In the new era, Vietnam has been one of the most outstanding rising stars in South East Asia. Besides the establishment of solid and harmonious diplomatic relations with other countries in the region, Vietnam has also participated in many free trade agreements (FTA) such as CPTPP, EVFTA, RCEP, etc. However, although these FTAs have many…
Recently, the General Department of Taxation has explained why there is no proposal to reduce personal income tax for employees. Vietnam’s economic situation in the first half of 2021 In the first 6 months of this year, the national PIT collected by the tax sector was estimated at VND 73,027 billion, equaling 67.7% of the…
Due to the heavy impacts from the Covid-19, the Vietnamese Government is doing its best to give out support for businesses suffering from this pandemic. Specifically, the Ministry of Finance is shortening the procedure for approving a tax and fee support package of about 20,000 billion VND. Furthermore, the banks also committed to reducing interest…
(Vietnam) Most of the workforce in every society is made of workers. The workers are manual laborers and they contribute to the founding of every stone and road in our society. Nonetheless, most of them still experience troubles with salary every month. So what is the right salary to be paid to the workers each…
(Vietnam) Projects in the form of public-private partnerships (PPP) are implemented in the form of investment on the basis of contracts between state agencies and financiers to implement, manage, and operate infrastructure projects and provide public services.
On July 21, 2021, the Draft Decree modifying and supplementing several provisions of Decree No. 181/2013 / ND-CP dated April 14, 2013, regarding the cross-border supply of online advertising services in Vietnam was approved by the Government of Vietnam. This Decree 70 will go into force on September 15.
When you decide to invest as a foreign investor in Vietnam, you must first research the feasibility of the sector you want to participate in. One of them is that you should make sure that the business sector in which you intend to invest and operate is permitted by Vietnamese law or is restricted by…
Early removal of obstacles for lending activities is the mutual goal of the participants in the Online Seminar “Practical implementation of Circular 39/2016/TT-NHNN regulating lending activities of credit institutions, foreign bank branches for customers” organized by the Vietnam Banks Association (VNBA) on 7/7/2021. Speaking at the opening of the seminar, Mr. Nguyen Quoc Hung, General…
Legal advices to dispute abroad, Legal advices to Hospitality, Hotel and Real Estate, Legal advices to Employee, Legal advices to Enterprises/Employers, COVID 19 (NCOV) IN VIETNAM, Employment & Labor, Business, News
The Vietnamese government issues 4 new policies to support businesses affected by Covid-19
The Vietnamese government has just issued Resolution 68/NQ-CP dated July 1, 2021, on policies to support employees and employers facing difficulties due to the Covid-19 crisis. Accordingly, in addition to supporting workers facing difficulties because of Covid-19, in this Resolution, the Government also promulgated several policies to support employers such as: Reduce the insurance premium…
The Vietnamese Ministry of Information and Communications has issued Circular No. 40/2020/TT-BTTTT dated November 30, 2020, stipulating criteria for determining domestically produced information technology (IT) products and services that are prioritized for investment, lease, and procurement. The Circular No. 40 aims to complete the legal framework on the policy of prioritizing investment, hiring, and procurement…
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