After a long journey, the EU-Vietnam Free Trade Agreement (EVFTA) and EU–Vietnam Investment Protection Agreement (IPA) was signed in Hanoi on Sunday, 30 June 2019. It’s the second largest trading partner in the ASEAN region.
The Government has issued Decree No. 40/2018/NĐ-CP on management of multi-level marketing activities.
An organization registering for multi-level marketing activities must meet seven following conditions:
The Office of the State President convened a press conference to announce the State President’s orders to publicize six new laws which were passed at the recent fourth session of the 14th National Assembly.
A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017.
Administrative violations on measurements
The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.
A series of new policies on wine business, establishment of social support facilities, supervision of securities transactions on the securities market, assessment of language proficiency come into effect in November 2017.
Encouraging establishment of social support facilities
The Ministry of Finance recently held a press conference to discuss a draft new tax law amending the current laws on VAT, Special Sales Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Tax.
Individual investors that participate in derivatives trading market have to pay a 0.1 per cent income tax for derivatives trading transactions.
The tax is imposed on the trading prices of derivatives transactions, which could be sell and buy orders and expiry of the futures contracts.
The Ministry of Finance has held a meeting to introduce changes in the list of Viet Nam’s export and import goods as per Circular No 65/2017 / TT-BTC.
The new circular will take effect from January 1 next year.
A string of new policies on trade reconciliation, energy labeling, cash collection and expenditure, financial management mechanism for Viet Nam Electricity Group (EVN) will come into effect in April.
A string of new policies on certificates of land use rights, casino business activities for Vietnamese residents, horse and greyhound racing and international football betting, and government guarantee come into force in March.
Grant of certificates of land use rights
New regulations on e-visas for foreigners, sanctioning of administrative violations in the field of environmental protection, duty-free goods and business in prize-winning electronic games for foreigners will come into effect since February 2017.
Pilot grant of e-visas for foreigners
A series of regulations on foreign workers, personal income tax exemptions for experts of UN, NGOs, number of apartments owned by foreigners, management of foreign construction contractors and foreign insurance business providing trans-border insurance services have taken into effect since the second half of 2016.
A string of new policies on civil status registration, employment, escorted transfer of violators, and individual income exemption involving foreign elements came into effect in 2016.
Civil status registration
The Law No. 60/2014/QH13, dated November 20, 2014, on civil status came into force since January 1, 2016.