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Foreign investment: what you need to know

Created 14 June 2017
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When making an investment in Vietnam, foreign investors must study the feasibility of the project based on various factors. One of them is that the investor must make sure if the business sectors they plan to operate in are permitted by the laws of Vietnam or satisfy regulatory conditions and requirements.

Licensing fees for foreign financial institutions rise

Created 01 November 2016
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A new fee schedule will apply for the granting of licenses to foreign financial institutions in Vietnam from January 1, 2017. 

Licensing fees for foreign financial institutions rise

 

New regs issued on debt and asset trade

Created 21 October 2016
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The Ministry of Finance has issued a directive on the financial management of the Debt and Asset Trading Corporation (DATC), which will be enforced on November 1, 2016.

Circular on electronic certificate of origin issued

Created 20 October 2016
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The industry and trade ministry has enforced Circular No. 22/2016/TT-BCT, which pertains to the use of electronic certificate of origin (C/O) under the ASEAN Trade in Goods Agreement (ATIGA).

 

The Commerce Act: how to comply

Created 19 October 2016
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According to the Commerce Act 2005, although goods have been delivered to and are paid by the agents, goods’ owners are still the principals. The principals should, therefore, specify several contents to ensure their rights.

Understanding new Civil Code essential

Created 05 October 2016
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The 2015 Civil Code, which will take effect January 1st, 2017, discusses risks that enterprises should take into consideration when creating contracts for the sale of goods, machinery, equipment and raw materials.

 

Zero export tax doesn’t satisfy gold jewellery makers

Created 08 September 2016
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Gold jewellery and other gold articles with less than 95 per cent gold content enjoy zero export duty rates from September 1, under Decree No 122/2016/NĐ-CP.

Rules for insurance businesses in Việt Nam

Created 24 August 2016
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The Government has issued Decree No 73/2016/NĐ-CP on July 1, 2016 detailing the implementation of the Law on Insurance Business. The Decree regulates the establishment and operation of life insurance, non-life insurance, health insurance, reinsurance enterprises and foreign insurer branches.

 

Two foreign subjects exempted from personal income tax

Created 18 August 2016
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Foreign experts in non-governmental aid programs and projects and Vietnamese working at representative offices of the United Nations system in Vietnam enjoy personal income tax (PIT) exemption in Vietnam. 

Circular issued to stipulate number of apartments owned by foreigners

Created 09 August 2016
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The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding the implementation of the 2014 Housing Law.

 

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