Vietnam Legal Update

New regulations on tax administration

The guiding text of the 2019 Law on Tax Administration has recently been issued by the Government with a series of new provisions designed to create convenience for taxpayers and reduce tax-related compliance costs while increasing the effectiveness of tax administration activities. The Decree, coded 126/2020/ND-CP, came into force on December 5 and will apply […]

New Law on Public-Private Partnership in Vietnam

On June 18, 2020, the National Assembly of Vietnam passed the long awaited Law on Public-Private Partnership (PPP Law) which establishes an umbrella legal framework for all PPP projects and aims to attract more private investment to the development of Vietnam’s infrastructure. The PPP Law will take effect on January 1, 2021, and replace the […]

Gov’t issues Decree on foreign workers in Viet Nam

The Government has issued Decree No.152/2020/ND-CP regarding foreigners working in Viet Nam and recruitment and management of Vietnamese working for foreign organizations and individuals in Viet Nam. Under the Decree, foreigners working in Viet Nam are those who: (i) work under labor contract; (ii) or carry out contracts or agreement on economy, trade, finance, banking, […]

Vietnam Investment News

Infrastructure Investment Among Top Priorities Over Next Five Years

Investment in key infrastructure projects should be a priority in the next five years to give strong boost to socio-economic development, said Prime Minister Nguyen Xuan Phuc. The Government chief made the statement at a meeting held on Thursday to discuss orientations for allocation of public investment capital in 2021-2025 period. Total public investment for […]

Program supporting enterprises in optimising opportunities from EVFTA debuts

A cooperation programme to help businesses to optimise advantages from the EU-Viet Nam Free Trade Agreement (EVFTA) through the Viet Nam-EU e-commerce platform made debut on March 26. The program was signed among the Ministry of Industry and Trade (MoIT)’s Department of E-Commerce and Digital Economy, the Viet Nam Institute of Business Management Science and […]

FDI Inflows Reach Over US$10 Billion In Jan-Mar Period

As of March 20, foreign direct investment capital inflows to Viet Nam increased by 18.5% to US$10.13 billion, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. Of the above figure, newly registered capital reached US$7.2 billion, up 30.6% over the same period last year while adjusted capital grew by 97.4% […]

Vietnam Legal News

PM launches legal aid program for SMEs during 2021-25

By 2025, at least 30 percent of small- and medium-sized enterprises (SMEs) and 60 percent of their legal aid providers will be provided with legal retraining so that they will be able to mitigate their legal risks during business operation. This is the main point of Prime Minister Decision 81/QD-TTg dated January 19, approving a […]

Foreigners in Vietnam to get visa online

Visa for foreigners living in Vietnam will be issued online via the National Public Service Portal in 2021. It is among more than 50 public services to be provided in the portal this year as approved by Prime Minister Nguyen Xuan Phuc. Among those services, 11 are in the group of administrative procedures related to resident management, […]

UKVFTA Officially Becomes Effective Since May 1, 2021

Deputy Minister of Foreign Affairs To Anh Dung on March 26 chaired a ceremony to exchange official notes between Viet Nam and the UK confirming the effective date of the UK-Viet Nam Free Trade Agreement (UKVFTA). The UKVFTA was officially inked on December 29, 2020 in London, the UK and has temporarily taken effect since […]