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IS THE COMPANY REQUIRED TO HAVE A CHIEF ACCOUNTANT?

I. Legal Basis Accounting Law 2015 Decree 174/2016/ND-CP Decree 41/2018/ND-CP II. Is it mandatory for a company to have a chief accountant? Companies are required to have a chief accountant. If they have not found a qualified person for the …

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Recognition of South Korean Driver’s Licenses in Vietnam from 2024

Decision 163/QD-TTg 2024 approving the Plan for implementing the Agreement on mutual recognition of international driving licenses between Vietnam and the Republic of Korea stipulates the organization of the implementation of the Agreement as the content in this article. Let’s …

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CONTRACTS FOR SERVICES

I. Service Contracts under the 2015 Civil Code The 2015 Civil Code provides a comprehensive legal framework for the conclusion, performance, and resolution of disputes related to service contracts. Article 513 of the Code defines a service contract as an …

TEMPORARY SUSPENSION OF EXIT WHEN TAX OBLIGATIONS ARE NOT FULFILLED

Fulfilling tax obligations is a fundamental responsibility of all citizens and organizations in Vietnam. In certain cases, failure to comply with tax obligations can lead to administrative measures to ensure compliance. One such measure is the temporary exit suspension for …

CONDITIONS FOR APPOINTMENT OF A CHIEF ACCOUNTANT WHO IS A FOREIGNER

Appointing foreign chief accountants in Vietnam has become a growing trend amid international integration and increased foreign investment. However, not everyone can easily assume this position. According to Vietnamese laws, specifically the Accounting Law 2015 and Decree No. 174/2016/ND-CP, the …

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REGULATIONS ON VISA EXEMPTION CERTIFICATES

I. Dossier for Visa Exemption Certificate Application Applicants for a visa exemption certificate must prepare and submit a complete dossier according to the regulations for review and approval by the relevant authorities. Accurate preparation of the dossier and full compliance …

WHAT IS UNEMPLOYMENT INSURANCE?

I. Definition of Unemployment Insurance According to Article 3 of the 2013 Employment Law, unemployment insurance is a system designed to support workers when they lose their jobs by partially compensating their income. This is not just financial support but …

LIST OF PREFERRED INVESTMENT SECTORS

The list of preferred investment sectors is a crucial component of many countries’ investment policies, including Vietnam. This list identifies industries and fields that the government encourages and provides incentives for, aiming to foster economic development, improve living conditions, and …