Additional regulations on principles of buying and selling corporate bonds.
On June 28, 2024, the State Bank of Vietnam issued Circular No. 11/2024/TT-NHNN amending and supplementing a number of articles of Circular no 16/2021/TT-NHNN dated November 10, 2021 of the President. The Governor of the State Bank of Vietnam regulates the purchase and sale of corporate bonds by credit institutions and foreign bank branches. […]
Recognition of organizations providing foreign electronic signature authentication services in Vietnam
On July 1, 2024, the Ministry of Information and Communications issued Circular No. 06/2024/TT-BTTTT stipulating the recognition of organizations providing foreign electronic signature authentication services in Vietnam; recognizing foreign electronic signatures and certificates of electronic signatures in Vietnam. The application dossier for recognizing organizations providing foreign electronic signature authentication services in Vietnam includes explanatory documents […]
Price range for container loading and unloading services at seaports
On July 1, 2024, the Minister of Transportation issued Decision No. 811/QD-BGTVT 2024 regulating the price range for container loading and unloading services at Vietnamese seaports. This Decision regulates prices and price frames excluding VAT for domestic, import, export, temporary import, re-export, transit, and transshipment container loading and unloading services. This Decision applies to: Containerized […]
Individuals Eligible to Practice Land Valuation Consulting with Three Conditions
On June 27, 2024, the Government issued Decree no. 71/2024/ND-CP on land valuation. The area to build the land price list for each land plot based on the value area, the standard land plot must ensure the following conditions: Having a Digitized Cadastral Map: The map must be revised and updated when there are […]
Regulations on Base Salary and Bonus System
On June 30, 2024, the Government issued Decree 73/2024/ND-CP, which regulates the base salary and bonus system for officials, public servants, civil servants, and armed forces personnel. Specifically, the base salary is 2,340,000 VND/month, as stipulated in Article 3 of Decree 73/2024/ND-CP. Article 4 of the Decree provides regulations on the bonus system for […]
Regional minimum wage increase from July 1, 2024
On June 30, 2024, the Government issued a Decree No. 74/2024/ND-CP regulating the minimum wage for employees working under labor contracts, in which: Applicable subjects include: Employees work under labor contracts according to the provisions of the Labor Code. Employers according to the provisions of the Labor Code, including: a) Enterprises according to the provisions […]
Increase pension, social insurance allowance and monthly allowance by 15%
On June 30, 2024, the Government issued Decree No. 75/2024/NĐ-CP adjusting pensions, social insurance allowances, and monthly allowances. Here are some notable provisions of this Decree: Starting from July 1, 2024, a 15% increase will be applied to pensions, social insurance allowances, and monthly allowances compared to those of June 2024: - From […]
The new basic salary levels in direct payment of healthcare costs covered by health insurance.
On July 1, 2024, the Ministry of Health issued Dispatch No. 3687/BYT-BH regarding the application of basic salary levels as stipulated in Decree No. 73/2024/NĐ-CP for the payment of healthcare costs covered by health insurance. Accordingly, the Ministry of Health provides guidance on the direct payment of healthcare costs covered by health insurance from […]
Implementation of Decree No. 72/2024/NĐ-CP regarding the implementation of matters related to the Customs sector.
On July 1, 2024, the General Department of Customs issued Dispatch No. 3160/TCHQ-TXNK to implement matters related to the Customs sector. Regarding the value-added tax (VAT) reduction policy: a) Reduction of the VAT rate by 2% for goods currently subject to a 10% VAT rate (reduced to 8%), excluding certain groups of goods such as […]