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According to many current workers, the personal income tax (PIT) family deduction in Vietnam has become outdated, failing to keep up with inflation and rising living costs, thus placing financial pressure on taxpayers. Currently, the deduction stands at VND 11 million per month (VND 132 million per year) for individuals and VND 4.4 million per…
18
Mar
Mar
Vietnam Social Insurance has submitted a proposal to the Ministry of Labor, Invalids, and Social Affairs, requesting a clear definition of bonuses, meal allowances, fuel costs, and other benefits that are not subject to mandatory social insurance contributions. The objective of this proposal is to ensure transparency and facilitate the social insurance collection process. In…
04
Mar
Mar
As President Trump signed the tariff order on March 3, the USA has officially imposed 10-25% tariffs on imports from its top three trading partners, effective March 4, as per President Trump’s plan in the previous few weeks. From midnight on March 4 (USA time), all goods from Mexico and Canada entering the USA are…
04
Mar
Mar
On February 21, 2025, the Ministry of Industry and Trade of Vietnam issued Decision No. 460/QĐ-BCT imposing a temporary anti-dumping duty on hot-rolled steel originating from India and China (case code: AD20). The hot-rolled steel products subject to the temporary anti-dumping duty from China are classified under the following HS codes: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99,…
03
Mar
Mar
On February 10, 2025, the Vietnamese government issued Decree No. 20/2025/ND-CP, introducing significant amendments to Decree 132/2020/ND-CP. The new decree, effective from March 27, 2025, aims to enhance transparency in tax compliance related to transfer pricing and will apply from the financial year 2024 onwards. Key Changes in Related Party Transactions 1. Revised Criteria for…
03
Mar
Mar
This report presents the sectoral structure of investment in Vietnam, the top investing countries, and the geographical distribution of investments. Its objective is to provide potential investors, businesses, and economic experts with an overview of Vietnam’s investment environment and growth potential. 1. Overview of FDI in 2024 1.1. Total Registered and Disbursed FDI Capital 1.2. Vietnam’s Competitive…
04
Mar
Mar
The legal framework for virtual assets and digital assets is increasingly becoming a key focus in the legislative efforts of Vietnam’s ministries and government agencies. In a significant move, the Government recently issued Resolution No. 27/NQ-CP following the regular Government meeting in January 2025. Notably, this resolution mandates the Ministry of Finance to lead efforts…
04
Mar
Mar
As Vietnamese businesses look beyond national borders to expand their operations, Thailand, Indonesia, Laos, Cambodia, and China emerge as strategic destinations for investment. These markets offer significant growth opportunities but also present unique legal landscapes that investors must navigate carefully. Following the success at the GC Summit 2024 event where ASL LAW presented on the…
28
Feb
Feb
At the end of 2024, the U.S. Department of Commerce (DOC) issued a notice amending, supplementing, and repealing certain existing trade remedy regulations. These changes include codifying current procedures and methods in practice while developing or modifying existing legal regulations. The new provisions will officially take effect on January 15, 2025. Below is the translation…
08
Feb
Feb
In the context of an increasingly knowledge-driven economy, intellectual property rights, particularly patent protection, play a crucial role in fostering innovation and safeguarding the legitimate interests of businesses and individuals. Filing patent in Vietnam not only strengthens a company’s competitive position but also offers numerous practical benefits. Below are key reasons why patent protection registration…
