Important laws to take effect in January
The 2018 Law on Animal Husbandry, the 2018 Law on Cultivation, the 2019 revised law on management and use of weapons, explosives and support tools, and the 2019 Law on Public Investment will start taking effect in January 2020. With eight chapters and 83 articles, the 2018 Law on Animal Husbandry regulates the rights and […]
Many regulations on facilitation of duty-free goods business supplemented
VCN –The Decree replacing the Government’s Decree 167/2016/ND-CP on duty-free businesses has amendments and supplements to current regulations, which will facilitate duty-free business and ensure theirmanagement. Facilitate customers on entry and exit The draft Decree replacing Decree 167 supplements regulations on selling goods to customers waiting for exit, in transit but delivering goods to […]
State’s conditions for investment credit tobe amended
VCN – The Ministry of Finance is researching adjusting the policy on conditions for State investment credit. It is expected new regulations will be issued in the second quarter of 2020. It is easy for bank but difficult for implementing project On March 31, 2017, the Government issued Decree 32/2017/ND-CP on State investment credit on the […]
Many new contents on Customs management for cross- border trade
VCN- The Ministry of Finance has issued Circular 80/2019/TT-BTC guiding customs procedures, management of taxes, fees and charges for imported and exported goods in accordance with Government Decree 14/2018/ND-CP on cross-border trade. Circular 80 stipulates that procedures for import and export goods of traders cross border gates must comply with provisions of law on […]
New Decree guiding implementation of e-invoice
VCN- The Ministry of Finance will develop a new decree to submit to the Government to replace the current decree on e-invoices. Decree 119/2018/ND-CP on e-invoice was issued and will take effect from November 1, 2020. To provide detailed instructions on e-invoices, the Ministry of Finance issued Circular 68/2019/TT-BTC to instruct Decree 119. According […]
Two administrative procedures in Customs area
VCN- The General Department of Vietnam Customs has issued an Official dispatch to direct subordinate-units to publicize one new administrative procedure and one revised administrative procedure forthe business communityand customs declarants. Minister of Finance issued Decision 20161/QD-BTC announcing a new administrative procedure and revised administrative procedures and abolished procedures in the customs area under […]
Customs declarants must archive originals of documents for a specified period of time
VCN – At the request of Esquel Garment Manufacturing Vietnam – Hoa Binh Co., Ltd, according to the General Department of Customs, customs declarants must archive originals of the documents in customs records and related documents within the time prescribed by law, in the case of electronic documents, they may be archived in electronic form […]
Enterprise Law to make enterprises “take off”
VCN – Business activities of enterprises always have “changes” under the fluctuations of the economy, therefore, the business law must also have changes to be more suitable. The Enterprise Law (amended) being discussed by the National Assembly is expected to have more positive changes for businesses The “openness” of business The current Enterprise Law 2014 was […]
Search Regulations on working overtime in the revised Labour Code: Enterprises are easy to break the law
VCN – The draft of the Labour Code (amended) will be submitted to the National Assembly at the 8th session (opening on October 21, 2019). Through many comments on the draft, the business community continues to maintain its opinion on the need to revise the Labour Code to better suit the reality of businesses including employment […]
New regulations on origin determination are in force
VCN – On October 21, Circular 62/2019/TT-BTC of the Ministry of Finance, amending and supplementing a number of articles of Circular 38/2018/TT-BTC on determining the origin of imported and exported goods, came into force. Many new contents need to be noted to ensure the facilitation of goods clearance activities, while ensuring the control of the […]