Other Briefings
Vietnam Cracks Down on Securities Fraud
In an effort to enact protection mechanisms to lower the risk investors may be exposed to with regard to securities-related crimes, and to crack down on securities fraud, the Vietnamese government promulgated Circular No. 10.
Vietnam Establishes Management Firm to Buy Bad Debt
Aug. 1 – Last week, in a move to try to fix its credit-starved economy, Vietnam officially launched the Vietnam Asset Management Company (VAMC) by way of Decree 53/2013/ND-CP. The VAMC will essentially buy up any bad debts that its country’s banks hold. The VAMC, colloquially known as the “bad debt bank”, finally commenced operations […]
Vietnam Amends Law on Enterprises
In a move widely regarded as a welcoming message from the National Assembly to foreign investors looking to expand their business activities in the country, the Vietnamese government recently passed an amendment to Article 170 of the Law on Enterprises.
National Wage Council Established in Vietnam, Minimum Wage Rises
Jul. 16 – Last month, Vietnamese Prime Minister Nguyen Tan Dung approved Decree 49/2013/ND-CP, which commissioned the establishment of a National Wage Council to oversee national wage levels throughout the country. The National Wage Council, which was officially established this week, will replace the Ministry of Labor as Vietnam’s minimum wage oversight body and will […]
New Issue of Asia Briefing: An Introduction to Tax Treaties Throughout Asia
In this issue of Asia Briefing Magazine, we look at the various types of trade and tax treaties that exist between Asian nations. These include bilateral investment treaties – which are somewhat unfashionable, yet still the major focal point of bilateral trade between many smaller emerging nations – and also the meatier double tax treaties and free trade agreements that directly affect businesses operating in Asia.
Vietnam Lowers Requirements for Preferential Customs Treatment
Vietnam has released a new circular which will lower the requirements for preferential customs treatment for businesses engaged in the export and import of goods.
Vietnam Issues Changes to Import Price Database
Jul. 4 – The Vietnamese General Department of Customs recently issued “Official Letter No. 3286/TCHQ-TXNK (hereinafter referred to as ‘Letter’)” on June 14, 2013, to announce changes to the country’s import price database on various goods. Specifically, the Letter adds 24 new categories to the list of items that are subject to import duties. The Letter […]
Intellectual Property Rights in Vietnam
Jul. 2 – Vietnam has a comparatively strong intellectual property (IP) framework which includes several multilateral agreements and other relevant bilateral trade agreements. This article will provide an introduction to the legislative framework for intellectual property rights (IPR) in Vietnam, including an overview of the procedures for registering IP. Legislation In order to catch up […]
Official Dispatch Issued Clarifying the Invoice Process
Official Dispatch No. 18036/BTC-TCT dated December 30th, 2011 issued by The Ministry of Finance guiding some contents in the process of implementing Decree 51/2010/NĐ-CP and Circular 153/2010/TT-BTC.
Circular Released Regulating Preferential Import/Export Tariff Under the Taxable Goods List
Circular 157/2011/TT-BTC dated November 14th, 2011 issued by The Ministry of Finance regulating preferential import, export tariff under the taxable goods list.
The export tariff under the taxable goods list is specified in Appendix I. Some export duty rates have been lowered, such as scrap and metal pieces, and processed white limestone.
