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

In 2022 and 2023, due to severe impact of COVID-19, the Vietnamese government issued Resolution 43/2022/QH15, decided to reduce the Value-added Tax (VAT) rate from 10% to 8%. These adjustments, which occurred during the last ten months of 2022 and the latter half of 2023, had a notably positive impact on both consumers and businesses in the market.

• 28 December 2023

This update discusses several points regarding social housing in the revised Law on Housing, including: 1) regulations requiring the arrangement of social housing land in commercial projects, 2) regulations on incentives for investors in social housing projects, and 3) regulations on profit margins for investors.

• 28 December 2023

This update discusses several points regarding the new housing law, including: 1) Issued pink book to qualified mini-apartment buyers, 2) no regulation on the period of ownership of an apartment, 3) investor of a commercial housing project must be a real estate business, 4) Exemption from land use fees for renovation, and other matters.

• 28 December 2023

On 31 October 2023, the State Bank of Vietnam issued Circular 13 delineating a number of significant changes to the regulatory framework of licensing, organization and operations of commercial banks in Vietnam, including news that enterprises which are not banks will have an opportunity to hold capital in joint venture banks in Vietnam.

• 28 December 2023

1 DECREE ON REGULATIONS ON THE PREVENTION AND COMBAT OF COUNTERFEIT MONEY AND PROTECTION OF VIETNAMESE CURRENCY Chapter I .................................................................................................................................................. 3 GENERAL PROVISIONS ........................................................................................................

• 08 December 2023

This technical update covers the guidance on corporate bonds amid the financial distress, namely Decree No. 08/2023/ND-CP regulating regulations on corporate bonds. The Decree was promulgated as the government’s solution to help domestic real estate companies facing tight cash flow pressures.

• 27 December 2023

Starting 1 December 2023, transactions with the minimum value of 400,000,000 Vietnamese Dong will require reporting to the State Bank. This article delves into the key aspects of Law No. 14/2022/QH15 on Anti-Money Laundering, Decision No. 11/2023/QD-TTG and Circular No. 09/2023/TT-NHNN.

• 24 December 2023

1 MINISTRY OF HEALTH ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 23/2023/TT-BYT Hanoi, 30 November 2023 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES IN CIRCULAR NO. 01/2018/TT-BYT DATED 18 JANUARY 2018 OF THE MINISTER OF HEALTH REGULATING THE LABELLING OF DRUGS, MEDICINAL INGREDIENTS AND DRUG USE INSTRUCTION SHEETS Pu

• 30 November 2023