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[TAX UPDATE] Continuation of VAT Reduction from 10% to 8% for Certain Goods and Services until June 30, 2025

[TAX UPDATE] Continuation of VAT Reduction from 10% to 8% for Certain Goods and Services until June 30, 2025

On December 31, 2024, the Government issued Decree 180/2024/ND-CP, which outlines the policy of reducing value-added tax (VAT) in accordance with Resolution 174/2024/QH15. The key provisions are as follows:

31 January 2025

[TAX UPDATE] Regulations on Tax Registration Replacing Circular 105/2020/TT-BTC

[TAX UPDATE] Regulations on Tax Registration Replacing Circular 105/2020/TT-BTC

On December 23, 2024, the Minister of Finance issued Circular 86/2024/TT-BTC, which regulates tax registration and replaces Circular 105/2020/TT-BTC. The key changes are as follows:

31 January 2025

[LEGAL UPDATE] Responsibility for Submitting Reports on the Employment of Foreign Workers and Participation in Unemployment Insurance in January 2025

[LEGAL UPDATE] Responsibility for Submitting Reports on the Employment of Foreign Workers and Participation in Unemployment Insurance in January 2025

Pursuant to Official Letter No. 28950/SLĐTBXH-VL-ATLĐ dated November 18, 2024, and Official Letter No. 33338/SLĐTBXH-VLATLĐ dated December 30, 2024, the Department of Labor, War Invalids, and Social Affairs (DOLISA) requests that organizations and businesses operating in Ho Chi Minh City submit two reports during January 2025 as follows:

31 January 2025

Vietnam's Economics Highlights 2024

Vietnam's Economics Highlights 2024

2024 marks significant progress for Vietnam with outstanding achievements in foreign investment and high-tech development.

31 December 2024

[LEGAL UPDATE DECEMBER 2024] DECREE NO. 111/2024/ND-CP

[LEGAL UPDATE DECEMBER 2024] DECREE NO. 111/2024/ND-CP

On September 6, 2024, the Government promulgated Decree No. 111/2024/ND-CP regulating the National Information System and Database on Construction Activities (“Decree 111”). This is the first time Vietnam has issued a legal document comprehensively and specifically governing the development and management of the national information system and database on construction activities. This system will collect, store, manage, and share information on construction planning, construction investment projects, construction works, construction norms, construction costs, and other related activities. Decree 111 takes effect from November 1, 2024. 

31 December 2024

The overall picture of streamlining the organizational structure and reducing staff.

The overall picture of streamlining the organizational structure and reducing staff.

At the National Conference on the Review of Party Organizational Work in 2024, General Secretary Mr. To Lam announced Plan 141/KH-BCDTKNQ18 on streamlining the administrative apparatus, which is likened to the country's “Second Renovation”. This is an important step to implement Resolution 18-NQ/TW on renewing, rearranging and reorganizing the political system.

31 December 2024

Latest Developments in the US-China Tech War: China Launches Antitrust Investigation into Nvidia

Latest Developments in the US-China Tech War: China Launches Antitrust Investigation into Nvidia

Latest news on China’s retaliatory move: In this article, we will provide information on the following: 1. Who is Nvidia? 2. What is happening? 3. Details of the investigation 4. Nvidia’s response

31 December 2024

What Are Gallium and Germanium, and Why Are They So Important?

What Are Gallium and Germanium, and Why Are They So Important?

In the modern world of technology, materials like Gallium and Germanium play crucial roles, especially in the semiconductor industry. These two strategic materials are indispensable in the manufacturing of electronic devices, from smartphones to automation systems and artificial intelligence. Amid global trade tensions, China’s recent move to ban exports of these materials has raised serious concerns about the future supply chain.

31 December 2024

List of 12 prestigious law offices and firms in the city. Ho Chi Minh

List of 12 prestigious law offices and firms in the city. Ho Chi Minh

Below are the 12 most prestigious law offices in Ho Chi Minh City

31 December 2024

Where Does Vietnam Stand in the Semiconductor Race?

Where Does Vietnam Stand in the Semiconductor Race?

In recent years, Vietnam has emerged as an attractive destination for major technology corporations in the semiconductor industry. With advantages such as low labor costs, increasingly developed infrastructure, and strong government support, Vietnam is proving to play a crucial role in the global supply chain of this industry.

31 December 2024

ALTAS Featured in Article: Sustainable Investment Solutions for FDI Businesses in the Semiconductor and Electronics Industry

ALTAS Featured in Article: Sustainable Investment Solutions for FDI Businesses in the Semiconductor and Electronics Industry

The article discusses the FDI investment trend in Vietnam, especially in the semiconductor and electronics industries, amid global disruptions. ALTAS plays a key role in assisting FDI businesses with comprehensive legal advisory solutions, helping them overcome challenges and implement sustainable projects.

30 November 2024

DATA LAW 2024 UPDATE: KEY HIGHLIGHTS AND REGULATIONS

DATA LAW 2024 UPDATE: KEY HIGHLIGHTS AND REGULATIONS

On November 30, 2024, the National Assembly of Vietnam passed Data Law 2024 (Law No. 60/2024/QH15), which will take effect on July 1, 2025. This law establishes a robust legal framework for the governance, protection, and development of data in Vietnam.

31 January 2025

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