Legal updates

May 16 2017

Circular No. 02/2017/TT-BKHDT guiding the mechanism of coordination in dealing with the procedures for investment registration and enterprise registration (“One-Stop Mechanism") for foreign investors was issued on 18 April 2017 and will come into effect on 15 June 2017 (“Circular 02”).

May 08 2017

On April 14th 2017, the Government issued Decree No. 44/2017/ND-CP ("Decree 44") on the rate of contribution to the Occupational Accident and Disease Insurance fund, effective June 1st 2017.

Under Decree 44, the level of monthly contribution by the employer to the Occupational Accident and Disease Insurance Fund, as provided for in Clause 3, Article 44 of the Law on Occupational Safety and Hygiene is reduced.

May 08 2017

On April 7th 2017, the Supreme People's Court issued Document No. 01/2017/GD-TANDTC, dealing with professional issues and problems in the application of the law. In particular, the court addresses legal consequences of Invalid Contracts, Credit Contracts, and the application of Customary Practices in dispute settlement, which are the highlights that Enterprises should pay attention to.

May 04 2017

On April 11th 2017, the Prime Minister promulgated Decision No. 11/2017/QD-TTg on mechanism for encouraging the development of solar power projects in Vietnam (“Decision 11”). Decision 11 will be valid from June 1st 2017 to June 30th  2019.

Apr 19 2017

On 4 May 2017 the Government promulgated Decree No. 42/2017/ND-CP (“Decree 42”) amending and supplementing some provisions of Decree No. 59/2015/ND-CP (“Decree 59”) on construction project management. 

Apr 19 2017

On 3 April 2017, the Government promulgated Decree No. 35/2017/ND-CP on collection of fees for using land, renting land, renting water surface in economic zones and hi-tech zones (“Decree 35”). 

Apr 19 2017

On 4 April 2017, Decree No. 37/2017/ND-CP (“Decree 37”) guiding regulations on business conditions for operating seaports, ports, wharves, buoys, transshipment areas, offshore oil and gas ports (collectively referred to as seaports) was promulgated. 

Apr 05 2017

On March 2nd, 2017, Vietnam International Arbitration Centre ("VIAC") officially issued the Rules of Arbitration – 2017 edition ("2017 Rules of Arbitration "), effective as from March 1st, 2017.

Apr 05 2017

On February 13th, 2017, Circular No. 02/2017/TT-BNNPTNT (“Circular 02”) was issued to amend and supplement some provisions of Circular No. 48/2013/BNNPTNT (“Circular 48”) on inspection and certification of food safety of exported aquatic products.

Apr 05 2017

On November 29th, 2016, the Government issued Decree 160/2016/ND-CP prescribing conditions for sea transportation business, shipping agency services and towage services (“Decree 160”), revoking Decree 30/2014/ND-CP.

Mar 21 2017

Although commercial dispute settlement via mediation has been applied in practice for a long time, only on February 24th, 2017 did the Government officially promulgate Decree No. 22/2017/ND-CP detailing commercial mediation (“Decree 22”).

Mar 21 2017

On February 24th, 2017, the Government promulgated Decree 20/2017/ND-CP providing tax administration applicable to enterprises having controlled transactions (“Decree 20”). 

Mar 21 2017

Circular 43/2016/TT-NHNN dated December 30th 2016 issued by the State Bank prescribing consumer lending by finance companies officially took effect as from March 15th 2017 (“Circular 43”).

Mar 07 2017

On March 15th, 2017, Circular No. 39/2016/TT-NHNN regulating lending activities of credit institutions and foreign bank branches with customers (“Circular 39”) promulgated by the State Bank of Vietnam will officially take effect, replacing Regulation on lending activities of credit institutions as stipulated in Decision No.1627/2001/QD-NHNN.

Mar 06 2017

On February 06th, 2017, the General Department of Tax issued Official Letter No. 373/TCT-KK on Value-added tax refund (“Official Letter 373”) to remove obstacles to the enterprises regarding the value-added tax (“VAT”) not yet entirely deducted within 12 consecutive months.

Mar 06 2017

On February 20th, 2017, Circular No. 30/2016/TT-BXD detailing implementation of Decree No. 37/2015/ND-CP on engineering, procurement and construction contracts (“Circular 30”) of the Ministry of Construction officially took effect.

Feb 21 2017

On January 24th, 2017, the Government promulgated Decree No. 06/2017/ND-CP on betting business on horse and greyhound racing and on international soccer (“Decree 06”). 

Feb 21 2017

On February 10th, 2017, Circular No. 35/2016/TT-BTC on identification of foreign workers who are eligible for exemption of the work permit (“WP”) and internally reassigned by enterprises operating within eleven service sectors specified in Vietnam’s WTO commitments.

Feb 21 2017

On January 25th, 2017, the State Securities Commission issued Decision No. 87/QD-UBCK, together with the new regulations guiding securities margin trading (“Regulations 87”) to replace Decision 637/QD-UBCK as from April 01st, 2017. 

Feb 07 2017

On January 6th, 2017, the Government promulgated Decree No. 01/2017/ND-CP amending and supplementing a number of decrees detailing implementation of the Land Law (“Decree 01”).