In June 2018, Vietnam passed a new Competition Law, replacing the 2004 version of the law. The new law which focuses on competition restraining agreements, market dominance, economic concentration, and unfair practices, will be in effect from 1 July 2019.
Scope of the law
The new Competition Law has expanded its...
On 8 May 2017, a new Pharmacy Decree detailing articles and measures to implement the Law on Pharmacy was promulgated by the Government and is scheduled to take effect from 01 July 2017. Published under the title Decree 54, this is the first of many decrees and circulars that...
The Vietnamese government has issued Decree 69/2018/ND-CP (“Decree 69”) to regulate the temporary import and re-export of goods in Vietnam. The two major stipulations focus on Vietnamese traders processing goods for foreign merchants and the time limit for temporary import and re-export of goods. Decree 69 is already in...
Vietnam recently announced new rules governing the management of medical devices.
From January 1, 2019 – all medical devices sold in Vietnam will require approval by local authorities. Previously, the assessment of the risks and classification of medical devices by international qualified bodies were recognized by the government of Vietnam.
Government...
Viet Nam’s Ministry of Industry and Trade (MOIT) approved an agreement easing restrictions on rice exporters. Under the previous regulation, the maximum number of rice exporters was capped at 150, who were all required to meet certain standards on storage and factories. Companies holding licenses to export rice were required to...
Vietnam’s Ministry of Industry and Trade has just released Circular No.39/2018/TT-BCT (“Circular 39”) providing guidance on the procedures for inspection and verification of origin of exported goods before and after the issuance of certificates of origin (C/O).
Circular 39 will come into effect on December 14 and includes two forms...
On August 23, 2018, Vietnam issued Decree 108/2018/ND-CP on business registration, which amended the previous Decree 78/2015/ND-CP. Decree 108 has simplified the procedures for business registration and will be in effect from October 10, 2018.
New provisions
Company stamp
A new clause has been added under Article 4, according to which enterprises...
In 2017, the Vietnamese government passed numerous laws which are going to come into effect in 2018. The laws primarily focus on sectors such as banking, agriculture, trade, and tourism. Most of the laws aim at improving the investment climate and reducing complexities in doing business in the country.
Laws in...
By continually issuing favorable policies and incentives aimed at attracting inflows, and deciding to decrease the country’s corporate income tax levels to 20 percent from January 1, 2016, it is clear that Viet Nam’s government is intent on taking a proactive approach to foreign direct investment. Enterprises and individuals...
In 2018, the Vietnamese government passed several new and amended laws which are going to come into effect in 2019. The laws primarily focus on wages, environmental projects, food industry, rural development, cybersecurity, and administrative procedures.
Labor
Minimum Wage
According to Decree No. 157/2018/ND-CP, the regional minimum wage in Vietnam as of January...