On 25th September 2020, the Government issued Decree 114/2020/NĐ-CP (“Decree 114”) elaborating Resolution of Corporate Income Tax Reduction ("CIT") approved by the National Assembly in the last May, retroactively effective from 03 August 2020.
On 01 October 2020, 5 interest rates simultaneously have been dropped for the 3rd time in 2020 according to Decision No. 1728/QĐ-NHNN (“Decision 1728”), Decision 1729/QĐ-NHNN (“Decision 1729”), Decision 1730/QĐ-NHNN (“Decision 1730”) of the State Bank of Vietnam.
Previously, Decree 119/2018/NĐ-CP and Circular 68/2019/TT-BTC outlined an itinerary for converting from paper bills into electronic invoices ("E-invoice"). Accordingly, from 1st November 2020, 100% enterprises in Vietnam must use E-invoice.
Approaching the international common practices on joint stock company governance related to the protection of minority shareholders, the Law on Enterprise 2020 which will be effective from 01/01/2021 will enhance the mechanisms to increase the rights of small shareholders in this type of enterprises.
The national business community is looking forward to the effective date of the Law on Enterprises 2020 which will take effect from 01/01/2021. Among a series of new points, the provision of removing procedures related to seal notification is the most widely mentioned content.
Many enterprises (specifically in the real estate sector) are still believing that making calls to advice, sending emails to offer or sending messages to self-introduce are the indispensable channels to approach their customers.