Personal liability and corporate liability under new Penal Code
On June 20, 2017, the National Assembly passed the revised Penal Code. It became effective on January 1, 2018. Several significant changes have occurred. Several acts, previously criminal, are no longer punishable. On the other hand, several previously innocent acts have been criminalized. One very large change is that an enterprise-not just an individual-may now be guilty of a crime1.
Many charges, fees to be rebated
The Ministry of Finance recently released a number of draft circulars, proposing rebate of many charges and fees payable by businesses and sent them to ministries, ministerial-agencies, Vietnam Chamber of Commerce and Industry, Vietnam Association of Seafood Exporters and Producers, and provincial-level People’s Committees for opinions.