With a view to further improve the regulatory framework for investment and businesses, and to make Vietnam a more attractive investment destination, on 17 June 2020, the National Assembly of Vietnam has passed Law No. 61/2020/QH14 on Investment (the “New Investment Law”) and Law No. 59/2020/QH14 on Enterprises (the “New Enterprise Law”), which both will come into effect on 1 January 2021 and respectively replace Law No. 67/2014/QH13 on Investment (the “Current Investment Law”) and Law No. 68/2014/QH13 on Enterprises (the “Current Enterprise Law”).
We would like to introduce to you the “Tax Newsletter – July 2021” provided by IC&Partners Vietnam in order to help you update information on the change of law related to business activities. We hope that Tax Newsletter will be helpful for you.
We would like to introduce “Law Bulletin” from ATS Law Firm – A monthly publication providing the legal updates of Vietnam and striking features relating to your business.
ADVISORY: In view of the ongoing COVID-19 situation in Vietnam, the Embassy of India in Hanoi has been in regular touch with authorities in Government of Vietnam as well as with local Government authorities to facilitate early vaccination of Indian nationals living in Vietnam. The Embassy is also assisting INCHAM in exploring options available presently for vaccination of Indian nationals in Vietnam.
By 2030, India might lead the world in every category, a former top America's diplomat has said asserting that the two largest democracies of the world can do much together.
Several pharmaceutical firms in India have committed to supplying some one million doses of Remdesivir, a Covid-19 antiviral, to Vietnam within the next 30 days.
Vietnam’s upcoming power development plan is set to scale up its trajectory towards clean energy. Experts say the plan’s success will depend on energy planners’ ability to integrate renewables into the power system.