Monthly Newsletter in May 2021

1. Our prominent legal articles 

In May, our personnel had some remarkable articles, specifically: 

Associate Tran Chau Hoai Han with the Article “Income tax implications on the assignment of capital in cross-border transactions” published on the Lexology website dated May 9th, 2021. This article provides Investors with general knowledge related to tax rates for Direct Capital Transfer in Vietnam and Indirect Offshore Capital Transfer. To read the entire article, please visit here.

Associate Dao Trung Thong with the Article “E-Commerce business in Vietnam: Conditions for foreign investors” published on the Lexology website dated May 9th, 2021. The article provides investors, as well as companies, general knowledge related to the conditions for being granted a operation license in the field of e-commerce that Foreign Investors need to meet to invest in Vietnam. To read the entire article, please visit here. 

Associate Thieu Thi Kieu Thu and Paralegal Cao Duy Khoi with the Article “Foreign investors need to be cautious of real estate purchases through Vietnamese individuals” published on the Lexology website dated May 21th, 2021. The article provides investors general view related to some risks in the case of investment through Vietnamese individuals. To read the entire article, please visit here.

Moreover, Clients can visit https://apolatlegal.com/category/articles to refer to more legal articles suitable to your demand. 

2. The remarkable news 

  • The Government issued Decree No. 21/2021/ND-CP regulating the implementation of the Civil Code on ensuring the performance of obligations, please refer here.
  • Ministry Of Finance issued Circular No. 25/2021/TT-BTC stipulating the rate, collection, payment, management and use of fees in the field of exit, entry, transit and residence in Vietnam Nam, please refer here.
  • Ministry Of Planning And Investment issued Circular No. 01/2021/TT-BKHDT guidance on enterprise registration, please refer here.

3. The remarkable legislation take effect in May and the beginning of June 2021 

No. DOCUMENT TITLE EXECUTION DATE EFFECTIVE DATE
1.      Decree No. 43/2021/ND-CP regulating the national insurance database. 31/03/2021 01/06/2021
2.      Decree No. 38/2021/ND-CP regulations on sanctions of administrative violations in the field of culture and advertising. 29/03/2021 01/06/2021
3.      Decree No. 23/2021/ND-CP detailing Clause 3, Article 37 and Article 39 of the Employment Law regarding employment service centers and employment service enterprises. 19/03/2021 01/06/2021
4.      Circular No. 02/2021/TT-NHNN guiding foreign currency transactions on the foreign currency market by credit institutions authorized to conduct foreign exchange activities. 31/03/2021 17/05/2021
5.      Circular No. 01/2021/TT-NHNN stipulating issuance of promissory notes, treasury bills, deposit certificates and domestic bonds by credit institutions and foreign bank branches. 31/03/2021 17/05/2021
6.      Circular No. 03/2021/TT-NHNN Amending and Supplementing Some Articles of Circular No. 01/2020/Tt-Nhnn dated March 13, 2020 of the Governor of the State Bank of Vietnam on Regulations on credit institutions application, foreign bank branch restructured debt payment term, exempted, reduced interest and fees, maintained debt group to support customers affected by the Covid-19 Pandemic.. 02/04/2021 17/05/2021
7.      Circular No. 25/2021/TT-BTC stipulating the rate, collection, payment, management and use of fees in the field of exit, entry, transit and residence in Vietnam Nam. 07/04/2021 22/05/2021
8.      Circular No. 13/2021/TT-BGDDT stipulating the conditions, order, procedures and authority to recognize certificates granted by foreign educational institutions for use in Vietnam. 15/04/2021 01/06/2021
9.      Circulars No. 26/2021/TT-BTC guiding for accounting when transforming public non-business into joint stock company. 07/04/2021 01/06/2021
10.   Circular No. 27/2021/TT-BTC amending and supplementing several articles in Circular No. 19/2014/TT-BTC dated February 11th, 2014 of the Minister of Finance stipulating procedures for temporary import and re-export Import, Destruction, Transfer of Cars, Motorcycles, Two Wheelers of Subjects entitled to Privileges and Immunities in Vietnam. 19/04/2021 02/06/2021

 

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