Regulations on risk provisioning levels of credit institutions
On July 11, 2024, the Government issued Decree 86/2024/ND-CP regulating the level of deductions, methods of setting up risk provisions, and the use of provisions to handle risks in the operations of credit institutions, foreign bank branches and cases where credit institutions allocate interest receivables that must be divested. Here are some notable content: 1. […]
Implementation and Receipt of Price Declaration
On July 10, 2024, the Government issued Decree 85/2024/ND-CP detailing some provisions of the Price Law. 1. The establishment of pricing plans for goods and services priced by two levels is regulated as follows: - For goods and services funded by the state budget and ordered by central agencies or organizations: The production, business, and […]
VAT according to Decree 94/2023/ND-CP
On July 12, 2024, the General Department of Customs issued Official Dispatch 3410/TCHQ-TXNK on value added tax according to Decree 94/2023/ND-CP. Pursuant to Part A Appendix III of Decree No. 94/2023/ND-CP dated December 28, 2023, "Electrical equipment used for telephone line systems, telegraph systems and electronic information systems" is subject to VAT is not reduced. […]
Implementation of Policies for Extending Tax Payment Deadlines in 2024
On June 17, 2024, the Government issued Decree No. 64/2024/N D-CP and Decree No. 65/2024/ND-CP on extending the deadlines for tax and land rent payments in 2024. Here are some specific points to note: I. Implementation of Decree No. 64/2024/ND-CP: Provide instructions for taxpayers on how to submit a request for a tax payment extension. […]
Draft Decree on Administrative Sanctions in the Field of Land
The Ministry of Natural Resources and Environment is currently seeking public comments on the Draft Decree on Administrative Sanctions in the Field of Land. This Draft Decree has the following salient points: Scope of Regulation: This Decree regulates administrative violations, penalties, penalty levels, remedial measures, authority to draw up records and authority to handle administrative […]
Draft Law on Digital Technology Industry
The Ministry of Information and Communications (MIC) is drafting the Law on Digital Technology Industry with the aim of institutionalizing the policies and guidelines of the Party and State on the development of the ICT industry and digital technology industry; creating a favorable legal environment for the development of this industry. The Law on Digital […]
By 2030, the total area of the protected area system will reach 6.7 million hectares
On July 8, 2024, the Prime Minister issued Decision 611/QD-TTg approving the National Environmental Protection Planning for the period 2021 - 2030, with a vision to 2050. Below are some remarkable contents: By 2030, the total area of the protected area system nationwide is expected to reach about 6.7 million hectares. At the same […]
Establishment of the Appraisal Council for the Investment Proposal Report of the National Drug Prevention and Control Program to 2030.
On July 9, 2024, the Prime Minister issued Decision 612/QD-TTg on the establishment of the State Appraisal Council to appraise the Investment Policy Proposal Report of the National Target Program for Drug Prevention and Control. until 2030. Specifically as follows: Establish the State Appraisal Council to appraise the Report proposing investment policies for the […]
Establishment of the Steering Committee for Handling Obstacles in the System of Legal Documents
On July 8, 2024, the Prime Minister issued Decision 603/QĐ-TTg on the establishment of the Steering Committee for Reviewing and Handling Obstacles in the System of Legal Documents. The Steering Committee for Reviewing and Handling Obstacles in the System of Legal Documents is established as follows: - Head: Prime Minister Phạm Minh Chính; - Permanent […]