Legal Updates

On June 18, 2021, The Ministry of Finance issued Circular No 45/2021/TT-BTC guiding the application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions. Accordingly, the regulations of APA proposing transactions as follows: - APA proposing transactions are associated transactions specified in Clause 2, Article 1 Decree No 132/2020/ND-CP. Currently, APA transactions are...

On December 26, 2013, the Vietnam State Bank issued the Circular No. 33/2013/TT-NHNN providing guidelines upon approval procedure for activities of export, import of foreign currency in cash of permitted banks. Under this Circular, commercial banks, branches of foreign banks permitted that have demand on export and import of foreign...

On December 6, 2013 the State Bank of Viet Nam issued Circular No. 29/2013/TT-NHNN, stipulating on provision of foreign currency loans of the credit institutions and foreign banks’s branches with customers being residents. [...]

In accordance with the Decree No. 43/2015/ND-CP dated May 06, 2015 of the Government providing the establishment and management of water source protection corridors, a water source protection corridor shall be established to protect the bank stability and prevent and combat the encroachment upon land around water sources; prevent...

On Jun 30, 2016, the Ministry of Health issued the Circular No. 28/2016/TT-BYT dated June 30, 2016 of the Ministry of Health on management of occupational diseases. Accordingly, first occupational disease investigation shall be carried out in the cases that the investigation is requested by a worker who has not...

In accordance with the Decree No. 10/2015/ND-CP dated January 28, 2015 of the Government on giving birth through in vitro fertilization and conditions for altruistic gestational surrogacy, The National Hospital of Obstetrics and Gynecology; Hue Central General Hospital and Ho Chi Minh City Tu Du Obstetrics Hospital are allow...

In accordance with the Decree No. 33/2017/ND-CP dated April 03, 2017 of the Government on penalties for administrative violations against regulations on water and mineral resources; the fines for discharging wastewater into water bodies without licenses are between VND 20 – 250 million. In particular, a fine ranging from VND...

This is the important contents prescribed at the Law No. 63/2014/QH13 on Organization of People’s Procuracies passed by the National Assembly on November 24, 2014. Accordingly, from February 01, 2015, the people’s procuracy system includes the Supreme People’s Procuracy. Superior people’s procuracies; People’s procuracies of provinces and centrally run cities;...

On November 12, 2018, the Government issues the Decree No. 155/2018/ND-CP on amendments to some articles related to business conditions under state management of the Ministry of Health. One of the remarkable contents of this Decree is food safety requirements for the food and beverage establishments. To be specific, those...

With the target to gradually reduce the burden on the state budget, and meet the target of socio-economic development, industrialization - modernization of the country; to restructure the railway sector investment, enhance private sector involvement investment ratio in the railway infrastructure commensuration with other transport fields; the Minister of...