One of the government policies on the management, provision and use of internet services and online information, under Decree No 72/2013/ND-CP dated July 15, 2013, states that only information in accordance with Vietnamese laws may be transmitted to internet users within Viet Nam, even if it is cross-border transmission.
On February 24, 2017, the Vietnamese government released the new transfer pricing (TP) Decree No. 20/2017/ND-CP ‘Providing tax administration applicable to enterprises having controlled transactions’ (Decree 20), which will take effect from May 1, 2017.
Many investors who gave up casino development projects some years ago are considering returning as the government has turned the green light on allowing Vietnamese to go to casinos.
Several officers found visiting pagodas during work hours were imposed with various levels of penalties on Thursday by the disciplinary council under the Ministry of Industry and Trade (MoIT), showing a more hard-line stance on ensuring right conducts of State employees.
Government Decree No 174/2016/ND-CP (December 30, 2016) detailing a number of articles of the Accounting Law on accounting documents, accounting operations, accountants, accounting service business, accounting services across borders and accounting association.
The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers.
The State Securities Commission (SSC) has issued new regulations on which Unlisted Public Company Market (UPCoM) shares on the Premium list will be allowed for margin trading from April this year. This decision will replace existing regulations on securities margin transactions.
The Government has issued Decree No. 07/2017/NĐ-CP defining procedures on piloting granting e-visas for foreigners entering Viet Nam.
New regulations on e-visas for foreigners, sanctioning of administrative violations in the field of environmental protection, duty-free goods and business in prize-winning electronic games for foreigners will come into effect since February 2017.
The Government has recently issued Decree 06/2017/ND-CP on horse, dog racing and international football betting.
A wide range of policies applied for foreigners in Viet Nam took effect since January 1, 2017.
To keep up with the times, even the bedrocks of society must adapt to stay relevant – which is why the newly updated Penal Code should give hope to new-generation businesses. Freshfields Bruckhaus Deringer managing partner Tony Foster, and associate Nguyen Viet, explain what the business community has to look forward to in the new law.