Legal Updates

Monthly minimum wages will increase to between VND2.15 and VND3.1 million for every employee nationwide from January 1, 2015, according to latest Government Decree.

The Government has issued a Resolution that declares tax exemption for Government bonds circulated in international markets in 2014.

Provincial People’s Committee promulgated documents on uniform supporting for public servants working at file receiving and returning departments at district and provincial level.

If real estate is exchanged between July 1, 1994 and January 1, 2009, the people who use the property have to make a one-time personal income tax payment.

The Finance Ministry issued a guiding document for customs officials on dealing with the current challenges in customs procedures stipulated in Circular No.128/2013/TT-BTC

The Prime Minister has agreed with the Ministry of Finance’s proposed changes in a draft law revising the current tax laws with a view to removing difficulties for domestic businesses.

New policies on storm-resistant house construction in the Central region, social network management, and lower personal income tax (PIT) for individuals at economic zones

Viet Nam's National Technology Innovation Fund has a charter capital of VND1 trillion (US$47.6 million), which will be contributed by the state budget for science and technology activities.

There are different provisions of the law on the conditions, duration, forms of ownership, rights and obligations of foreign-invested enterprises owning houses in Viet Nam, depending on the enterprises' business sectors.

The Government’s Decree 83 on petrol trading is expected to make retailed petrol prices competitive and nearer to the world prices, said Mr. Phan The Rue, chairman of the Vietnam Petroleum Association on September 19.

Ministry of Finance promulgated Circular 128/2014/TT-BTC to give instructions on personal income tax deduction to individuals working at economic zones and border gate economic zones to replace Circular 176/2009/TT-BTC.

The Office of the State President on December 12 held a press conference in Hanoi to announce a number of new laws and ordinances, including the revised Land Law and the Employment Law

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