Draft Law on Juvenile Justice
On April 17, 2024, the National Assembly issued the Draft Law on Juvenile Justice, drafted by the Standing Committee of the National Assembly. The draft has some main points such as: - The draft stipulates on diversionary handling for juvenile offenders; penalties and procedures for juveniles; community reintegration and victim support; duties, powers, and responsibilities […]
Replace the term "Export-Import Bureau" in the field of import and export in certain circulars.
On April 22, 2024, the Ministry of Industry and Trade issued Circular No. 08/2024/TT-BCT amending Circulars in the field of import and export, replacing the term "Export-Import Department" with "Export-Import Bureau" in the following Circulars: - Circular No. 10/2009/TT-BCT dated May 18, 2009, of the Minister of Industry and Trade implementing the Rules of […]
Preferential Tax Policy for Industrial Zones in Vietnam
Vietnam's industrial zones (IZs) have emerged as a focal point for foreign direct investment (FDI) in Southeast Asia. This attractiveness can be attributed, in part, to the government's strategic implementation of a preferential tax regime within these designated areas. This regime offers significant financial incentives for businesses seeking to establish operations in Vietnam, fostering a […]
Visa Entry Vietnam: Types and Time limit
Foreign nationals seeking entry into Vietnam must obtain a visa in advance, with the type and validity period determining their permissible activities and duration of stay. This article aims to provide a comprehensive guide on the types of visas available for entry into Vietnam and their respective time limits. Types of Vietnamese Visas There are […]
How to apply for Vietnam work visa to work in Vietnam
Foreigners seeking employment in Vietnam require a work visa (LD visa) alongside a work permit. This article delves into procedures for obtaining a Vietnam work visa specifically for employment purposes. Key Stages of the Application Process: The application process for a Vietnam work visa involves two primary stages: Stage 1: Employer-Initiated Work Permit Application Demand […]
Land Law 2024: A Significant Step in Land Management and Utilization and the Hope of Resolving Agricultural Land Hoarding and Abandonment
The Land Law 2024 marks a pivotal moment in comprehensively amending regulations governing land usage. The Land Law 2024 introduces several crucial amendments aimed at facilitating favorable conditions and providing clarity on legal provisions for businesses and investors These changes include restructuring the land valuation mechanism, expanding mortgage opportunities, and simplifying land clearance procedures, […]
Is a share transfer contract legal without the approval of the General Meeting of Shareholders
On July 26, 2023, the People's Court of Ho Chi Minh City announced Judgment No. 1255/2023/KDTM-ST on the dispute over the share transfer contract. The content of the dispute is as follows: On January 22, 2018, Ms. Th signed a contract to receive common shares with Mr. T, who was a founding shareholder and also […]
Value Added Tax (VAT) Reduction for Embroidery Machines
On April 16, 2024, the General Department of Customs issued Circular No. 1603/TCHQ-TXNK providing guidance on VAT reduction for embroidery machines as per Decree No. 94/2023/NĐ-CP dated December 28, 2023. In accordance with Article 1(1) of Decree No. 94/2023/NĐ-CP, the VAT reduction policy applies to commodity groups subject to a tax rate of 10% (reduced […]
Determining Value Added Tax (VAT) refund for the case of a parent company engaged in export activities to its foreign subsidiary
On April 16, 2024, the General Department of Taxation issued Circular No. 1577/TCT-KK regarding VAT refund policies for cases where the parent company engages in export activities to its foreign subsidiary. - Pursuant to legal regulations, in the case where the parent company exports machinery and equipment to its subsidiary established in Cambodia to implement […]