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Official Gazette

Sunday, August 14, 2022
Tags: derivative
Tax payment by foreign suppliers in Vietnam Tax payment by foreign suppliers in Vietnam
From March 21, 2022, foreign suppliers without any presence in Vietnam may pay tax for their turnover generated in the country via the portal http://etaxvn.gdt.gov.vn.
Govt. reveals draft action plan to develop the private sector Govt. reveals draft action plan to develop the private sector
By 2025, Vietnam would have about 1.5 million private enterprises, of which about 60,000-70,000 are medium- and large-sized ones. This is one of the targets set in the cabinet’s action plan for implementation of the 12th Party Central Committee’s Resolution on developing the private sector as an important driving force of the economy.
Glossary of derivative terms Glossary of derivative terms
Compatibility between Vietnams law and CITES regarding wildlife protection Compatibility between Vietnam’s law and CITES regarding wildlife protection
Vietnam became an official member of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1994. Since then, the Convention’s provisions have been step by step incorporated into the country’s legal framework. This article assesses the compatibility between CITES provisions and two important laws concerning wildlife conservation and protection, the 2015 Penal Code and the 2017 Law on Forestry, and puts forth some recommendations for further improvement.
Internationalization trend and challenges of Vietnams criminal legislation Internationalization trend and challenges of Vietnam’s criminal legislation
Vietnam’s criminal law’s evolution landmarks include the first-ever 1985 Penal Code, 1999 Penal Code (revised in 2009) and the latest Penal Code passed in 2015 (revised in 2017). Each of these codes and its revised version was imbued with characteristics of certain criminal legislation trends in its effective period. In the initial stage of codification of Vietnam’s criminal law, international aspects were embodied in a very moderate manner. The 1985 Penal Code only recognized some international criminal law principles regarding some crimes in order to protect interests of the international community. The 1999 Penal Code went further with some revisions to guarantee Vietnam’s responsibility as a state party to a number of conventions and treaties on criminal justice. However, these two codes have not yet initiated the internationalization trend of Vietnam’s criminal law. Until the 2009 Code revising the 1999 Penal Code and the 2015 Penal Code (revised in 2017), such trends as modernization, benevolence, international integration, judicial reform and respect for human rights are embraced. So, for what reasons Vietnam’s criminal law has been influenced by international criminal law and more and more clearly leaned toward consistency with international criminal law?
Signing contracts by electronic means Signing contracts by electronic means
This article provides an overview on the use of electronic signature in Vietnam, including the current practice, regulatory framework and its application in judicial practice of the courts in relation to the validity of electronic signature. We hope that our readers may find it useful in the practice relating to signing contracts by electronic mean.
New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019 New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019
Adopted in late 2019 with many new changes, the amended Law on Securities, available on Official Gazette issues Nos. 136-144 of 2019, is expected to make a positive impact on the Vietnam’s stock market.
New circular on securities-related service prices New circular on securities-related service prices
The Ministry of Finance has issued new securities-related service regulations for trading organizations and commercial banks doing business in Vietnam’s securities market.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.
Securities Law to be revised this year Securities Law to be revised this year
In 2017 the State Securities Commission will focus on formulating a revised Securities Law along with further completing the legal framework on securities in tune with international practices.

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