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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…
22
Jun
Jun
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…
20
Jun
Jun
On June 8, 2023, the United States International Trade Commission (USITC) issued a notice of a midterm review of safeguard measures on solar energy panels products, including components, equipment, and photovoltaic cell components, whether partially or fully integrated into other products. In February 2018, the United States imposed safeguard duties on imported solar energy panels,…
21
Jun
Jun
ASL LAW has officially become the sponsor partner for the Asia Pacific Mergers & Acquisitions Conference in Japan along with sponsoring law firms Nishimura & Asahi, Anderson Mori & Tomotsune, TMI Associates, etc. The Asia Pacific Mergers & Acquisitions Conference was held at Peninsula Tokyo, Tokyo, Japan on July 10-11, 2023 by the IBA’s M&A…
23
Jun
Jun
Voluntary social insurance, compared to compulsory social insurance, is somewhat less attractive in terms of attracting participants. The fundamental reason identified in society is that individuals participating in voluntary social insurance have to pay higher insurance contributions than those participating in compulsory social insurance. However, is it really that simple when delving deeper into the…
24
Jun
Jun
The provision for risk reserves in the banking sector is a requirement based on International Financial Reporting Standards (IFRS) and specific regulations of financial regulatory authorities. When a bank provides loans and those loans become loans from group 2 onwards, the bank is required to set aside a corresponding portion as a provision for risk….
25
Jun
Jun
The latest revised draft of the Law on Social Insurance has a proposal to reduce the conditions for senior citizens in Vietnam to enjoy social pension benefits from 80 years old to 75 years old. Accordingly, if applied, what changes will this regulation create for Vietnam’s social insurance system and social security policy? Currently, senior…
26
Jun
Jun
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…
27
Jun
Jun
In most manufacturing companies in Vietnam today with thousands or even tens of thousands of employees, they often make the most of employees’ leave days for corporate activities or unexpected incidents like the Covid-19 pandemic, mass power cuts, etc. So, what exactly is this behavior and does it violate the law? For example, a new…
28
Jun
Jun
When Vietnamese employees work under labor contracts for full 1 month or more, they will be subject to compulsory social insurance participation according to the provisions of Clauses 1 and 2, Article 2 of the Law on Social Insurance 2014. However, despite paying monthly, most Vietnamese workers are still not completely sure how that contribution…
