Headlines

Ministry of Finance introduces Internal Audit Standards of Vietnam

This is the highlight of the Circular No. 8/2021/TT-BTC, introducing Internal Audit Standards of Vietnam and principles of professional ethics of internal audits on January 25, 2021.

Purchased airline tickets may be refunded due to Covid-19 in the following cases

On February 2, 2021, the Civil Aviation Authority of Vietnam issues the Official Dispatch No. 462/CHK-VTHK regarding measures to deal with passengers’ failure to fly due to Covid-19.

Indexing factors used for calculation of social insurance contribution amounts to take effect as from January 1, 2021.

This is the highlight of the Circular No. 23/2020/TT-BLDTBXH, regulating the indexing factors for the wage and income of the month of completed payment of social insurance contributions.

Regulations on information disclosure approaches of bond issuing enterprises are now ready for use

The Ministry of Finance promulgates the Circular No. 122/2020/TT-BTC, providing instructions about the information disclosure and reporting regime under the provisions of the Decree No. 153/2020/ND-CP dated December 31, 2020.

Training contents for pilots of the flight crew with multiple members are ready for use

On December 31, 2020, the Ministry of Transport issues the Circular No. 42/2020/TT-BGTVT, amending the set of regulations on civil aviation security in the aircraft and aircraft operation activities.

Imports and exports are exempted from declaring duties on each shipment

The Ministry of Finance issues the Circular No. 06/2021/TT-BTC, providing instructions about several articles of the 2019 Law on Tax Administration for imported and exported goods.

Changes in contact phone number requirements on POS devices are about to be made

The State Bank of Vietnam issues the Circular No. 20/2020/TT-NHNN, amending the Circular No. 47/2014/TT-NHNN regarding technical requirements for security for card payment devices.

Travel documents required upon entry or exit at land borders are now revealed

The Ministry of National Defense issues the Circular No. 173/2020/TT-BQP providing instructions about implementation of the Decree No. 96/2020/ND-CP, regulating administrative penalties for violations arising in the national border management and protection sector.

Passengers without face masks are denied

The Ministry of Transport issues the Official Dispatch No. 951/BGTVT-CYT regarding the strengthening of measures to prevent COVID-19 disease from spreading in transport activities before, during and after Tet holidays.

New directory of arduous, hazardous and dangerous trades and occupations are now in effect

On November 12, 2020, the Ministry of Labour, War Invalids and Social Affairs issues the Circular No. 11/2020/TT-BLDTBXH regarding the Directory of arduous, toxic and dangerous trades and occupations; and extremely arduous, toxic and dangerous trades and occupations.

E-UTRA technology needs to be installed on mobile phones

On December 31, 2020, the Ministry of Information and Communications promulgates the National Technical Regulation on Terrestrial Mobile Communications Terminals - Radio Access (QCVN 117:2020/BTTTT). The Circular sets out the following regulations:

New regulations in the Decree No. 132 regarding tax administration for enterprises engaged in related-party transactions.

General Department of Taxation issues the Official Dispatch No. 271/TCT-TTKT, introducing new regulations in the Decree No. 132/2020/ND-CP regarding the tax administration for enterprises performing related-party transactions. Below are some of these regulations:

New instructions on classification of construction works are now available for use

This regulation is set out in the Decree No. 06/2021/ND-CP regarding quality management, construction and maintenance of construction works.

Instructions for payment of off-network HI-covered medical expenses are now available

This is the highlight of the Official Dispatch No. 627/BYT-BH providing instructions on implementation of several regulations of Article 22 in the Law on Health Insurance, specifically including:

Timeframe for submission of proofs of origin under EVFTA is now announced

This is the highlight of the Circular No. 07/2021/TT-BTC, regulating the timeframe for submission of proofs of origin for imports under EVFTA.

Policy to take effect as of January 1, 2021 for villages or communes facing extreme hardship during the 2016-2020 period.

The Prime Minister has just issued the Decision No. 72/QD-TTg regarding the renewal of the existing social welfare policy granted to ethnic minority or mountainous communes and villages.

In which cases are audio or video recording activities permitted at restricted areas of airports?

Ministry of Transport issues the Circular No. 41/2020/TT-BGTVT on amendments and supplements to the Circular No. 13/2019/TT-BGTVT, elaborating on the Vietnam’s Program for airport security and airport security quality control.

Mandatory motor vehicle insurance: Maximum indemnity is 150 million dong/person/case

On January 15, 2021, the Ministry of Finance issues the Circular No. 04/2021/TT-BTC, elaborating on several articles of the Decree No. 03/2021/ND-CP on compulsory insurance for civil liability of motor vehicle owners.

Eligibility requirements for science and technology enterprise's entitlement to CIT reduction and exemption policies

The Ministry of Finance has recently issued the Circular No. 03/2021/TT-BTC, providing instructions for granting CIT (corporate income tax) exemption and reduction incentives to science and technology enterprises as provided in the Decree No. 13/2019/ND-CP dated February 1, 2019.

Mandatory motor vehicle and motorbike insurance: 8 cases in which coverage disclaimer clauses are applied

This is the highlight of the Decree No. 03/2021/NĐ-CP regarding compulsory insurance for civil liability of road vehicle owners.

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