Tiếng Việt
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In the dynamic landscape of global investment, Vietnam has emerged as an increasingly attractive destination for foreign investors seeking opportunities in Southeast Asia. With its robust economic growth, favorable business environment, and strategic location, the country offers a multitude of prospects across various sectors. Understanding the process of opening investment capital accounts is crucial for…
25
Mar
Mar
The draft Law on Value-Added Tax (amended) and the draft Decree guiding the detailed implementation of the Law on Value-Added Tax (amended) are currently under review by the Ministry of Finance. This draft proposes applying a 10% VAT tax to most exported services (except for some specifically regulated services). If Vietnamese exported services are subject…
26
Mar
Mar
Since the start of 2024, Brazil has conducted several anti-dumping investigations against products originating from China. It is anticipated that with Chinese businesses facing challenges in trading with the largest economy in Latin America, this will be a good opportunity for Vietnamese enterprises to replace them and establish long-term and sustainable cooperation with Brazil. The…
21
Mar
Mar
On March 19, 2024, the Directorate General of Trade Remedies (DGTR) of India issued an anti-dumping questionnaire for textured tempered coated and uncoated glass products originating from or imported from Vietnam and China, in accordance with the Customs Tariff Act of 1975 to investigate the existence, extent, and impact of the alleged dumping. Some information…
27
Mar
Mar
The development of offshore wind power projects in Vietnam is currently awaiting legal clarity. According to the Ministry of Industry and Trade, several amendments and additions to various laws are necessary to enable the implementation of offshore wind power projects. These include revisions to the Investment Law, Bidding Law, Law on Marine Resources, Environment, and…
21
May
May
India has recently updated its patent rules to address concerns raised by those applying for patents in the country. These changes, known as the Patents (Amendment) Rules, 2023, were discussed with stakeholders in August 2023 and officially announced on March 15, 2024. Interestingly, this announcement coincided with the Indian Patent Office granting an impressive 100,000…
16
Mar
Mar
On March 15, 2024, the Trade Remedies Authority of Vietnam, Ministry of Industry and Trade issued Announcement No. 11/TB-PVTM regarding the acceptance of applications for exemption from the application of trade remedy measures in March 2024 from enterprises meeting the conditions for exemption, applying to specific cases as outlined in the attached appendix to the…
15
Mar
Mar
On March 14, 2024, the Trade Remedies Authority, Ministry of Industry and Trade of Vietnam issued a list of early warnings for Vietnamese products at risk of being investigated for the application of international trade defense measures. The items at risk include: 1. Some wood products exported to the United States Hardwood plywood HS codes…
17
Mar
Mar
Recently, the Vietnamese Ministry of Finance has officially expressed its opinion, proposing to reconsider the proposal to increase pensions and allowances by the Ministry of Labor, Invalids and Social Affairs, citing that the projected funding would exceed 17 trillion Vietnamese dong, surpassing the budget’s balancing capability. The Ministry of Finance has issued a letter in…
14
Mar
Mar
On March 8, 2024, the United States International Trade Commission (USITC) issued a notice initiating a global safeguard investigation to fine denier polyester staple fiber under HS code 5503.20.0025. The investigation was launched by the USITC on February 28, 2024, following a petition from U.S. producers of polyester staple fiber, including Fiber Industries LLC d/b/a…
