Business News

Customs legislation of all levels (Law, Decree and Circular) are currently under review, of which some are expected to be issued and effective in the soon time. By this Alert, we would like to update the Client 02 of the main proposed changes that may have significant impact to your business, specifically:

A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017.

On 25 August 2017, the General Department of Customs (GDC) issued an internal Directive No. 5591/TCHQ-TXNK to all city/provincial Departments of Customs instructing them to re-examine the HS codes declared on certain imported goods

Sticket warning of contents for publications for children, online issuance of work permit to foreign workers Viet Nam, the exchange management of the business of prize-winning electronic games for foreigners were among new policies taking effect from October, 2017.

The Presidential Office on July 12 organized a press conference to announce six new laws which were approved at the third session of the 14th National Assembly.

Many policies concerning maritime, taxation, investment, insurance and Pangasius fish farming have taken effect from July.

The Government and the PM issued 16 legal documents, including 10 Decrees and six Decisions in March 2017. The Government issued a Decree No. 23/2017/NĐ-CP on amending and supplementing Decree No. 162/2013/NĐ-CP on sanctioning administrative violations in the sea areas and the continental shelf of Viet Nam.

From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.