News

VIETNAM’S NEW NATIONAL ENVIRONMENTAL PROTECTION STRATEGY

The strategy gives a number of key solutions, including actively preventing and controlling negative impacts on the environment and environmental incidents, encouraging ecological and circular economic development, green growth, and promoting sustainable production and consumption.

11 May 2022

MANAGEMENT AND USE OF INTERNET DOMAIN NAMES

Circular 21 introduces new domain names: id.vn, io.vn and ai.vn. The first is for individuals only and the other for both individuals and organisations. Upon expiration of a domain name, it will be suspended immediately but it can be renewed within 25 days.

16 May 2022

CHANGES IN PAYMENT, DECLARATION AND FILING REQUIREMENTS FOR CIT AND PIT

The Draft Decree will impact the practice of e-commerce providers about being compliant with tax submissions. Provisional CIT obligations at the end of any calendar year will favourably impact companies with high revenue in the last quarter. Some changes related to PIT are introduced as well.

13 May 2022

CHANGES IN THE COMBAT OF CORRUPTION

The decree results in changes of decisions related to the suspension or temporary reassignment of official duties, the definition of extremely serious cases of corruption has been changed and the periodic relation of office will be applied to more positions.

27 Apr 2022

CIRCULAR 5: RULES OF ORIGIN UNDER RCEP

Circular 5 provides further information on how to define the origin of goods to qualify for reductions under the RCEP. It contains specific provisions on applicable tax differences for beneficiaries of the RCEP, unifying definitions, specifications, requirements, formalities, and tax rates. Thereby facilitating cross-border trade inside the free trade zone, one of the core incentives for RCEP signatories.

24 Mar 2022

PENALTIES FOR ADMINISTRATIVE VIOLATIONS IN SECURITIES SECTOR

Decree 128 on penalising administrative violations in securities and the securities market sector amends some existing penalties and adds a new one as well. Penalties can be given related to issuing shares, selling treasury shares, publishing maximum ownership ratio and the reporting regime.

21 Feb 2022

RESOLUTION 43 – ANALYSIS OF THE POST-COVID ECONOMIC REVIVAL PACKAGE

Resolution 43 sets out the new fiscal and monetary policies to support the Vietnamese program of socio-economic recovery and development. It contains guidance on tax reduction and exemption, steered public investment in various sectors and monetary measures. It will have an impact on businesses and individuals.

28 Jan 2022

ADMINISTRATIVE VIOLATIONS AGAINST PLANNING AND INVESTMENT REGULATIONS

Decree 122 clarifies the definition of organisation, imposes higher administrative penalties for many violations covered by it. It also adds a new sanction for over-declaration of the charter capital.

28 Jan 2022

VIETNAMESE PHARMACEUTICAL MARKET WEBINAR

Vietnamese pharmaceutical sector has grown significantly over the last decade thanks to positive regulatory changes and rising domestic demand. Watch the Vietnamese Pharmaceutical Market Webinar, a part of BritCham Vietnam's Sector-focused Webinar Series, where we discuss opportunities and challenges within the imported pharmaceutical market in Vietnam.

03 Dec 2021

RESOLUTION 128: FLEXIBLE ADOPTION AND EFFECTIVE CONTROL OF THE PANDEMIC

Directives 15, 16 and 19 no longer provide guidelines in light of COVID-19. Instead, Resolution 128 outlines how services can be provided and businesses can operate. The country will be divided into red, orange, yellow or green zones with connected possibilities and requirements. The provincial People’s Committees are responsible for implementation.

20 Oct 2021

GRADUAL RE-OPENING AND SOCIO-ECONOMIC DEVELOPMENT OF HCMC

Directive 18 provides information on which businesses can open and which not yet and under which conditions. It also prescribes the obligation to use QR codes for movement and proof of vaccination. Step-by-step more businesses can open again which will help to recover HCMC's economy.

12 Oct 2021

LATEST DRAFT INSURANCE BUSINESS LAW MORE IN LINE WITH PREVALENT VIETNAMESE LAWS

The law will also cover insurers, reinsurers and insurance brokers practising insurance auxiliary services and other activities directly related to the insurance business. Insurance services and products can be offered and promoted online. Finally, it simplifies some investment and establishment conditions.

01 Oct 2021

GOVERNMENT'S RESOLUTION 116 TO SUPPORT EMPLOYERS AND EMPLOYEES

In light of difficulties caused by the 4th wave of COVID-19 the government issued Resolution 116 with financial support packages for employees and employers. Certain conditions need to be met in order to qualify for this support.