ePCT – an online service for filling patent easily.
Nowadays, companies seek a protection for their Intellectual Property items (such as trademarks, patents, industrial designs etc) not only in their countries but also in multiple countries. Therefore, international systems of Intellectual Property protection have been established, including conclusion of treaties and establishment of international bodies and organization. One of the most important treaties which […]
Establishment of foreign invested company in the field of advertisement services in Vietnam
(SB Law) According to the Center Product Classification System of United Nation, Advertisement Services are classified to CPC 871. With respect to services classified to CPC 871, under Vietnam WTO’s Commitments, it is provided that, foreign investor making investment in the field of advertisement services must joint venture with a Vietnamese Partner who has been granted right to operating […]
Vietnam, a new dragon of ASEAN
Vietnam deserves to be a “new dragon” of the Association of Southeast Asian Nations (ASEAN), said analysts at a seminar held in Paris , France on January 15 on Vietnam ’s investment potential. They agreed that Vietnam is an open country, which is on the right track to develop strongly and holds great potential of […]
MOF plans to reserve investment incentives for expanded projects
The expanded investment projects will also be able to enjoy the investment incentives like the ones given before to the initial projects, if the proposal of the Ministry of Finance (MOF) is ratified by the National Assembly. MOF, which is drafting the amended Corporate Income Tax law, has decided to preserve the investment incentives for […]
Ministry of Finance to submit to the National Assembly cut CIT to 20 percent from July 1, 2013
The government assigned the Ministry of Finance to submit to the National Assembly for consideration and decision of the new corporate income tax (CIT) of 20 percent for small and medium-sized enterprises (SMEs) from July 1st, 2013.The rate would be 10 percent for income from social housing business, applying from July 1st, 2013. The government […]
Singapore, Vietnam DTA Protocol Comes Into Force
The Inland Revenue Authority of Singapore has announced that the second protocol amending the existing double taxation agreement (DTA) between Singapore and Vietnam entered into force on January 11, 2013, and is generally effective from January 1, 2014. The protocol, which was signed on September 12 last year, revises various matters within the original DTA […]
Tax law revision gives lifeline to property investors.
The amended corporate income tax law, which will be submitted to the government this month and forwarded to the National Assembly in May, contains a provision that will help real estate investors offset their losses. The prevailing law bans enterprises from using their profits from production and business activities to cover the losses from real […]
Anti money laundering law is effective from 1st January 2013
The Law on Prevention of Money Laundering (No. 07/2012/QH13)/ has been passed on 2nd July 2012 by the Parliament with an intention to prevent and detect individuals and organizations indulging in acts of money laundering and ensure anti-money laundering. The law is applicable to the individuals, institutions and organizations dealing with financial transactions and business, […]
Circular 210/2012/TT-BTC of the Ministry of Finance dated 30 November 2012 guiding the establishment and operation of securities companies.
Circular 210/2012/TT-BTC guiding the establishment and operation of securities companies (“Circular 210”) has recently been adopted. Circular 210 will take effect from 15 January 2013. Circular 210 shall replace Decision 27/2007/QD-BTC of the MOF dated 24 April 2007 promulgating the regulation on organization and operation of securities companies and Decision 126/2008/QD-BTC of the MOF dated […]