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Official Gazette

Monday, July 24, 2017
Tags: prices
Official Gazette issues Nos 4-8 April 2017 released on July 10 2017 Official Gazette issues Nos 4-8 April 2017, released on July 10, 2017
Excise tax exemption proposed for locally made automobile parts Excise tax exemption proposed for locally made automobile parts
The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.
Party resolves to refine market economy institutions Party resolves to refine market economy institutions
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 11 of its fifth plenary meeting on completing the institutions of the socialist-oriented market economy, setting objectives for 2030 as well as solutions to achieving these objectives. Following are the principal contents of the Resolution.
Decree set to tackle transfer pricing Decree set to tackle transfer pricing
Coming into force in May 2017, Decree No. 20/2017/ND-CP on tax administration of enterprises having transactions with related parties has laid a legal foundation to better control transfer pricing and prevent losses of state budget revenues.
Voters voice concern over Chinese contractors winning of bidding packages Voters voice concern over Chinese contractors’ winning of bidding packages
Vietnam has accepted Chinese contractors to implement its infrastructure bidding packages as a condition for borrowing loans from China, said the Ministry of Planning and Investment (MPI) in response to voters’ questions.
Agriculture investors to receive more incentives from the State Agriculture investors to receive more incentives from the State
Enterprises established and registering operation under Vietnamese law and having agricultural projects eligible for investment incentives would receive more supports from the State, according to a draft decree prepared by the Ministry of Planning and Investment to replace Decree No. 210 of 2013.
Revised competition law takes shape Revised competition law takes shape
The current Competition Law has yet to come into practice, and it would need further improvement to reach its full frame, said Trinh Anh Tuan, Deputy Director of the Vietnam Competition Authority of the Ministry of Industry and Trade.
Official Gazette issues Nos 1-2 March 2017 published on May 17 2017 Official Gazette issues Nos 1-2 March 2017, published on May 17, 2017
Revised Accounting Law Revised Accounting Law
Taking effect on January 1 this year, the Accounting Law regulates accounting work, accounting apparatus, accountants, provision of accounting services, and state management of accounting.
Legal loopholes in handling trademark infringements in Vietnam Legal loopholes in handling trademark infringements in Vietnam
Intellectual property infringements in Vietnam, including infringements upon well-known trademarks, have prevalently occurred with subtle tricks and are considerably difficult to control. These have caused damage not only to businesses but also to customers.

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