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Vietnam: Stricter conditions for foreign loans by Vietnamese companies being non-credit institutions

In June 2023, the State Bank of Vietnam (SBV) issued Circular 8/2023 which prescribes conditions for Vietnamese borrowers to borrow foreign loans without a Government guarantee. In this update, we discuss the borrowing conditions for a Vietnamese Company.

  • 10 September 2023
  • Vietnam
  • Legal Updates

Vietnam: Grant Thornton Tax Newsletter - August 2023

In this newsletter: 1. Circular 08/2023/TT-NHNN on eligibility requirements of foreign loans without government’s guarantee, 2. Circular 05/2023/TT-BKHDT on reporting form, implementation of quarterly report on investment activities, 3. Application of additional CIT in accordance with Global Anti-Base Erosion Model Rules (GloBE), and Others: 1995/BHXH-TCKT, 46974/CTHN-TTHT, and 8999/CTTPHCM-TTHT.

  • 31 August 2023
  • Vietnam
  • Legal Updates

Vietnam: Software Exporters in Vietnam Should Plan to Maximize VAT Refund

In this article, we explore the value-added tax refund scheme for software production in Vietnam, discuss eligibility criteria, and outline the process and tax risks involved in claiming the refund to maximize the amount received.

  • 31 August 2023
  • Vietnam
  • Legal Updates

Mazars in Vietnam Newsletter - Tax & Legal Update - Issue July 2023

In this update: 1) Guidance on electronic invoices ("E-invoices"), 2) Guidance on personal income tax ("PIT"), and 3) Official Letter 2162/TCT-KK issued by the GDT dated 31 May 2023 guiding the change of tax registration information

  • 30 August 2023
  • Vietnam
  • Legal Updates

Vietnam: Registering A Foreign-invested Company’s E-commerce Exchange Operation

Vietnamese law has allowed foreign investors to operate E-commerce exchanges to attract foreign investment, but also carefully placed several necessary conditions that foreign investors must follow to safeguard domestic E-commerce exchange developers. A foreign-invested company registering to run an E-commerce exchange needs to perform the stages outlined in this article.

  • 30 August 2023
  • Vietnam
  • Legal Updates

Circular · Ministry of Transport & Communications · 19/2023/TT-BGTVT Circular 19/2023/TT-BGTVT On Amending, Supplementing And Abolishing A Number Of Articles Of Regulatory Circulars Related To Air Transport

1 MINISTRY OF TRANSPORT ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 19/2023/TT-BGTVT Ha Noi, 30 June 2023 CIRCULAR ON AMENDING, SUPPLEMENTING AND ABOLISHING A NUMBER OF ARTICLES OF REGULATORY CIRCULARS RELATED TO AIR TRANSPORT Pursuant to the Law on Civil Aviation of Vietnam dated 29 June 2006 and the Law amending and supplementing a n

  • 30 June 2023
  • Vietnam
  • Laws & Regulations
  • Translated

Circular · State Bank of Vietnam · 10/2023/TT-NHNN Circular 10/2023/TT-NHNN On Suspend The Implementation Of Some Contents Of Circular No. 39/2016/TT-NHNN Dated 30 December 2016 Of The Governor Of The ...

1 STATE BANK OF VIETNAM ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 10/2023/TT-NHNN Ha Noi, 23 August 2023 CIRCULAR ON SUSPEND THE IMPLEMENTATION OF SOME CONTENTS OF CIRCULAR NO. 39/2016/TT-NHNN DATED 30 DECEMBER 2016 OF THE GOVERNOR OF THE STATE BANK OF VIETNAM REGULATING LENDING ACTIVITIES OF CREDIT INSTITUTIONS AND FOREIGN BANK B

  • 23 August 2023
  • Vietnam
  • Laws & Regulations
  • Translated

Vietnam: Two notes about taxes on the lease of property in Vietnam

A lease of property is a form in which the person who has the right to the property hands over the property to another person for a certain period of time and collects a corresponding lease amount. In Vietnam, the property leasing activities of individuals are incredibly diverse with different property objects. This update presents several notes below about Vietnam’s tax policies on leasing individual property.

  • 30 August 2023
  • Vietnam
  • Legal Updates

Restoration of Vietnamese nationality

Some people have renounced their Vietnamese nationality and now want to return to Vietnam to live and apply for restoration of Vietnamese nationality to facilitate residence and work, and others have lost their Vietnamese nationality and want to restore it. Vietnamese who have renounced their nationality must meet several legal requirements to restore their Vietnamese nationality. In this article, BLawyers Vietnam raises four questions below to be considered before the restoration of

  • 30 August 2023
  • Vietnam
  • Legal Updates

Vietnam: Terminating a labour contract of an employee who regularly fails to complete work

Through the below three questions, this update discusses notes regarding the unilateral termination of labour contracts due to the frequent non-completion of work from employees, according to the prevailing laws of Vietnam.

  • 30 August 2023
  • Vietnam
  • Legal Updates

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