Vietnam Law Guide

2010 3
1
Copyright (C) 2010 JETRO. All rights reserved.

Law No. 33/2005/QH11 Civil Code dated 14 June 2005...................................................6
Law No. 36/2005/QH11 on Commerce dated 14 June 2005 ................................................9
Law No. 60/2005/QH11 on Enterprises dated 29 November 2005......................... 11
Law No. 27/2004/QH11 on Competition dated 3 December 2004 .................................14
Law No. 59/2005/QH11 on Investment dated 29 November 2005 .........................18
Law No. 42/2005/QH11 on Customs dated 14 June 2005 ..............................................24
Ordinance No. 28/2005/PL-UBTVQHII on Foreign Exchange

Control dated 21 December 2005 ...................................................................................................28
Law No. 24/2004/QH11 on Civil Procedure dated 15 June 2004 ...........................30
Law No. 21/2004/QH11 on Bankruptcy dated 15 June 2004 .........................................34
Law No. 15/1999/QH10 Penal Code dated 21 December 1999 ......................................37
Law No. 55/2005/QH11 on Anti-Corruption dated 29 November 2005 .................41
Ordinance No. 39/2001/PL/UBTVQH10 on Advertising dated 16 November

2001 ................................................................................................................................................45
Law No. 20/2004/QH11 on Credit Institutions dated 15 June 2004 .......................47
Law No. 70/2006/QH11 on Securities dated 29 June 2006 ............................................50
Law No. 24/2000/QH10 on Insurance Business dated 9 December 2000 ..................53
Law No. 51/2005/QH11 on Electronic Transactions dated 29 November 2005 .....54
Law No. 50/2005/QH11 on Intellectual Property dated 29 November 2005 ..........57
Labor Code dated 2 March 2007.....................................................................................64
Law No. 05/2007/QH12 on Product and Goods Quality dated

21 November 2007..........................................................................................................................69
Law No. 52/2005/QH/11 on Environment Protection dated 29 November 2005 ...73
Law No. 14/2008/QH12 on Corporate Income Tax dated 3 June 2008 ......................76
2
Law No. 13/2008/QH12 on Value-Added Tax dated 3 June 2008 ......................79
WTO ..................................................................................................................................83
Q&A
(a) M&A ................................................................................................................86
(1)

(b) ..............................................................................................................................90
(1) US

(2)

(3)

(c) ..............................................................................................................................................93
(1) 6
50

(2)

(3) 24

(4)

(d) ..............................................................................................................................97
(1) FTAASEAN FTA

FTA

3
(2) EPZVAT

(e) ............................................................................................................................ 100
(1)

(2)
(3)

(f) .................................................................................................................................... 102
(1)

(g) ............................................................................................................................................ 104
(1)

(2)
(3)

(4)

(h) ............................................................................................................................................ 108
(1)

investment certificate

(2)
Decree 23Decree 90Circular 5Circular 9 Decision 10

(3) on the spot export/import

commission agreement

(4)
4
(5)
(i) ............................................................................................................................................... 113
(1) thin capitalization rule

(2) advertising expenses

promotion expenses

marketing expenses
(j) .................................................................................................................................... 114
(1)

(2)

(k) ........................................................................................................................................ 117
(1)
(2) A B

(3) M 50
M N
M
(l) ............................................................................................................................................ 120
(1)
(m) ................................................................................................................................ 121
(1) Chairman of the Board of Member

President

5
CIVIL CODE
No. 33/2005/QH-11Law No. 33/2005/QH-11

2005 6 14
2006 1 1
Peoples Supreme CourtBoard of Justices

2005
Resolution No. 03/2006/NQ-HDTP
Resolution No. 03

2006 Decree No. 163/ND-CP

Decree

No. 163
2006
Decree No.
100/2006/ND-CPDecree No. 100

2009
Decree No. 47/2009/ND-CPDecree No. 47

2006
Decree No. 138/2006/ND-CP
Decree No. 138

1.
7 777

2.
3.
socio-political organizationscollective ownership

private
ownershipsocio-professional organizations
combined and common ownership
6
4.
Resolution No. 03
3
pledgemortgageguaranteesecurity deposit
escrow depositperformance bondfidelity guarantee
Decree No. 163
5.
6.
5 land use rights
7.
6
Law on Technology Transfer
Decree No. 100 Decree No. 47
8.
7

Decree No. 138
8
LAW ON COMMERCE
No. 36/2005/QH11 on CommerceLaw No.36/2005/QH11 on Commerce

2005 6 14 2006 1 1
1.
2006 7 25 Decree No.

