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What's New

7 Jul 2020 + Decree 20 dated 24 February 2017 regulating tax management of enterprises with related transactions [transfer pricing] as amended 24 June
+ Draft Law on Public Private Partnership (PPP) Investment Form submitted to the National Assembly in June [now awaiting final text of the Law as passed], June
6 Jul 2020 + Decree 75 providing detailed regulations on Law 51/2019/QH14 Amending Law 47/2014/QH13 on Entry, Exit, Transit and Residence of Foreigners in Vietnam, 1 July
19 Jun 2020 + Decision 18 on establishment of prohibited and restricted flight zones for unmanned aircraft and ultralight aircraft, 10 June
+ Decree 68 dated 25 May 2017 regulating management and development of industrial clusters, as amended 11 June
+ Decision 839 approving the investment policy for the project to construct the My Thuan-Can Tho Freeway Phase 1, 16 June
18 Jun 2020 + Decree 65 regulating management of and the regime on accommodation for people awaiting expulsion from Vietnam, 10 June
+ Circular 49 regulating the amount and payment of fees for registration of security transactions, 1 June
+ Decree 23 on management of riverbed sand and gravel, and protection of riverbed, riverbanks and floodplains, 24 February
12 Jun 2020 + Draft Decree implementing the Labour Code on resolution of labour disputes, June
9 Jun 2020 + Resolution 944 amending the Legislative Program for year 2020, 19 May
8 Jun 2020 + Resolution 954 setting the deduction for family circumstances [dependants] applicable to each taxpayer at 11 million VND/month and the deduction for each dependent at 4.4 million VND/month, 2 June
+ Resolution 84 on continued reduction of difficulties for production and business, on disbursement of public investment capital, and ensuring public order and safety in the context of COVID 19, 29 May
3 Jun 2020 + Decree 28 dated 12 March 2015 with detailed regulations for implementation of Law 38 on Employment regarding unemployment [job loss] insurance, as amended 29 May
1 Jun 2020 + Decree 58 regulating the compulsory social insurance premium rate [0.5% of the salary fund or 0.3% in special cases] payable to the Insurance Fund for Labour Accidents and Occupational Disease, 27 May
+ Latest Draft Law on Enterprises (Amended), 10 March
28 May 2020 + Resolution 75 dealing with difficulties in a number of investment projects of [State owned] enterprises for which the Committee for Management of State Capital at Enterprises (CMCS) acts as owner's representative, 21 May
+ Decision 649 approving the project investment policy for construction of the coastal road section Hoang Hoa – Sam Son and the section Quang Xuong – Tinh Gia in Thanh Hoa province in the PPP form, BOT contract, 18 May
+ Circular 11 of the Ministry of Information and Communications with the List of products capable of causing a loss of safety with Appendix 1 (Products requiring both certification and announcement of conformity with technical regulations) and Appendix 2 ((Products requiring only announcement of conformity), 14 May
22 May 2020 + Draft Decree on Labour Outsourcing (to replace the current Decree 29 dated 20 March 2019), May
21 May 2020 + Decree 54 amending Decree 127/2015/ND-CP regulating inspections in the industry and trade sector, 18 May
+ Circular 31 regulating the amount and payment of fees for industrial property, 4 May
+ Circular 30 regulating implementation of compulsory reserves of credit institutions and foreign bank branches, 27 December 2019
18 May 2020 + Decision 918 reducing the State Bank refinancing interest rate to 4.5%, discount interest rate to 3% and repo rate to 5.5%, 12 May
+ Decision 919 reducing the maximum interest rates chargeable by banks for raising VND deposits to 0.2% for on-call deposits and term deposits of under one month, and to 4.25% for term deposits of one month up to below 6 months, 12 May
+ Decision 920 reducing to 5% the maximum VND short-term lending interest rate chargeable by banks to borrowers for capital requirements in certain economic sectors and industries, 12 May
+ Draft Decree on issuance of enterprise bonds (noting changes as compared to the current Decree 163/2018/ND-CP), May
+ Circular 33 regulating the amount and payment of fees for licences to establish and operate banks and non-banking credit institutions, 5 May
+ Circular 34 regulating the amount and payment of fees in the construction sector, 5 May
+ Circular 35 regulating the amount and payment of fees for evaluation for a licence for international travel services, for domestic travel services, and for evaluation of tour guides, 5 May
13 May 2020 + Circular 37 providing a 50% reduction of most fees in the securities sector (with the full Tariff from the earlier Circular 272), 7 May
12 May 2020 + Latest Draft Law on Public Private Partnership [due to be passed later this month], noting changes as compared to the previous draft, April
11 May 2020 + Decree 53 on environmental protection charges payable on waste water, 5 May
8 May 2020 + Draft Circular regulating project development and standard form power purchase agreements [PPA] for solar power projects, April
+ Circular 22 stipulating prudential ratios and limits in activities of banks and foreign bank branches, 15 November 2019
