Author Archives: DNC Lawyers

New businesses are granted license tax exemption for their first business year

This is one of the highlights of the Decree No. 22/2020/ND-CP on amendments and supplements to the Decree No. 139/2016/ND-CP regulating license tax. This Decree adds more individual or institutional applicants are eligible for exemption from license tax obligations for the first year of their establishment, production or business (from January 1 to December 31 […]

Project owners have to pay up to 1 billion dong in fines for late submission of documents required for application for buyers’ house ownership certificates

The Government has promulgated the Decree No. 91/2019/ND-CP prescribing administrative penalties for violations arising in the land and real estate sector. As prescribed by law, within the maximum duration of 50 days from the date of handover of apartments to buyers, project owners must file requests for Certificates issued to buyers, except as buyers file […]

VN Transport Ministry opens bids on five PPP projects for North-South Expressway

The Ministry of Transport has approved bidding documents for five component projects of the North-South Expressway to be implemented under the public-private partnership (PPP) format. Project management boards will inform the short-listed investors from July 16-20, who will then have 60 days to prepare bids. The ministry will negotiate and sign contracts with investors in […]