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Official Gazette

Thursday, October 18, 2018
Tags: tax evasion
WB economist assesses FDI in Vietnam WB economist assesses FDI in Vietnam
Soon after the National Assembly passed the Law on Foreign Investment in Vietnam in 1987, the country started witnessing Foreign Direct Investment inflows which have made considerable contributions to the national economy. To mark the 30th year of Vietnam’s FDI attraction, Vietnam News Agency talked to Sebastian Eckardt, lead economist at the World Bank Vietnam.
Government makes strides in reducing business conditions Government makes strides in reducing business conditions
The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.
Personal liability and corporate liability under new Penal Code 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.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Party sets industrial development goals for 2030 Party sets industrial development goals for 2030
By 2030, Vietnam will accomplish its industrialization and modernization, basically becoming a modernity-oriented industrialized country among the top three ASEAN countries in industry, with some of its industries being globally competitive and deeply participating in the global value chain.
Cryptocurrencies to be strictly managed Cryptocurrencies to be strictly managed
To minimize risks of using cryptocurrencies for crimes, such as money laundering, terrorist financing, illegal transfer of money, tax evasion and trade fraud, the Prime Minister on April 11 issued Directive 10/CT-TTg to enhance the management of activities related to Bitcoin and other cryptocurrencies.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
New corporate income tax law aims to halt tax evasion New corporate income tax law aims to halt tax evasion
In the latest draft of Law on Corporate Income Tax, the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
National Assembly adopts key national policies National Assembly adopts key national policies
The National Assembly passed six laws that would influence national development in different fields, said NA Chairwoman Nguyen Thi Kim Ngan at the closing meeting of the NA’s fourth session that concluded on November 24 after 26 working days.
Top 10 legal documents in 2017 Top 10 legal documents in 2017
These include the Planning Law, the Law on Technology Transfer, the Law on Foreign Trade Management and Decree 03/2017/ND-CP on casino business, among others.

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