vietnam

How Vietnamese Laws Control The Related-Party Transactions In Enterprises?

Rrelated-party transactions happen frequently and can cause complications for enterprises. If the enterprise does not have a reasonable control mechanism, the representative can, through the transaction, acquire capital and thereby influence the company’s decisions.

A Guide to the Important Points for Cross-border E-Commerce Providers and Foreign Investors

On September 25, the Government issued decree 85/2021/ND-CP which amends and supplements the existing decree on e-commerce activities in Vietnam. This article discusses who is governed by Decree 85 and what is required of cross-border e-commerce providers.

Decision 29 on special investment incentives

On 6 October, the Government issued Decision 29/2021/QD-TTg on special investment incentives available for R&D and large investment projects specified in the Law on Investment. The Decision took effect on the signing date.

Vietnam: EY Customs Alert No. 03/2021 - Suspension of the post-clearance customs audits in 2021

On 11 October 2021, the General Department of Customs issued an Official letter requesting its Post-clearance Audit Department and provincial customs authorities to suspend, postpone the post-clearance customs audits which had been scheduled to be conducted in 2021, to be resumed after the pandemic.

Vietnam: Changing conditions for businesses to get a loan to pay salaries for work stoppage and restoring production

Update: 1. Changing conditions for businesses to get a loan to pay salaries for work stoppage and restoring production, 2. Guidance of the Ministry of Transport on travel in the context of safe, flexible adaptation and effective control of the COVID-19 epidemic.

Vietnam’s Outward Investment Problem

Again this week a Vietnamese e-commerce company is in the news for receiving multiple millions of dollars in funding from international Venture Capitalists. This article discusses Vietnam's outward/ offshore investment.

Vietnam Updates from ADK - Vol. 22: Ministry of Industry and Trade officially submitted the drafted Power Planning Project VIII to the Prime Minister

In this update: 1) The Ministry of Industry and Trade officially submitted the drafted Power Planning Project VIII to the Prime Minister, 2) Patent protection is supported 30 - 60 million VND per 01 application, 3) COD recognition of wind power projects in accordance with the signed power purchase agreement.

Vietnam Weekly Update - 13 October 2021

Cập Nhật Hàng Tuần Việt Nam - 13 Thang 10 2021

In this week’s legal update: 1) Special investment incentives, 2) VAT policy for fertilizers; and 3) The operating of the petroleum business.

NFT Gaming and Vietnam

A discussion on NFT gaming and Vietnam: Cryptocurrency use for purchasing NFT Gaming Characters, What jurisdiction does Vietnam have over the NFT game, and the ethical question of buying and selling characters.

New Circular guiding the Tax admin law 2019 and Decree 123/2020 on invoices

On 17 September 2021, the Ministry of Finance released new circular 78/2021 guiding certain provisions of the Law on Tax Administration 38/2019 and Decree 123/2020 on invoices and documents. Circular 78 will take effect from 1 July 2022 and taxpayers are encouraged to implement e invoices before this date.

Vietnam Updates from ADK - Vol. 21: Government will support 50% of the value of technology transfer consulting contracts for small and medium-sized enterprises

In this update: 1) Guidance for acceptance of fire prevention and fighting for wind power projects to apply COD, 2) The Government will support 50% of the value of technology transfer consulting contracts for small and medium-sized enterprises, 3) Contractors must observe the works under construction for abnormal signs

Vietnam Update: New Decision 27/2021/QD-TTg on the reduction of 30% of land rent in 2021

In this issue: Decision 27/2021/QD-TTg on the reduction of 30% of land rent in 2021, and the New Circular on financial management for implementation of the Intellectual Property Development Program to 2030.

Drones Regulatory Framework in Vietnam – Top 5 Key Q&As

This Vietnam Drones guide focuses on Vietnam and details the current regulatory framework mainly centered on Decree No. 36/2008/ND-CP dated 28 March 2008 which provides details on the management of unmanned aircraft and ultralight aircraft.

Vietnam Updates from ADK - Vol. 20: Decree No. 85/2021/ND-CP amending, supplementing a number of article of Decree No. 52/2013/ND-CP dated in May 16, 2013 on E-Commerce

In this update: 1) Ministry of Industry and Trade will consider the transition of wind power projects, 2) Amending, supplementing a number of article on e-commerce, 3) Circular 78/2021/TT-BTC on e-invoices and Ho Chi Minh City will apply new e-invoices from November 1, 2021.

Vietnam Weekly Update - 4 October 2021

Cập Nhật Hàng Tuần Việt Nam - 4 Thang 10 2021

In this week’s update: 1) Tax policy for importing goods for processing but no manufacturing or processing facilities, 2) Guidance on the tax policy applied to transfer of profit abroad; and 3) Amending and supplementing a number of articles of the Government's Decree No. 52/2013/ND-CP on e-commerce.

Economic Concentration in Vietnam

Vietnam Weekly Update - 27 September 2021

Cập Nhật Hàng Tuần Việt Nam - 27 Thang 9 2021

In this week’s update: 1) Increasing charter capital from profits after-tax, 2) Revenue and income from business cooperation contract ; and 3) Guidance on the use of goods invoices.

Vietnam Legal Update - Personal Data Protection

This Legal Update covers: Clearer definition of personal data, form of the consent required of personal data subject, notification requirement, processing sensitive personal data, cross-border personal data transfer, obligations of developing internal personal data protection regulations, and administrative penalty.

Vietnam Weekly Update - 13 September 2021

Cập Nhật Hàng Tuần Việt Nam - 13 Thang 9 2021

In this week's legal update: The announcement of annulled administrative procedures in the field of establishment and operation of social enterprises; Applying temporary anti-dumping tax on certain polyester fiber products; and VAT calculation price for property rental activities.

Vietnam Update: Guidance on corporate income tax arrears not yet retrospectively collected from societalized entities

In this issue: The new circular on the List of machinery, equipment and vehicle of transport that can be produced domestically, Guidance on corporate income tax arrears not yet retrospectively collected from societalized entities.