New regulations on foreign indirect investment in Vietnam drafted
15/10/2024 13:46 Regulations
The State Bank of Vietnam (SBV) is drafting a circular to better manage foreign investment protocols and hopefully make them speedier.
Considering amending regulations on suspension from exit due to tax arrears
15/10/2024 09:30 Regulations
VCN - To facilitate the implementation of suspension from exit, the General Department of Taxation directs specialized units to study and amend and supplement current regulations to ensure both improving the efficiency of tax debt collection and creating
How to handle export processing enterprises forgetting to open a corresponding import declaration
14/10/2024 09:17 Regulations
VCN - From 2014 to 2019, Dragonjet Vietnam Co., Ltd. (headquartered in Que Vo Industrial Park, Bac Ninh) opened 17 on-site export declarations of domestic enterprises, however, the company “forgot” to open a corresponding import declaration. Dragonjet Vie
Food safety rules relaxed for emergency imports
12/10/2024 10:58 Regulations
Products and goods provided by foreign governments and international organizations for emergency relief to people recovering from storm No. 3 are exempt from state inspection of food safety and quality.
Checking and reviewing the classification of exported copper
10/10/2024 09:37 Regulations
General Department of Vietnam Customs requests the customs departments of provinces and cities to strengthen the inspection and review of the classification of exported copper.
Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period
09/10/2024 14:20 Regulations
The Ministry of Finance is drafting a decree amending a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to
Must strictly manage duty-free goods
10:16 | 08/10/2024 Regulations
The GDVC has just responded to the Binh Phuoc Customs Department to guide Binh Duong Water and Environment Corporation to implement regulations on the management of tax-free imported goods.
Amend the law to protect the rights of accountants
09:11 | 30/09/2024 Regulations
VCN - Promoting decentralization, delegation of authority, improving state management capacity in the field of accounting, enhancing the responsibility of leaders, etc will ensure the legitimate rights of accountants, prevent corruption and waste.
Simplification is not enough, enterprises need stronger administrative reform
10:23 | 29/09/2024 Regulations
Vietnam Chamber of Commerce and Industry (VCCI) said that regulations on administrative procedures need stronger reform.
Propose a 15-30% reduction in land rents in 2024 for people affected by typhoon Yagi
10:39 | 28/09/2024 Regulations
VCN - To support people and businesses with more resources to cope with difficulties and challenges in production and business due to the impact of typhoon No. 3 (Yagi), the Ministry of Finance proposed a 15-30% reduction in land rents in 2024.
Amending 3 important policies in the Law on State Budget
09:05 | 26/09/2024 Regulations
The Ministry of Finance proposed regulations allowing local budgets to invest in the construction of central infrastructure works in the locality
MoF proposes to abolish Article 35 on “on-the-spot import and export” in Decree No.08/2015/ND-CP
08:59 | 25/09/2024 Regulations
VCN - According to the drafting committee, the revision aims to resolve problems arising in practice, meeting the requirements of deploying the information technology system to implement Digital Customs.
Revised Law on Special Consumption Tax to reduce consumption rate of products harmful to health
09:08 | 22/09/2024 Regulations
VCN - According to Mr. Truong Ba Tuan, Deputy Director of Department of the Tax policies, fees and charges Supervisory Authority (the Ministry of Finance), the current Law on Special Consumption Tax stipulates 10 commodity groups and six service groups su
Chile officially issues electronic C/O form VC from November 1, 2024
20:39 | 17/09/2024 Regulations
VCN - The General Department of Customs has just sent a notice to the local customs departments related to electronic Certificate of Origin (C/O) in the Vietnam - Chile Free Trade Agreement (FTA)
Adding tax exemption conditions in the draft revised Law on Corporate Income Tax
09:26 | 16/09/2024 Regulations
VCN - Practice has raised the need to amend and supplement the Law on Corporate Income Tax (CIT) to suit the development of the domestic and foreign economy and society. According to the assessment, the completion of the draft Law on Corporate Income Tax
Increasing penalties to reduce violations in independent auditing
12:32 | 15/09/2024 Regulations
VCN - According to data from the Ministry of Finance, Vietnam currently has around 2,400 practicing auditors who are certified to perform audit services, with over 220 audit firms certified to provide these services.
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"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") fo
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simpl
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
VCN - The representative of the Vietnam Fertilizer Association cites data from the Ministry of Finance, as saying that about VND10,000 billion of VAT has not been deducted from business expenses from 2015 to present.
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations
Completing commodity management policies combined with applying trade defense measures plays an important role in protecting the interests of businesses and the Vietnamese economy.