Remarkable changes on capital contribution set forth in Law on Enterprises 2020

In brief: Law on Enterprises No. 59/2020/QH14 dated June 17th, 2020 (Hereinafter referred to as “Law on Enterprises 2020”) passed by the National Assembly takes effect from January 01st, 2021, supersedes the Law on Enterprises No. 68/2014/QH13 dated November 26th, 2014 (Hereinafter referred to as “Law on Enterprises 2014”). In comparison with the Law on […]

New decree on work permit for Foreign Employee

On 30th December 2020, the Government adopted the Decree No.152/2020/ND-CP regulating foreign workers working in Vietnam and recruiting and managing Vietnamese employees working for foreign organizations and foreign individuals in Vietnam (hereinafter referred to as “Decree 152“). Decree 152 will take effect from February 15, 2021. We would like to highlight some notable changes as follows: 1. From February 15, […]

New regulations on issuance of work permits for foreigners

Recently, the Government has issued Decree No. 152/2020/ND-CP regulating foreign workers working in Vietnam and recruiting and managing Vietnamese employees working for foreign organizations and foreign individuals in Vietnam. In particular, the provision on the duration of the work permit for foreign workers is a prominent content in this Decree. As follows:  In addition to […]

Decree No.123/2020/ND-CP: The Government issued a Decree guiding invoices and documents

The Government issued a Decree guiding invoices and documents On October 19th, 2020, the Government issued Decree No. 123/2020/ND-CP guiding invoices and documents. The Decree includes 61 articles on management and use. invoices when selling goods or providing services; the management of dossiers when carrying out tax, charge and fee collection procedures; defines the responsibilities, […]

Regulations on sanctioning administrative violations of tax and invoices

Regulations on sanctioning administrative violations of tax and invoices Recently, the Government has issued Decree No. 125/2020/ND-CP regulating the sanctioning of administrative violations on tax and invoices. The Decree taken effect from December 5, 2020. Decree No. 125/2020/ND-CP was born with many expectations to increase the effectiveness and efficiency of tax administration to prevent loss […]

The Vietnam Environmental Protection Law 2005

This Vietnam Environmental Protection Law 2005 provides for environmental protection; for policies,measures and resources for environmental protection;and for the rights and obligations of organizations,households and

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The Vietnam Land Law 2003

This Vietnam Land Law 2003 prescribes the powers and responsibilities of the State which represents the entire-people owner of land and uniformly manages land; the

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The Vietnam VAT Law 2008

This Vietnam VAT Law 2008 provides for objects subject and not subject to value-added tax, taxpayers, tax bases, tax calculation methods, and tax credit and

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The Vietnam Tendering Law 2005

This Vietnam Tendering Law 2005 regulates tendering activities in order to select contractors for provision of consultancy services, for procurement of goods, and for construction

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The Vietnam Accounting Law 2003

This Vietnam Accounting Law 2003 governs the principles, objects and definitions of accounting, conduct, organizational structure, profession and the State control of accounting. This Vietnam

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The Vietnam Investment Law 2005

This Vietnam Investment Law 2005 regulates investment activities for business purposes; the rights and obligations of investors; the guarantee of lawful rights and interests of

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