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.
03 subjects of public sector downsizing from July 20, 2023
03 subjects of public sector downsizing from July 20, 2023
In accordance with the Decree No. 29/2023/ND-CP dated June 03, 2023 on public sector downsizing, the Government prescribes 3 subjects of public sector downsizing from July 20, 2023.
From July 15, 2023: Application of ordinary duty rates for imported goods
From July 15, 2023: Application of ordinary duty rates for imported goods
On May 31, 2023, the Prime Minister issues Decision No. 15/2023/QD-TTg providing for the application of ordinary duty rates for imported goods.
From July 15, 2023: Fees for certificate of eligibility to provide environmental monitoring services
From July 15, 2023: Fees for certificate of eligibility to provide environmental monitoring services
On May 31, 2023, the Minister of Finance of Vietnam issues the Circular No. 34/2023/TT-BTC prescribing fees for appraisal of applications for certificate of eligibility to provide environmental monitoring services, collection, transfer, management and use thereof.
The Preferential Export and Import Tariff and out-of-quota duty rates
The Preferential Export and Import Tariff and out-of-quota duty rates
On May 31, 2023, the Government issues Decree No. 26/2023/ND-CP on the Export Tariff, the Preferential Import Tariff, and the list of commodity items and their specific duty rates, combined duty rates, and out-of-quota duty rates.
Guidance for workers in South Korea to get loan support of VND 100 million
Guidance for workers in South Korea to get loan support of VND 100 million
This is the content which is approved by the Prime Minister in the Decision No. 16/2023/QD-TTg dated June 01, 2023 on the providing loan support to make deposits in the Vietnam Bank for Social Policies for workers being policy beneficiaries who work in South Korea.
The rate of environmental protection charges on mineral exploitation from July 15, 2023
The rate of environmental protection charges on mineral exploitation from July 15, 2023
On May 31, 2023, the Government issues the Decree No. 27/2023/ND-CP on environmental protection charge on mineral exploitation.
The policy takes effect today (June 01, 2023)
The policy takes effect today (June 01, 2023)
On June 01, 2023, the policy of reducing the fee for use registration of the national domain names formally takes effect.
New policies take effect on May 25, 2023
New policies take effect on May 25, 2023
New policies which take effect on May 25, 2023, include new regulations on the deposit interest rate, refinance interest rate, and digitalization of dossier and results of administrative procedure settlement.
05 cases of temporary closing of expressways
05 cases of temporary closing of expressways
On May 19, 2023, the Government issues Decree No. 25/2023/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 32/2014/ND-CP dated April 22, 2014, on the management, operation, and maintenance of expressway facilities.
List of scrap permitted for import from overseas
List of scrap permitted for import from overseas
On May 22, 2023, the Prime Minister issues the Decision No. 13/2023/QD-TTg providing the list of scrap permitted for import from overseas for use as production materials
Change the agencies receiving dossiers for licensing mineral activities
Change the agencies receiving dossiers for licensing mineral activities
On May 12, 2023, the Government issues Decree No. 22/2023/ND-CP on amending and supplementing a number of articles of Decrees related to business activities in the field of natural resources and environment.
New: Interest rates are issued by banks in 2023
New: Interest rates are issued by banks in 2023
LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loans, outstanding housing support loans, and short-term loans...
Approve the National Power Development Master Plan: Prioritize gas-fired power, renewable electricity export
Approve the National Power Development Master Plan: Prioritize gas-fired power, renewable electricity export
On May 15, 2023, the Prime Minister issues Decision No. 500/QD-TTg on approving the National Power Development Master Plan for the 2021-2030 period, with a vision to 2050 (Power Master Plan VIII).
The funds for increasing base salary levels from July 01, 2023
The funds for increasing base salary levels from July 01, 2023
This is the content prescribed by the Government at Decree No. 24/2023/ND-CP prescribing the base salary for cadres, civil servants, public employees, and armed forces.
Conditions for acting as foreign exchange agents of China, Laos or Cambodia
Conditions for acting as foreign exchange agents of China, Laos or Cambodia
On May 12, 2023, the Government issues Decree No. 23/2023/ND-CP on amending and supplementing a number of articles of Decree No. 89/2016/ND-CP prescribing conditions for foreign exchange agency foreign currency receipt and payment services of economic organizations.
The Ministry of Health prescribes 13 no-smoking places
The Ministry of Health prescribes 13 no-smoking places
On May 11, 2023, the Minister of Health issues Circular No. 11/2023/TT-BYT providing regulations on no-smoking places and consideration for the conferment of Tobacco-Free Environment Awards.
District-level People's Committees decide on prices of recovery land and land use levy
District-level People's Committees decide on prices of recovery land and land use levy
On May 06, 2023, 2023, the Government issues the Resolution No. 73/NQ-CP on the authorization for deciding the specific land prices.
9 subjects of increasing base salary from July 01, 2023
9 subjects of increasing base salary from July 01, 2023
On May 14, 2023, the Government issues the Decree No. 24/2023/ND-CP prescribing the base salary for cadres, civil servants, public employees and armed forces.
Cases of know-your-customer for anti-money laundering
Cases of know-your-customer for anti-money laundering
This is the important content prescribed in the Decree No. 19/2023/ND-CP detailing a number of articles of the Anti-Money Laundering Law.
Casinos must conduct know-your-customer activities for the transaction of VND 70 million
Casinos must conduct know-your-customer activities for the transaction of VND 70 million
On April 28, 2023, the Government issues Decree No. 19/2023/ND-CP detailing a number of articles of the Anti-Money Laundering Law. And this Decree takes effect on the signing date.
2023: Import tariff quotas for raw tobacco is 68,414 tons
2023: Import tariff quotas for raw tobacco is 68,414 tons
The Circular No. 11/2023 is issued by the Ministry of Industry and Trade on May 08, 2023, providing 2023 import tariff quotas of raw tobacco. The import tariff quota of raw tobacco shall be applied from June 23, 2023, to the end of December 31, 2023.
From May 10, 2023, the concessional loan interest rate for purchase of social houses is 4.8 %/year
From May 10, 2023, the concessional loan interest rate for purchase of social houses is 4.8 %/year
On May 10, 2023, the Prime Minister issues Decision No. 486/QD-TTg on the Vietnam Bank for Social Policies’ concessional loan interest rate for the purchase and rent-purchase of social houses and house building, renovation, or repair.
Updated interest rates in 2023
Updated interest rates in 2023
LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loans, outstanding housing support loans, and short-term loans...
New retail electricity prices: The highest level is VND 4,724 VND per kwh
New retail electricity prices: The highest level is VND 4,724 VND per kwh
On May 04, 2023, the Ministry of Industry and Trade No. 1062/QD-BCT on electricity prices
Contractors must bear all costs related to the dossier from March 01, 2023
Contractors must bear all costs related to the dossier from March 01, 2023
On May 04, 2023, the Government issues Decree No. 20/2023/ND-CP on amending and supplementing a number of articles of Decree No. 114/2021/ND-CP on management and use of official development assistance (ODA) and concessional loans provided by foreign donors.
