Asia Legal Admin, Author at Asia Legal

4 Nov

Draft Circular replaces Circular 03/2016/TT-NHNN on foreign exchange management for foreign borrowing and foreign debt repayment of enterprises

Circular 03/2016/TT-NHNN dated February 26, 2016, providing several instructions on foreign exchange management for enterprise’s foreign borrowing and foreign debt repayment (hereinafter referred to as “Circular 03”) has been promulgated for 5 years. With the current trend of international integration, foreign borrowing and foreign debt repayment activities are growing strongly, reflected in the increasing scale […]

27 Oct

Some solutions to support businesses and people affected by the Covid-19 Pandemic

On October 19, 2021, the National Assembly Standing Committee issued Resolution No. 406/NQ-UBTVQH15 (“Hereinafter referred to as Resolution 406”) on promulgating some solutions to support businesses and people affected by the Covid-19 pandemic. Some keys on tax exemption and reduction prescribed in Resolution 46 includes: Reduce 30% of paying corporate income tax in 2021 if […]

27 Oct

Inadequacies in providing advertising services for foreign investors

Advertising is the employment of various means to present the public with profitable products, goods and services; non-profitable products and services; organizations and individuals trading and providing the presented products, goods and services, except for news, social policies, and personal information. In recent years, advertising services have been a field of interest to foreign investors, […]

20 Oct

Draft Circular expecting to allow foreign investors to invest in trading interest-rate derivative products in Vietnam

Interest-rate derivative products have appeared in Vietnam since 2015 as a financial instrument used to hedge and limit risks from interest-rates fluctuation in the underlying market. However, at present, the Vietnamese authority has only granted permission to 7 commercial banks, namely Lienvietpostbank, BIDV, ABbank, HDbank, Vietcombank, Techcombank and Viettinbank, which are eligible to provide interest-rate […]