Applying for a License to Operate a Social Media Platform in the Financial Sector?
Question: Our company is a foreign-invested enterprise established in Vietnam, and we are planning to operate a social media platform in the financial sector. Do we need to apply for any licenses for this activity? Answer: According to Clause 6, Article 24 of Decree 147/2024/ND-CP: “Agencies, organizations, and enterprises in Vietnam are only allowed to […]
Submitting Union Fees for Foreign Workers?
Question: Our company employs both Vietnamese and foreign workers. I would like to ask whether our company is required to pay trade union fees for foreign workers. Answer: Under the Charter of the Vietnam General Confederation of Labour and Section 3.2 of Guidance No. 03/HD-TLĐ dated February 20, 2020, issued by the Vietnam General Confederation […]
Do Companies with Capital Under 3 Billion Need to Hire a Chief Accountant?
Question: The client is a foreign-invested trading company with a total investment capital of less than 3 billion VND and 2 employees. The question is whether the company is required to hire a Chief Accountant. If required, what are the procedures, requirements, and conditions for hiring one? Answer: Obligation to Appoint a Chief Accountant Based […]
Financial issues when doing solar business in Vietnam
Are there any tax incentives or benefits available for solar energy businesses in Vietnam? Rooftop solar power for self-production and self-consumption benefits from tax incentives under current tax laws: - Corporate Income Tax (CIT): Eligible for a preferential CIT rate of 10% for 15 years, with a 4-year tax exemption and a 50% reduction in […]
Regulations and conditions for solar power installation
Should we use PPA or leasing contracts in Vietnam and what is the rationale? Power Purchase Agreement (PPA): A PPA is a contract between the seller (the investor) and the buyer (typically the Vietnam Electricity Group - EVN), under which the investor supplies electricity from a solar energy project to the buyer at an agreed […]
The most updated government policy for doing solar business in Vietnam
The most updated government policy for doing solar business in Vietnam On the date the Government promulgates Decree No. 80/2024/ND-CP on the mechanism for direct power purchase agreements between renewable energy generation units and large electricity consumers. Renewable energy generation units refer to power entities owning solar energy plants licensed to operate in the electricity […]
The electronic information portal of the supreme people’s court – a resource channel fulfilling the public's demand for accessing to judicial activities
The website congbobanan.toaan.gov.vn is copyrighted by the Supreme Court (hereinafter referred as the “Electronic Information Portal”). One of the tasks assigned to the Court under the Law on the Organization of the People's Courts 2024 is through their activities, contribute to educating citizens on strict observance of the law and respect the rules of social […]
Consultation on Social Insurance Contribution Based on Salary
Question: Dear Lawyer, our company is currently contributing to social insurance based on the actual salary received by employees. For example: - Salary: VND 10,000,000/person/month. - Allowance: VND 660,000/person/month. - The company assumes all responsibilities for social insurance contributions and tax obligations. At present, the company calculates social insurance contributions based on the VND 10,000,000 […]
Consultation on Displaying Business Signboards
Question: Dear Lawyer, our company currently holds the following two documents: - A Certificate of Business Registration for the office in Hanoi. - A Certificate of Business Location Registration for the warehouse in Bac Ninh. However, neither of these premises has a business name signboard displayed. The company would like to inquire about the following […]