Vietnam Legal & Tax Updates During the COVID-19 Crisis

With COVID-19 vaccination campaigns nearing completion or still in progress in various countries across Southeast Asia, our experts take this opportunity to look at some of the top questions and concerns on the minds of employers and employees when it comes to COVID-19 vaccination considerations. For example, can an employer require its employees to be vaccinated? Can...

In light of the continuing Covid-19 outbreak in Vietnam and various regulations issued by the Government and the Ministry of Labor, Invalids and Social Affairs (“MOLISA”), some key considerations remain with respect to employee entitlements that employers must address and make due preparations for, as outlined below: 1. What is the payment regime for employees...

The opening year of this decade was sadly and tumultuously marked by the many public health challenges, travel restrictions, border closures, fears and economic hardship brought on by the coronavirus pandemic across the globe.  Glimmers of hope re-emerged towards the end of 2020 as unprecedented worldwide efforts to research, experiment, formulate and test vaccine candidates...

Top 5 questions within 20 minutes to keep up to date with the latest COVID-19 vaccination campaign in Vietnam and key considerations for employers and employees. With COVID-19 vaccination drives at the early rollout stage across Southeast Asia, we take this opportunity to look more closely at some of the main questions, concerns and legal...

We are now pleased to unveil the third in our Q&A series on Finance and Loan Security Rights in Real Estate in the COVID-19 Era, this edition focusing on Vietnam.  The State Bank of Vietnam (SBV) issued a Circular on 13 March 2020 regulating restructuring by credit institutions and foreign bank branches of debt repayment...

On 25 September 2020, the Government of Vietnam issued Decree 114/2020/ND-CP (“Decree 114”) that provides guidance on the implementation of a 30% reduction of Corporate Income Tax (“CIT”). Decree 114 took effect on 3rd August 2020 and applies to the tax year 2020. Some of the key points of Decree 114 include: A 30% reduction of...

This publication is part of our series focusing on Corporate Insolvency Regime in consideration of the COVID-19 outbreak in Southeast Asian countries. Last month, DFDL published the first series (link here) of tailor-made FAQ on restructuring and insolvency regime that businesses and stakeholders need to keep track of in Myanmar, Philippines, and Thailand. The purpose...

Earlier this month, the DFDL Employment & Labour Team organized a well-attended webinar on Workforce Restructuring in Cambodia, Lao PDR, Myanmar, Thailand & Vietnam. Our experts shared their insights with the audience on ways to minimize COVID-19 related labour challenges in compliance with local law as well as practical steps and considerations when implementing options...

The Vietnamese Prime Minister approved Decree 41/2020/ND-CP (“Decree 41”) allowing the deferral of value added tax (“VAT”), corporate income tax (“CIT”), personal income tax (“PIT”) and land rental fee payments to support enterprises, individuals and household businesses affected by the COVID-19 global pandemic. Decree 41 took immediate effect on 8 April 2020, the primary features...

This publication is part of our series focusing on workforce management in consideration of the COVID-19 outbreak in Southeast Asian countries. The Prime Minister Nguyen Xuan Phuc issued Decision No. 447/QD-TTg dated 1 April 2020 (“Decision”) whereby COVID-19 was announced as a national epidemic in Vietnam. This COVID-19 outbreak later declared a global pandemic by...