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In 2025, Vietnam’s General Statistics Office (GSO) will conduct a comprehensive nationwide enterprise investigation through an online survey. This extensive survey will cover all firms engaged in production and business activities across various industries within the Vietnamese economic system, with the exception of three specific sectors. Decision 1706: The Foundation of the 2025 Enterprise Investigation…
17
Aug
Aug
On July 23, 2024, the Vietnam General Department of Taxation took a significant step toward strengthening the management of tax obligations in the rapidly growing e-commerce sector. This move is marked by the issuance of Official Dispatch No. 3153/TCT-DNNCN, which outlines comprehensive measures aimed at ensuring effective tax administration for e-commerce activities, enhancing state budget…
18
Aug
Aug
On June 28, 2024, Vietnam’s Ministry of Finance (MOF) released Circular No. 43/2024/TT-BTC (Circular 43), extending the period during which a 50% reduction on certain industrial property fees will be applied. This initiative aims to assist business entities in overcoming global and national economic challenges and support their production activities. The 50 percent discount on…
15
Aug
Aug
Vietnam is on the brink of a significant judicial transformation with the establishment of its specialized courts, including a dedicated intellectual property (IP) court in Vietnam. This development follows the National Assembly’s approval of the amended Law on the Organization of People’s Courts on June 24, 2024. These amendments pave the way for establishing specialized…
15
Aug
Aug
Foreign organizations and individuals can now own up to 30 percent of the total apartments in a condominium, according to Decree 95/ND-CP, which took effect on August 1. This regulation marks a significant shift in Vietnam’s real estate market, offering more opportunities for foreign investment. Key Provisions of Decree 95/ND-CP Increased Ownership Cap for Condominiums…
16
Aug
Aug
The International Labor Organization (ILO) has identified significant challenges facing the labor market and social equity in the Asia-Pacific region. Despite the gradual recovery of global economic growth, it remains slow, and the Vietnam labor market reflects this sluggish pace. Long-term employment growth has maintained an average rate, with the unemployment rate remaining almost unchanged….
19
Aug
Aug
Foreign Direct Investment (FDI) continues to be a crucial driver of Vietnam’s economic growth. As of 2024, several countries have significantly increased their investments in Vietnam, contributing to the country’s vibrant economic landscape. In this article, ASL LAW will highlight the top 5 countries with the most substantial FDI investments in Vietnam this year. 1….
20
Aug
Aug
Vietnam’s business sector continues to show resilience and growth in 2024, despite some month-to-month fluctuations. This article provides an overview of the latest trends in business establishment, reactivation, and closure in Vietnam, with a focus on July 2024 and the first seven months of the year. In July 2024, Vietnam saw the establishment of 14,700…
21
Aug
Aug
As of June 20, 2024, Vietnam has witnessed significant growth in foreign investment, with total newly registered capital, adjustments, and capital contributions by foreign investors reaching over $18 billion. This marks an impressive increase of 10.9% compared to the same period in 2023. Foreign investors have shown strong interest in new projects, with 1,816 projects…
24
Aug
Aug
On June 29, the National Assembly of Vietnam passed the Law Amending and Supplementing a Number of Articles of the Land Law 31/2024/QH15, Housing Law 27/2023/QH15, Law 29/2023/QH15 on Real Estate Business, and Law 32/2024/QH15 on Credit Institutions (the Law). This comprehensive legislation aims to streamline and update existing regulations, with significant implications for various…
