New-generation Securities Law to be built
A totally new Securities Law will be built in 2018 and the legal framework for the development of the derivative securities market for the 2017-20 period will be further completed, heard a workshop on statutory improvement of the securities market towards modernity and integration in Hanoi on December 16.At the workshop, experts emphasized the necessity […]
Proposed changes to investment law mostly concern foreign investors
The Government Office, the Ministry of Planning and Investment (MPI) and the Vietnam Chamber of Commerce and Industry (VCCI) last month jointly held a seminar in Hanoi to discuss a draft law revising a dozen of laws on business and investment.According to the draft law unveiled at the seminar, 80 articles of the Investment Law, […]
New policies come into effect in December
A series of policies on the function, tasks, right and organisation of the government Office, autonomy mechanism of the public units, sanctioning of securities- and securities market-related administrative violations and the ordinance on market management will take effect since December 2016. Decree No. 141/2016/ND-CP was introduced on October 10, 2016, regulating on autonomy mechanism of […]
SBV sets initial goals for 2017 monetary policy operating
The State Bank of Vietnam (SBV) has released the operating results of monetary policy and the initial orientations for 2017. According to the agency, in the first 11 months of 2016, the total means of payments grew higher than the same period but did not put pressure on inflation. The core inflation remained stable while […]
Online tax refund soon in 13 cities, provinces
The online tax refund pilot project would be implemented in 13 municipal taxation departments this year and expanded next year. The project is aimed at reducing negative phenomena in the refund of value added tax (VAT). Nguyen Dai Tri, deputy head of the general Department of Taxation under the finance ministry, released the information at […]
NA to consider SME support
MoF to recommend CIT cuts to NA meeting starting on October 20 with MPI to propose wide-ranging support package. Tax incentives may be introduced for small and medium-sized enterprises (SMEs) under a government proposal to be submitted to the National Assembly (NA) at its second meeting, opening on October 20. The Ministry of Finance (MoF) […]
Proposed changes to investment law mostly concern foreign investors
The Government Office, the Ministry of Planning and Investment (MPI) and the Vietnam Chamber of Commerce and Industry (VCCI) last month jointly held a seminar in Hanoi to discuss a draft law revising a dozen of laws on business and investment.According to the draft law unveiled at the seminar, 80 articles of the Investment Law, […]
Control of transfer pricing to be decreed
The Ministry of Finance has recently released a first-ever draft decree on management of transfer prices of associated transactions in an attempt to prevent losses of state budget revenues. The draft defines associated transactions as transactions among associated parties in the production and trading process. These transactions include purchasing, selling, exchanging, renting, leasing, borrowing, lending […]
Representative offices in Vietnam
Establishing a representative office in Vietnam is considered a safe initial step before traders conduct a series of complex high-cost legal procedures to establish a wholly foreign-owned enterprise. Market research For any new foreign trader entering Vietnam’s market for the first time, their initial primary purpose might be promoting the brand, getting acquainted with and […]
New policies come into effect in August
A series of policies on sanctioning of administrative violations and coercive implementation of administrative decisions in the customs field, providing the mechanism of autonomy and self-management applicable to public science and technology organizations and guidelines for financial support for guest workers will come into effect since August 2016. Decree No. 45/2016/NĐ-CP on amending a number […]