72/2006/ND-CPDecree No.72
2006 6 12

Decree No.59

2006 4 4
Decree No. 37/2006/ND-CPDecree No.37

2.
(i)
(ii)
9
(iii)
(iv)
(v)
(vi)
3.
10
ENTERPRISE LAW
No.60/2005/QH11Law No.60/2005/QH11 on Enterprise

2005 11 29 2006 7 1
2007 9 5
Decree No.139/2007/ND-CPDecree No.139

2006 11 29 WTO
Resolution No.71/2006/QH11
Resolution No.71

2006 9 21 Law on Investment

Investment Certificates
Decree No.101/2006/ND-CP
Decree No.101

2006 10 19
Decision No.1088/2006/QD-BKHDecision No.1088

2006 8 29
Limited liability company with single member
Limited liability company with two or more members
Joint stock company
Partnership company
Private enterprise
Economic Conglomerate1
Corporate Group2
1.
1

149
2

146 1
11

2.
12

3.
30
13
COMPETITION LAW
No. 27/2004/QH11Law No. 27/2004/QH11 on Competition

2004 12 3 2005 7 1

Decree No.116
116/2005/ND-CP


1.
2.
Vietnam Competition Administration

Department
11 15
Competition Council
3.
3.1
14

30
3.2
30
50

65

75

15

3.3
economic concentration
merger
consolidationacquisitionjoint venture
50
30 50
4.
10
16

5.
multi-level sales
6.
17
INVESTMENT LAW
No. 59/2005/QH11Law No. 59/2005/QH11 on Investment

2005 11 29 2006 7 1
2006 9 22
2006 9 21 Law on Enterprise

Investment Certificates
Decree No.101

2006 10 19
Decision No. 1088/2006/QD-BKH
Decision No.1088

1.
2.

18

3.
100
Business Cooperation ContractBOT Contract

BTO ContractBT Contract
4.
51
3

10
202 4 4 9 50

economic organization

3
51
19

150 3,000
150
3,000
15
Decree No.108 Decision No.1088
4
5.
3,000
30 45
Decree No.108 Decision No.1088 5
6.
Business Registration Certificate

50
70
4
Decree No.108 43 44 Decree No.1088 I-XVI
5
Decree No.108 45 49 Decree No.1088 I-XVI
20

6
7
6
Decision No.101 9
7
Decision No.101 9
21
22
23
CUSTOMS LAW
No. 29/2001/QH10Law No. 29/2001/QH10 on Customs

2001 6 29 2002 1 1 2005 6
14 No. 42/2005/QH11Law No. 42/2005/QH11 on Customs
(i) (ii)
(iii)
customs valuation ASEAN

free trade agreementrules of origin
free trade zones

supply chain management
2005 12 15

2007 6 7
Decree No.
2009 2 18 Decree No.97

Decree No.18

2009 4 20 Ministry of Finance

Tax Administration Circular
Circular No.79
No.79/2009/TT-BTC
2009 11 25 pilot
E-customs Procedures Circular No. 222/2009/BTC
Circular
No.222
2006 5 15 General Department of Customs

Decision
No. 874/QD-TCHQDecision No.874

24
1.
declaration form commercial invoices

import/export permitstype approvals

certificates of originbills of lading8
2.
customs declarant
30
8 10
customs
classification code of the goodsunit
customs value
11
e-customs procedure
12
13
8
22 Decree No.154 7 Circular No.79 11
9
Decree No.154 7
10
Circular No.79 10.1
11
Decree No.154 8
12
Decision No.222
13
Decision No.222 3.1 6.1
25

14
Green Lane

Yellow Lane

Red Lane

15
16
entrepots
free trade zonesbonded warehouses
duty free warehouse
3.
17
General Director of General

Department of Customs the directors of provincial Customs
DepartmentsInspection Notice
18

19appeal process
14
Decision No.874 2 1 1
Point 1, Step 1, Section II, Regulation on Customs Procedures Applicable to Commercially Imported or Exported
Goods
15
Decision No.874 2 1 2
Point 2, Step 1, Section II, Regulation on Customs Procedures Applicable to Commercially Imported or Exported
Goods
16
25.2 Decree No.154 12.3
17
Circular No.79 148
18
Circular No.79 146 149.2 (a)
19
Circular No.79 149
26

