Vietnamese
Papers needed for cash declaration at border-gates customs offices
What papers to be produced to border-gates customs offices by persons on exit who carry foreign-currency or Vietnam-dong cash amounts subject to declaration?
MPI proposes stricter regulations on provisions of loans for SMEs
MPI proposes stricter regulations on provisions of loans for SMEs
An enterprise that has already taken out a loan from the Small and Medium Enterprise Development Fund might borrow more money from the Fund to carry out another production and business project, but on the condition that it has paid the principal and interest of the former loan fully and timely.
SBV provides VND 15 trillion-credit package to support forestry, fishery businesses
SBV provides VND 15 trillion-credit package to support forestry, fishery businesses
On July 19, the State Bank of Vietnam (SBV) issued Document 5631/NHNN-TD, guiding commercial banks to implement a credit package, worth VND 15 trillion (USD 641 million), for businesses in the forestry and fishery sector.
Stiffer safety requirements for oil and gas facilities
Stiffer safety requirements for oil and gas facilities
The Government on July 1 issued Decree 45, detailing a number of articles of the Law on Oil and Gas, specifying requirements for ensuring safety in the engineering, manufacturing, construction, and operation of oil and gas facilities.
Fees for citizen ID card issuance and other 35 fees from July 01, 2023
Fees for citizen ID card issuance and other 35 fees from July 01, 2023
On June 29, 2023, the Ministry of Finance issues the Circular No. 44/2023/TT-BTC on fees and charges to support the people and enterprises.
Incentives for investment in self-consumption rooftop solar power
Incentives for investment in self-consumption rooftop solar power
The Ministry of Industry and Trade has submitted a draft to the Government for approval of a mechanism to promote the development of self-consumption rooftop solar power systems.
Rates of the charge for granting certificates of origin (C/Os) from July 21, 2023
Rates of the charge for granting certificates of origin (C/Os) from July 21, 2023
On June 06, 2023, the Ministry of Finance issues Circular No. 36/2023/TT-BTC prescribing the rates, collection, remittance, management, and use of the charge for granting certificates of origin (C/Os).
Violators of audit-related regulations to be fined up to VND 100 million
Violators of audit-related regulations to be fined up to VND 100 million
From May 1, the effective date of the 2023 Ordinance on Sanctioning of Administrative Violations in the Field of State Audit, the maximum fine to be imposed on an institutional violator is VND 100 million; for an individual violator, this level is half, i.e., VND 50 million.
Law on Water Resources to be revised for sustainable use of water resources
Law on Water Resources to be revised for sustainable use of water resources
The Ministry of Natural Resources and Environment has recently unveiled a draft amended Law on Water Resources, proposing a number of noteworthy regulations on assurance of water security; protection of water resources; and mobilization of social sources for water development, among others.
Decree on pilot auction of automobiles’ number plates from July 01, 2023
Decree on pilot auction of automobiles’ number plates from July 01, 2023
On June 26, 2023, the Government hereby issues Decree No. 39/2023/ND-CP detailing a number of articles of Resolution No. 73/2022/QH15 dated November 15, 2022, on the pilot auction of automobiles’ number plates.
10 demands ineligible for borrowing loans from September 01, 2023
10 demands ineligible for borrowing loans from September 01, 2023
On June 28, 2023, the State Bank of Vietnam issues Circular No. 06/2023/TT-NHNN on amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN prescribing the provision of loans by credit institutions and foreign bank branches to clients.
Decree on stipulating the policy on value-added tax reduction from July 01, 2023
Decree on stipulating the policy on value-added tax reduction from July 01, 2023
On June 30, 2023, the Government issues the Decree No. 44/2023/ND-CP stipulating the policy on value-added tax reduction from July 01, 2023.
Adjustments to Hanoi Master Plan: Urban development space on both sides of Ring Road 4
Adjustments to Hanoi Master Plan: Urban development space on both sides of Ring Road 4
On June 06, 2023, the Prime Minister issues the Decision No. 700/QD-TTg dated June 16, 2023 on approving adjustments to Hanoi Master Plan by 2045, with a vision towards 2065
New Decree on registration fee rates for domestically manufactured automobiles from July 01, 2023
New Decree on registration fee rates for domestically manufactured automobiles from July 01, 2023
The Government hereby issues Decree No. 41/2023/ND-CP prescribing registration fee rates for automobiles, trailers, or semi-trailers pulled by automobiles and vehicles like domestically manufactured and assembled automobiles.
Amend the Decree on the management of land border gates
Amend the Decree on the management of land border gates
On June 16, 2023, the Government issues Decree No. 34/2023/ND-CP on amending and supplementing a number of articles of Decree No. 112/2014/ND-CP dated November 21, 2014, of the Government providing the management of land border gates.
Extension of deadlines for excise tax payment for domestically manufactured, assembled automobiles
Extension of deadlines for excise tax payment for domestically manufactured, assembled automobiles
On June 21, 2023, the Government hereby promulgates the Decree No. 36/2023/ND-CP on the extension of deadlines for excise tax payment for domestically manufactured or assembled automobiles.
The National Assembly Standing Committee approves the reduction of VAT of 8% from July 01, 2023
The National Assembly Standing Committee approves the reduction of VAT of 8% from July 01, 2023
The General Secretary of the National Assembly issues the Notice No. 2298/TB-TTKHQ on the conclusion of the National Assembly Standing Committee on projects under the National Assembly's Resolution on reduction of value-added tax.
New guidance on trading of privately placed corporate bonds
New guidance on trading of privately placed corporate bonds
Circular No. 30/2023/TT-BTC guiding the registration, depository of, exercise of rights, transfer of ownership rights to, payment for, and organization of the market for trading of, privately placed corporate bonds in the domestic market is issued by the Ministry of Finance on May 17, 2023.
Increase the charge for driving tests from August 01, 2023
Increase the charge for driving tests from August 01, 2023
On June 07, 2023, the Ministry of Finance issues Circular No. 37/2023/TT-BTC prescribing the rates, collection, remittance, management, and use of charge for driving tests; fee for grant of licenses or certificates of eligibility for operating all types of vehicles and fee for registration or grant of number plates for special-use vehicles.
Updated interest rates in 2023
Updated interest rates in 2023
LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loan, outstanding housing support loan, short term loan...
From July 17, 2023: Inspection and identification of the origin of exports in customs clearance
From July 17, 2023: Inspection and identification of the origin of exports in customs clearance
On May 31, 2023, the Minister of Finance issues the Circular No. 33/2023/TT-BTC prescribing the identification of the origin of exports or imports.
