AMENDED INVESTMENT LAW EASES PATHWAY TO CARRYING OUT BIG BUSINESS IN VIETNAM
Together with the Law on Enterprises, the new Law on Investment took effect on January 1, with the latter aiming at creating a favourable legal framework to support and promote investment activities and economic development, while also making sure that previous overlaps and inconsistencies are reduced.
ELEVEN LAWS COME INTO FORCE SINCE JANUARY 1, 2021
Eleven laws coming into effect since January 1, 2021 include nine laws approved by the National Assembly in 2020.
DECREES COME INTO EFFECT IN SEPTEMBER
New regulations on management and use of grant aid, issuance of corporate bonds, management of surrogacy, and registration of foreign-flagged ships shall take effect in September.
LAWS COME INTO EFFECT FROM JULY 1
Twelve new policies came into effect from July 1 including the Laws on officers and public employees, passports, state secrets, and entry, exit, transit, and residence of foreigners.
DELOITTE: TAX & CUSTOMS ALERT
In the context of the covid-19 pandemic, the Government first ever issued Directive No. 11/CT-TTg on 04 March 2020 ("Directive No. 11") to direct Ministries and agencies to urgently research, asses and propose solutions to support enterprises in dealing with the pandemic, especially tax solution.
NEW POLICIES, PENALTIES COME INTO EFFECT THIS MONTH
A range of new policies will come into effect this month, including fines of up to VNĐ100 million (US$4,192) for business owners who fail to pay their employees.
EIGHT DECREES, ONE CIRCULAR TAKE EFFECT IN FEBRUARY
The legal documents include new regulations on foreign exchange management regarding foreign currency funding of microfinance, socio-political organizations and non-governmental organizations.
OREIGN-RELATED POLICIES TAKE EFFECT IN 2019
A series of new policies on conditions on setting up a foreign-invested vocational education institution in Viet Nam, use of foreign currencies, and social Insurance for employees who are foreign nationals took effect in 2019.
