Other Briefings
Vietnam Issues New Labor Outsourcing Regulations
The Vietnamese government recently issued Decree 55 which seeks to further clarify Article 54.3 of Vietnam’s 2012 Labor Code regarding the conditions for licensing labor outsourcing activities.
Vietnam Issues New VAT Regulations
The Ministry of Finance has issued Circular 65 which will amend certain articles of Circular 06 relating to value-added tax (VAT). It will seek to provide greater insight and guidance to various areas related to VAT that were once unclear, including updating key VAT rates.
Vietnam Issues New Decrees to Guide Labor Code
The Vietnamese government recently issued five new decrees which are to help guide its Labor Code.
New Vietnamese Circular May Threaten Local Business
New circular stipulates that FIEs that are licensed to export products may now only buy materials from Vietnamese businesses that either have the proper business certificates or are legally allowed to import products and distribute goods.
Vietnam Delays Debt Classification Rules
May 29 – In order to give banks across Vietnam a greater period of time with which to handle their debts, a major issue in the Vietnamese economy at the moment, Vietnam’s central bank has announced that it will delay rules on the classification of bad debt and the requirements for provisions to deal with […]
New TV Regulations Cause Loss of Foreign Channels
May 21 – Due to the enforcement of new restrictions on television in Vietnam, at least one Vietnamese TV station has responded by dropping worldwide news channels CNN and BBC. Foreign governments have already warned that various interpretations of the new restrictions could result in foreign media leaving the country altogether. Joint venture K+ Satellite […]
Vietnam Issues Regulatory Update Affecting Foreign Retail Enterprises
On April 22, 2013, the Vietnamese Ministry of Industry and Trade (MOIT) issued Circular No. 08/2013/TT-BCT (hereinafter referred to as “Circular 08”) regarding the activities of selling goods and related activities by foreign invested enterprises (FIEs) in Vietnam.
Vietnam to Create National Asset Management Company
May. 2 -The Vietnamese government is set to approve a decree that will officially establish a national asset management company to help with the resolution of bad debts in the country. The company has already received the Politburo’s in-principle approval. The central bank has submitted its detailed plans for the company, which will be called […]
Vietnam to Establish SME Development Fund
Apr. 22 – In a move to enhance Vietnam’s competitive capacity and to create additional jobs, the Vietnamese government will create a fund to assist with the development of small and medium enterprises (SMEs) in the country. The fund will officially function as a State financial organization under the management of the Ministry of Planning […]
Trade Update: Vietnam Revises Import Duties
The Vietnamese Ministry of Finance has issued a new circular which amends its preferential import duties on various commodities. Currently scheduled to be implemented from May 19, 2013.
