The Vietnamese authorities issued on 7 February 2024 Decree 14/2024/ND-CP amending and supplementing articles of Decree 28/2018/ND-CP, detailing the Foreign Trade Management Law on certain measures for foreign trade development. The new Decree effective f

The initial Law on Tax Administration was approved by the National Assembly on November 29, 2006 and took effect from July 1, 2007. Since then, the Law on Tax Administration has been amended and supplemented three times in 2012, 2014 and 2016. After more

On 5 November 2020, the Vietnam Government released Decree 132/2020/ND-CP (“Decree 132”) in respect of Transfer Pricing in Vietnam, replacing Decree 20/2017/ND-CP and Decree 68/2020/ND-CP.

On 15 October 2020, the Vietnam Government released Decree 122/2020/ND-CP (“Decree 122”) regulating the procedures for company registration in Vietnam, and incorporating initial labour usage declaration, Social Insurance registration and tax invoice usage

From 1 July 2020, new immigration laws have come into effect in Vietnam in relation to Visas and Temporary Resident Cards (“TRC”) for foreign individuals. As background, on 25 November 2019, The National Assembly of Vietnam approved Law 51/2019/QH14 (“New

From 1 July 2020, the laws surrounding the issuing of Temporary Residence Cards (TRC) for small investors in Vietnam change significantly. Foreign investors who currently hold (or are planning to hold) a TRC based upon their individual investment into a V

The National Assembly of Vietnam adopted the Labour Code 45/2019/QH14 (“New Labour Code 2019”) on 20 November 2019, and which will be effective from 1 January 2021. After many rounds of negotiations, the updated New Labour Code 2019 seeks to harmonise int

On October 19, 2019, the National Assembly of Vietnam approved amendments to the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (“Law”). The amended Law was formally issued on 25 November 2019 (Law 51/2019/QH14 on amending and supplem

Vietnam continues to refine and amend it economic and administrative procedures and structures to meet ongoing global commitments for integration, and to progress the advancement of the domestic economy. The Law on Investment 2014 and Law on Enterprise 20

On 6 September 2019 significant changes come into effect regarding Capital Accounts and capital flows for foreign investors in Vietnam, including transitional arrangements for certain existing investors. This Client Alert looks at the changes, and details

On 4 May 2019, the Ministry of Labour, War invalids and Social Affairs (“MOLISA”) issued Decision 632/QD-LDTBXH announcing amended and supplemented administrative procedures regarding employment under the management of MOLISA.

E-invoices have been permitted and applied by a small number of taxpayers in Vietnam for some time, however the Vietnamese authorities are commencing their drive to make E-Invoicing and electronic information sharing mandatory in Vietnam in the near futur

Substantial changes come into effect from 1 January 2018 affecting the calculation of payrolls in Vietnam. The results of the changes are that, essentially, remuneration payments received by employees will be subject to compulsory Insurances and Personal

At the present time, foreign individuals working in Vietnam are only subject to compulsory government Health Insurance and Personal Income Tax on their salary. However, changes from 1 January 2018 will result in Social Insurance becoming compulsory for mo

There are significant changes forthcoming in Vietnam to how payrolls are to be calculated and processed, and both employees and employers need to understand the potential impacts of these.

Changes were released earlier this year, affecting the recording and processing of foreign sourced loans by Vietnamese companies. This Client Update looks at what these changes mean to Vietnamese entities, and what business managers/owners need to be