New Decree On Personal Data Protection In Vietnam: 08 points businesses need to know

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Vietnam has officially issued the Decree No. 13/2023/ND-CP on personal data protection which shall become effective from July 01, 2023. It is assumed that the decree shall significantly affect the way of collecting, transferring data oversea, storing, and handling personal data in Vietnam. Legal regulations on the protection of personal data have been promulgated by…

Cement products exported from Vietnam to the Philippines are subject to temporary anti-dumping duties

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Recently, the Philippines has issued an order to impose temporary anti-dumping duties on cement products exported from Vietnam to this country after 2 years of investigation. In early 2021, the cement manufacturing industry in the Philippines filed a lawsuit against Vietnamese cement producers for dumping cement products in this country, causing serious damage to the…

Method of calculating trade remedy duty in Vietnam

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The field of anti-dumping and trade remedies is a new field that has been intensively researched and developed in Vietnam, both from the perspective of protecting Vietnamese manufacturing and exporting enterprises from international orders regarding trade remedy duty and from the perspective of protecting the interests of Vietnam’s domestic industry through duty calculation and imposition…

Vietnam promulgates Decree on Personal Data Protection effective from July 2023

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On April 17, 2023, the Government of Vietnam issued Decree No. 13/2023/NĐ-CP on Personal Data Protection effective from July 2023. The Decree details the rights of data subjects in personal data protection activities. Key points in the Personal Data Protection Decree include: Data subject rights The data subject has a total of 11 rights, including:…

Reduce VAT in Vietnam to 8% for the rest of 2023

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Recently, the Government of Vietnam has agreed the proposal to reduce VAT in Vietnam from 10% to 8% for the rest of 2023. It is expected that the Ministry of Finance will submit a formal proposal to the National Assembly to issue an official Resolution for VAT reduction implemented according to simplified procedures. On April…

Vietnam: Extension tax and land rent payments in 2023

Vietnam: Extension tax and land rent payments in 2023

The Government of Vietnam has extended the deadline for payment of value-added tax, corporate income tax, personal income tax, and land rent in 2023 for 4 subjects pursuant to Decree 12/2023/ND-CP dated April 14, 2023. Specifically, the 4 subjects eligible for tax payment deadline extension include: Enterprises, organizations, households, business households, and individuals engaged in…

Key policy points in the Draft Law on Special Consumption Tax of Vietnam in 2023

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In the first half of 2023, the Ministry of Finance of Vietnam has consulted the people and those affected by the special consumption tax in the Draft Law on Special Consumption Tax (amended). As part of the Tax System Reform Strategy 2021-2030, the Draft Law on Special Consumption Tax of Vietnam includes four major policy…

Indonesia initiated the second end-of-term review of the application of anti-dumping measures of BOPP film products originating from Thailand and Vietnam

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The Komite Anti Dumping Indonesia (KADI) has issued a notice to initiate the review of the application of the second end-of-term anti-dumping measure for BOPP film products originating from Thailand and Vietnam on March 29th, 2023. The 2nd end-of-term review investigation (sunset review) on the application of anti-dumping measures on BOPP products was carried out…

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