Chủ đề: regulations

According to new documents from the Ministry of Information and Communications (MoIC), foreign cross-border advertising providers must comply with Vietnamese laws on advertising, taxation, and network security, and regulations on the management, provision, and use of the internet and online information. At the request of authorities, they must also prevent and remove information that violates the law.

New regulations on the prevention and control of Covid-19 for people entering Vietnam have been issued by the Ministry of Health. Visitors with a negative Covid test will enjoy quarantine-free travel from day one. However, they will have to present proof of a negative SARS-CoV-2 test (except for children under two years old), conducted within 72 hours prior to departure for RT-PCR/RT-LAMP tests or within 24 hours for rapid antigen tests, and the results must be certified by authorities in the country where the tests are conducted.

According to a draft Decree from the Ministry of Finance amending and supplementing guidelines for the Tax Administration Law, owners of e-commerce platforms are to declare tax and pay taxes on behalf of sellers of goods and services on their platforms. Information must now be automatically provided online to tax authorities quarterly.

From February 12, businesses dealing in prize-winning games for foreigners at casinos must meet five changed conditions. However, compared to the old regulations, the changes cut annual inspections by provincial People’s Committees and reduce problems for businesses.

Host of incentives available to certain types of investment projects

Many cities and provinces have issued sub-licenses that make it difficult to distribute goods. The Prime Minister has therefore requested that they review and remove any inconsistent documents to ensure goods distribution.

According to Mr. Dau Anh Tuan, Head of the Legal Department at the Vietnam Chamber of Commerce and Industry (VCCI), after half a year of implementing Circular No. 06/2020/TT-BKHDT from the Ministry of Planning and Investment (MPI), which relates to a number of articles in the Law on Competition, there remain difficulties and confusion among enterprises about procedures for investor selection.

The Prime Minister has issued Decision No. 22/2021/QD-TTg on allowing flexibility in the innovative re-organization of State-owned enterprises (SOEs). The Decision contains two new points. Firstly, it provides criteria for the classification of SOEs, and changes in the rate of charter capital held by the State, in which some important industries will see 100 per cent held by the State, such as high-tech applications, major investments, the field of prospecting, exploration, and development, and oil and gas exploitation. Secondly, the parent company, the representative of State capital, and the owner’s representative agency will be able to proactively classify SOEs according to announced criteria, and at the same time develop a restructuring plan based on an evaluation of business performance.