The National Assembly officially passed the Land Law 2024
On January 18, 2024, at the 5th Extraordinary Session of the 15th National Assembly, the National Assembly officially voted to approve the revised Land Law project (also known as the 2024 Land Law) with the following results: Voting was 87.63%. After being received and revised, it is expected that the 2024 Land Law will have […]
Regulations on loading goods on road vehicles
On December 29, 2023, the Ministry of Transport issued Circular No. 41/2023/TT-BGTVT on loading goods on road vehicles. Accordingly, this Circular regulates the loading of goods on trucks, specialized trucks, specialized cars, tractors pulling trailers or semi-trailers, and cars pulling trailers (hereinafter collectively referred to as vehicles) when participating in road traffic. Subjects of application: […]
BULK REDUCE EMPLOYEES SIZE
Question: Currently, my company has 200 employees. However, due to the company's financial difficulties, it needs to reduce its workforce and salary fund, so the company wants to find a way to lay off 70-80 employees. Is there any way for the company to reduce its workforce while saving costs and complying with the law? […]
Supervise the destruction of money by the State Bank
On December 28, 2023, the Governor of the State Bank of Vietnam issued Circular 19/2023/TT-NHNN regulating the supervision of money destruction of the State Bank. Accordingly, the supervision of money destruction by the State Bank must comply with the following principles: - Supervision of money destruction is carried out at locations and destruction facilities of […]
RESOURCES - ENVIRONMENT
Funds determine the system of statistical indicators and statistical reporting regimes of the natural resources sector and environment On December 15,2023, The Minister of Natural Resources and Environment issued Circular 22/2023/TT-BTNMT regulating the system of statistical indicators and statistical reporting regime for the natural resources and environment sector. Accordingly, the system of statistical indicators for […]
Strategy for development of Vietnam Social Insurance industry until 2030
On January 11, 2024, the Prime Minister issued Decision 38/QD-TTg approving the Vietnam Social Insurance Industry Development Strategy until 2030. Specifically as follows: The specific goal is that by 2025, 100% of people participating in health insurance will have been issued a Citizen Identification Card that can be used to replace a health insurance card […]
Tax fee charge
1.Freeze tax debt On January 11, 2024, the General Department of Taxation issued Official Dispatch No. 140/TCT-QLN on debt freezing. Accordingly, in case a taxpayer's debt is frozen according to the provisions of Clause 5, Article 83 of the Law on Tax Administration, the debt freezing period is calculated from the date the tax administration […]
Yoga studio operational requirements
Question: I currently want to establish a yoga studio, can you tell me what requirements I need to meet? Answer: First you must establish a enterprise which registered business in the sports and fitness business and this enterprise must meet the following conditions: Qualified Personnel suitable with the operation content: Yoga instructors must meet one […]
Establishing a company in Cyprus
Question: Our company, originally founded in Vietnam, is currently in the process of setting up a new company in Cyprus. To achieve this, what do we need to adhere to specific procedures. Answer: When establishing a company in Cyprus, the following steps need to be taken: Firstly, registering foreign investment at the Ministry of Planning […]