20
21 60
20
Circular No.79 149.4 (d)(e)
21
Decree No.18 Decree No.97 5 6
27
ORDINANCE ON FOREIGN EXCHANGE
CONTROL
No. 28/2005/PL-UBTVQH11Ordinance No. 28/2005/PL-UBTV

QH11 on Foreign Exchange Control2005 12 21
2006 6 1
2006 12 28
Decree No.160

1.
State Bank of Vietnam
2.
Decree No.160
3.
4.
Decree No.160
28
5.
29
CIVIL PROCEDURE CODE
No. 24/2004/QH11Law No. 24/2004/QH11 on Civil Procedures

2004 6 15
2005 3 31 Supreme Peoples Courts Judicial

Council Resolution
No.01/2005/NQ-HDTPResolution No. 01
2005 9 17
Resolution No.04/2005/NQ-HDTP
Resolution No. 04

2005 4 27
Resolution No. 02/2005

2006 5 12
Resolution No.02/2006/NQ-HDTPResolution No. 02/2006

2006 8 4
Resolution No.05/2006/ NQ-HDTPResolution No. 05

Inter-Circular No.03/2005/TTLT-
VKSNDTC-TANDTCInter-Circular No. 03
1.
Authorized Person(s)
Letter of Authorization
30

2.
The Supreme Peoples Court
Provincial Peoples Courts
District Peoples Courts
3.
31
4.
1 2 peoples assessors
local Peoples Committee

secretary of the court
5
5.
6.
32

33
BANKRUPTCY LAW
No. 21/2004/QH11 on Bankruptcy

Law No.21/2004/QH11 on Bankruptcy

2004 6 15 2004 10 15

2009 2 6

2008 11 3
Decree No.
2005 4 28
Resolution No. 03/2005/NQ-HDTPResolution No.03

single-member limited liability company

multi-member limited liability companyjoint stock company
partnership company100
22
Decree No.114
23
1.
22
Resolution No.03 1.1
23
3
34
2.
24
25
26
27
Committee for Management and

Liquidation of Assets
3
28

29
30
31
32
Civil Procedure Code

33
State Bank of VietnamDecree No.05
24
7
25
13 18
26
21 Resolution No.03 II 1
27
51
28
43 55
29
31.3
30
VI II
31
37
32
VII
33
91 92
35
.34Decree No.10
Civil Code35Enterprise Law36
34
93
35
618 622
36
70 72 159 165
36
PENAL CODE
No.15/1999/QH10Law No.15/1999/QH10 1999 12 21

2009 6 19 No.37/2009/QH12Law No.37/2009/QH12

24 344 10 10
a dangerous act committed intentionally or unintentionally by a person having the capacity for
penal liability
2000 8 4
Judge Council of the Supreme People Court
Resolution No.01/2000/NQ-HDTPResolution No.01/2000

2001 3 15 139 193 194 278 279 289

Resolution
Resolution No.01/2001
No.01/2001/NQ-HDTP
2003 4 17
Resolution No.02

2006 5 12
Resolution No.01/2006/NQ-HDTP Resolution
No.01/2006
1.
Less serious crime

3
Serious Crime

7
Very serious crime

15
Particularly serious crime

15
37
2.
16
14 16
3.
10
15
20
4.
38

5.
276
39
6.
40
ANTI-CORRUPTION LAW
No. 55/2005/QH11Law No.55/2005/QH11 on Anti-Corruption

2005 11 29
Organization for Economic Co-operation and Development Bribery

ConventionUN Convention Against Corruption
2009 6 30
2007 8 4
Law No. 01/2007/QH12
2006 10 20 Decree No. 120/2006/ND-CP
2007 5 10

Decision No. 64/2007/QD-TT
1999 12 21 2000 7 1
Penal CodeLaw No. 15/1999/QH10

1.
12 7
41

2.
Peoples Army
Peoples Police

6 7
200 111US
200
3.
42

12
4.
5.
43

200

200

6.
44
ORDINANCE ON ADVERTISING
No. 39/2001/PL/UBTVQH10Ordinance No.39/2001/PL/UBTVQH10 on

Advertising2001 11 16 2002
5 1
1.
Civil Code
Law on Commerce
Competition Law
2003 3 13 Decree No. 24/2003/ND/CP

