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New regulations of Vietnam on interest rates on premature withdrawal of deposits

On June 16, 2022, the State Bank of Vietnam promulgated Circular No. 04/2022/TT-NHNN on the application of interest rates on premature withdrawal of deposits from credit institutions and foreign bank branches.

Trained employees in Vietnam still receive 7% more than minimum wages

This is a content of Official Dispatch No. 2086/BLDTBXH-TLDLDVN dated June 17, 2022 implementing Decree No. 38/2022/ND-CP on minimum wages.

From 2023, the higher entrance exam scores, the lower bonus points in Vietnam

The Minister of Education and Training of Vietnam has promulgated Circular No. 08/2022/TT-BGDDT dated June 06, 2022 on university and college admission in the preschool education major.

Employees in Vietnam still receive rent support during maternity leave or sick leave

This is a content of Official Dispatch No. 410/CVL-TTLD dated June 08, 2022 of the Employment Department of Vietnam on the implementation of policies on rent support for employees according to Decision No. 08/2022/QD-TTg of the Prime Minister of Vietnam.

Simplification of applications for issuance of inland water transport licenses in Vietnam

On June 16, 2022, the Minister of Transport of Vietnam promulgated Circular No. 08/2022/TT-BGTVT amending Circulars related to marine business.

Addition of methods for online registration of issuing land use right certificates upon purchasing off-plan property in Vietnam in the near future

This is a content of Decision No. 721/QD-TTg dated June 16, 2022 of the Prime Minister of Vietnam approving the plan to reduce and simplify regulations related to business activities under the State management of the Ministry of Natural Resources and Environment.

Addition of 9 master’s majors from July 22, 2022

This is a remarkable content of Circular No. 09/2022/TT-BGDDT on the List of higher education majors promulgated on June 06, 2022 by the Minister of Education and Training of Vietnam.

Violation signs in invoice management in Vietnam

On June 01, 2022, the General Department of Taxation of Vietnam promulgated Official Dispatch No. 1873/TCT-TTKT on strengthening the review and examination to detect taxpayers prone to commit acts related to invoices and prevention of tax refund fraud.

Statutory minimum wages applied from July 01, 2022

On June 12, 2022, the Government of Vietnam promulgated Decree No. 38/2022/ND-CP on statutory minimum wages paid to employees working under employment contracts applied from July 01, 2022. Below are monthly and hourly minimum wages in 4 regions as follows:

Charter capital to be maintained by credit institutions by 2025 in Vietnam

On June 08, 2022, the Government of Vietnam promulgated Decision No. 689/QD-TTg approving Project "Restructuring of the system of credit institutions in association with settlement of bad debts in the period of 2021-2025”.

Procedures for receiving and processing information about radiation and nuclear incidents in Vietnam

On June 07, 2022, the Minister of Science and Technology of Vietnam promulgated Circular No. 08/2022/TT-BKHCN on economic-technical norms for public services using the state budget in response and handling of radiation and nuclear incidents; etc.

Use of electronic invoices for exports in Vietnam

On June 03, 2022, the General Department of Customs of Vietnam promulgated Official Dispatch No. 2054/TCHQ-GSQL on using e-invoices for exports.

Promulgation of Product specific rules (HS 2017) according to Agreement VKFTA

On June 01, 2022, the Minister of Industry and Trade of Vietnam promulgated Circular No. 09/2022/TT-BCT amending Circular No. 40/2015/TT-BCT on implementing Rules of origin under the Viet Nam-Korea Free Trade Agreement (VKFTA).

Regulations on deadlines for issuance of C/O old Form D in Vietnam

The Minister of Industry and Trade of Vietnam promulgated Circular No. 10/2022/TT-BCT on June 01, 2022 amending the Circular on implementing rules of origin of products under the ASEAN Trade in Goods Agreement (ATIGA), including regulations on deadlines for issuance of C/O old form D.

Requirements for conversion from industrial zones to urban service areas in Vietnam

The Government of Vietnam has recently promulgated Decree No. 35/2022/ND-CP on management of industrial zones and economic areas.

Annulment of some regulations of Vietnam related to international road transport

The Minister of Transport of Vietnam promulgated Circular No. 05/2022/TT-BGTVT dated May 25, 2022 on annulment of some regulations related to issuance, reissuance and withdrawal of permits of the Circular on international road transport.

Addition of potentially unsafe products and goods of Ministry of Information and Communications of Vietnam

This is a content of Circular No. 2/2022/TT-BTTTT dated May 16, 2022 on list of potentially unsafe products and goods under authority of Ministry of Information and Communications of Vietnam.

Entities eligible for VAT, CIT, PIT deferral in Vietnam in 2022

The Government of Vietnam has recently promulgated Decree No. 34/2022/ND-CP on deferral of value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rents in 2022.

Methods of interest subsidy from commercial banks for enterprise and household business loans in Vietnam

On May 20, 2022, the Governor of the State Bank of Vietnam promulgated Circular No. 03/2022/TT-NHNN elaborating Decree No. 31/2022/ND-CP on interest subsidies for enterprise, cooperative and household business loans.

Regulations on assistance for small and medium start-ups of Vietnam

This is a content of Circular No. 06/2022/TT-BKHDT dated May 10, 2022 on guidance on Decree No. 80/2021/ND-CP elaborating the Law on Assistance for Small and Medium Enterprises (SMEs).

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