Commentary

- 04 / 07 / 2024 -
CIRCUMSTANCES LEADING TO THE SUSPENSION OF ACCOUNTING SERVICE PRACTICES
Circular No. 23/2024/TT-BTC stipulates amendments and additions to certain provisions of the Circulars guiding the management and inspection of accounting service activities, detailing the cases in which accounting service practices may be suspended. After more than three decades of development, Vietnam’s accounting and auditing service market has made positive strides. However, there are still instances […]
- 04 / 07 / 2024 -
WHO ARE CONSIDERED VULNERABLE CONSUMERS?
The 2023 Law on Consumer Protection defines specific responsibilities for businesses in their dealings with vulnerable consumer groups. This law builds on and enhances the provisions of the 2010 law, focusing on protecting these consumers and outlining the obligations of businesses toward them and consumers in general. Vulnerable Consumer Groups The law identifies seven groups […]
- 04 / 07 / 2024 -
REMOVING RETAIL ELECTRICITY FROM THE PRICE – STABILIZED GOODS AND SERVICES LIST
According to the 2023 Price Law, retail electricity is no longer included in the list of price-stabilized goods and services but is now part of the list of goods and services priced by the state. The 2023 Price Law introduces several fundamental changes aimed at encouraging price competition and decentralizing price management according to the […]
- 04 / 07 / 2024 -
SOME CHANGES ON REGULATIONS ON PURCHASE, SALE AND SETTLEMENT OF BAD DEBTS OF ASSET MANAGEMENT COMPANIES OF CREDIT INSTITUTIONS
From July 1, 2024, bad debts allowed to be traded and the plan to buy and sell bad debts at market prices will be changed according to Circular 03/2024/TT-NHNN   On May 16, 2024, the Governor of the State Bank of Vietnam issued Circular 03/2024/TT-NHNN amending Circular 19/2013/TT-NHNN regulating the purchase, sale and settlement of […]
- 04 / 07 / 2024 -
New regulations on the implementation of investment projects using land and online selection of investors by bidding method from 26/07/2024
New regulations on the implementation of investment projects using land and online selection of investors by bidding method from 26/07/2024   On June 12, 2024, the Ministry of Planning and Investment issued Circular 10/2024/TT-BKHDT. Accordingly, the Circular has amended and abolished a number of provisions in Circular 09/2021/TT-BKHDT on the implementation of investment projects using […]
- 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 […]