Legal updated

70 FORMS AND REPORTS RELATED TO INVESTMENT ACTIVITIES IN VIETNAM

02/07/2021 - INVESTMENT

The Ministry of Planning and Investment issues the Circular No. 03/2021/TT-BKHDT prescribing the forms and reports related to investment activities in Vietnam, offshore investment and investment

ENTERPRISE PROVIDING EMPLOYMENT SERVICE MUST MAKE A DEPOSIT OF VND 300 MILLION

02/07/2021 - LABOR - SALARY

The Decree No. 23/2021/ND-CP on elaborating Clause 3 Article 37 and Article 39 of the Law on Employment on employment service centers and employment service enterprises is promulgated by the

TO APPLY THE TAX RATE OF 7% TO KARAOKE, MASSAGE, BILLIARDS, SHAMPOO AND LAUNDRY SERVICES FROM AUGUST 01

02/07/2021 - TAX – FEE - CHARGE

The Ministry of Finance issues the Circular No. 40/2021/TT-BTC providing guidelines on value added tax, personal income tax and tax administration for business households and individuals on June 01, 2021.

HO CHI MINH CITY EXTENDS SOCIAL DISTANCING FOR ANOTHER 14 DAYS

27/06/2021 - MEDICAL – HEALTH

This highlight content is stipulated in the Official Dispatch No. 1931/UBND-VX dated June 14, 2021 of the People’s Committee of Ho Chi Minh City.

BY 2030, 100% OF DIRECTING AGENCIES COMPLETES THE NATURAL DISASTER PREVENTION DATABASE

27/06/2021 - NATURAL RESOURCES - ENVIRONMENT

The Decision No. 379/QD-TTg approving the National Strategy on natural disaster prevention and control through 2030, with a vision toward 2050 is issued by the Prime Minister on March 17, 2021.

5 CRITERIA FOR EVALUATING THE ANNUAL PERFORMANCE OF THE VIETNAM DEVELOPMENT BANK

27/06/2021 - FINANCE - BANKING

The Government promulgates the Decree No. 46/2021/ND-CP on financial management regime and operational efficiency assessment of Vietnam Development Bank on March 31, 2021.

FINANCIAL MANAGEMENT MECHANISM APPLICABLE TO PPP INVESTMENT PROJECTS

27/06/2021 - INVESTMENT

On March 26, 2021, the Government issues the Decree No. 28/2021/ND-CP prescribing the financial management mechanism applicable to public-private partnership (PPP) investment projects.

4 LEVELS OF TAX LAW COMPLIANCE OF TAXPAYERS

27/06/2021 - TAX – FEE - CHARGE

This is a new content specified in the Ministry of Finance’s Circular No. 31/2021/TT-BTC dated May 17, 2021 prescribing the application of risk management in tax administration.

TO SUPPORT FOR REDUCTION IN ELECTRICITY PRICES AND BILLS DUE TO COVID-19

19/06/2021 - SECURITIES

On June 02, 2021, the Government issues Resolution No. 55/NQ-CP on the plan on support for electricity customers through reduction (the third time) in electricity prices and electricity bills.

EMPLOYEES IN PRODUCTION AND BUSINESS ESTABLISHMENTS SHALL BE SCREENED FOR COVID-19

19/06/2021 - MEDICAL – HEALTH

The Ministry of Health issues the Decision No. 2787/QD-BYT on the promulgation of “the guidance for pandemic prevention and control plans when COVID-19 cases are recorded at the production and

BY 2030, 100% OF HOUSEHOLDS SHALL RECEIVE INFORMATION ON NATURAL DISASTERS

19/06/2021 - NATURAL RESOURCES - ENVIRONMENT

The Decision No. 553/QD-TTg approving the “Project for community awareness raising and community-based natural disaster risk management, with a vision toward 2030” is issued on April 06, 2021 by the Prime Minister.

4 SUBJECTS OF PRELIMINARY ENVIRONMENTAL IMPACT ASSESSMENT

19/06/2021 - NATURAL RESOURCES - ENVIRONMENT

On May 21, 2021, the Government issues the Decree No. 54/2021/ND-CP promulgating regulations on preliminary environmental impact assessment.

SPECIAL PREFERENTIAL IMPORT TARIFF UNDER THE UKVFTA IN THE 2021-2022 PERIOD

19/06/2021 - TAX – FEE - CHARGE

The Decree No. 53/2021/ND-CP on the Preferential Export Tariff, the Special Preferential Import Tariff of Vietnam for implementation of the Free Trade Agreement between the Socialist Republic of

ENTERPRISES INVESTING IN MANUFACTURING SUPPORTING INDUSTRY PRODUCTS BEFORE 2015 SHALL BE ENTITLED TO EIT INCENTIVES

19/06/2021 - TAX – FEE - CHARGE

The Decree No. 57/2021/ND-CP supplementing Point g, Clause 2, Article 20 of the Decree No. 218/2013/ND-CP (amended and supplemented by the Decree No. 12/2015/ND-CP) regarding enterprise

MEDICAL EQUIPMENT WITH AN IMPORT LICENSE SHALL BE ENTITLED TO 5% VAT RATE

19/06/2021 - TAX – FEE - CHARGE

On June 11, 2016, the Ministry of Finance issues the Circular No. 43/2021/TT-BTC amending and supplementing Clause 11, Article 10 of the Ministry of Finance’s Circular No. 219/2013/TT-BTC of