Legal Update

PREFERENTIAL CORPORATE INCOME TAX RATES TO BE APPLICABLE TO SPECIAL INVESTMENT PROJECTS

PREFERENTIAL CORPORATE INCOME TAX RATES TO BE APPLICABLE TO SPECIAL INVESTMENT PROJECTS

On October 6, 2021, the Prime Minister issues the Decision No. 29/2021/QD-TTg regarding preferential treatment for special investment. In particular, the 7% preferential rate lasting for 33 years will be applied to...

CREDIT INFORMATION COMPANY MUST HAVE A MINIMUM CHARTER CAPITAL OF VND 30 BILLION

CREDIT INFORMATION COMPANY MUST HAVE A MINIMUM CHARTER CAPITAL OF VND 30 BILLION

The Decree No. 58/2021/ND-CP promulgating regulations on the provision of credit information services is issued on June 10, 2021, by the Government. Specifically, a credit information company shall be granted a certificate of eligibility...

 
AMENDING THE REGULATIONS ON PRIVATE OFFERING OF SHARES AND BONDS

AMENDING THE REGULATIONS ON PRIVATE OFFERING OF SHARES AND BONDS

As prescribed in the 2014 Law on Enterprises, a shareholder or a group of shareholders must own 10% or more of total common ordinary shares for at least 6 consecutive...

NEW CONDITION ON ENSURING ‘NATIONAL DEFENCE AND SECURITY’

NEW CONDITION ON ENSURING ‘NATIONAL DEFENCE AND SECURITY’

Reflecting on the recent concerns with foreign investment projects in the border and coastal areas of Vietnam and their impact on the national defence and security, the Amended LOI introduces two additional conditions...

 
GROUND FOR TERMINATION OF INVESTMENT PROJECTS CLEARER AND ADJUSTED

GROUND FOR TERMINATION OF INVESTMENT PROJECTS CLEARER AND ADJUSTED

The Law on Investment (LOI) 2020 clearly differentiates two groups of circumstances for termination of an investment project: those induced by the investors and those decided by the licensing authorities. For the latter, the...

NEW REGULATIONS ON ENTITIES ELIGIBLE FOR INVESTMENT INCENTIVES

NEW REGULATIONS ON ENTITIES ELIGIBLE FOR INVESTMENT INCENTIVES

Entities eligible for investment incentives prescribed in clause 2 of Article 15 in the 2020 Investment Law in force from January 1, 2021, will include: - Investment projects in business lines eligible...

 
USING E-INVOICES IS NOT A MUST FROM NOVEMBER 1, 2020

USING E-INVOICES IS NOT A MUST FROM NOVEMBER 1, 2020

This is the highlight of the Decree No. 123/2020/ND-CP on invoices and evidencing documents, in force on July 1, 2022. In particular, Clause 2 and 4 of Article 35 in the Decree No. 119/2018/ND-CP, setting...

TIME LIMIT FOR APPRAISING CONSTRUCTION WORKS OF SPECIAL GRADE IS 45 DAYS MAXIMUM

TIME LIMIT FOR APPRAISING CONSTRUCTION WORKS OF SPECIAL GRADE IS 45 DAYS MAXIMUM

On September 18, 2020, the Government promulgates Decree No. 113/2020/ND-CP on detailing Point dd, Clause 3, Article 3 of the Law Amending and Supplementing a Number of Articles of the...

 
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