No. 13/2023/ND-CP) on Personal Data Protection. As the PDPD encompasses the requirements applicable to businesses involving in the personal data processing activities, we shall take a closer look at its key implications for this particular subject.

• 28 January 2024

KPMG provides the recent Official Letters (“OLs”) issued by the General Department of Taxation for your reference. This update covers the notable points regarding: 1) Intensified focus on PIT compliance issues during tax audits, 2) Deductibility of overseas compulsory social insurances for PIT calculation.

• 28 January 2024

I n this article we highlight notable changes introduced under the new Real Estate Law 2023 and, if necessary, make a comparison with the current Real Estate Business Law 2014.

• 28 January 2024

Disputes in mergers and acquisitions are increasingly complex, involving parties from different countries with distinct cultures and legal backgrounds. This article outlines some basic characteristics of M&A activities, provides information about mediation activities, and explains why mediation is considered a comprehensive method for resolving disputes in M&A transactions.

• 28 January 2024

In Vietnam, the primary channels for medicine distribution are over-the-counter (OTC) and essential therapeutic care (ETC) drugs. According to Vietnam Credit's Overview of Vietnam's Pharmaceutical Industry, ETC channels constitute 70% of the medicine market, with OTC channels making up the remaining 30%.

• 28 January 2024

At law, enterprises engaging in certain special business lines (e.g. labour outsourcing service, employment services, etc.) are required to place a security deposit at a licensed bank in Vietnam before conducting the relevant businesses. The Security Deposit is subject to strict control regulations.

• 28 January 2024

In 2022 and 2023, due to the severe impact of COVID-19, the Vietnamese government issued Resolution 43/2022/QH15, to reduce the VAT rate from 10% to 8%. These adjustments had a notably positive impact on both consumers and businesses in the market. And on November 29, 2023, the National Assembly approved a 2% reduction in VAT for specified groups of goods and services from January 1, 2024, to June 30, 2024.

• 28 January 2024