The EU-Vietnam Free Trade Agreement (EVFTA) was ratified by Vietnam’s National Assembly on June 8, 2020, under Resolution No. 102/2020/QH14 (Resolution 102), and will take effect on August 1, 2020. Among the IP provisions in the EVFTA (Chapter 12), some will be applied directly upon the effective date of the agreement, without any changes to the current domestic laws and regulations, while...

TM Law
Almost a year and a half after Myanmar enacted the Trademark Law 2019 on January 30, 2019, the same question still lingers in the minds of many brand owners and attorneys: “When will the Trademark Law come into force?” Despite rumors and speculation, the government has yet to fix a date for the law’s implementation. Ministry Mandate Since the law’s passage in 2019, the Ministry of Commerce,...

The National Assembly has ratified the EU-Vietnam Free Trade Agreement (EVFTA), which will cut or eliminate 99 percent of tariffs on goods traded between the two sides. The legislature on Monday also approved the EU-Vietnam Investment Protection Agreement. Up to 94.62 percent of lawmakers voted in favor of the EVFTA and 95.65 percent approved the EVIPA. Both agreements will possibly take...

The EU-Vietnam free trade agreement will increase Vietnam’s annual GDP growth by 0.1 percentage points and boost exports of various sectors, HSBC says. Vietnam’s National Assembly Monday ratified the EU-Vietnam Free Trade Agreement (EVFTA) which will cut or eliminate 99 percent of tariffs on goods traded between the two sides. It is set take effect in July. An HSBC release said that the...

Taxable Income
Vietnam’s lawmakers have approved a proposal to increase the minimum taxable income threshold by 22 percent to VND11 million ($479) starting July 1. This means that a person with an income of less than VND11 million per month will not have to pay personal income tax. The current threshold is VND9 million ($392). The threshold will increase by VND4.4 million ($192) for each dependent a person...