Vietnam: Determine the origin of imported and exported goods from July 17, 2023

Vietnam: Determine the origin of imported and exported goods from July 17, 2023

On May 31, 2023, the Ministry of Finance issued Circular No. 33/2023/TT-BTC stipulating the determination of the origin of exported and imported goods. Circular 33 stipulates dossiers, pre-determination of origin; declaring and submitting documents certifying the origin of exported and imported goods; procedures and contents for inspection, determination, and verification of the origin of exported…

Vietnam: New guidance on private placement corporate bond trading

Vietnam: New guidance on private placement corporate bond trading

Circular No. 30/2023/TT-BTC guides the registration, depository, exercise of rights, transfer of ownership, payment for transactions, and organization of a trading market for corporate bonds offered for private sale in the domestic market issued by the Ministry of Finance on May 17, 2023. Accordingly, bond issuers must register with the Vietnam Securities Depository and Clearing…

Vietnam: New regulations on the certification of origin (C/O)

Vietnam: New regulations on the certification of origin (C/O)

From July 21, the fee for issuance of certificates of origin is 60,000 VND/set. On June 6, 2023, the Ministry of Finance issued Circular 36/2023/TT-BTC stipulating the rate, collection, payment, management, and use of fees for certification of origin (C/O). The fee for certification of origin is regulated as follows: The person paying the certificate…

Vietnam: Remove regulations on apartment ownership period to attract foreign investors

Vietnam: Remove regulations on apartment ownership period to attract foreign investors

The Ministry of Construction recently removed the regulations on the apartment ownership period in the draft housing law (amended) according to the opinion of the National Assembly Standing Committee. The Ministry of Construction, which was responsible for drafting the Housing Law (amended), highlighted the aforementioned opinion in the explanatory report it just issued to National…

What are foreign exchange and forex trading in Vietnam?

What are foreign exchange and forex trading in Vietnam?

Foreign exchange is a term used to refer to all payment methods used on the global market. More specifically, foreign exchange refers to an asset or property right that is convertible into a foreign currency and used by multiple countries as a payment method recognized and approved by the international community. Forex forms include: Foreign exchange market A…

ASL Law and Johnson Winter Slattery (Australia) offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery jointly organized a workshop on managing risk related to international trade among Vietnam, the United States, Australia, the EU, and other countries in Ho Chi Minh City. The workshop aimed to facilitate professional networking and provide a platform for discussing the risks inherent in conducting international trade in these…

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

(Published on Vietnam Investment Review) Online game developers in Vietnam are facing many legal problems related to their activities. The first legal problem is that the current regulations on licensing procedures for online games are often complicated and lengthy. In Vietnam, game developers need to have an operating license issued by the authorities. Depending on…

Effects of new policies on foreign-invested groups in Vietnam

Effects of new policies on foreign-invested groups in Vietnam

(Published on Vietnam Investment Review) Foreign-invested enterprises in Vietnam are making a comeback and on the way to recovery after the extremely difficult last few years. In order to support foreign-invested enterprises (FIEs) in Vietnam, the government has issued new policies that have recently taken effect to attract capital and help FIEs continue to recover…

Vietnam: Effects of early 2023 policies on FDI enterprises

Vietnam: Effects of early 2023 policies on FDI enterprises

The year 2022 marks the time when Vietnam’s economy recovers from the Covid-19 pandemic, and bright spots are preferential policies and support for businesses, including foreign direct invested (“FDI”) enterprises on taxes, fees, and other supporting policies. From that, FDI enterprises have made a comeback and are on the way to recovery after the extremely…

Impact of EVFTA in Vietnam after 2 years of implementation

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After 2 years of implementing the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has thrived in many fields, especially in attracting foreign direct investment (FDI) and promoting trade between Vietnam and the European Union bloc. EVFTA Free Trade Agreement The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member…

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