The new Law on Enterprise No. 59/2020/QH14 (LOE 2020) which was released on 17 June 2020 and took effect from 1 January 2021 reduces the compliance burden for investors.
Foreign investors can set up a business in Vietnam by way of setting up an investment project and a business organization to manage the project.
VGP – PM Nguyen Xuan Phuc said the Government will not grant new licenses for waste imports amid port congestion due to illegal import activities.
The PM has issued the list of online public service at level 3 and 4 for ministries, agencies and localities in the phase from 2018-2019.
In the context of the implementation of bilateral and multilateral commitments, Vietnam is working hard to facilitate the best trade conditions for the business community, as well as promoting two-way trade through cutting specialised examination procedures, goods and products.
VGP - The National Single Window has brought about real outcomes since introduction in November 2014 and helped Viet Nam to rank 4th among ASEAN countries for the indicator "easing border trade" in 2017.
VGP - The Ministry of Planning and Investment on November 15, 2017 issued Circular 04/2017/TT-BKHDT (“Circular 04”), which details the selection of bidders through the National Bidding Network System (hereinafter referred to as the “network”) with respect to bidding packages for provision of consultancy and non-consultancy, procurement and erection services, governed by the Law on bidding and putting in competitive and nationwide bids.
VGP – The Government issued Decree 146/2017/ND-CP (Decree 146) amending and supplementing some regulations on value added tax (VAT) and corporate income tax (CIT) of Decree 100/2016/ND-CP (Decree 100) and Decree 12/2015/ND-CP (Decree 12).
VGP – The Government issued Decree 09/2018/ND-CP, detailing the Commercial Law and the Law on foreign trade management regarding goods purchasing and selling activities and other activities directly related to the sale and purchase of goods by foreign investors and economic organizations with foreign invested capital in Viet Nam (Decree 09).
VGP – The Government issued Decree No. 08/2018/ND-CP (Decree) amending some decrees relating to business investment conditions under the state management of the Ministry of Industry and Trade.
VGP - The Government on December 30, 2017 issued Decree No. 163/2017/ND-CP ("Decree 163") regulating the logistics service business in replacement of Decree No. 140/2007/ND- CP (“Decree 140”) detailing the Commercial Law on the conditions for trading in logistics services and the limitation of liability for traders providing logistic services.
The Ministry of Industry and Trade is preparing necessary documents to submit the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to the National Assembly for approval by the end of this year.
The State Bank of Việt Nam (SBV) has approved a plan to remove or simplify 257 business conditions under its management.
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