According to the latest report from the Foreign Investment Agency (under the Ministry of Planning and Investment), as of June 20, 2024, Vietnam has seen a notable increase in foreign investment. The total newly registered capital, adjusted capital, and capital contribution through share purchases by foreign investors have reached nearly USD 15.2 billion, marking a…
Vietnam’s tax system plays a crucial role in maintaining state budget revenue, supporting socio-economic development, and ensuring social equity. Mastering the principles of tax declaration and calculation is essential for both businesses and individuals to comply with legal regulations, avoid legal risks, and optimize financial obligations. In this article, we will explore the basic principles…
Late tax payment is a significant issue in tax administration in Vietnam, directly affecting the state budget and potentially leading to serious legal consequences for taxpayers. To maintain the integrity and efficiency of the tax system, Vietnamese law clearly stipulates measures for handling late tax payments. This article will explore the current regulations regarding the…
Registering for tax for the first time is a critical step marking the beginning of fulfilling financial obligations to the state. This process requires accuracy and knowledge of legal regulations to avoid unnecessary mistakes. For new individuals and businesses, understanding key considerations when registering for tax for the first time will help them follow the…
In Vietnam’s tax law system, taxpayers not only play the role of fulfilling their financial obligations to the state but are also protected and enjoy certain rights. Understanding your rights and responsibilities is key to properly and fully complying with legal regulations, thus avoiding unnecessary risks and sanctions. This article will detail the rights taxpayers…
On the morning of June 25th, the National Assembly passed a Resolution approving the accession documents of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Originally signed in 2018, the CPTPP came into effect for Vietnam in early 2019. This agreement includes 11 member…
In early July 2024, the Directorate General of Imports, Ministry of Trade of Turkey (DGI) will hold an end-of-term review hearing on the anti-dumping investigation of conveyor belts from Vietnam, China, and India. The conveyor belt products exported from Vietnam to Turkey are classified under HS codes 4010.32, 4010.34, and 4010.39. The hearing is scheduled…
In the ever-evolving landscape of legal education and practice, the Soul of Law competition stands out as a premier event, merging academic with practical insights. Soul of Law 2024, themed “Mergers & Acquisitions” is significantly enhanced by the support and participation of ASL LAW, the Gold Sponsor. Soul of Law 2024: Mergers & Acquisitions The…
On June 25, 2024, ASL LAW, in collaboration with the Singapore law firm WongPartnership LLP (Big 4 Law Firm in Singapore), organized the seminar “Experience in dispute resolution by international arbitration in Singapore and enforcement of arbitral award in Vietnam.” Speakers attending the seminar “Experience in dispute resolution by international arbitration in Singapore and enforcement…
On April 19, 2024, the Hanoi People’s Court issued Vietnam’s first criminal sentence for online copyright infringement. Le Hai Nam, the operator of the illegal IPTV subscription service BestBuy IPTV, faced criminal charges following investigations. The Case and Key Details BestBuy IPTV has been regularly featured on the United States Trade Representative’s blacklist over the…