On June 16, 2022, the Ministry of Finance issued Circular 04/2022/TT-NHNN stipulating the application of interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches (Circular 04/2022) to replace Circular 04/2011/TT-NHNN (Circular 04/2011). Compared to the former one, Circular 04/2022 provides a clearer legal framework for premature withdrawal of deposits.
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The Manual on Evaluation of Policy Impact Assessment Reports
In order to support the evaluation of the PIA Report, the Ministry of Justice (MOJ) has conducted The Manual on Evaluation of Policy Impact Assessment Reports, with the support of the ASEAN Economic Reform programme of Foreign, Commonwealth & Development Office (FCDO) represented by the British Embassy; and Department for Business, Energy and Industrial Strategy (BEIS).
Read moreGuidance on the use of the Science and Technology Development Fund of enterprises
To remove some obstacles and difficulties for enterprises in using the Science and Technology Development Fund, the Ministry of Science and Technology has issued Circular 05/2022/TT-BKHCN guiding the use of the Science and Technology Development Fund of enterprises (Circular 05). Circular 05 takes effect from June 1, 2022, replacing and abrogating several regulations set forth in Joint Circular 12/2016/TTLT-BKHCN-BTC guiding the allocation and management of S&T Development Fund of enterprises and shall apply to the use of Science and Technology Development Fund from the corporate income tax period of 2022.
Read moreGuidelines for implementation and application of electronic records
On July 12, 2022, the General Department of Taxation issued Official Dispatch 2455/TCT-DNNCN on the application and operation of electronic invoices and documents. Accordingly, this Dispatch provides guidelines on some notable new contents related to the application of e-records during the transitional period of technical infrastructure in accordance with Decree 123/2020/ND-CP on invoices and documents.
Read moreESG and the National Action Plans for Responsible Business Practices in Viet Nam (NAP)
ESG (Environmental, Social, and Governance) practices and CSR (Corporate Social Responsibility) practices originate in businesses’ proactive responses to the needs of their environment, society, and employees. Companies apply CSR or ESG not just to comply with laws but to uphold important standards that are not yet required by law.
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