THREE IMPORTANT FINANCIAL POLICIES TO TAKE EFFECT IN MAY
From May 18, foreign investors can only buy treasury shares if the shares were purchased by Vietnamese credit institutions before January 1, 2021. New policies concerning foreign investors, apartment management fees in Hà Nội, and money printing orders from the State Bank, will come into effect next month. Regarding ownership ratios, the total foreign ownership in a Vietnamese commercial bank cannot exceed 30 per cent of the bank's charter capital and cannot exceed 50 per cent in non-bank CIs.
DIRECTIVE 08/CT-BCT: DRIVING CONSUMPTION, STRENGTHENING MARKET CONTROL
The Agency for Domestic Market Surveillance and Development (DMS) recently issued Official Dispatch 319/TTTN-NV, dated April 5, 2025, to local Departments of Industry and Trade. The dispatch concerns the implementation of Directive 08/CT-BCT, dated April 4, 2025, from the Minister of Industry and Trade, which outlines solutions to boost domestic market development and stimulate consumption in 2025.
LAW ON DEPOSIT INSURANCE TO BE AMENDED
According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV).
FLEXIBLE TAX POLICY TO PROPEL VIỆT NAM'S ECONOMIC GROWTH IN 2025
The Vietnamese government has extended and enhanced tax relief for 2025, offering reductions and deferrals to boost economic growth.
THE ISSUANCE OF WORK PERMITS TO FOREIGNERS WORKING IN VIETNAM
At the meeting between City Leaders and the Leaders of Foreign Business Associations on 22 February 2023, the Department of Labor - Invalids and Social Affairs acknowledged the contributing opinions in connection with the issuance of work permits to foreigners working in Vietnam.
POLICIES TAKE EFFECT IN APRIL
New policies on environmental tax, application of e-invoice, and customs fees and charges will come into effect in this April.
SIX LAWS TAKE EFFECT SINCE JANUARY 1, 2022
Six laws on environmental protection, handling of administrative violations, Vietnamese laborers working abroad, drug prevention and control, border defense and statistics come into effective in January 1, 2022.
POLICIES TAKE EFFECT FROM JULY
A string of fresh policies on residence, social support for social protection beneficiaries, prevention and control of HIV/AIDS come into effect from July.
