New legal documents in first half of April 2023

07:00 | 25/04/2023 Policy Follow Ven.vn on

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

GOVERNMENT

1. Government Decree 12/2023/ND-CP dated April 14, 2023, extending the time limits for payment of the value added tax, corporate income tax, personal income tax and land rent in 2023.

2. Prime Ministerial Decision 09/2023/QD-TTg dated April 12, 2023, stipulating procedures related to the issuance and management of APEC Business Travel Card.

3. Government Office Notice 120/TB-VPCP dated April 10, 2023, regarding Deputy Prime Minister Le Minh Khai’s conclusion at the meeting on the global minimum corporate income tax and its impact on Vietnam.

4. Prime Ministerial Official Note 238/CD-TTg dated April 10, 2023, promoting production, trade, construction investment and import-export activities.

5. Prime Ministerial Decision 348/QD-TTg dated April 6, 2023, approving the Strategy for Digital Transformation in Journalism to 2025, with an orientation to 2030.

6. Prime Ministerial Decision 345/QD-TTg dated April 5, 2023, approving the project to improve the quality and effectiveness of legal support for businesses in the 2021-2030 period.

7. Government Office Notice 110/TB-VPCP dated April 4, 2023, regarding Deputy Prime Minister Tran Hong Ha’s conclusion at the meeting on the progress of the Con Dao Airport expansion investment project.

MINISTRY OF INDUSTRY AND TRADE

1. Official Dispatch 2096/BCT-KHTC dated April 11, 2023, regarding the import, production and distribution of lubricants by economic organizations with foreign investment capital.

2. Decision 851/QD-BCT dated April 7, 2023, approving the projects, tasks and 2023 budget (phase 1) for implementation of the support program to enhance competitiveness of Vietnamese businesses and Vietnamese goods, which is associated with the Buy Vietnamese Goods campaign in the 2021-2025 period.

MINISTRY OF INFORMATION AND COMMUNICATIONS

1. Decision 566/QD-BTTTT dated April 6, 2023, regarding action plan to implement the national cybersecurity strategy in response to cyberspace challenges till 2025 with a vision towards 2030.

MINISTRY OF TRANSPORT

1. Decision 428/QD-BGTVT dated April 7, 2023, approving partial adjustments to Dien Bien Airport Planning for the period until 2030.

MINISTRY OF HEALTH

1. Decision 1728/QD-BYT dated April 6, 2023, regarding the plan to implement the national program on ensuring supply for vaccination until 2030 according to Prime Ministerial Decision 1286/QD-TTg.

2. Decision 1710/QD-BYT dated April 5, 2023, regarding the action plan to implement Resolution 157-NQ/BCSD on digital transformation in the health sector until 2025 with an orientation to 2030.

HANOI TAX DEPARTMENT

1. Official Dispatch 17836/CTHN-TTHT dated April 4, 2023, regarding corporate income tax preferences for expanded investment projects.

VEN

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Government proposes National Assembly consider 2% reduction in VAT in coming agenda

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The Government has proposed the National Assembly (NA) to consider a 2% reduction in the value-added tax (VAT) on goods and services subject to a 10% VAT during its coming meeting stated to start on May 22.

Credit institutions allowed to reschedule repayment terms

07:00 | 01/05/2023 Policy

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.

Viet Nam commits to protect legitimate interests of investors

10:07 | 28/04/2023 Policy

Viet Nam commits to creating favorable conditions for and protecting legitimate interests of investors in accordance with legislation and international agreements to which the country is a signatory, stated President Vo Van Thuong.

Government prohibits sales of personal data

07:00 | 22/04/2023 Policy

The Government has decreed that sales of personal data shall be prohibited, according to newly-issued Decree 13/2023/ND-CP dated April 17.

Government agrees with MoF’s proposal on 2% VAT reduction for 2023

07:00 | 20/04/2023 Policy

The Government has agreed with the Ministry of Finance (MoF)’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services subject to a 10% VAT.

Gov’t extends deadlines for tax and land rent payments

13:00 | 18/04/2023 Policy

The Government issued Decree No. 12/2023/ND-CP dated April 14, 2023 on time extension for payment of value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent in 2023.

Localities asked to speed up transport projects

09:47 | 18/04/2023 Policy

The Ministry of Transport has called on localities to speed up the construction of transport projects as many are reportedly lagging behind schedule.

MoF proposes VAT reduction to 8% to boost economy

07:00 | 12/04/2023 Policy

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10 per cent to 8 per cent for a number of goods and services to boost the economy.

Ministry plans inspection of TikTok in May

07:00 | 12/04/2023 Policy

The Ministry of Information and Communications will conduct an inspection of TikTok in May to ensure the cross-border platform's law compliance during its operation in Vietnam.

