Other Briefings
Vietnam Issues Changes to Import Price Database
Jul. 4 – The Vietnamese General Department of Customs recently issued “Official Letter No. 3286/TCHQ-TXNK (hereinafter referred to as ‘Letter’)” on June 14, 2013, to announce changes to the country’s import price database on various goods. Specifically, the Letter adds 24 new categories to the list of items that are subject to import duties. The Letter […]
Intellectual Property Rights in Vietnam
Jul. 2 – Vietnam has a comparatively strong intellectual property (IP) framework which includes several multilateral agreements and other relevant bilateral trade agreements. This article will provide an introduction to the legislative framework for intellectual property rights (IPR) in Vietnam, including an overview of the procedures for registering IP. Legislation In order to catch up […]
Official Dispatch Issued Clarifying the Invoice Process
Official Dispatch No. 18036/BTC-TCT dated December 30th, 2011 issued by The Ministry of Finance guiding some contents in the process of implementing Decree 51/2010/NĐ-CP and Circular 153/2010/TT-BTC.
Circular Released Regulating Preferential Import/Export Tariff Under the Taxable Goods List
Circular 157/2011/TT-BTC dated November 14th, 2011 issued by The Ministry of Finance regulating preferential import, export tariff under the taxable goods list.
The export tariff under the taxable goods list is specified in Appendix I. Some export duty rates have been lowered, such as scrap and metal pieces, and processed white limestone.
Circular Issued on Preferential ASEAN Import Tariff
Circular No.161/2011/TT-BTC dated November 17, 2011 issued by The Ministry of Finance guiding preferential import tariff of Vietnam to implement the ASEAN Goods Trade Agreement in the period 2012-2014.
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 […]
