Check this section of the DFDL COVID-19 Resource Hub for issues specifically affecting your legal and tax situation in Vietnam.
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...Read more »
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...Read more »
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...Read more »
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...Read more »
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...Read more »
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...Read more »
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...Read more »