Administrative procedures have been amended and supplemented in the field of foreign labor management.
On May 17, 2024, the Ministry of Labor, Invalids and Social Affairs issued Decision No. 624/QD-BLDTBXH on the announcement of amended and supplemented administrative procedures in the field of foreign labor management within the scope of the Ministry’s management function. The announcement includes some notable contents such as: - Procedure for Preparing labor source of […]
Rectify and strengthen occupational safety and hygiene.
On May 21, 2024, the Prime Minister issued Official Telegram 51/CD-TTg on rectifying and strengthening labor safety and hygiene. Accordingly, to promptly rectify labor safety and hygiene, ensuring absolute safety for workers, the Prime Minister requests the following: - Minister of Labor, War Invalids and Social Affairs: + Strengthen state management according to assigned functions […]
Decree on Non-Cash Payments
On May 15, 2024, the Government issued Decree No. 52/2024/NĐ-CP, which regulates non-cash payments. The key provisions of the Decree are as follows: - Opening and Utilization of Payment Accounts: Establishing and authorizing the use of payment accounts, Sealing and closing payment accounts, The Decree also outlines the opening and utilization of payment accounts by […]
The Decree details several articles of the Law on Consumer Rights Protection
On May 16, 2024, the Government issued Decree No. 55/2024/ND-CP detailing a number of articles of the Law on Consumer Rights Protection. Some outstanding contents of the Decree are as follows: - Responsibilities of individuals conducting independent and regular commercial activities without having to register their business within markets and commercial centers; Responsibilities of organizations […]
Adjustment of Petroleum Prices
On May 16, 2024, the Ministry of Industry and Trade issued Circular No. 3250/BCT-TTTN regarding the management of petroleum business operations. The Ministry of Industry and Trade announces the base prices for commonly consumed petroleum products in the market as follows: E5RON92 Gasoline: Reduced by 508 Vietnamese dong per liter, now priced at 22,115 […]
Price framework for tax calculation for groups and types of resources with similar physical and chemical properties and guidance on resource tax.
On May 20, 2024, the Ministry of Finance issued Circular No. 41/2024/TT-BTC amending and supplementing some provisions of Circular No. 44/2017/TT-BTC regulating the price framework for resource tax calculation for groups and types of resources with similar physical and chemical properties and Circular 152/2015/TT-BTC guiding on resource tax. The Circular includes 3 articles: - Amendment […]
Value added tax policy
On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs a contract to lease land and infrastructure to an export processing enterprise, the export processing enterprise will enjoy the tax policy for the non-tariff zone from the time of its […]
Tax policy for REC certificates
On May 20, 2024, the General Department of Taxation issued Official Dispatch 2127/TCT-CS 2024 on tax policy. About VAT The General Department of Taxation has Official Dispatch No. 4665/TCT-CS responding to the VAT policy on the transfer of REC certificates, in cases where the enterprise transfers the REC certificate that is not on the List […]
Corporate Income Tax Incentives
On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies. Based on the amended Law No. 32/2013/QH13, which supplements certain provisions of the Corporate Income Tax Law No. 14/2008/QH12, and Decree No. 91/2014/NĐ-CP dated October 1, 2014, issued by the Government, which amends and supplements certain provisions related to […]