Commentary

- 08 / 09 / 2019 -
The setting up and handling of reserve fund at enterprises
On August 8, 2019, the Ministry of Finance issued Circular 48/2019 / TT-BTC guiding the setting up and handling of reserve fund at enterprises. Circular 48/2019 / TT-BTC (hereinafter referred to as “Circular”) takes effect from 10 October 2019. This Circular expires 03 previous Circulars: Circular 228/2009 / TT-BTC, Circular 34/2011 / TT-BTC, Circular 89/2013 […]
- 08 / 09 / 2019 -
Investor’s right on medical import under EVFTA
On June 30, 2019, Vietnam and EU signed Vietnam – EU Free Trade Agreement. The Agreement will come into effect after competent authorities of two parties ratify the Agreement. In Chapter 2 on national treatment and market access for goods of EVFTA, Article 2.15 provides that “Viet Nam shall adopt and maintain appropriate legal instruments […]
- 08 / 09 / 2019 -
Maximum speed of cars and motorcycles when participating in traffic
On August 29, 2019, the Ministry of Transport issued Circular No. 31/2019 / TT-BGTVT providing regulations on speed and safe distance of motor vehicles and special-use vehicles participating in road traffic. This Circular takes effective from October 15, 2019. According to the above provisions, the maximum speed allowed for motor vehicles (except for those specified […]
- 08 / 09 / 2019 -
Reduce crude oil import tax to 0% from November 1, 2019
On September 16, 2019, the Prime Minister issued Decision No. 28/2019 / QD-TTg on amending and supplementing Article 2 of Decision No. 45/2017 / QD-TTg dated November 16, 2017, amending and supplementing the Prime Minister’s Decision No. 36/2016 / QD-TTg of September 1, 2016, defining the application of ordinary tax rates to imported goods. Specifically, […]
- 08 / 09 / 2019 -
Some new regulations on determining the origin of import and export goods
On September 5, 2019, the Ministry of Finance issued Circular 62/2019 / TT-BTC amending and supplementing a number of articles of Circular No. 38/2018 / TT-BTC providing for goods origin determination. import Export. Accordingly, Circular 62/2019 / TT-BTC has some noticeable new points related to the determination of the origin of exports and imports to […]
- 08 / 09 / 2019 -
Provisions on certificates of insurance auxiliary
On September 16, 2019, the Ministry of Finance issued Circular 65/2019 / TT-BTC regulating the content of training, exam and recognition of certificates of insurance auxiliary. This Circular takes effect from November 1, 2019. Circular 65/2019 / TT-BTC states that the types of certificates of insurance auxiliary specified in this Circular include: 1. Certificate of […]
- 08 / 09 / 2019 -
Time limit for submitting financial statements of audited units.
On September 16, 2019, the State Auditor General issued Decision No. 03/2019 / QD-KTNN on the responsibility to send financial statements, budget settlement reports to the State Audit Office of the units. be audited. Decision 03/2019 / QD-KTNN takes effect from October 31, 2019. Whereby: Budget estimating units of level I shall send the State […]
- 08 / 09 / 2019 -
Principles of handing over debts and exclusion of assets when converting state enterprise.
On August 21, 2019, the Ministry of Finance issued Circular 55/2019 / TT-BTC guiding the handing over of debts and excluded assets when transforming state enterprise. This Circular provides for the principle of handing over, receiving debts and eliminating assets as follows: – Debts and assets transferred and received must ensure sufficient documents (for debts) […]