On October 14, 2011, the Government promulgated Decree 90/2011/ND-CP on Issuance of Corporate Bonds (“Decree 90”). This legal document has produced positive impacts on the development of bond market and improved corporates’ proactivity in calling for capital from bonds. However, in the current context of certain development of corporate bond market, it requests to amend and supplement Decree 90 to ensure the support and promotion of corporates’ capital mobilization through bond issuance. Aiming at remedying shortcomings of this Decree after five year of implementation, the Ministry of Finance has drafted the Decree providing for issuance of corporate bonds (Draft Decree). In this newsletter, NHQuang&Associates would like to introduce our analysis and comments for some new provions of the Draft Decree for your reference.
Aiming forwards a consistent and transparent legal system of tax in order to simplify administrative procedures and resolve difficulties in production and business of tax payers, the Ministry of Finance published the Draft Law on amendment and supplementation to some articles of the Law on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Resource Tax on August 15, 2017. The adjustment of the legal frame for the tax mentioned above shall impact not only business activities of corporates but aslo normal people’s life. In this volume, NHQuang has some analyses of remarkable issues in the Draft Law to provide you the most general view of the Ministry of Finance’s law making direction.
Vietnam – EU Free Trade Agreement (EVFTA) was officially negotiated on June 26, 2012, orienting towards reinforcing the comprehensive political partnership relationship between Viet Nam and EU, especially the relation of trade and investment. On February 01, 2016, the document of EU – Viet Nam Free Trade Agreement (EVFTA) was publicized and estimated to take effect from 2018. In this issue is our writing about approaching the market for service provision under Viet Nam’s commitment in EVFTA for your overall point of view.
ASEAN Trade In Goods Agreement (ATIGA), formerly AFTA – Common Effective Preferential Tariff (CEPT/AFTA) 1992, was signed in February 2009 and came into effect from 17/5/2010. ATIGA is the first comprehensive agreement of ASEAN to govern all contents involving goods trading within the area and it was formulated based on summary of all covenants on cutting down/elimination of tariff agreed in CEPT/AFTA and the related agreements and protocols. In this Newsletter, NHQuang&Associates will introduce an article on fundamental issues of ATIGA’s principles on origin, one of the key factors for enterprises to get approach to and develop this Agreement’s benefits and preferences.
According to the Ministry of Planning and Investment, around 102,000 new enterprises were established in 2016, compared to 94,700 of 2015. For the first time, Vietnam has above 100,000 enterprises newly established in a year. In that spirit, some legal documents have been promulaged and shall come into effect from 2017, orienting to transparentizing the public administration and e-governmental development. This volumn will update some typical legal provisions to facilitate the application by enterprises and organizations into their business operation.