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Official Gazette

Saturday, September 19, 2020
Tags: enterprise registration
Business registration procedures to be linked among state agencies Business registration procedures to be linked among state agencies
The Ministry of Planning and Investment is working on a draft decree allowing state management agencies in charge of enterprise registration, labor, insurance and taxation to coordinate with one another in shortening the time of carrying out procedures related to business startups.
About 700000 firms to benefit from cut in corporate income tax About 700,000 firms to benefit from cut in corporate income tax
About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 percent from July 1 this year, down from the current rate of 20 percent.
SMEs to receive support for business startup SMEs to receive support for business startup
The Ministry of Planning and Investment is working on a draft national program to provide a total financial support of VND 5,000 billion (USD 216 million) for small- and medium-sized enterprises being innovative startups or participating in industrial clusters and value chains during 2021-25.
Heftier fines imposed for violators of competition law Heftier fines imposed for violators of competition law
The Government has recently issued Decree 75 in an attempt to strictly and resolutely handle violations of the competition law and adapt to the new market reality.
More entities to enjoy business license fee exemption More entities to enjoy business license fee exemption
The Ministry of Finance is revising Decree 139 of 2016, proposing more entities eligible for exemption from the business license fee.
Capital contribution by foreigners to Vietnamese companies Capital contribution by foreigners to Vietnamese companies
Foreign investor’s capital contribution to a company will not change its legal status as a Vietnamese company since it was lawfully established and has been operating in accordance with the Vietnamese law on enterprises.
More flexible mechanism created for second-hand machinery importers More flexible mechanism created for second-hand machinery importers
The Prime Minister on April 19 approved Decision 18, prescribing the import of used machinery, equipment and technological lines, which is designed to replace Circular 23 of 2015, issued by the Ministry of Science and Technology (MOST).
Official Gazette issues Nos 13-15/2019 released on May 20 2019 Official Gazette issues Nos 13-15/2019, released on May 20, 2019
Ministry proposes revising the Investment and Enterprise Laws Ministry proposes revising the Investment and Enterprise Laws
The Ministry of Planning and Investment is working on a draft law revising the Law on Investment and Law on Enterprises, in a bid to further improve business and investment environment and raise the efficiency and effectiveness of state management activities.
Favorable conditions created for corporate bond issuance Favorable conditions created for corporate bond issuance
Under Government Decree 163, which is designed to replace Decree 90 of 2011, from February 1, enterprises that have operated for at least one year after obtaining enterprise registration certificates will be allowed to issue corporate bonds.

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