Commentary

- 06 / 07 / 2020 -
Changes to personal income tax exemptions
On June 2, 2020 the standing committee of the national assembly issued Resolution No.954/2020/UBTVQH14 changes to personal income tax exemptions. Accordingly, personal income tax exemption redulation in the Law on Personal Income Tax 2007 have been amended and supplemented as follows: Personal exemption: 11 million VND/month (132 million VND/year). Meanwhile, the deduction level for taxpayers […]
- 06 / 07 / 2020 -
Regulations on visas exemption for foreigners enterring Phu Quoc Economic Zone
On May 25, 2020 the Goverment issued Resolution No.80/ND-CP on visa exemption for foreigners entering Phu Quoc economic zone, Kien Giang province. Accordingly, the Government stipulates that Phu Quoc Economic Zone, Kien Giang Province is a coastal economic zone, which is applied the visa exemption policy for foreigners upon entry as prescribed in Clause 7, […]
- 06 / 07 / 2020 -
Assets that are not distrained for enforcement of commercial judgment
On April 8, 2020, the Government issued Decree No. 44/2020/ND-CP stipulating the Forced execution of judgments against commercial legal entities. This Decree takes effect as from June 1, 2020 providing for the principles, measures, order and procedures for application of coercive measures of judgment execution to commercial legal entities specified in Article 163 of Law […]
- 06 / 07 / 2020 -
Abolishing the requirements related to technology, equipment in the cast iron, steel industry
The Ministry of Industry and Trade’s Circular No. 10/2020 / TT-BCT of June 15, 2020, repealed Circular No. 03/2014 / TT-BCT of January 25, 2014 of the Minister of Industry and Trade , cast iron and steel production equipment. Circular No. 10/2020/TT-BCT dated 15/06/2020 of the Ministry of Industry and Trade has abolished the requirements […]
- 06 / 07 / 2020 -
Extending the first review period for the application of anti-dumping measures on some galvanized steel products originating from China and Korea
On November 12, 2018, the Ministry of Industry and Trade issued Decision No. 4244/ QD-BCT on maintaining the application of anti-dumping measures on some galvanized steel products originating from China and Korea. Pursuant to Clause 1, Article 58 of the Government’s Decree No. 10/2018/ND-CP of January 15, 2018, detailing a number of articles of the […]
- 04 / 06 / 2020 -
Promulgating the new list of goods likely to cause unsafety under the management responsibility of the Ministry of Information and Communications
On May 14, 2020, the Ministry of Information and Communications (“MIA”) issued Circular 11/2020/TT-BTTTT regulating the List of goods likely to cause unsafety under the management of Ministry of Information and Communications (“Circular 11/2020/TT-BTTTT”). The list is divided into 2 groups: 1. Groups of goods compulsory to be conducted with regulation conformity certification (RCC) and […]
- 04 / 06 / 2020 -
New regulations for temporarily imported or re-exported goods
On May 14, 2020, the Ministry of Industry and Trade issued Circular No. 09/2020/TT-BTC providing the roadmap for the application of border gates of import and export for the following goods: temporarily imported or re-exported goods; transported goods from border gate to border gate; temporarily imported or re-exported goods at bonded warehouses (“Circular No. 09/2020/TT-BTC”). […]
- 04 / 06 / 2020 -
Addition of some investment incentives industries for small and medium enterprises
To attract foreign investors into Vietnam to perform a business project, the state has issued a lot of different incentives policy. When executing investment projects in the sectors eligible for incentives or implemented in geographical areas eligible for investment incentives according to the provisions of law, foreign investors are entitled to certain forms of incentives. […]