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DRAFT DECREE IMPLEMENTING THE LAW ON ENVIRONMENTAL PROTECTION

The draft decree provides details on the environmental permits, it sets out environmental criteria for investment project classification and requires organisations or individuals to obtain a liability insurance in specific sectors and industries. Finally, incentives and supporting policies in environmental protection are included.

20 Sep 2021

DECREE 13 ENCOURAGES INVESTMENT IN SCIENCE AND TECHNOLOGY
Decree 13 provides strong incentives to invest in the science and high-tech sectors in Vietnam by simplifying the procedure and providing preferential treatment for investors. The incentives are related to tax, and loans. Decree 13 is expected to accelerate research and development activities.

08 Apr 2019

CIRCULAR 2 ON CHANGES IN ENTERPRISE REGISTRATION
Following the entering into force of Decree 108 in October last year, Circular 2 now introduces new templates for registration of a business. All 89 templates are renewed. Furthermore, it provides for some changes related to the legal basis for the procedure related to the registration and to the relevant authority.

31 Mar 2019

CIRCULAR 17 ON SELF-INSPECTION AND REPORTING OF LABOUR LAW COMPLIANCE
Circular 17 will ensure that companies are taking an active approach towards their compliance with labour laws and correlatively, employer obligations and employee rights. It provides guidelines on the scope, timing and reporting. Employers are required to implement solutions to improve if the self-inspection shows this.

04 Jan 2019

FUTURE OF WIND ENERGY IN VIETNAM
Vietnam has an encouraging opportunity to move away from its reliance on foreign coal and develop its own modern renewable energy system free from pollution of its air, waterways, and agricultural land. Decision No. 39/2018/QD-TTg is expected to have a positive impact as a more commercially viable feed-in tariff was introduced.

03 Jan 2019

DECREE 148 CLARIFIES VIETNAM’S EMPLOYMENT FRAMEWORK
Decree 148 provides a much needed simplification of the current employment framework. It contains provisions on the period that counts for the severance allowance, the disciplinary hearing, settlement time in case of mutual termination; and what needs to be in the labour contract.

02 Jan 2019

INVESTMENT CLIMATE IN VIETNAM EXPECTED TO IMPROVE AFTER CHANGES IN THE LAWS
A draft law amending several articles of the Law on Investment and the Law on Enterprises has been published for public comments. The amendments are expected to be adopted and come into effect in 2019. It is predicted that the scope of changes will not detrimentally affect an investment project. Notable is also that the time to fulfil the capital contribution requirements will be lengthened considerably.

27 Dec 2018

DECREE 143 ON APPLICABILITY OF SOCIAL INSURANCE FOR FOREIGN EMPLOYEES
Under the Law on Social Insurance of end 2014 it would also apply to foreign employees as of 1 January 2018. Decree 143 gives the long-awaited guidance about the scope of the Law on Social Insurance. The application will be implemented in two steps. The first part enters into force in 2018 and the second per 2022.

21 Dec 2018

DECREE 119 PROVIDING GUIDANCE ON E-INVOICING
Decree 119 gives information related to the introduction of e-invoices in Vietnam. By 1 November 2020 companies are required to use the e-invoice and cannot use paper VAT invoices anymore.

18 Dec 2018

DECREE 140 EASES EMPLOYMENT OF A FOREIGN EMPLOYEE
Decree 140 addresses issues related to work permits and work permit exemption for foreigners working in Vietnam. It eases the requirements for foreign employees as more persons are exempted, fewer documents need to be submitted and the necessity to submit a labour usage plan for certain foreign employees is removed.

19 Nov 2018

NEW CYBERSECURITY LAW EXPECTED TO IMPACT FDI
The new Cybersecurity Law is expected to impact FDI as it requires investors to open a branch or representative office when active in sectors covered by the law. Companies have to comply with the requirements by 1 January 2019.

08 Nov 2018

DECREE 22 ON IPR
Decree 22 provides additional information on collection and distribution of royalties, protection invalidation of copyright and related rights, and the timeline related to the copyright registration certificate.

25 Sep 2018

DECREES 57 AND 98 FACILITATE INVESTMENTS IN AGRICULTURAL SECTOR
More incentives are introduced to attract and facilitate investment in the agricultural sector by Decree 57 and Decree 98 introduces the concept of linkage and provides for incentives related to linkage projects. These incentives are expected to turn Vietnam into an agriculturally intensive processing centre of the world and a logistics centre for global agricultural trading.

14 Sep 2018

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