Notes need special attention on the Vietnam Government’s Decree No. 49/2021/ND-CP on the development and management of social housing

Notes need special attention on the Government's Decree No. 49/2021/ND-CP on the development and management of social housing, Land fund regulations, Decree No. 49/2021/ND-CP, the development and management of social housing in Vietnam, Land fund regulations in Vietnam

The City People’s Committee has just issued Official Letter No. 3615/UBND-SXD dated June 14, 2021, guiding the implementation of Decree No. 49/2021/ND-CP dated April 1, 2021, of the Vietnam Government amending and supplementing some Article of Decree No. 100/2015/ND-CP dated October 20, 2015, of the Government on the development and management of social housing. Accordingly,…

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers

Propagating and disseminating the contents of Decree No. 57/2021/ND-CP to taxpayers, Regulations on the project producing supporting industrial products, Decree No. 57/2021/ND-CP, propagate and disseminate information to taxpayers, Remove difficulties for the taxpayers

The General Department of Taxation requires Tax Departments to propagate and disseminate information to taxpayers in their localities to hastily implement Decree No. 57/2021/ND-CP of the Government to remove difficulties for taxpayers in the current period. Recently, the General Department of Taxation issued Official Dispatch No. 6/CD-TCT on the implementation of Decree No. 57/2021/ND-CP of…

Vietnam: Overcoming 2 trends that reduce the “life expectancy” of the law

Overcoming 2 trends that reduce the "life expectancy" of the law, overcome both trends leading to a reduction in the "life expectancy" of the law, increase the life expectancy of the law

On the morning of June 22, at the National Assembly House, Mr. Vuong Dinh Hue, Politburo member, National Assembly Chairman, worked with the Institute for Legislative Studies. Here, the National Assembly Chairman emphasized that it is essential to overcome both trends leading to a reduction in the “life expectancy” of the law. Also attending the…

Vietnam: New regulations on financial management mechanism for Stock Exchange

New regulations on financial management mechanism for Stock Exchange, The Vietnam Stock Exchange, Vietnam Securities Depository and Clearing Corporation, Revenue and expenses of the Vietnam Stock Exchange and the Vietnam Securities Depository and Clearing Corporation, Financial management regulations

The Vietnam Stock Exchange and the Vietnam Securities Depository and Clearing Corporation (VSDC) are only allowed to invest outside of enterprises in the field of securities and the stock market. The Government has just issued Decree No. 59/2021/ND-CP stipulating several specific contents on financial management mechanism and performance evaluation for the Vietnam Securities Depository and…

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…

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