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Author: Anh Quỳnh

Global Vietnam Lawyers > Articles posted by Anh Quỳnh

Legal Newsletter Issue No. 5 | May 2022

Dear Valued Customers and Partners, GV Lawyers would like to introduce you Legal Newsletter Issue No. 05, in May 2022 with the following main contents: We will keep you updated about the novelties on business and use of postal services, on amending and supplementing regulations on granting licenses to import films for non-commercial purposes. In addition, we will help you stay up to date on some solutions to speed up the progress and improve the quality of planning for the period 2021-2030 of Government in the " Update latest regulations" section. Next, the article “Project of the Law on Cinematography (amended)...

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M&A transactions: Noteworthy points when the legal framework changes

GV Lawyers would like to introduce the legal article of Mr. Tran Thanh Tung, a Partner of GV Lawyers titled "M&A transactions: Noteworthy points when the legal framework changes" published on Saigon Times dated 20 January 2021. *** (TBKTSG Online) - As opposed to the Competition Law 2004, there has been a major change in the way of controlling economic concentration in the Competition Law 2018. The Competition Law 2018 relies not only on market share criteria to assess the effect of economic concentration on competition but also on the overall effect - the effect of "significantly restraining competition". M&A from the perspective...

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Apartments cannot be used as hourly rental service

(Construction) - The Ministry of Construction receives recommendations from voters in Ho Chi Minh City sent by the Board of Volunteers through Official Letter No. 288 / BDN dated 24 July 2020 with the following content: “Voters recommend that the regulations on the use of apartments for the hourly, short-term rental service business should be reviewed, clearly explained along with imposing specific sanctions because at present, it is so hard to manage this type of lease that is subjected to much abuse in form of black spots involved in prostitution, drugs, and high-tech crimes ”. In this regard, the Ministry of...

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Four risks of a joint stock company manager

GV Lawyers would like to introduce the article of Lawyer Tran Thanh Tung titled "Four risks of a joint stock company manager" published on the Saigon Economic Times on 10 December 2020, No. 50.2020 (1,565 ). *** WHAT DOES THE HOUSEKEEPER “DO” WHEN THE HOMEOWNER IS AWAY? A joint stock company is built on the principle of separating the company’s ownership from its management rights. Shareholders (owners of the company) attend only once or twice a year the general meeting of shareholders and then dissolve. Between the general meeting of shareholders, all power is vested in the "housekeeper" who is the board of...

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Regulations on assets not eligible to be recognized as fixed assets, or intangible and special fixed assets managed by the Ministry of Justice

On 19/09/2019, the Minister of Justice issued Decision 2402/QD-BTP on the list, life cycle, and depreciation rate of the assets not eligible to be recognized as fixed assets, or intangible and special fixed assets managed by the Ministry of Justice. Particularly: Assets not eligible to be recognized as fixed assets Assets in one of the following two categories will be determined as not eligible to be recognized as fixed assets under the management of the Ministry of Justice: Assets (except houses, construction works and architectural objects) have a historical cost of VND 5 million to under VND 10 million and have a life...

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Legal Newsletter Issue No.04| April 2021

Dear Valued Customers and Partners, GV Lawyers would like to introduce you Legal Newsletter Issue No. 04, in April 2021 with the following main contents: In the "Notable News" section, we will keep you updated on guidance on electronic transactions in the tax sector; Decree 31/2021/ND-CP guiding the implementation of the 2020 Investment Law; instructions on implementing the Law on Investment in the form of public-private partnership; and worth noting is the new regulations on guaranteeing the performance of civil obligations. In the next "Article" section, we would introduce an article by Le Quang Vy, Partner of GV Lawyers,and Paralegal Vo Tran Hoang...

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Legal Newsletter Issue No.06| June 2021

Dear Valued Customers and Partners, GV Lawyers would like to introduce you Legal Newsletter Issue No. 06, in June 2021 with the following main contents: In the "Notable News" section, we will keep you updated about Guidance on value-added tax, personal income tax and tax management over business households and individuals; corporate income tax incentives for projects to manufacture supporting industry products; new regulations on the application of risk management in tax administration; and we will keep you updated about regulations on preliminary environmental impact assessment. Next, in the "Article" section, we would like to introduce an article by Lawyer Do Duc Anh...

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Sharing Economy – A Piece of The 4th Industrial Revolution or A New Form of Workers Squeezing

GV Lawyers would like to introduce an article by Lawyer Tran Huu Tien titled "Sharing economy – a piece of the 4th industrial revolution or a new form of workers squeezing" posted on website of Vietnam Lawyers Online on 10 December 2020. *** (LSVN) - Recently, a tax policy newly enacted has been attracting public attention, especially from those whose interests are directly related. Those are the persons/entities who take part in the business models that provide the partnership with operators of the technology platform connecting customers with service providers such as Grab, Now, Gojek, etc. Specifically, Decree 126/2020/ND-CP taking effect from...

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Regulations on management of construction investment costs

On 14/08/2019, the Government issued Decree 68/2019/ND-CP ( Decree 68) on the management of construction investment costs. Accordingly, Decree 68 regulates the costs which form the total construction investment, including the following costs: Compensation, assistance and resettlement costs: include compensation costs for land, houses, works on land and water surface; assistance amounts paid by the State for land recovery; resettlement costs; costs for removal of and payment for technical infrastructure items which have been constructed (if any). Construction costs: include construction costs of work items in a project; temporary works serving construction; costs of demolition of the works outside the scope of site...

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Guiding foreign exchange control for FDI activities

On 26 June 2019, the State Bank of Viet Nam issued Circular No. 06/2019/TT-NHNN on guiding foreign exchange control for foreign direct investment (FDI) activities. Accordingly, Circular 06 features some key points as follows: Foreign direct investment activities in Vietnam According to Circular 06, foreign direct investment activities in Vietnam include: Contribute investment capital; Open and use direct investment capital accounts in foreign currencies and in Vietnamese dong; Transfer money to conduct investment preparation activities; Remit capital, profits and lawful income overseas; and Transfer investment capital, and transfer investment projects. Entities entitled to open direct investment capital accounts Enterprises with foreign direct investment capital; Foreign investors engaging in business cooperation...

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