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2 main differences between Board of Members, General Meeting of Shareholders and Board of Directors in different corporate types - 2 khác biệt cơ bản của Hội đồng thành viên, Đại hội đồng cổ đông, Hội đồng quản trị trong các loại hình công ty

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  Enterprises of different corporate types have difference in managerial mechanisms in which Board of Members (BM), General Meeting of Shareholders (GMS) and Board of Directors (BD) always play very important roles. This article aims to analyze 2 basic differences in terms of their legal status and decision-making rights.   BM in LLCs, partnerships GSM in JSCs BD in JSCs Multiple-member LLCs Single-member LLCs Partnerships Legal status The supreme governing body of the company Designated by the company’s owner, perform the owner’s rights and obligations in the owner’s name; perform the company’s rights and obligations in the company’s name, except the rights and obligations of the Director/General Director; take responsibility to the law and the owner for his/her performance. Like those in single-member LLCs. Consist of all voting shareholders and is the s...
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All of 25 services and activities inaccessible to foreign investors in Vietnam - Toàn bộ 25 ngành nghề nhà đầu tư nước ngoài chưa được phép tiếp cận tại Việt Nam

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  Decree No. 31/2021/ND-CP, providing instructions for implementation of the 2020 Law on Investment in effect as of March 26, 2021, Contains the Appendix listing several services and activities subject to restrictions on foreign enterprises’ investment. Below is this list: 1. Trading goods and services on the list of commercial State monopolies.   2. Press and information gathering activities in any form.   3. Fishing or fishery production.   4. Investigation and security services.   5. Judicial administration services, including judicial expertise service, bailiff service, property auction service, public notary service, estate guardian service.   6. Sending employees to work abroad under employment contracts.   7. Investment in the construction of cemeteries and graveyards for transfer of rights to use land associated with their infrastructure   8. Household garbage collection service.   9. Public opinion polling (public su...
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Changing car colors by using decals: Is reissuance of car inspection certificates allowed? - Dán decal làm đổi màu xe: Có được làm lại giấy tờ đăng kiểm?

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  Sticking car decals is a usual need of the car owner. However, if the car owner wishes to stick a decal in different color than the original one and the decal covers a large part of the car body, can that owner be granted reissued inspection certificate for his/her car? In fact, this is an easy question. According to regulations laid down in the Circular No. 70/2015/TT-BGTVT , inspection certificates (register certificates) will become invalid in the following cases:   - Motor vehicles have already obtained new inspection certificates and stickers.   - Already receiving loss declarations from car owners   - Already receiving recall notices from register units   - Motor vehicles are involved in any accident to the extent that they fail to meet prescribed quality, technical and environmental safety requirements.     - Actual technical parameters of cars are not consistent with those shown on inspection certificates.   Whenever car driv...
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Latest policy: Recommended recipients and delivery schedule of COVID-19 vaccine in Vietnam during 2021

  After assessment and approval of the first vaccine protecting against Covid-19 to be delivered in Vietnam, the Ministry of Health issues the Decision No. 1210/QD-BYT , approving the Plan to receive, preserve, allocate and use COVID-19 vaccines secured through the COVAX Facility for the 2021-2022 period. In this Plan, the recommended vaccine delivery schedule in 2021 is informed. This schedule is shown in the Appendix I to the Decision No. 1210 as follows: 1. 1 st Quarter/2021: - Quantity:  Approximately 1.2 million of doses for about 600,000 persons. - Beneficiaries: No. Prioritized population Estimated number of persons Vaccination rate Number of recipients 1 Health workers 500,000 0.95 475,000 2 Staff engaged in disease prevention and control activities 116,000 0.95 110,200 Total 616,000 ...
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Are individuals and enterprises permitted to import Covid-19 vaccines for private use?

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  Currently, the State has licensed Covid-19 vaccines for use within the territory of Vietnam. Because of wishing to urgently vaccinate their employees, many enterprises have imported Covid-19 vaccines at their discretion for their own use. However, is this allowed?   The Resolution No. 21/NQ-CP , issued on February 26, 2021, regulates the purchase and use of COVID-19 vaccines.   As per regulations laid down in clause 7 of Article 4 in this Resolution, the State encourages competent entities to organize voluntary vaccination if they have demands and can pay for vaccination at their own expense.   Organizations, units and enterprises are allowed to use funds within the recurrent expenditure estimates covered by the law on state budget or operating funding sources as prescribed by laws or operating expenditures prescribed by laws or recorded as deductible expenses for determination of taxable income according to the corporate income tax law, in order to vaccinate...
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Schedule of submission of tax returns in 2021

    When 2020’s final months are drawing on, it's high time for company’s accountants to be informed on time of new regulations on the schedule of submission of tax returns in the next year to update them on this schedule, ensuring that their tasks are completed and helping enterprises duly discharge and fulfill their obligations to file tax returns.      Below is the schedule of submission of tax returns in 2021. Month Deadline Types Legal bases Jan. 20/01 - Forms of declaration of VAT arising in Dec., 2020 - Forms of declaration of VAT arising in Dec., 2020 (if any) Point a of clause 1 of Article 44 of 2019 Law on Tax Administration - Reports on use of invoices arising in Dec., 2020 Article 27 in Circular No. 39/2014/TT-BTC 30/1 ...
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What are differences between wage/salary and income? - Lương và thu nhập khác nhau như thế nào?

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  Most people still feel confused about these two definitions. After reading this article, readers may find significant differences between wage/salary and income of a person.   Both wage/salary and income are earned by the provision of labor. So, let's see regulations of the 2012 Labor Code currently in force regarding the compensation package that a worker or employee can receive by providing his/her labor:       “Article 90. Wage/salary        1. Wage/salary refers to a sum of money that an employer pays a worker or employee for an agreed-upon work.        Wage/salary includes the work or title-based pay rate, allowances and other supplemental benefit package.        …”   Therefore, whenever a labor relationship between 2 persons, including 1 employers and 1 employee arises, wage/salary will be deemed as a sum of money “swapped” for an employee’s labor and paid by an employer...
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