Regulations

VAT policy for on-the-spot imports

23/10/2024 13:44 Regulations

VCN - Article 3 of the 2008 Law on VAT stipulates “Goods and services used for production, trading or consumption in Vietnam are subject to Value-added tax, except those specified in Article 5 of this Law”.

Applying tax on animal feed ingredient faces problems due to specialized regulations

21/10/2024 10:17 Regulations

VCN - According to Hai Phong Customs Department, some products such as palm oil, soybean oil, corn starch, sugar, whey, milk,... may be used for many purposes such as direct food for humans or used as raw oil for production of food, paint, plastic product

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

20/10/2024 15:29 Regulations

The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024.

Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

19/10/2024 00:00 Regulations

VCN - According to the representative of the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Finance and the National Assembly Committees are urgently collecting opinions to complete the draft Law amending seven Laws, to ensure that the i

Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

18/10/2024 10:29 Regulations

To meet the requirements of both strict security control and facilitating trade, one of the effective solutions is to cooperate, exchange and process information before the goods arrive

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

09:30 | 15/10/2024 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

09:17 | 14/10/2024 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

10:58 | 12/10/2024 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

09:37 | 10/10/2024 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

14:20 | 09/10/2024 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

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Step up negotiations on customs commitments within the FTA framework

09:44 | 08/12/2024 Regulations

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,

Proposal to amend regulations on goods circulation

13:45 | 06/12/2024 Regulations

VCN - The Vietnam Association of Maritime Agents, Brokers and Services has proposes to amend and supplement regulations related to the transport of goods subject to customs supervision.

Review of VAT exemptions for imported machinery and equipment

10:31 | 05/12/2024 Regulations

The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural

Customs tightens oversight on e-commerce imports

13:39 | 04/12/2024 Regulations

The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms

Bringing practical experience into customs management policy

13:48 | 03/12/2024 Regulations

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated