Business News

[05-12-2014] On 25 November, the National Assembly passed a new law on residential housing. This new law will come into effect next July. While the enacted version has not yet been released, based on the last version submitted to the National Assembly for voting which was made available to us, key changes in the new law include:

[01-12-2014] Regulations on Vietnamese nationality retention, administrative violation sanctions in monetary and banking area, land price framework are among the fresh policies that take effect in December.

[03-12-2014] 'Circular No. 19/2014 (Circular 19) on Foreign Exchange Control in Foreign Direct Investment Activities in Vietnam' was issued by the State Bank of Vietnam (SBV) and became effective on 25 September 2014. It requires that payments for the acquisition of shares or equity in foreign direct invested enterprises (FIE) must be made via the FIE’s direct investment capital account.

[01-12-2014] The Alert update on the Amended Law on a number of tax Laws and Amended Law on Special Sales Tax dated 26 November 2014 by the National Assembly of Vietnam. The Amended Law on a number of tax Laws will take effect from 1 January 2015. The Amended Law on Special Sales Tax will take effect from 1 January 2016.

[19-11-2014] The Alert update on Decree No. 103/2014/ND-CP dated 11 November 2014 by the Government replacing Decree No. 182/2013/ND-CP dated 14 November 2013 to stipulate the region-based minimum wage levels for all types of enterprises, cooperatives, cooperative groups, farms, households, individuals, agencies and organizations that hire workers. 

[02-11-2014] A string of policies on divestment, fuel prices, attraction of foreign scientists; import tax exemption on medical equipment, value-added tax, road user charges come into effect since November, 2014.

[30-10-2014] The Ministry of Finance issued Circular 151/2014/TT-BTC (“Circular 151”) on 10 October 2014 guiding Decree 91/2014/ND-CP (“Decree 91”) regarding various changes on Corporate income tax, Value added tax, Personal income tax and tax administration. Circular 151 will take effect from 15 November 2014, except for the provisions relating to CIT which will apply for the 2014 tax year.

[08-10-2014] The Alert update on Circular 151/2014/TT-BTC dated October 10, 2014 by the Ministry of Finance guiding Decree 91/2014/ND-CP, which amends and supplements regulations on Corporate Income Tax, Value Added Tax, Personal Income Tax and Tax Administration.