6 May 2020 + Draft Decree regulating recruitment and management of Vietnamese working for foreign organizations in Vietnam, with the standard form 6-monthly and annual report to be provided by foreign employers, May
5 May 2020 + Resolution 58 with the Government's Action Plan for implementing Resolution 50 of the Politburo regarding foreign cooperation and investment until Year 2030, 27 April
29 Apr 2020 + Decree 52 regulating investment in construction and commercial operation of golf courses, 27 April
28 Apr 2020 + Decision 15 of the Prime Minister with policies assisting the citizens with difficulties due to the Covid 19 epidemic, 24 April
27 Apr 2020 + Decree 33 amending Decree 62 dated 18 July 2015 implementing the Law on Enforcement of Civil Judgments, 17 March
24 Apr 2020 + Draft Resolution of the Government with solutions for reducing difficulties for business and for promoting disbursement of public investment capital in the context of the Covi-19 epidemic, 20 April
21 Apr 2020 + Decree 48 amending Decree 36/2016/ND-CP implementing Law 90 on Hydro-Meteorology (with the list of engineering works required to conduct hydro-meteorological monitoring such as harbours, bridges, freeways, television and radio broadcasting towers, cable cars, reservoirs, airports etc.), 15 April
20 Apr 2020 + Decision 14 with Regulations on co ordination during resolution of international investment disputes, 8 April
14 Apr 2020 + Official Letter 2491 proposing extension of the current FIT (feed-in-tariff) price mechanism for wind power, 9 April
10 Apr 2020 + Decree 41 extending deadlines for payment of taxes and land rent, 8 April
9 Apr 2020 + Decree 25 providing detailed regulations for implementation of the Law on Tendering regarding selection of investor, 28 February
8 Apr 2020 + Decision 13 on the encouragement mechanism for development of solar power in Vietnam, 6 April
7 Apr 2020 + Decision 457 approving the investment policy for Vietravel Airlines to establish an airline, 3 April
6 Apr 2020 + Latest Draft Law on Public Private Partnership [PPP] Investment Form, 5 March
3 Apr 2020 + Decree 37 supplementing the List of Incentive Industries and Trades issued with Decree 118 dated 12 November 2015 implementing the Law on Investment, 30 March
1 Apr 2020 + Draft Decision with a pilot program on the Direct Power Purchase Agreement [DPPA] mechanism between renewable energy generation units [GENCOs] and industrial consumers, 21 January
31 Mar 2020 + Circular 03 dated 23 January 2019 regulating Certificate of Origin rules in the Comprehensive and Progressive Agreement for Trans Pacific Partnership, amended 24 March
27 Mar 2020 + Decree 35 with detailed regulations for implementation of a number of articles of the 2018 Law on Competition, 24 March
24 Mar 2020 + Circular 04 providing detailed regulations on Decree 86 dated 6 June 2018 on foreign cooperation and investment in the education sector, 18 March
23 Mar 2020 + Decision 345 on application of International Financial Reporting Standards (IFRS) and issuance of new Vietnamese Financial Reporting Standards (VFRS), 16 March
18 Mar 2020 + Decision 418 reducing the State Bank refinancing interest rate to 5%, discount interest rate to 3.5% and repo rate to 6%, 16 March
+ Decision 419 reducing the maximum interest rates chargeable by banks for raising VND deposits to 0.5% for on-call deposits and term deposits of under one month, and to 4.75% for term deposits of one month up to below 6 months, 16 March
+ Decision 420 reducing to 5.5% the maximum VND short-term lending interest rate chargeable by banks to borrowers for capital requirements in certain economic sectors and industries, 16 March
+ Decision 421 regulating interest rates applicable to deposits being compulsory reserves (1% for VND deposits and 0% for foreign currency), and deposits exceeding compulsory reserves (0% for VND deposits and 0.05% for foreign currency) of banks with the State Bank, 16 March
+ Decision 422 regulating the interest rate of 1% applicable to VND deposits of Vietnam Development Bank, Social Policy Banks, people's credit funds and micro-finance institutions with the State Bank, 16 March
+ Decision 423 regulating the interest rates applicable to deposits of the State Treasury (1% for VND deposits and 0.05% for foreign currency), and of Deposit Insurance of Vietnam (1%) with the State Bank, 16 March
17 Mar 2020 + Circular 01 regulating restructuring by credit institutions and foreign bank branches of debt repayment terms, exemption and reduction of interest and fees, and retention of debt groups aimed at assisting customers and alleviating the impact of Covid-19, 13 March
+ Decree 28 on penalties for administrative offences in the sectors of labour, social insurance, and Vietnamese labour export to foreign countries, 1 March
13 Mar 2020 + Decision 24 dated 24 March 2014 on the regime supporting development of biomass power projects in Vietnam, as amended 5 March
10 Mar 2020 + Resolution 01 of the People's Supreme Court guiding application of the law on disputes about family common property, 5 March
+ Decree 29 repealing the provision making the Foreign Press Centre one of the public professional units under the Ministry of Foreign Affairs, 3 March

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