House lessors need to note this price in order to not be taxed in Vietnam

House lessors, House lessors need to note this price in order to not be taxed, the changes in taxation with the new Circular, house lessor need to pay tax, Circular 40/2021/TT-BTC, the tax of house lessors

According to the new regulations, the rent of a house with a price of more than 8,333,334 VND/month is subject to tax and the owner must pay tax for the entire actual revenue. Recently, the Ministry of Finance has issued Circular 40/2021/TT-BTC guiding VAT and PIT for business households and individuals. After this circular was…

Vietnam: Amendment on the IP law to create a safer environment for businesses

Vietnam: Amendment on the IP law to create a safer environment for businesses

Currently, Vietnam is in the process to join the international market and affirms its position with the neighboring countries. Therefore, it is crucial for Vietnam to have a thriving business habitat which is the backbone of the whole economy. Accordingly, the proposals for tighter trademark protection and opening up opportunities for new types of trademarks…

Issues for termination of labor contract of employees in the field of aviation in Vietnam

Issues for termination of labor contract of employees in the field of aviation in Vietnam, termination of labor contract in Vietnam, termination of labor contract in aviation in Vietnam

Currently, due to the extremely complicated epidemic situation, airlines in Vietnam may face many difficulties in terms of financial situation which leads to the termination of labour contract in aviation field. Under this circumstance, high-qualified aviation persons, such as First Officers and Captains, have not received a salary on the contract but received the salary…

Risks in the payment method by letter of credit

Risks in the payment method by letter of credit, Risks in the payment method by LC, payment method by LC

Currently, letter of credit (L/C) is an increasingly popular payment method in international commercial transactions because of the safety and prestige through the bank’s commitment to pay the seller. If the seller provides the full set of documents specified under the L/C and the buyer is also guaranteed by the bank that the goods will…

Intellectual property rights for Covid-19 vaccines: Necessary or inessential?

Intellectual property rights for Covid-19 vaccines: Necessary or inessential?

“Can you patent the sun?” This is the famous expression made by Dr. Jonas Edward Salk – an American virologist more than 60 years ago. The saying is becoming more and more profound today, especially in the context of the raging Covid-19 epidemic and the fact that Covid-19 vaccines could not be mass-produced due to…

Subtle differences between EVFTA and UKVFTA

Subtle differences between EVFTA and UKVFTA

There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…

Lesson learned from losing trademark ST25 in foreign countries – Vietnamese Enterprises need to raise their awareness on the development as well as the protection of a brand internally

Lesson learned from the ST25 dispute – Enterprises need to raise their awareness on the development as well as the protection of a brand

The dispute surrounding the ST25 rice brand – a specialty of Soc Trang province, Vietnam has continued to raise awareness over the weaknesses in the competitiveness of the majority of Vietnamese enterprises nowadays. The dispute happened because the enterprise responsible for producing the rice doesn’t pay attention to the protection of their brand. They didn’t…

Investigation on anti-dumping of cement products from Vietnam by Philippines

Investigation on anti-dumping of cement products from Vietnam by Philippines

April 20, 2021, The Department of Trade and Industry (DTI) initiated an anti-dumping investigation against cement products originated from Vietnam. – The plaintiff: Cemex Philippines Corp., Holcim Philippines Inc., and Republic Cement Builders and Building Materials Inc. – Investigated products: Cement classified under the AHTN (Asean harmonized tariff nomenclature) codes 2523.2990 and 2523.9000. – Content: The period of…

Vietnam Labor Law in the industrial era 4.0

Vietnam Labor Law in the industrial era 4.0

Recently, A Vietnam Labor Law Conference 2021 just took place in Ho Chi Minh City. The conference has attracted the attention of many renowned individuals such as HR directors, internal lawyers, and lawyers of a law consulting firm specializing in Labor Law. Following the topic of the event “Labor law in the industrial era 4.0”,…

Vietnam Labor Code 2019: Is a probationary agreement without a contract against the law?

Vietnam Labor Code 2019: Is a probationary agreement without a contract against the law?

Before officially establishing an employment relationship through an employment contract, the employer and the employee will usually agree on a trial job. But the question is that is the probationary agreement required to be made into a written contract? Is probation required a signed contract? Clause 1, Article 24 of the Labor Code 2019 regarding…

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