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Instructions for implementation of preferential tariff rates under EVFTA are now available for use

The General Department of Customs has just issued the Official Dispatch No. 6283/TCHQ-TXNK regarding implementation of the Decree No. 111/2020/ND-CP dated September 18, 2020, including the following instructions:

Enterprises earning the maximum revenue of 200 billion dong in 2020 are granted 30% deductions from their CIT payments

This is the highlight of the Decree No. 114/2020/ND-CP, providing instructions for implementation of the Resolution No. 116/2020/QH14 regarding the deduction from the payment of CIT accrued in 2020 for enterprises, cooperatives, public service units and other entities (commonly called enterprises).

Live streaming remote specialist consultations is banned

This is mentioned in the Decision No. 4054/QD-BYT regarding provisional instructions and regulations for remote specialist consultations.

Digital signatures used in SI-related electronic documents are now regulated

On September 22, 2020, the Vietnam Social Security issues the Decision No. 1166/QD-BHXH, adopting the Regulations on provision, management and use of digital certificates, digital signature authentication services for the social insurance sector.

Planning for development of coastal economic zones to be supplemented

Prime Minister issues the Decision No. 1453/QD-TTg regarding the modification and supplementation of the Planning for development of Vietnam’s coastal economic zone till 2020.

Concentrated quarantine fees to be payable by passengers entering Vietnam from September 1, 2020

Government’s Office issues the Official Dispatch No. 7713/VPCP-KTTH regarding the Prime Minister’s consent to the Ministry of Finance’s proposal for collection of concentrated quarantine fees to be paid by passengers entering Vietnam. The Circular sets out the following regulations:

Conditions for imposition of preferential tariff rates under EVFTA are now ready for use

Recently, the Government has promulgated the Decree No. 111/2020/ND-CP on Tariff Schedules on Preferential Export Duties and Specially Preferential Import Duties with a view to implementing EVFTA for the period of 2020 - 2022.

Two types of imported goods are prevented from being sent to bonded warehouses

This is the highlight of the Decision No. 27/2020/QD-TTg regarding the list of imported goods prohibited for movement to bonded warehouses (issued on September 21, 2020).

COVID-19 test instructions are available for persons wishing to go abroad

The Ministry of Health This issues the Official Dispatch No. 4974/BYT-DP dated September 17, 2020 regarding the provision of COVID-19 tests for persons applying for cross-border exit.

Providing relief for enterprises in difficult situation due to Covid-19 disease under Decree No. 40/2019

This is mentioned in the Resolution No. 129/NQ-CP regarding the Government’s regular meeting held in August 2020.

10 new regulations regarding business establishment in force on January 1, 2021

Below are 10 new significant regulations regarding registration for establishment of enterprises in the 2020 Law on Enterprises (in force from January 1, 2021).

Special Consumption Tax deferral to be granted to domestically manufactured or assembled automobiles

The Government promulgates the Decree No. 109/2020/ND-CP, granting the deferral of special consumption tax to domestically manufactured or assembled automobiles.

International commercial flights is reopened from September 15th and 22nd this year

This is the highlight of the Notice No. 330/TB-VPCP regarding the Deputy Prime Minister Pham Binh Minh’s conclusion at the meeting discussing permission for conventional international commercial flights between Vietnam and several partners.

List of plant protection products permitted for use to come in use October 25th this year

On September 9, 2020, the Ministry of Agriculture and Rural Development issues the Circular No. 10/2020/TT-BNNPTNT regarding the list of plant protection products permitted for use in Vietnam, including:

Functional requirements for digital signature verification software are ready to take effect

This is the highlight of the Circular No. 22/2020/TT-BTTTT regarding technical requirements for digital signature and digital signature verification software.

8 new regulations regarding construction permits in force from January 1, 2021

2020 Amended Law on Construction (in effect on January 1, 2021) sets out multiple regulations related to construction permits, specifically including:

Persons wishing to go overseas COVID-19 are tested for COVID-19

This policy is mentioned in the Official Dispatch No. 4847/BYT-DP regarding the provision of COVID-19 tests for persons demanding cross-border exit.

4 tips on investment and construction management of projects with condotel and/or officetel apartments

On September 3, 2020, the Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD regarding the investment and construction management of projects with condotel (a hybrid of condominimum and hotel), officetel (a hybrid of office and hotel) apartments, resort villas or shophouses.

Rates of penalty for common violations arising from compulsory social insurance, health and unemployment insurance

Below is a summary of rates of penalty for common administrative violations arising from compulsory social insurance, health insurance and unemployment insurance activities:

Prerequisite for purchase of duty-free goods is about to take effect from October 15, 2020

The Government has just promulgated the Decree No. 100/2020/ND-CP, regulating trading of duty-free goods.

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