CHANGE THE HEALTH INSURANCE PREMIUM FROM THE STATE BUDGET

This is one of the new points prescribed in the Decree No. 75/2023/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 146/2018/ND-CP dated October 17, 2018, detailing, and guiding measures to implement, a number of articles of the Law on Health Insurance. In particular, the Decree 75 prescribes a number […]

APPLICATIONS AND PROCEDURES FOR REDUCING LAND RENT OF 2023 IN VIETNAM

On October 3, 2023, the Prime Minister of Vietnam promulgated Decision No. 25/2023/QD-TTg on the reduction of land rent. (i) An application for reduction of land rent of 2023 includes: Written request for reduction of land rent of 2023 of the land lessee following the Form in the Appendix promulgated together with Decision No. 25/2023/QD-TTg. […]

MORE POLICIES PROPOSED TO UNLOCK INVESTMENT FLOW INTO TRANSPORT PROJECTS

The Ministry of Planning and Investment (MPI) has submitted to the Government a draft resolution on pilot implementation of policies in order to pave the way for investment in transport projects across the country. These policies, which are related to the ratio of the state capital in a PPP project, use of local budget funds […]

FROM SEPTEMBER 01, 2023: CEASE 03 CASES OF PROHIBITION ON LENDING

This is the contents prescribed in the Circular No. 10/2023/TT-NHNN dated August 23, 2023 of the State Bank of Vietnam.  In particulars, the State Bank of Vietnam ceases the implementation effect of Clauses 8, 9, 10, Article 8, Circular No. 39/2016/TT-NHNN (which is supplemented by Clause 2, Article 1, Circular No. 06/2023/TT-NHNN) on capital demand […]

FEES FOR CITIZEN ID CARD ISSUANCE AND OTHER 35 FEES FROM JULY 01, 2023

On June 29, 2023, the Ministry of Finance issued Circular No. 44/2023/TT-BTC on fees and charges to support the people and enterprises. From July 01, 2023, the Ministry of Finance reduces the fee for citizen ID card issuance equal to 50% of the fees. At the same time, 35 fees and charges shall be reduced […]

NEW DECREE ON REGISTRATION FEE RATES FOR DOMESTICALLY MANUFACTURED AUTOMOBILES FROM JULY 01, 2023

The Government hereby issues Decree No. 41/2023/ND-CP prescribing registration fee rates for automobiles, trailers, or semi-trailers pulled by automobiles and vehicles like domestically manufactured and assembled automobiles. Accordingly, from July 01, 2023, to the end of December 31, 2023: The registration fee rates are equal to 50% of those prescribed in the Government’s Decree No. […]

MAXIMUM INTEREST RATE APPLICABLE TO DEPOSITS IN VIETNAM DONG

Reduce the maximum interest rate applicable to deposits with a term of one month to less than six months to 5.0% per annum. On May 23, 2023, the State Bank of Vietnam issues the Decision No. 951/QD-NHNN on the maximum interest rate applicable to deposits in Vietnamese Dong of organizations and individuals at credit institutions […]

GUIDING CORPORATIONS TO CHANGE THE CONDITIONS OF ISSUED BONDS

On March 05, 2023, the Government issues Decree No. 08/2023/ND-CP on amending and supplementing and ceasing the effectiveness of a number of Articles of the Decree on private placement of corporate bonds In previous regulations, the Government prescribes that corporations are not allowed to change the conditions and provisions of bonds which are approved at […]

NEW RULE CLARIFIES INFORMATION PROVISION RESPONSIBILITY OF E-COMMERCE EXCHANGES’ OWNERS

Owners of e-commerce exchanges will have to fully, accurately and promptly provide tax agencies with information about traders that have conducted part or the whole process of buying and selling goods or services on their exchanges, according to a decree recently issued by the Government. Under Decree 91/2022/ND-CP on the amendments to some articles of […]