On April 6 2020, Minister of Ministry of Trade and Industry (MOIT) signed the Decision 1079/QD-BCT on investigating and applying anti-dumping measures to some products made of polyester filament yarns originated from People’s Republic of China, Republic of India, Republic of Indonesia and Malaysia. Related parties may by themselves or authorize to experienced law firm … Read More
From March 2016, MSG product imported into Vietnam has been imposed trade remedies according to petition of Vedan Vietnam Enterprise Corp.,Ltd. Safeguard duty adding to import tax rate is imposed on additional levels converted into 4.33 million dong/ton from the first year and descending only 3,2 million dong/ton by 2020. From March 25th, 2020, imported … Read More
DAP and MAP is complex inorganic fertilizers, with main component of nitrogen and phosphorus, whose function of lining, dressing crops and production of NPK fertilizer. On March 31st, 2017, Ministry of Industry and Trade (MOIT) received Dossier requesting to apply the safeguard measures on DAP and MAP fertilizer. Requesting Party is DAP Vinachem Joint Stock … Read More
On Nov 07th, 2019, Trade Remedies Authority of Vietnam (Investigating Body) received Dossier of request from companies representing the domestic industry (Requesting Party). The Dossier requests for investigation of the application of anti-dumping measures on long-fiber products made from polyester (PFY) originating from China, India, Indonesia and Malaysia from companies representing the domestic industry (Requesting … Read More
Welding material is one of the most important industrial auxiliary sector, which is indispensable to fields such as: shipbuilding, cars and motorbikes production, other electronic industries. In the first 7 months 2019, Ministry of Industry and Trade carried out examination dossiers of 3 cases, one of them is dossier requesting to investigate to apply anti-dumping … Read More
The result of anti-dumping investigation into galvanized steel originating from China, Korea imported into Vietnam was issued on Mar 6th, 2017 after one year of investigation. Ministry of Industry and Trade has informed about the final finding of anti-dumping investigation into Galvanized Steel exported to Vietnam from China, and Korea. Accordingly, on March 3rd, 2017, … Read More
The Ministry of Finance is drafting a report submitting to the Government on the implementation of Resolution 35/2016 of the Government on a number of solutions to remove difficulties and tax obstacles for small and medium enterprises. Accordingly, the Ministry is expected to submit two plans to prepare for comments of the Parliament at the … Read More
Implementation of Agreement on ASEAN Japan Comprehension Economic Partnership (AJCEP) and Vietnam Japan Comprehension Economic Partnership (VJCEP), Ministry of Finance issued Circular No. 02 20/2012/TT-BTC and Circular No. 21/2012/TT-BTC dated 15.02.2012 giving instructions on the new special preferencial import tariff. Accordingly, from the date of Apr 1st, 2012, import tax of products such as electronics, refrigerators, … Read More
Foreign investors whom set up company in Vietnam always face challenges to understand the tax system in Vietnam. The below briefly explains type of taxes in Vietnam for regular enterprises. In special cases, foreign enterprises are suggested to consult with tax lawyers in Vietnam before establishment and during the operation to ensure compliance Major taxes which enterprises including both … Read More
Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended andsupplemented under Resolution No. 51/2001/QH10; The National Assembly promulgates the Law on Enterprise Income Tax. Chapter I GENERAL PROVISIONS Article 1.- Governing scope This Law provides for enterprise income taxpayers, taxable incomes, tax -exempt incomes, tax bases, tax calculation methods, and … Read More
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