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Significant changes to Vietnam tax administration in 2021
VIETNAM INSIGHT

Significant changes to Vietnam tax administration in 2021

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

Changes to Transfer Pricing Regulations
VIETNAM INSIGHT

Changes to Transfer Pricing Regulations

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.

Changes to Vietnam Company Registration Procedures
VIETNAM INSIGHT

Changes to Vietnam Company Registration Procedures

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

Changes to Vietnamese Immigration Laws (from 1 July 2020)
VIETNAM INSIGHT

Changes to Vietnamese Immigration Laws (from 1 July 2020)

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

Temporary Residence Cards: Significant Changes for Small Investors
VIETNAM INSIGHT

Temporary Residence Cards: Significant Changes for Small Investors

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

Changes to the Labour Law (Labour Code 2019)
VIETNAM INSIGHT

Changes to the Labour Law (Labour Code 2019)

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

Changes to Immigration Laws for Foreign Individuals in Vietnam
VIETNAM INSIGHT

Changes to Immigration Laws for Foreign Individuals in Vietnam

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

Proposed Changes to Current Laws on Investment & Enterprises
VIETNAM INSIGHT

Proposed Changes to Current Laws on Investment & Enterprises

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

Changes to Capital Accounts for Foreign Investors in Vietnam
VIETNAM INSIGHT

Changes to Capital Accounts for Foreign Investors in Vietnam

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

Administrative Changes to Work Permit Processes
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Administrative Changes to Work Permit Processes

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.

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