The 14th National Assembly on November 11 adopted the Resolution on the socio-economic development plan for 2020, striving for 6.8 percent GDP growth rate and higher national competitiveness.

Guarantees are the most common type of personal security recognized by the general law of security. Security is notably used in the context of corporate financing. Civil Code No. 91/2015/QH13 dated November 24, 2015 contains various new rules on this security interest. This article is confined to an overview of guarantees from practice, dealing with suretyship guarantee which denotes a guarantee triggered by default on the part of the principal debtor, by way of contrast to (first) demand guarantee which denotes an independent undertaking to pay as widely used in international commerce.

Thousands of legal documents issued last year in the country were detected to be unlawful in one aspect or another, according to a recent report of the Ministry of Justice.

Taxpayers would be compensated for damage caused by tax administration agencies or their staff.

Measures to handle the assets of potentially corrupt officials remained the focus of debates about the revised draft Law against Corruption at the 25th session of the National Assembly (NA) Standing Committee which took place in Hanoi from July 11-13.

The Ministry of Finance (MOF) is working on a draft resolution on handling tax arrears and irrecoverable fines for submission to the National Assembly.

As scheduled, the draft revised Law on Import Duty and Export Duty will be submitted to the National Assembly for passage at the year-end session. The draft Law contains many new provisions aiming to build a healthy economic environment, facilitate production and export activities, and implement international commitments. This article introduces the most important contents of this draft.

The Law Amending a Number of Articles of the 2006 Law on Tax Administration (the Revised Law) will take effect next month. It revises 36 out of 120 articles of the 2006 Law, focusing on three major groups of issues: simplifying tax administrative procedures; reforming and modernizing tax administration in line with international practices; and increasing the effect and efficiency of tax administration.