Regulations on tax payment for selling activity on TikTok in Vietnam

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Currently, selling products on e-commerce platforms and social media in Vietnam has become popular. Among them, TikTok, originally a social entertainment platform similar to Facebook and Instagram, has recently introduced the TikTok Shop feature, officially functioning as an e-commerce platform. Consequently, individuals that sell products on TikTok must fulfill their tax payment obligation according to…

Regulations in Vietnamese law regarding overtime wages for night work

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When a worker works overtime at night, according to the labour law in Vietnam, how much wage do they receive? If the overtime is on a weekend, does the wage change? Work at night Clause 2, Article 98 of the Labor Code 2019 stipulates that workers who work at night must receive an additional payment…

Vietnam extends the time limit for the first review of the application of anti-dumping measures on polyester long yarn products from India, Indonesia, Malaysia and China

Vietnam extends the time limit for the first review of the application of anti-dumping measures on polyester long yarn products, first review of the application of anti-dumping measures on polyester long yarn products, application of anti-dumping measures on polyester long yarn products, extension of the time limit for the first review of the application of anti-dumping measures on polyester long yarn products, Decision No. 1511/QD-BCT,

On June 22, 2023, the Ministry of Industry and Trade of Vietnam issued Decision No. 1511/QD-BCT on extending the time limit for the first review of the application of anti-dumping measures on long fiber products made from polyester from India, Indonesia, Malaysia and China. Vietnam started to conduct an investigation into dumping of polyester long…

Webinar: Personal Data Protection in Vietnam and Cross Border Transactions – What’s new?

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29 June 2023, 09:00 to 10:00 AM (Vietnam Time GMT + 7) Vietnam Personal Data Protection shall become effective from July 01, 2023. It is assumed that this shall significantly affect the way of collecting, transferring data oversea, storing, and handling personal data in Vietnam. In this webinar, our lawyers will provide an update on…

Vietnam conducts a second review of the application of anti-dumping measures on sweetener products (monosodium glutamate) from China and Indonesia

Vietnam conducts a second review of the application of anti-dumping measures on sweetener products from China and Indonesia, second review by Vietnam on sweetener products from China and Indonesia, second review by Vietnam on monosodium glutamate from China and Indonesia, monosodium glutamate from China and Indonesia,

On June 19, 2023, the Ministry of Industry and Trade of Vietnam issued Decision No. 1466/QD-BCT regarding the second review of the application of anti-dumping measures on sweetener products (monosodium glutamate) from China and Indonesia. On July 22, 2020, the Ministry of Industry and Trade of Vietnam issued Decision No. 1933/QD-BCT, officially applying anti-dumping duties…

Why not reduce VAT in Vietnam by more than 2% from July to the end of 2023?

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In recent months, the Vietnamese National Assembly, Government, and relevant ministries and agencies have held multiple discussions regarding the decision to issue a decree reducing VAT by 2%, bringing it down to 8% like Decree No. 15/2022/NĐ-CP issued by the Government earlier in 2022, reducing VAT until the end of 2022. The Vietnamese National Assembly…

The United States announces a midterm review of safeguard measures on solar energy products from Vietnam

United States announces a midterm review of safeguard measures on solar energy products from Vietnam, midterm review of safeguard measures on solar energy products from Vietnam, midterm review of safeguard measures on solar energy products by USA, midterm review of safeguard measures on solar energy products,

On June 8, 2023, the United States International Trade Commission (USITC) issued a notice of a midterm review of safeguard measures on solar energy panels products, including components, equipment, and photovoltaic cell components, whether partially or fully integrated into other products. In February 2018, the United States imposed safeguard duties on imported solar energy panels,…

ASL LAW sponsors Asia Pacific Mergers & Acquisitions Conference in Japan

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ASL LAW has officially become the sponsor partner for the Asia Pacific Mergers & Acquisitions Conference in Japan along with sponsoring law firms Nishimura & Asahi, Anderson Mori & Tomotsune, TMI Associates, etc. The Asia Pacific Mergers & Acquisitions Conference was held at Peninsula Tokyo, Tokyo, Japan on July 10-11, 2023 by the IBA’s M&A…

(Vietnam) Voluntary social insurance is less attractive compared to compulsory social insurance – Not only because of the higher contribution rate

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Voluntary social insurance, compared to compulsory social insurance, is somewhat less attractive in terms of attracting participants. The fundamental reason identified in society is that individuals participating in voluntary social insurance have to pay higher insurance contributions than those participating in compulsory social insurance. However, is it really that simple when delving deeper into the…

Regulations on risk provision in Vietnam

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The provision for risk reserves in the banking sector is a requirement based on International Financial Reporting Standards (IFRS) and specific regulations of financial regulatory authorities. When a bank provides loans and those loans become loans from group 2 onwards, the bank is required to set aside a corresponding portion as a provision for risk….

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