Headlines 06/09/2022 09:54 SA

New regulations on rights of foreign non-governmental organizations in Vietnam

Quý Tân

This is the content mentioned in Decree No. 58/2022/ND-CP on registration and management of operations of foreign non-governmental organizations in Vietnam, promulgated on August 31, 2022.

According to Decree No. 58/2022/ND-CP, foreign non-governmental organizations in Vietnam shall have the following rights:

- Enjoy rights and incentives for tax, goods import, and labor licenses according to the laws of Vietnam;

- Receive foreign currencies or Vietnam Dong via accounts according to the laws of Vietnam;

- May transfer foreign currencies abroad for activities of development support and humanitarian aid according to the laws of Vietnam;

- Receive commendations for achievements of effective implementation of programs and projects in Vietnam according to the laws of Vietnam;

- Self-terminate their operations when there is no need to continue operating in Vietnam;

- Open and use payment accounts that use Vietnam Dong or foreign currencies at commercial banks or branches of foreign banks licensed to operate in Vietnam for the implementation of programs, projects, and non-projects for development support and humanitarian aid according to the laws of Vietnam.

Decree No. 58/2022/ND-CP comes into force as of November 1, 2022 and replaces Decree No. 12/2012/ND-CP.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMES

Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.

 

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