22 October

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Legal alert issue No.02| October 2021

Tax Exemption And Reduction Policies For Enterprises And Household Businesses Hit By The Covid-19 Pandemic On 19/10/2021, the National Assembly Standing Committee issued Resolution No. 406/NQ-UBTVQH15 (”Resolution 406”) promulgating a number of solutions to support enterprises, household businesses and trading individuals hit by the Covid-19 pandemic. Resolution 406 will take effect immediately from the signing date, 19/10/2021 with specific support policies as follows: Enterprises are entitled to a 30% reduction in corporate income tax payable in 2021 According to Article 1.1 of Resolution 406, enterprises are entitled to a 30% reduction in corporate income tax (CIT) payable in 2021 if the...

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20 October

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Guardianship and guardianship supervision

GV Lawyers would like to introduce to readers an article by Lawyer Le Quang Vy entitled: “Guardianship and guardianship supervision” published in Saigon Economic Times Issue No. 30-2021 (1,597) dated 22 July 2021. *** The fact that pop princess Britney Spears recently asked the Los Angeles Court, USA to remove her biological father's guardianship from her status as guardian of her health and property has once again stirred up social forums on guardianship. In Vietnam, there have been many disputes about guardianship, most of which are related to the management of the ward's assets. So what is the current law on guardianship? In...

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20 October

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Bank guarantee: Potential risks for enterprises

GV Lawyers would like to introduce to readers an article by Lawyer Do Duc Anh titled: “Bank guarantee: Potential risks for enterprises” published in Saigon Economic Times Issue No. 2021 (1,598), on 29 July 2021. *** “Bank guarantee” is guided by Circular 07/2015/TT-NHNN dated 25 June 2015 of the State Bank of Vietnam (Circular 07). This is a form of credit extension, whereby the guarantor commits to perform financial obligations on behalf of the guaranteed party when the obligee fails to perform or fails to fulfill the obligations committed to the guarantee recipient. But the reality is sometimes not so simple. Bank guarantees...

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20 October

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Legal Newsletter Issue No.10| October 2021

Dear Valued Customers and Partners, GV Lawyers would like to introduce you Legal Newsletter Issue No. 10, in October 2021 with the following main contents: In the " Latest legal information" section, we will keep you updated about the novelties on investment incentives, on the commercial activities via website accessed from Vietnam by foreign enterprises as well as the land rent reduction for those hit by the Covid-19 epidemic. In addition, you also need to be aware of the novelty on e-invoices that apply to enterprises. Next, the article “Is the legal instrument the key or the lock when it comes...

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15 October

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Allowing tech-based delivery drivers to resume their services – the story about the driver’s interests

GV Lawyers would like to present you an article by Lawyer Tran Huu Tien, titled “Allowing tech-based delivery drivers to resume their services - the story about the driver's interests” published in Saigon Economic Times, Issue No. 40-2021 (1,607) dated 30 September 2021. *** The Ho Chi Minh City Administration has allowed the tech-based shippers to resume their inter-district operations on condition of complying with a Covid test for every two days according to a combined sample of three people. Tech-based delivery vehicle companies have restarted services after weeks of social distancing. Tech-based delivery drivers look eager to apply for jobs to earn income...

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07 October

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Legal alert issue No.01| October 2021

On 01 October 2021, the Prime Minister issued Decision 28/2021/QD-TTg (“Decision 28/2021”) providing policies to support employees and employers affected by the COVID-19 pandemic, financed by the Unemployment Insurance (UI) Fund as follows: Financial support for employees who become unemployed due to COVID-19 a. Eligible employees: Employees who currently participate in unemployment insurance as of 30 September 2021. Employees who have stopped participating in UI due to termination of their labor contracts or working contracts in the period from 01 January 2020 to the end of 30 September 2021 with the period of UI participation being reserved. b. Non-eligible employees: Employees who...

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06 October

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Vessel ALICA

At 10:15, April 26, 2021, after loading 54 containers at Tan Cang Hiep Phuoc port, Ho Chi Minh City and preparing for a trip to Indonesia, the vessel Alica (Mongolian flag) lost its balance and then tilted sharply, dropping 18 containers of goods into the Soai Rap River ("Incident"). The Incident caused the traffic on the Soai Rap river to be interrupted during the rescue operarions, damaged a number of fenders at Tan Cang Hiep Phuoc wharf and caused several damages to the vessel itself. After being appointed, Global Vietnam Lawyers LLC (“GVL”) represented the ship owner working with the Port...

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06 October

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Recognised Leading Law Firm 2022 by Asialaw

On 16 September 2021, Asialaw Profiles handed down its most recent annual ranking of law firms, as posted on https://www.asialaw.com/Firm/global-vietnam-lawyers/Profile/1528#rankings. GV Lawyers was pleased and honoured to be ranked in a category of Corporate and Dispute Resolution in Vietnam by Asialaw 2022, the definitive guide to Asia's leading law firms and lawyers. Recommended Corporate and M&A And, Notable Dispute Resolution Asiawlaw's mention and appreciation for GV Lawyers is a pride and promotes its core development values to be further promoted in the context of economic challenges and difficulties. GV Lawyers believes in the vision and professionalism in its service attitude and is committed to...

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21 September

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Legal Newsletter Issue No.09| September 2021

Dear our valued Clients and Partners, GV Lawyers would like to introduce you Legal Newsletter Issue No. 09, in September 2021 with the following main contents: In the “Latest policies for businesses” section, we will keep you updated about policy on tax exemption for imports as a sponsorship for the prevention and control of Covid-19 pandemic, and on supporting trade union members and employees hit by the Covid-19 epidemic. In addition, we will keep you updated about the support for small and medium-sized enterprises. Next, the article “When prices dance” by Assistant Lawyers Nguyen Cong Duy Thong and Tran Thi Cam Van of GV Lawyers mentions that some individuals...

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13 September

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Legal alert issue No.02| September 2021

What Do Enterprises Benefit From Government Resolution 105? In an attempt to assist in the timely disentanglement of difficulties, obstacles and bottlenecks hindering production and business activities of enterprises hit by the Covid-19 pandemic, on 09 September 2021, the Government issued a Resolution 105/NQ-CP (Resolution 105) on supporting enterprises, cooperatives and business households in the context of the Covid-19 pandemic by enabling new policies that directly favor the production and business activities of enterprises. Enterprises may import vaccines and conduct self-testing for Covid-19 Enterprises are entitled to import vaccines; purchase biological products, testing equipment; self-test for employees and more importantly, the test...

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Author: ngocmai