I. LAW ON RESIDENCE 2020 Major amendments in household and temporary residence registration from 01 July 2021 Law on Residence No. 68/2020/QH14 (the “Law on Residence 2020”) passed by the National Assembly, dated 13 November 2020, takes effect as of 01 January 2021. One of the most prominent features of the Law on Residence 2020 is the regulation on  replacing the manual method of residence management by household registration books, temporary residence books with electronic

I. DECREE NO. 47/2021/ND-CP Definition of contribution of capital, purchase of shares of other enterprises Decree No. 47/2021/ND-CP (“Decree 47”) dated 01 April 2021 providing guidances on several articles of the Law on Enterprises, takes effect as of 04 January 2021. Decree 47 specifies some features of the Law on Enterprises 2020 regarding the issues related to social enterprises, state-owned enterprises, groups of companies, defense and security

Following the latest legal updates on several issues regarding the COVID-19 pandemic, Victory LLC would like to provide some useful information about the procedures for applying for foreign workers’ visas and work permits during the COVID-19 pandemic.

I. DECREE NO. 135/2020/ND-CP Change in retirement age of employees as of 01/01/2021 Decree No. 135/2020/ND-CP (“Decree 135”) dated 18/11/2020 of the Government providing the regulations on retirement age under the Labour Code 2019, takes effect as of 01/01/2021. Under The Labour Code 2019, the retirement age of employees with normal working conditions is adjusted as follows: (i) reaching 62

As well as  the Law on Enterprise, the Law on Investment is also an important legal foundation for business activities, helping to orient the investment activities of both domestic and foreign investors (“Investors“). The lately amended and passed Investment Law ensures not only the consistency and unification in the implementation of investment incentives and supportive policies, but also the sustainable national economic growth, harmonizes social and environmental

PART I. GENERAL ASSESSMENT Law on Enterprise is one of the fundamental legal documents for business activities, regulates most matters related to enterprises. The lately amended and adopted Enterprise Law is an necessary step to expand the actual right of free trade of enterprises, to build the core principles for Vietnam to be more accessible

I. LAW ON TAX ADMINISTRATION 2019 Regulations on tax administration for e-commerce activities are stipulated for the first time Law on Tax Administration No. 38/2019/QH14 (“Law on Tax Administration 2019”) passed by the National Assembly on 13 June 2019, replacing Law on Tax Administration 2006 and Law on amending and supplementing several articles of the

At ninth session on 18 June 2020, the National Assembly passed the law on public-private partnership investment (“the PPP Law”), which takes effect as of 01 January 2021. This is the first time the state of Vietnam has promulgated a legal instrument specifically governing this form of investment.

On 17 July 2020, the Ministry of Industry and Trade issued Circular No. 18/2020/TT-BCT prescribing the development of solar power projects and model of the Power Purchase Agreement applicable to solar power projects (“Circular 18”), whereby providing further guidance on several regulations of Decision No. 13/2020/QD-TTg of the Prime Minister on incentives for development of