Basic Differences between Taxes, Fees, and Levies in Vietnam

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In the context where the tax system and related fees are becoming increasingly complex, understanding the fundamental concepts of taxes, fees, and levies is crucial for individuals and businesses to actively and effectively manage personal and corporate finances in Vietnam. In reality, many people still find it challenging to differentiate between these concepts. This article…

Regulations on restricting the use of foreign currency in the territory of Vietnam

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The using of foreign currency in the territory of Vietnam is currently limited in order to preserve the strength of Vietnam Dong – Vietnam’s currency. If other currencies such as USD, AUD, Euro, Swiss France,… are constantly traded in the open market, the value of VND will slowly deteriorate as people will not use that…

Expanding the scope of granting land use rights certificates to undocumented land in Vietnam

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Recently, the Vietnamese National Assembly has passed the 2024 Land Law with a focus on expanding the scope of granting land use certificates for undocumented land in Vietnam. With the extended evaluation period, many Vietnamese citizens will have more opportunities to own land use certificates, commonly known as “red books.” Before July 1, 2004, the…

Legal aspects regarding business establishments in Vietnam issuing promotions

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In Vietnam, promotions are considered an effective sales and marketing tool to attract consumers. However, unlike many other countries, promotions in Vietnam are currently being excessively used, leading to situations of product underpricing for competitive advantage or the use of misleading promotional tactics, causing harm to consumers and the reputation of other businesses in the…

Is Tet bonus an obligatory aspect in Vietnam?

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On the occasion of Lunar New Year, which is also known as Tet Holiday, the issue of Tet bonuses and the 13th-month salary is often discussed in society. Currently, there is no specific regulation or rule that obliges businesses to give Tet bonuses to employees. Whether or not to give Tet bonuses depends on the…

Difficulties in protecting copyright for works created with the support of artificial intelligence (AI) in Vietnam

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In the year-end summary, Vietnam Television (VTV) pointed out that 2023 was the “year of fake-authentic, authentic-fake” with the development of artificial intelligence (AI). Merriam-Webster, the most trusted dictionary in the United States, chose the word “Authentic” as the keyword for 2023. This phrase accurately reflected the global social situation in 2023 with significant technological…

Legal Perspective on Land Use Rights in Vietnam

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In the context of economic development and increasing urbanization, land management has become one of the major challenges for many countries, including Vietnam. Mastering the legal provisions related to land use rights is not only essential when participating in the real estate market but also a crucial condition for protecting one’s interests. This article provides…

Supplementing Regulations to Accurately Determine the Duration of Unemployment Benefits in the Gregorian Calendar Month in Vietnam

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In the increasingly complex landscape of the labor market and economic fluctuations, the supplementation of regulations to accurately determine the duration of unemployment benefits in the Gregorian calendar month in Vietnam has become an important and noteworthy issue. With the aim of optimizing the social security system, enhancing labor rights, and ensuring transparency and fairness…

It is anticipated to have four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam in 2024

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In 2024, it is anticipated that there will be four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam. On January 8, 2024, the Prime Minister of Vietnam issued Decision No. 19/QĐ-TTg regarding the issuance of a List and the assignment of responsible agencies to draft detailed regulations for the…

Regulations on Retained Periods for Unemployment Benefits in Vietnam

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On December 29, 2023, the Minister of the Ministry of Labor, Invalids and Social Affairs issued Circular 15/2023/TT-BLĐTBXH amending and supplementing certain provisions of Circular 28/2015/TT-BLĐTBXH guiding the implementation of Article 52 of the 2013 Labor Code and some provisions of Decree 28/2015/NĐ-CP detailing the implementation of certain provisions of the 2013 Labor Code regarding…

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