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5 types of Insurance Policies according to the Law on Insurance Business 2022 of Vietnam

This is the considerable content in the Law on Insurance Business 2022, approved at the 3rd meeting of the 15th National Assembly of Vietnam on June 16, 2022.

Data on tax upon transfer of off-plan property

On June 29, 2022, the Government of Vietnam promulgated Decree No. 44/2022/ND-CP on development, management and use of the system of information on housing and real estate market.

Amendments to Vietnam Aviation Regulations concerning aircraft

The Minister of Transport promulgated Circular No. 11/2022/TT-BGTVT dated June 29, 2022 amending Vietnam Aviation Regulations (VARs) concerning aircraft and operation of aircraft.

The Vietnam General Confederation of Labour provides guidelines on annual overtime hours

This is the content of Official Dispatch No. 4359/TLD-QHLD in 2022 on guidelines for the implementation of Resolution No. 17/2022/UBTVQH15 on overtime hours promulgated by the Vietnam General Confederation of Labour.

General Department of Taxation of Vietnam implements Decree No. 34/2022/ND-CP on tax deferral

On June 23, 2022, the General Department of Taxation of Vietnam promulgated Official Dispatch No. 2194/TCT-KK on implementation of Decree No. 34/2022/ND-CP on tax deferral.

Amendments to regulations of Vietnam on issuance of invoices when reducing VAT to 8%

On June 20, 2022, the Government of Vietnam promulgated Decree No. 41/2022/ND-CP on Amendments to Decree No. 123/2020/ND-CP on invoices and records and Decree No. 15/2022/ND-CP on the policy on VAT reduction from 10% to 8%.

New regulations of Vietnam on interest rates on premature withdrawal of deposits

On June 16, 2022, the State Bank of Vietnam promulgated Circular No. 04/2022/TT-NHNN on the application of interest rates on premature withdrawal of deposits from credit institutions and foreign bank branches.

Trained employees in Vietnam still receive 7% more than minimum wages

This is a content of Official Dispatch No. 2086/BLDTBXH-TLDLDVN dated June 17, 2022 implementing Decree No. 38/2022/ND-CP on minimum wages.

From 2023, the higher entrance exam scores, the lower bonus points in Vietnam

The Minister of Education and Training of Vietnam has promulgated Circular No. 08/2022/TT-BGDDT dated June 06, 2022 on university and college admission in the preschool education major.

Employees in Vietnam still receive rent support during maternity leave or sick leave

This is a content of Official Dispatch No. 410/CVL-TTLD dated June 08, 2022 of the Employment Department of Vietnam on the implementation of policies on rent support for employees according to Decision No. 08/2022/QD-TTg of the Prime Minister of Vietnam.

Simplification of applications for issuance of inland water transport licenses in Vietnam

On June 16, 2022, the Minister of Transport of Vietnam promulgated Circular No. 08/2022/TT-BGTVT amending Circulars related to marine business.

Addition of methods for online registration of issuing land use right certificates upon purchasing off-plan property in Vietnam in the near future

This is a content of Decision No. 721/QD-TTg dated June 16, 2022 of the Prime Minister of Vietnam approving the plan to reduce and simplify regulations related to business activities under the State management of the Ministry of Natural Resources and Environment.

Addition of 9 master’s majors from July 22, 2022

This is a remarkable content of Circular No. 09/2022/TT-BGDDT on the List of higher education majors promulgated on June 06, 2022 by the Minister of Education and Training of Vietnam.

Violation signs in invoice management in Vietnam

On June 01, 2022, the General Department of Taxation of Vietnam promulgated Official Dispatch No. 1873/TCT-TTKT on strengthening the review and examination to detect taxpayers prone to commit acts related to invoices and prevention of tax refund fraud.

Statutory minimum wages applied from July 01, 2022

On June 12, 2022, the Government of Vietnam promulgated Decree No. 38/2022/ND-CP on statutory minimum wages paid to employees working under employment contracts applied from July 01, 2022. Below are monthly and hourly minimum wages in 4 regions as follows:

Charter capital to be maintained by credit institutions by 2025 in Vietnam

On June 08, 2022, the Government of Vietnam promulgated Decision No. 689/QD-TTg approving Project "Restructuring of the system of credit institutions in association with settlement of bad debts in the period of 2021-2025”.

Procedures for receiving and processing information about radiation and nuclear incidents in Vietnam

On June 07, 2022, the Minister of Science and Technology of Vietnam promulgated Circular No. 08/2022/TT-BKHCN on economic-technical norms for public services using the state budget in response and handling of radiation and nuclear incidents; etc.

Use of electronic invoices for exports in Vietnam

On June 03, 2022, the General Department of Customs of Vietnam promulgated Official Dispatch No. 2054/TCHQ-GSQL on using e-invoices for exports.

Promulgation of Product specific rules (HS 2017) according to Agreement VKFTA

On June 01, 2022, the Minister of Industry and Trade of Vietnam promulgated Circular No. 09/2022/TT-BCT amending Circular No. 40/2015/TT-BCT on implementing Rules of origin under the Viet Nam-Korea Free Trade Agreement (VKFTA).

Regulations on deadlines for issuance of C/O old Form D in Vietnam

The Minister of Industry and Trade of Vietnam promulgated Circular No. 10/2022/TT-BCT on June 01, 2022 amending the Circular on implementing rules of origin of products under the ASEAN Trade in Goods Agreement (ATIGA), including regulations on deadlines for issuance of C/O old form D.

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