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 […]
Priority for Purchasing IT Products and Services Produced Domestically
On July 10, 2024, the Government issued Decree 82/2024/ND-CP amending and supplementing several articles of Decree 73/2019/ND-CP dated September 5, 2019, regarding the management of investment in information technology applications using state budget funds. The specific changes are as follows: Information technology application activities must prioritize investment, rental, and procurement of domestically produced IT products […]
Guidelines on Wholesale Activities in Telecommunications
On July 10, 2024, the Minister of Information and Communications issued Circular 08/2024/TT-BTTTT detailing wholesale activities in telecommunications. This circular provides detailed regulations on Clause 3 of Article 16 and Point d Clause 3 of Article 17 of the Telecommunications Law 2023 regarding wholesale activities in telecommunications (hereinafter referred to as wholesale activities). Guidance on […]
Selling Goods Above the Maximum State Price Range Fined Up to 40 Million VND
On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating administrative penalties in price management, including fines for selling goods above the maximum state price range. - Penalties for selling goods above the maximum price set by the State: The decree specifies fines for violations regarding pricing and selling goods and services not in accordance […]
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 […]