Vietnam: Integrate procedures for making project proposals outside of the State’s list of projects into the Bidding Law

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The Ministry of Planning and Investment proposes to amend administrative processes regulations on the list of investment projects using land proposed by the investor (for projects not subject to the approval of investment policies) in the proposed Bidding Law (amended). New administrative processes regulations This is an aspect of the implementation content contained in Decision No….

Challenges of small businesses in Vietnam

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Businesses must first understand the concept and requirements to ensure the type and size of their business before engaging in business activities. Small businesses in Vietnam A small business is a business that was established, organized, and operates in accordance with the law on enterprises, has a small operations scale, several workers, and sales volume, and meets the Government’s specified requirements…

Considerations Before Opening a Second Location in Vietnam

Considerations Before Opening a Second Location in Vietnam

One of the most effective strategies to promote growth is expansion. It also carries a considerable risk by nature. The choice to expand your business, regardless of industry, is not one to be taken lightly. Business owners often miscalculate the financial and other resources necessary to operate a second location.In fact, failing to take into account…

Taxable income evaluation in Vietnam

The accountant must determine the taxable income before they may evaluate the payable enterprise income tax. According to Article 2 of Circular No. 96/2015/TT-BTC, revenue from the production, sale, and provision of goods and services, as well as other revenues, is included in taxable income for a tax period. The following formula is used to…

The procedure for registering image copyright in Vietnam

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Creative images and content are frequently duplicated or unlawfully exploited for malicious purposes in the era of technological development 4.0. As a result, image copyright registration is important for protecting the author’s rights and benefits. So, what is the procedure for registering image copyright in Vietnam? What does “image copyright” mean? Why should image copyright…

Draft Real Estate Business Law in Vietnam: Removing Many Loopholes

The Vietnamese market will soon see the emergence of resort real estate

The draft Law on Real Estate trading in Vietnam is now undergoing consultation by the Ministry of Construction, despite the fact that it has been in effect for almost ten years and still displays several “bottlenecks” in the real estate industry. More types of real estate for commercial use in Vietnam According to Article 5 of the…

New guidelines for managing foreign exchange when issuing international bonds in Vietnam

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The State Bank of Vietnam (SBV) has issued Circular 10/2022/TT-NHNN guiding the management of foreign exchange for the issuance of bonds to the international market by enterprises that are not guaranteed by the Government. This Circular stipulates the procedures for registration and registration for changes in the issuance of bonds to the international market of…

How to handle the deposit of Vietnamese guest workers?

How to handle the deposit of Vietnamese guest workers?

A margin deposit is a kind of demand deposit or term deposit made by a company at a bank to guarantee that the company will fulfil a financial commitment to the bank and related parties. Do Vietnamese workers who want to work abroad have to make a deposit, if so, how is this deposit handled…

Vietnam promulgates a new decree regulating Cybersecurity Law

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On August 15, 2022, the Government of Vietnam issued Decree No. 53/2022/ND-CP, which specifies various provisions of the Vietnam Cybersecurity Law. For many years, Decree 53 has been drafted, amended, and awaiting to be implemented. Without this decree, Vietnamese authorities would not be able to enforce the entire Cybersecurity Law, particularly the provisions of this…

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