Enterprise - Investment

Completion of the Draft Law on Support for Small and Medium Enterprises
13:34, 11/07/2024
After the consultation workshop on the draft Law on Supporting Small and Medium Enterprises (SME) held on June 9. Information from the Ministry of Planning and Investment indicates that the draft Law on Supporting Small and Medium Enterprises has been completed.

Hanoi-Vietnam: From 2018, enterprises evading taxes may be fined up to 10 billion VND
13:30, 11/07/2024
From January 1, 2018, the Criminal Code 2017 will officially come into force and apply in the imposition of criminal penalties against corporate legal entities, including provisions on criminal liability for tax evasion by enterprises engaged in production and business in Vietnam.

Extension of the List of Employees Eligible for Preferential Share Purchase During the Equitization of State-Owned Enterprises - Draft
13:25, 11/07/2024
According to the roadmap in the period of 2011-2015, the entire country had 478 enterprises proceed with equitization, significantly contributing to the completion of the objectives of the state-owned enterprise restructuring process.

Retired Business Managers Must Compensate for Any Damages Caused
13:24, 11/07/2024
According to the Draft Circular regulating the responsibility of compensation and reimbursement by business managers and representatives, business managers who commit legal violations causing damage to the economy, assets of the State, and enterprises, and such damages are discovered after they have been transferred to another position, retired, or resigned, must compensate and reimburse for the damage caused.

Several Provisions of the 2005 Commercial Law Abolished from January 01, 2018
13:15, 11/07/2024
The Law on Foreign Trade Management 2017 stipulates measures for managing foreign trade activities, developing foreign trade activities; resolving disputes regarding the application of foreign trade management measures. It also specifically abolishes certain provisions of the Commercial Law 2005.

Some Regulations on Guarantees for Advance Capital from the State Budget
12:52, 11/07/2024
Ministry of Finance promulgates Circular 08/2016/TT-BTC stipulating the management and payment of investment capital using state budget funds effective from March 5, 2016.

Removal of Capital Requirements for Establishing a Debt Collection Service Business
12:50, 11/07/2024
Recently, the Ministry of Finance has submitted a Proposal to seek the opinion of the Government of Vietnam on the development of a new Draft Decree to abolish Decree 104/2007/ND-CP on debt collection service business. Notably, the abolition includes removing the capital condition regulations for establishing enterprises engaged in debt collection services.

The State of Vietnam officially monopolizes the business of 20 types of goods and services
12:40, 11/07/2024
The Government of Vietnam has officially approved Decree 94/2017/ND-CP (effective from October 01, 2017) on goods, services, and localities where the State exercises monopoly in trade activities.

Local Authorities Request to Relax Conditions for Approval of Public Investment Projects
12:23, 11/07/2024
The Law on Public Investment, effective from January 1, 2015, prescribes the procedures, process, and approval process for investment policies, investment decisions, capital plan allocation, disbursement deployment, etc., more stringently than before. Therefore, many localities have proposed various opinions regarding the implementation of the Law on Public Investment and related guiding documents.

4 Conditions for Issuance of Cybersecurity Service Business License
12:04, 11/07/2024
On October 25, 2017, the Government of Vietnam submitted the draft Law on Cybersecurity to the National Assembly for discussion. It clearly states that the Business License for Security Assurance Services shall only be granted to the head of the business entity upon satisfying all of the following four conditions: