In recent meetings, the National Assembly is taking time to consider and approve 10 law projects, 5 draft resolutions and comment on 6 other laws. In particular, the draft Law on Investment (amended) is receiving a lot of attention, as it creates an important legal framework and determines whether or not Vietnam will attract foreign […]
On May 20, 2020, the Ministry of Finance issued Official Dispatch no. 5977/BTC-TCT on the implementation of Decree no. 41/2020 regarding corporate income tax (CIT) and value-added tax (VAT) payment extension. Extension of CIT payment: The remaining CIT payable according to the settlement of the 2019 tax year: Excluding quarterly CIT temporarily paid by Article […]
To facilitate the criminal judgment execution process with respect to commercial legal entities, the Government had issued Decree no. 44/2020/ND-CP (hereinafter referred to as “Decree no.44”) and Decree no. 55/2020/ND-CP (hereinafter referred to as “Decree no. 55”), respectively on April 08th, 2020, and May 22nd, 2020. Decree no. 44 determines principles, measures, procedures of coercive […]
To comply with current laws and reduce administrative procedures, on April 17th 2020, the Ministry of Finance issued Circular No. 28/2020/TT-BTC abolishing a number of legal documents promulgated by The Minister of Finance in the field of Securities, Insurance business, Banking and finance (“Circular 28”). Specifically as follows: In Securities, Circular 28 abolishes Circular No. […]
On May 15, 2020, Decree no. 35/2020/ND-CP detailing the Competition Law 2018 officially takes effect. Decree No. 35/2020 /ND-CP was issued to guide the Competition Law 2018, specifically: Determination of relevant market and market share; Assessment of substantial anticompetitive effects caused or probably caused by anti-competitive agreements; Determination of substantial market power; Economic concentration; Legal […]
