Commentary

Decision No. 11/2023/QD-TTg issued by the Prime Minister on April 27, 2023, regulates the reporting threshold for significant transactions (“Decision 11“). Let’s delve into the details with Bizlawyer! In accordance with the provisions of Clause 3, Article 3 of the Anti-Money Laundering Law 2022, significant transactions are cash or foreign currency transactions carried out one […]

Production and circulation of counterfeit money constitute a type of crime that, while not new, is increasingly sophisticated and prevalent. Understanding the detrimental impact of counterfeit currency on socioeconomic development, the banking sector regularly collaborates with relevant authorities to promote campaigns against counterfeit money. On December 8, 2023, the government issued Decree No. 87/2023/ND-CP, outlining […]

Circular No. 12/2023/TT-NHNN of the State Bank of Vietnam amends, supplements, and replaces certain provisions of Circular No. 06/2013/TT-NHNN dated March 12, 2013, by the Governor of the State Bank, providing guidance on the trading of gold bullion in the domestic market (“Circular 12”). Now, let’s delve into the details together with Bizlawyer!   Circular […]

Recently, the Ministry of Construction has issued Circular No. 09/2023/TT-BXD to adjust national technical standards related to fire safety for both residential and construction projects, introducing several noteworthy provisions, replacing the content stipulated in the previous Circular No. 06/2022/TT-BXD (“Circular 09”). Below are some new regulations on fire prevention and fighting effective from December 1, […]

The Procurement Law of 2023, enacted by the National Assembly on June 23, 2023, will be effective from January 1, 2024 (“Procurement Law 2023“). The Procurement Law 2023 supplements and details certain prohibited behaviors in the procurement activities. Below, let’s delve into the details: Collusion includes the following behaviors: Colluding, agreeing, or coercing one or […]

Ngày 18/09/2023, Chính phủ ban hành Nghị định số 70/2023/NĐ-CP nhằm sửa đổi, bổ sung một số điều của Nghị định số 152/2020/NĐ-CP ngày 30/12/2020 của Chính phủ quy định về người lao động nước ngoài làm việc tại Việt Nam và tuyển dụng, quản lý người lao động Việt Nam làm việc cho tổ […]

Circular No. 61/2023/TT-BTC, issued by the Ministry of Finance on September 28, 2023, stipulates the latest schedule of fees for security transaction registration (“Circular 61”). Let’s delve into the details together with Bizlawyer! Security Transaction Registration Fees: Initial registration of security measures with real estate (excluding securities registered centrally at the Vietnam Securities Depository and […]

REDUCTION OF LAND LEASE FEES IN 2023 The policy of reducing land rents, in effect since 2020 until now, has shown positive impacts on sectors such as real estate, manufacturing, and mining. Amidst continued economic and social challenges post-pandemic, the Government has issued Decision No. 25/2023/QD-TTg on November 17, 2023, regarding the reduction of land […]