Commentary

On 13/08/2019, the Prime Minister issued Decision 25/2019/QD-TTg amending the Decision No. 35/2015/QD-TTg dated 20/08/2015 on the promulgation of the list of essential goods and services, which must be registered according to model contracts and general transaction conditions. According to Decision 25/2019/QD-TTg, the service of “Life insurance” will be removed from the list of essential […]

On 05/08/2019, the Ministry of Finance issued Circular 47/2019/TT-BTC regulating the rates of collection, remittance, management and use of fees for providing business information and registration fees. enterprise. This Circular takes effect from 20/09/2019. Accordingly, the business registration fee rates are as follows: – The fee for granting, re-granting, changing the contents of the business […]

On 08/08/2019, the Ministry of Finance issued Circular No. 50/2019/TT-BTC regulating the auction of shares attached to receivable debts of state-owned enterprises with the function of buying, selling and handling debt effective 01/10/2019. Accordingly, Circular No. 50/2019 / TT-BTC has the following outstanding contents: – Subjects of application of this provision include: State enterprises with […]

On 21/05/2019, the Government issued Decree No. 45/2019/ND-CP regulating administrative sanctions in the field of tourism. Accordingly, this Decree takes effect from 01/08/2019. The Decree has issued many new regulations for violations of technical facilities, minimum tourist accommodation services. Specifically, Article 11 of this Decree provides: A fine of between 01 and 03 million VND […]

On June 5, 2019, the Government issued Decree 48/2019 / ND-CP to manage activities of recreational and recreational facilities under water. The Decree takes effect from August 15, 2019. Some notable contents in the decree: Definition of facilities for fun and entertainment under water. Accordingly, amusement and recreational facilities under the water are understood to […]

On 27/06/2019, the Prime Minister issued Decision No. 23/2019/QD – TTg on the List of goods subject to customs clearance at the entry gate. This decision takes effect from 01/09/2019. Decision No. 23/2019/QD-TTg, the number of items that have to go through customs procedures at import border gates has been reduced compared to the previous […]

In the near future, after nearly 10 years of using and meeting various inadequacies in Incoterms 2010, the International Chamber of Commerce (ICC) unit is drafting and amending a copy of the international delivery conditions Incoterms 2020. Incoterms 2020 will officially issued at the end of 2019 and is effective from January 1, 2020 (the […]

On 24/12/2018, the State Bank issued Circular No. 35/2018/TT-NHNN for the provision of Internet banking services issued by the State Bank of Vietnam. Accordingly, this Circular takes effect from 01/07/2019. According to Clause 6 Article 1 of Circular No. 35/2018/TT-NHNN dated December 24, 2018 of the State Bank of Vietnam: Amending and supplementing a number […]