Ministry proposes higher cap for State's share in PPP projects

07:00 | 10/04/2023 Policy

Economists and policymakers have voiced their support over a proposal put before the National Assembly by the Ministry of Planning and Investment (MPI) to raise the State's contribution limit in public-private-partnership (PPP) infrastructure projects to 65%.

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Amway Vietnam honored Top Industry 4.0 Vietnam - I4.0 Awards

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More than 30 Vietnamese businesses are showcasing their products at a food exhibition in the Republic of Korea (RoK), which opened on May 30.

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Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

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There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6 per cent of the continent's total import of US$600 billion per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.

FDI enterprises urge investment environment improvement

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Central bank eases credit crunch, boosts growth

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(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Hanoi accelerates public investment disbursement

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(VEN) - Hanoi has 238 ongoing public investment projects, with key works of the 2021-2025 period maintaining their set schedules.

Vietnam’s R&D thrives

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(VEN) - The successful application of scientific research results in the field of mechanical manufacturing has affirmed the capacity and role of science and technology (S&T) organizations in integration and development.

Vegetable, fruit exports: A sweet and sour challenge

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(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

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(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

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favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

International festival provides platform to young musicians

06:00 | 30/05/2023 Lifestyle

Monsoon' festival, one of the most anticipated music events in Việt Nam, will be held in Hà Nội from October 14 to 22. The festival founder and director, Quốc Trung, discusses the festival's return after a three-year hiatus.

bat trang ancient pottery exhibited at viet nam national museum of history

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

06:00 | 28/05/2023 Lifestyle

A unique collection of Bát Tràng pottery artefacts dating from the 14th to the 20th century are being introduced to the public at the Việt Nam National Museum of History.

Domestic audiences experience European cinema at film festival

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They include multiple award-winning entries set across a range of spatial-temporal contexts.

Policy

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Specific mechanisms, policies needed to drive HCM City’s growth

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PM approves National Power Development Plan VIII

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Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Chip-based passports can be provided online, sent via post

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The Government’s National Public Service Portal has by now integrated services to facilitate people in issuing new and exchanging chip-based passports, and receiving them via post.

Industry & Trade

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

Suitable solutions needed for each sector

06:00 | 30/05/2023 Industry

(VEN) - Most industrial production sectors are facing difficulties; therefore, experts say, suitable solutions for different sectors are needed in order to solve the problems.

Fertiliser businesses see profit drop on ailing selling prices and rising costs

15:27 | 26/05/2023 Industry

Falling selling prices and rising costs have caused the profits of most fertiliser businesses to plunge, after recording high profits in the previous few years.

Investment

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Da Nang calls for investment in 10 logistics centre projects

14:57 | 23/05/2023 Investment

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.

Finance-Banking

Dozens of commercial banks cut savings interest rates

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Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

Central bank continues to reduce policy interest rates

06:12 | 27/05/2023 Finance-Banking

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

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Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Environment

PM urges stronger wildfire prevention measures amid strong heatwaves

06:00 | 28/05/2023 Environment

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.

Vietnam targets development of green, plastic waste-free tourism

06:00 | 28/05/2023 Environment

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.

Đồng Nai afforestation programme kicks off

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NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.

New task force promotes innovation and financing for plastic waste reduction

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The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.

Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

16:29 | 30/05/2023 Science - Technology

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Hanoi hosts Vietnam - Asia DX Summit 2023

16:15 | 26/05/2023 Science - Technology

Deputy Prime Minister Tran Hong Ha chaired the opening session of the Vietnam - Asia DX Summit 2023 themed “Driving economic growth enabled by digital data mining and smart connectivity” in Hanoi on May 24.

Hanoi Transerco applies technology to improve public bus services

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The application of technologies in managing and operation activities has been among prioritised solutions that the Hanoi Transportation Corporation (Transerco) has rolled out to improve the quality of its public bus services over the past years.

Hanoi aims to be national hub of technology transfer, development

15:59 | 26/05/2023 Science - Technology

Hanoi stands ready to coordinate with the Ministry of Science and Technology to pilot policies on innovation and science and technology development, thus turning the capital city into a hub of science, technology and innovation in the country, Vice Secretary of the municipal Party Committee Nguyen Van Phong has stated.

Society

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

16:23 | 26/05/2023 Society

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.

Mong Cai city imports electricity from China’s Dongxing

10:37 | 25/05/2023 Energy

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Seminar discusses orientations for rapid and sustainable national development

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Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

M&A to pick up in property market

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Vietnamese Brands

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Pfizer Vietnam, VNVC sign MoU to protect public health

09:00 | 26/05/2023 Vietnamese Brands

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.

Vietjet offers 50% discount on SkyBoss Business tickets

New legal documents in first half of April 2023

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