Notice of system update of the China Trade Promotion Council
On August 14, 2024, the General Department of Customs issued Official Dispatch No. 3835/TCHQ-GSQL on notice of system update of the Trade Promotion Council China. Accordingly, the General Department of Customs has the opinion: + The C/O reference number issued by the China Council for the Promotion of International Trade (CCPIT) is still issued according […]
Contractor tax on loan interest
On May 18, 2024, the General Department of Taxation issued Official Dispatch 3602/TCT-CS on contractor tax policy. According to Article 1 and Article 7 of Circular No. 103/2014/TT-BTC guiding the implementation of tax obligations applicable to foreign organizations and individuals doing business in Vietnam or earning income in Vietnam; and regulations in the current guiding […]
List of Periodic Reporting Regimes in the Field of Prices of the Ministry of Finance
On August 14, 2024, the Ministry of Finance issued Decision 1923/QD-BTC announcing the list of periodic reporting regimes in the field of prices under its management. The list includes four types of periodic reports submitted between state administrative agencies: General Market Price Report submitted to the Chair of the Prime Minister's Price Management Steering Committee […]
Periodic Reporting Regime for Industrial Clusters from October 1, 2024
On August 15, 2024, the Minister of Industry and Trade issued Circular 14/2024/TT-BCT, which regulates the periodic reporting regime for industrial clusters, the national industrial cluster database, and several forms for managing and developing industrial clusters. Accordingly, the periodic reporting regime for industrial clusters is specifically regulated as follows: Entities required to implement the periodic […]
Reduction of 50% in Vehicle Registration Fees for Domestically Manufactured and Assembled Cars for 3 Months
On August 29, 2024, the Government issued Decree No. 109/2024/ND-CP, which specifies the registration fee rates for cars, trailers, or semi-trailers towed by cars and similar vehicles manufactured and assembled domestically. According to Decree No. 109/2024/ND-CP, from September 1, 2024, to November 30, 2024, the registration fees will be reduced to 50% of the rates […]
Establishment of Specialized Fire Prevention and Fighting Teams Required for Certain Facilities
On July 10, 2024, the Ministry of Public Security issued Circular 32/2024/TT-BCA amending and supplementing certain provisions of Circular 149/2020/TT-BCA dated December 31, 2020, by the Minister of Public Security. This circular details some provisions and measures to implement the Law on Fire Prevention and Fighting, the amended Law on Fire Prevention and Fighting, and […]
New regulations on compensation when the State recovers land from August 1, 2024
On July 15, 2024, the Government issued Decree 88/2024/ND-CP regulating compensation, support, and resettlement when the State recovers land. Below are some notable contents of this Decree: Compensation in the form of land with a use purpose other than the type of land recovered or in the form of housing when the State recovers […]
Declaring goods at an incorrect selling price will result in a fine of up to 25 million VND
On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating penalties for administrative violations in price management. The following are some notable contents of this Decree. Selling goods higher than the maximum price bracket will result in a fine of up to 20 million VND Specifically, a fine from 10 million VND to 20 million […]
Reference Prices for Popular Fuel Products on the Market
On July 11, 2024, the Ministry of Industry and Trade issued Official Letter 4896/BCT-TTTN 2024 regarding the regulation of fuel business. The Ministry announced the reference prices for popular fuel products on the market as follows: Product Previous Reference Price (04/07/2024) (VND/litter, kg) Announced Reference Price (VND/litter, kg) The difference between the base price […]