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 […]
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. […]
WHAT ARE THE FINES FOR ENTERPRISES WHEN PAYING LOWER WAGES THAN REGION-BASED MINIMUM WAGES FOR EMPLOYEES?
The employer shall pay wages to employees based on agreed wage levels, labor productivity, and work quality, but cannot be lower than the region-based minimum wage. Fines shall be imposed on any employer that pays employees less than the minimum wage prescribed by the Government under Clause 3, Article 17, Decree No. 12/2022/ND-CP as follows: A fine […]
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 […]