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DRAFT DECISION FOR RECYCLING COSTS DETERMINATION

DRAFT DECISION FOR RECYCLING COSTS DETERMINATION

A draft decision has been issued about the calculation of the recycling costs for producers of packaging materials and products that can be recycled.

31 May 2023

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NEW REGULATIONS ON ONSHORE LOANS BY CREDIT INSTITUTIONS
Circular 6 loosens some restrictions on lending and debt repayment currency while introducing certain new requirements and restrictions. Besides, it also creates a new legal framework for digital lending activities.

07 Sep 2023

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IMPORTANT REGULATIONS FOR FOREIGNERS WORKING IN VIETNAM
A draft amendment and supplement to Decree 152 was issued to remove difficulties and obstacles in the process of applying the provisions of Decree 152/2020/ND-CP. It stipulates stricter requirements for foreign workers and the notification process and procedures, and it limits cases of work permit exemption.

21 Aug 2023

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PENALTIES FOR ADMINISTRATIVE CYBERSECURITY VIOLATIONS
This Draft Decree sets out the administrative sanctions for violating the 2018 Cybersecurity Law. It also sets out sanctions for violating the first-ever Decree on Personal Data. If adopted, the decree will go into effect on 1 December 2023.

04 Aug 2023

VAT Reduction
CHANGES IN APPLICABLE VAT RATE
From 1 July to the end of 2023, a reduction of 2% in the VAT rate will apply to goods and services. It applies to all stages of importation, manufacturing, processing and trading. For services, it depends on the date of completion.

12 Jul 2023

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NEW LAW ON MEDICAL EXAMINATION AND TREATMENT
On 9 January 2023, after nearly 13 years of applying the Law on Medical Examination and Treatment No. 40/2009/QH12, the National Assembly issued the Law on Medical Examination and Treatment No. 15/2023/QH15. This New Law will take effect on 1 January 2024.

28 Apr 2023

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VIETNAM COMPETITION COMMISSION OFFICIALLY TAKES SHAPE
On 10 February 2023, the Government issued Decree No. 3/2023/ND-CP providing for the functions, rights and duties, and organisational structure of the Vietnam Competition Commission. Decree 3 will take effect on 1 April 2023.

28 Mar 2023

Dec Update- resized
NEW LAW WILL BE IN LINE WITH FATF 40 RECOMMENDATIONS
The Vietnamese National Assembly adopted a new Law on AML (New Law) on 15 November 2022. This New Law will take effect on 1 March 2023.

30 Dec 2022

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FX ADMINISTRATION OF ENTERPRISES’ FOREIGN BORROWING AND DEBT REPAYMENT
Circular 12 regulates various matters on foreign borrowing and debt repayment, such as the registration procedure of the enterprise’s foreign loan without a Government guarantee, opening and use of accounts for foreign borrowing and debt repayment, and reporting regime related to the enterprise’s foreign loan.

30 Nov 2022

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DECREE 65 ON OFFERING AND TRADING PRIVATE CORPORATE BONDS
Decree 65 supplements the definition of secured bonds, contains more information on how professional investors are determined and more rules for non-professional investors.

29 Oct 2022

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AMENDED LAW ON INTELLECTUAL PROPERTY
The Amended IP Law will enter into force on 1 January 2023 and is changed significantly compared to the current law. Sound marks are recognised for the first time. New definitions for author and co-author are introduced. Bad faith is introduced as a ground to cancel the validity of the trademark registration certificates.

01 Sep 2022

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DRAFT LAW ON LAND
The Draft Law on Land will amend regulations on land price bracket and land user; the basis for land allocation, land lease and change of land use purpose as well as the land use term of the investment projects.

31 Aug 2022

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DRAFT LAW ON PROCUREMENT
The draft aims to achieve better competitiveness, fairness, transparency, and economic efficiency in the management of the State budget. The selection methods of bidders and investors will be amended as well as the process and procedures to select bidders and investors.

31 Jul 2022

Featured News

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DRAFT OF THE NEW LAW ON HOUSING

28 Apr 2023