AMEND THE RULES OF ORIGIN IN AKFTA AGREEMENT

On March 27, 2024, the Ministry of Industry and Trade No. 04/2024/TT-BCT on amending and supplementing several Articles of the Circular No. 20/2014/TT-BCT dated June 25, 2014, of the Minister of Industry and Trade on the implementation of rules of origin in the Agreement establishing Asean – Korea free trade area (AKFTA). Circular No. 04/2024/TT-BCT […]

EFFORTS MADE TO PROMOTE ESTABLISHMENT OF COTTAGE INDUSTRY ZONES

The Government has recently issued Decree 32/2024/ND-CP, on the management and development of cottage industry zones to attract small and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business in concentrated production areas. With a view to attracting small- and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business […]

AMENDING FOREIGN TRADE DEVELOPMENT MEASURES

On February 07, 2024, the Government issues Decree No. 14/2024/ND-CP on amending and supplementing several articles of the Decree No. 28/2018/ND-CP of March 1, 2018, detailing several articles of the Law on Foreign Trade Management regarding foreign trade development measures. Some important contents is prescribed in the Decree 14 as follows: The Decision takes effect […]

CABINET SETS OUT 17 NATIONAL ACTIONS TO COMBAT MONEY LAUNDERING

Deputy Prime Minister Le Minh Khai on February 23 signed Decision 194/QD-TTg, promulgating the national action plan to implement the Government’s commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction. The decision aims at realizing the National Action Plan to implement the Vietnamese Government’s commitment […]

GOVERNMENT AMENDS THE REGULATIONS ON THE PAYMENT OF FEES AND CHARGES

On November 28, 2023, the Government issued Decree No. 82/2023/ND-CP on amending and supplementing several articles of the Government’s Decree No. 120/2016/ND-CP dated August 23, 2016, detailing and guiding the implementation of several articles of the Law on charges. Accordingly, the charges and fees shall be paid to charge- and fee-collecting organizations or the State […]

MORE COUNTRIES ARE APPLICABLE WITH SPECIAL PREFERENTIAL IMPORT TARIFFS

On December 01, 2023, the Government issues Decree No. 84/2023/ND-CP on amending and supplementing several articles of the Government’s Decree No. 129/2022/ND-CP dated December 30, 2022, on Vietnam’s Special Preferential Import Tariffs to implement the Regional Comprehensive Economic Partnership for the 2022-2027 period. Duty rates are applicable to the Republic of the Union of Myanmar […]

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 […]