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Legal Update

VACCINE PASSPORT

On December 20, 2021, the Ministry of Health issued Decision No. 5772/QD-BYT on promulgating the Form and the process of issuing the “Vaccine Passport.” Specifically, the vaccine passport form includes the following information: Full name, date of birth, nationality, disease, number of injections, date of injection, doses of injection, vaccine, product and manufacturer of the […]

LABEL OF GOODS WITH UNIDENTIFIED ORIGIN

On December 09, 2021, the Government issues Decree No. 111/2021/ND-CP amending and supplementing a number of articles of the Government’s Decree No. 43/2017/ND-CP dated April 14, 2017, on goods labeling. Accordingly, manufacturers, importers, or exporters shall themselves identify and show the origin of their goods and ensure truthfulness, accuracy, and compliance with the law on […]

CREDIT INFORMATION COMPANY MUST HAVE A MINIMUM CHARTER CAPITAL OF VND 30 BILLION

The Decree No. 58/2021/ND-CP promulgating regulations on the provision of credit information services is issued on June 10, 2021, by the Government. Specifically, a credit information company shall be granted a certificate of eligibility for providing credit information services if satisfying the following conditions: Having a minimum charter capital of VND 30 billion; Having a […]

AMENDING THE REGULATIONS ON PRIVATE OFFERING OF SHARES AND BONDS

As prescribed in the 2014 Law on Enterprises, a shareholder or a group of shareholders must own 10% or more of total common ordinary shares for at least 6 consecutive months, or own a smaller percentage thereof as stipulated in the company’s charter to hold the rights prescribed in Clause 2 of Article 114 in […]

04 TIPS ON INVESTMENT AND CONSTRUCTION MANAGEMENT OF PROJECTS WITH CONDOTEL AND/OR OFFICETEL APARTMENTS

The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD regarding the investment and construction management of projects with condotel (a hybrid of condominimum and hotel), officetel (a hybrid of office and hotel) apartments, resort villas or shophouses. According to this document, in order to continue to improve the effectiveness and efficiency of the […]

VIETNAM’S SPECIAL PREFERENTIAL IMPORT TARIFF DURING 2020 – 2022

On September 18, 2020, the Government issues the Decree No. 111/2020/ND-CP on the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam for the implementation of the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union in the 2020 – 2022 period. Accordingly, to be eligible for the special preferential […]

CHARGE COLLECTOR MAY RETAIN 50% OF THE COLLECTED CHARGE AMOUNT TO SERVE ITS OPERATION

On May 04, 2020, the Ministry of Finance promulgates the Circular No. 31/2020/TT-BTC on amending and supplementing a number of Articles of the Circular No. 263/2016/TT-BTC dated November 14, 2016 of the Minister of Finance on providing for rate, collection, remittance, management and use of industrial property fees and charges. Accordingly, the charge collector may […]

An e-order slip must have order-placing device identification information

On August 8, 2020, The Ministry of Finance issues the Circular No.73/2020/TT-BTC on amending, supplementing a number of articles of the CircularNo. 134/2017/TT-BTC dated December 19, 2017 of the Minister of Finance, onguiding e-transactions in the securities market. Accordingly, to add the following term: Trading time means the time wheninvestors log in to the online […]

A certificate of origin of a goods is valid for 01 year

On April 08, 2020, the Ministry of Industry and Trade issues the Circular No. 08/2020/TT-BCT on providing the rules of origin under the Vietnam – Cuba Trade Agreement. Accordingly, a Certificate of origin (C/O) shall be granted within 03 days from the date of exporting and shall be valid for 01 year from the date […]

To exempt from power activity license for rooftop solar power systems

On July 17, 2020, the Ministry of Industry and Trade issues the Circular No. 18/2020/TT-BCT on prescribing the development of solar power projects and model electricity purchase and sale contracts applicable to solar power projects. Accordingly, the output of part of the project or the whole project to be commercially operated before January 01, 2021 […]

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