Frasers Newsletter Edition 8, 2011
8 November 2011
In this edition, we report on a new circular guiding the management of foreign currency in the context of international corporate bonds, a financing method increasingly being used by Vietnamese domiciled enterprises.
We also provide a brief overview of the regulations governing the purchase of corporate bonds by credit institutions.
You will also see an article about implementing legislation for the establishment of domestic and foreign arbitration centres in Vietnam, which provides substance to the legislation promised by the Law on Commercial Arbitration.
We review reductions in corporate income tax and personal income tax for certain business sectors.
Finally, we discuss further implementing legislation for Decree 15 on the issue of Government Guarantees detailing the sectors prioritised for allocation of such Guarantees.