To invest in the PPP form in 5 sectors from 2021
On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including: transport; transmission lines, power plants, except for hydroelectric plants and other cases of State monopoly as prescribed in the Law on Electricity; irrigation system, clean water supply […]
To reduce 50% of charges for verification of documents related to a Vietnamese working abroad
On June 12, 2020, the Ministry of Finance issues the Circular No. 54/2020/TT-BTC on prescribing the rates and the remittance of charges for verification of papers and documents at the request of domestic organizations and individuals, the rates and the remittance of fees for grant of licenses for sending workers abroad for a definite time. […]
To invest in the PPP form in 5 sectors from 2021
On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of a Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including transport; transmission lines, power plants, except for hydroelectric plants and other cases of State monopoly as prescribed in the Law on Electricity; irrigation system, clean water […]
Support for job change training expenses for victims of occupational accidents
On July 28, 2020, the Government issues the Decree No. 88/2020/ND-CP on detailing and guiding the implementation of a number of articles of the Law on Occupational Safety and Health regarding compulsory occupational accident and disease insurance. Accordingly, an employer may receive support for expenses of job change training for employees if the employee fully […]
Not to grant temporary residence certification to foreigners entering Vietnam through automated control gates
This content is prescribed by the Government in the Decree No. 75/2020/ND-CP dated July 01, 2020 on detailing a number of articles of the Law on amending and supplementing a number of articles of the Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam. In accordance with this Decree, immigration control […]
To repeal 03 forms in the requesting dossier for grant of the license for producing of chemical
On June 18, 2020, the Ministry of Industry and Trade issues the Circular No. 13/2020/TT-BCT on amending, supplementing and repealing some regulations on business conditions underthe management of the Ministry of Industry and Trade. Accordingly, the trader which exports minerals in a quarter shall make a report and submit it to the Industry Agency instead […]
Tax alert: Interest expense deduction limit raises to 30 percent from 20 percent to support businesses
The Vietnamese Government has recently issued Decree No. 68/2020/ND-CP (“Decree 68”) in order to amend and supplement Point 3, Article 8 of Decree No.20/2017/ND-CP with regards to the deductibility of interest expenses for the calculation of Corporate Income Tax. Some noteworthy points in the new Decree are as follows: First, the calculation of interest expense […]
Vital modifications under the new Law on Investment 2019
1.New foreign ownership threshold: The New Law on Investment drop-down on the foreign ownership threshold from previously being 51% to now being 50% to determine if an economic organization with foreign-owned capital must satisfy conditions prior to the investment. Please note that these conditions apply to economic organizations with foreign-owned capital establishing economic organizations, contributing […]
Decree 52/2020/ND-CP on investment in construction and business of golf courses
On 27 April 2020, the Government issued Decree 52/2020/ND-CP regulating on investment in construction and business of golf courses. Accordingly, the Decree specifies the principles and conditions for golf course construction and business along with the prohibited behaviors in this activity. Particularly, there are noticeable conditions and regulations for organizations and individuals who are intending […]
From june 15, the area of an 18 holes standard golf course must not exceed 90 hectares
On April 27, 2020, the Government issues Decree No. 52/2020/ND-CP on investment for construction and commercial operation of a golf course. To be specific, the area of a standard golf course (18 holes) must not exceed 90 hectares (on average, not more than 5 hectares per hole); the area of a golf course project being […]