Vietnam Decree 23 Outlines Bidding Processes for Key Sectors Projects
Vietnam has introduced comprehensive regulations via Decree 23 on the bidding processes for project implementation and investor selection.
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Vietnam Regulatory Sandbox in the Banking Sector: Draft Decree Issued
The Vietnam Draft Decree targets 3 solutions: credit scoring, open API, and P2P lending, offered by credit institutions or fintech companies.
Vietnam Decree on the Management & Development of Industrial Clusters
Decree 32/2024/ND-CP regulating industrial clusters in Vietnam takes effect on May 1, 2024. Key provisions are summarized in this article.
Vietnam Decree Provides Incentives for High-Tech Parks, Ventures
We briefly discuss how Decree 10/2024/ND-CP increases support for investors of high-tech parks and high-tech business activities in Vietnam.
Vietnam's Rules on Foreign Property Ownership: Draft Decree Provisions
Foreign property ownership is permitted in Vietnam and a new draft decree offers clarity on key provisions of the amended Housing Law.
Vietnam's Amended Law on Credit Institutions Approved
Last week, Vietnam’s National Assembly voted to approve amendments to the Law on Credit Institutions. Here are the details.
Draft Rooftop Solar Decree Overview
A draft decree on rooftop solar has been disseminated. The decree lists several important changes for the sector. Here are the details.
Vietnam Q3 2023 Labor Market Update: Increase in Workers, Employment
The Vietnam General Office of Statistics has released its Q3 2023 labor market and employment update. Here’s what it says.
Significant new improvements underpin Work Permit procedures in Vietnam under Decree 70
Vietnamese authorities released Decree 70/2023/ND-CP (Decree 70) on 18 September 2023, which went into immediate effect, covering several major updates and practical clarifications relating to employing foreign experts in Vietnam. In this article, we cove
Base Salary Increases, Social and Health Insurance Caps to Rise
The base salary (not to be confused with the minimum wage) is rising and this will change social and health insurance caps. Here's how.
Practical guide for employers on the increase to the Minimum Basic Wage from 1 July 2023 and how it
Following the Resolution of the National Assembly on 11 November 2022 regarding the increase to the Minimum Basic Wage (base salary) from 1 July 2023, on 14 May 2023, the Government issued Decree 24/2023/ND-CP providing further details.
Personal Data Protection obligations in Vietnam – Decree 13, legal framework and 2023 obligations
After a protracted period of deliberation, the Vietnamese government ultimately passed the Decree No. 13/2023/ND-CP on Personal Data Protection (Decree 13) on 17 April 2023. Decree 13 is a landmark legal instrument that integrates all of Vietnam’s dispara
Spotlight on the Law on Cybersecurity in Vietnam and Decree 53
In order to further align its policies with the international community standards and personal data protection best practices, the Vietnamese authorities have recently released a significant Decree covering key elements on data security. The contents of t
Decree 41 removes separate invoicing requirements for reduced VAT of 8% and an Official Letter clari
Decree 41 abolishes requirements to separate invoicing of goods/ services entitled to reduced VAT of 8%On 20 June 2022, the Vietnamese Government issued Decree 41/2022/ND-CP amending some provisions o
Increases to Minimum Monthly Wages from July 2022
Responding to the expectations of employees during the past two years, on 12th June, 2022 the Vietnamese Government issued Decree 38/2022/ND-CP with many notable changes related to the Minimum Monthly Wages in the coming time.
Vietnam to Increase Regional Minimum Wage from July 2022
Vietnam is set to increase its minimum wage by 6 percent from July 2022 after a span of two and half years which includes a new minimum hourly rate
Why Vietnam is Increasingly Focusing on Digital Accounting
Vietnam Briefing discusses digital accounting in Vietnam, including trends, tools that are being used, and the government's push in digitizing the economy
Proposed increases to Minimum Monthly Wages by 6% from 1 July 2022
On 12 April 2022, Vietnam’s National Wage Council finalised their proposal to increase Minimum Monthly Wage for employees in Vietnam at an average of 6% across the 4 regions, effective from 1 July 2022. This increase is subject to the Prime Minister’s fin
Vietnam Increases Overtime Hours Until Year End
Vietnam increased overtime working hours to 60 hours per month until the end of the year. We highlight the details as per Resolution 17
Foreigners Subject to Increased Social Insurance from January 2022
Employers and foreign employees in Vietnam should plan for January 2022 when social insurance rates increase in line with the same rates as local staff
