Legal Update

Government lowers income tax for firms

Government lowers income tax for firms

Vietnam’s Ministry of Finance has cut the general enterprise income tax rate to 22 per cent from 25 per cent from 2014 on and to 20 per cent by 2016. Enterprise...

Foreign exchange control of FDI activities

Foreign exchange control of FDI activities

The State Bank of Vietnam (SBV)’s Circular 19/2014/TT-NHNN (11 August 2014) guides foreign exchange control of foreign direct investment (FDI) activities in Vietnam such as contribution of investment capital, opening...

 
Circular regulates deposit insurance

Circular regulates deposit insurance

Depositors of credit institutions that go bankrupt will be allowed to receive claim money from the Deposit Insurance of Vietnam within one month after the bankruptcy declaration. This is contained in...

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