Due to the complicated situation of COVID-19 pandemic in Vietnam, a large number of enterprises have no choice but to cut down their business scale; many are shut down, suspended or have to narrow their production; millions of workers had to stop working take unpaid leave, etc. Legally, the forms of employee reduction that enterprises […]
On the sixteenth of March, 2020 the Ministry of Finance issued Decision 345/QD-BTC approving for application of financial reporting standards (“FRS”) in Vietnam. The objectives of the scheme are to (1) Develop measures and route, publicize and provide assistance regarding the application of international financial reporting standards (IFRS) in Vietnam for each defined entity satisfactory […]
On April 8th, 2020, the Government issued Decree No. 41/2020/ND-CP stipulating the extension of the deadline for paying tax and land rent (“Decree 41”). Decree 41 is based on the proposal of the Minister of Finance in the Government Report No. 3540/TTr-BTC on the Draft Decree to extend the time limit for paying tax and […]
Regarding the management model of a joint stock company, the Enterprise Law 2014 made some changes compared to the Enterprise Law 2015, in which a joint stock company may choose either two mangement model, unless otherwise prescribed by Law on securities: Model 1: General Meeting of Shareholders, Board of Directors, Control Board and Director(General Director). […]
On March 30, 2020, in an attempt to prevent the increase of Covid-19 pandemic and to raise people’s awareness about disease prevention and control, the Council of Judges of the Supreme People’s Court issued Official Dispatch no. 45/TANDTC-PC on guiding the application of the law and organizing the trial for a number of common violations […]
