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LEGAL NEWSLETTERS
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New regulations on rescheduling debt repayment and maintaining debt groups

On April 23, 2023, the State Bank of Vietnam issued Circular 02/2023/TT-NHNN on rescheduling debt repayment and maintaining debt groups by credit institutions and foreign bank branches in order to support customers facing difficulties. Circular 02 is developed and issued with the goal to continue supporting people and enterprises to overcome difficulties in production and business activities, with the inherited and modified contents based on the provisions of Circular 01/2020/TT-NHNN (amended and supplemented).

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Some highlights of the Decree on personal data protection

On April 17, 2023, the Government issued Decree 13/2023/ND-CP on personal data protection (Decree 13) with the goal of meeting requirements on protecting personal data rights, preventing acts of infringing personal data, and affecting the rights and interests of individuals and organizations.

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Highlights of the Proposal for Amended Special Consumption Tax Law

In order to meet the practical situation and ensure compatibility with the reform direction of special consumption tax (SCT) in other countries, the Ministry of Finance is currently developing a project of Amended SCT Law. Given the significance and impact of SCT-related regulations on production and business activities.

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New regulations on guiding the implementation of Law on Land

On April 3, 2023, Decree 10/2023/ND-CP (Decree 10) was issued to amend and supplement several articles of Decrees providing guidelines for implementation of the Law on Land, which will take effect from May 20, 2023. Decree 10 introduces notable amendments and supplements regarding investment projects regulated by Decree 43/2014/ND-CP, as amended and supplemented by Decree 01/2017/ND-CP.

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Some new regulations on value-added tax

On February 28, 2023, Circular 13/2023/TT-BTC was promulgated to guide Decree 49/2022/ND-CP amending Decree 209/2013/ND-CP guiding the Law on Value Added Tax which is amended under Decree 12/2015/ND-CP, Decree 100/2016/ND-CP and Decree 146/2017/ND-CP and to amend Circular 80/2021/TT-BTC.. Circular 13 shall take effect from April 14, 2023.

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