Insights

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 […]

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, […]

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 […]

Amending provision on assessment and grant of certificates of national occupational skills

On September 1, 2021, the Government published a draft amending and supplementing a number of articles Decree No. 31/2015/NĐ-CP detailing several articles of the Law on employment regarding assessment and grant of certificates of national occupational skills was issued on March 24, 2015, and took effect from May 15 2016 (hereinafter referred to as “Draft”) for […]