Commentary

- 04 / 07 / 2024 -
SOME NOTABLE NEW POINTS OF THE LAW ON CREDIT INSTITUTIONS 2024
The Law on Credit Institutions (Credit Institutions) 2024 was approved by the National Assembly on January 18, 2024 and officially takes effect from July 1, 2024. The content of the Law has many positive new points, which are assessed to contribute to ensuring the healthy and stable development of financial activities of credit institutions.   […]
- 04 / 07 / 2024 -
STRONGLY REDUCING MANY FEES AND CHARGES TO SUPPORT BUSINESSES
According to Circular No. 43/2024/TT-BTC dated June 28, 2024 of the Ministry of Finance, from July 1st, 2024 to December 31, 2024, the collection of many fees and charges will be sharply reduced to continue to remove difficulties for businesses. In order to remove difficulties and support production and business activities for businesses, the Ministry […]
- 03 / 06 / 2024 -
DEVELOPMENT OF SUPPORT MODELS FOR WORKERS GOING ABROAD
To effectively implement Decision 90/QĐ-TTg on the National Target Program for Sustainable Poverty Reduction for the 2021-2025 period, the Ministry of Labor, Invalids, and Social Affairs issued Circular 03/2024/TT-BLĐTBXH on April 18, 2024, concerning support for workers going abroad. According to Circular No. 03/2024/TT-BLĐTBXH, the support targets workers intending to work abroad who reside in […]
- 03 / 06 / 2024 -
RESPONSIBILITIES OF ORGANIZATIONS AND INDIVIDUALS IN IMPLEMENTING TRACEABILITY AND PROVIDING TRACEABILITY SERVICES AND SOLUTIONS FOR PRODUCTS AND GOODS
Product and goods traceability is a solution that enables users to learn about the origin of the products they purchase, tracing the product from its presence on store shelves back to the original place of production, reviewing each stage of processing and distribution. The importance of product traceability is paramount in business operations, especially in […]
- 03 / 06 / 2024 -
WHEN ARE CARS EXEMPTED FROM INSPECTION FOR THE FIRST TIME?
According to Circular No. 11/2024/TT-BGTVT of the Ministry of Transport (MOT), vehicles falling under the provisions of Circular No. 16/2021/TT-BGTVT will be exempt from the first inspection. The price for preparing documents for exemption from inspection for the first time is 46,000 VND/vehicle. On April 26, 2024, the Minister of Transport issued Circular No. 11/2024/TT-BGTVT […]
- 03 / 06 / 2024 -
ANNULLING REGULATIONS ON THE APPLICATION OF VALUE-ADDED TAX RATES IN A NUMBER OF SEPARATE CASES FOR AQUATIC AND SEAFOOD PRODUCTS
From 08/06/2024, the method of calculating the value-added tax rate for cultivated, livestock, fishery and seafood products will be applied uniformly at the stages of import, processing and commercial business.   On April 23, the Minister of Finance issued Circular 25/2024/TT-BTC on the annulment of Circular 83/2014/TT-BTC guiding the implementation of Value Added Tax on […]
- 03 / 06 / 2024 -
NEW REGULATIONS ON THE PRINCIPLES OF DETERMINING ELECTRICITY GENERATION PRICES
The principles for determining the electricity generation prices of power plants must be established based on the reasonable and legitimate costs of the investor, ensuring the overall economic viability of the project to maintain its stability and long-term development.   New Circular No. 07/2024/TT-BCT by the Ministry of Industry and Trade on Methods for Determining […]
- 03 / 06 / 2024 -
CASES FOR DRIVER’S LICENSE REVOCATION EFFECTIVE JUNE 1, 2024
Circular No. 05/2024/TT-BGTVT amends and supplements regulations regarding certain cases of driver’s license revocation, notably including the revocation of a license if its owner allows another person to borrow it. On March 31, the Minister of Transport issued Circular No. 05/2024/TT-BGTVT, amending the circular related to the field of road transport, road transport support services, […]