Decree No.24
2008 8 13 Decree No. 90/2008/ND/CPDecree No.90
2.
45
3.
Party flag

4.
Decree No.90
.vn
Ministry of Information and Communication
management code number
Decree No.90 short message service

SMS
SMS SMS
SMS
.vn
Decree No.90

46
LAW ON CREDIT INSTITUTIONS
No.02/1997/QH10Law No.02/1997/QH10 on Credit Institutions1997

12 12 1998 10 1 2004 6
15 2004 10 1
No.20/2004/QH11Law No.20/2004/QH11 on Credit Institution

2005 12 13 No.28/2005/PL-UBTVQH11

2009 6 16 Decree No.59/2009/ND-CP

Decree No.59
Decree
No.69/2007/NC-CPDecree No.69

2006 2 28 100%
Decree
No.22/2006/ND-CPDecree No.22

37
1.
37
Decree No,59
47

2.
3.
4.
48

limited liability company

50
WTO
49
SECURITY LAW
No. 70/2006/QH11Law No. 70/2006/QH11 on Securities
Law on Enterprise
2007 1 19


Circular No. 194/2009/TT-BTC Circular
No.194
2008 3 20 Ho Chi Minh City Stock Exchange

Decision No. 09/QD-SGDHCM Decision
No.09
2008 12 24
Decision No. 121/2008/QD-BTC
Decision
No.121
2007 4 24
Decision No.27
2009 4 15
Decision No. 55/2009/QD-TTgDecision No.55
2010 1 15
Circular No. 09/2010/TT-BTCCircular
No.09

Decree
No.36
2007 10 22
Decision No.87

2007 7 10 Decision No. 2327/2007/QD-BTC

Decision No.2327
2008
11 26 Circular No. 112/2008/TT-BTCCircular No.112

2007 3 13
Circular No. 17/2007/TT-BTCCircular
No.17
50
1.
The State Securities Commission
Decision No.27
2. public company
joint stock company
(1)
(2)
(3) 100
100
25
tender offer
major shareholder
5
Circular No.194 Circular No.09
3. public offering of securities
Decision No.2327 Circular No.17 Circular

No.112
4.
Decision No.87
51
Decision No.121
Transaction code
Decision No.55
52
LAW ON INSURANCE BUSINESS
No.24/2000/QH10Law No.24/2000/QH10 on Insurance Business

2000 12 9 2001 4 1
2009 5 5
2007 3 27

2007 3 27 Decree
No.45/2007/ND-CPDecree No.45

Decree No.45
38
391,000
7,000
38
9
39
10 124
53
E-TRANSACTIONS LAW
No.51/2005/QH11Law No.51/2005/QH11 on Electronic Transactions

2005 11 29
2006 6 9 Decree No.57/2006/ND-CPDecree

No.57

Decree 2008 7 21 Circular No.09/2008/TT-BCT
Circular No.09

2007 3 8 Decree No.35/2007/ND-CP

Decree No.35
2007 2 15
1.
2.
Decree No.57
54

Circular No.9
3.
Circular No.09
Business Registration Certificate
55
4.
Decree No.26
Decree No.26
Ministry of Information and Communication
Decree No.26
56
LAW ON INTELLECTUAL PROPERTY
No. 50/2005/QH11Law No. 50/2005/QH11 on Intellectual Property

2005 11 29 2006 7 1
2009 6 19 2010 1 1 No.
36/2009/QH12Law No. 36/2009/QH12copyrights
copyright-related rightsindustrial
property rightrights to plant varieties
2006 9 21
Civil Code Decree No.

2006 9 21
2006 9 22
Decree No. 104
2006 9 22


2006 9 22
2009 5 13
Decree No. 47

2007 2 14 Ministry of Science and Technology

Decree No. 103
Circular No. 01/2007/TT-BKHCN
Circular No. 01

2008 4 3 Supreme Peoples Court

Supreme Peoples ProcuracyMinistry of Culture, Sport and
Ministry of Justice
Tourism

Joint Circular No. 02/2008/TTLT-TANDTC-VKSNDTC-BVHTT&
DL-BKH&CN-BTP Circular No. 2
2007 1 11 WTO
57
1.
1.1
moral rightseconomic rights
1.2
50
1.3
Copyright Office
1.4
satellite signal encrypted program
2.
2.1
Invention PatentsUtility Solution Patents
58

Industrial Design Patents
2.2
20
10
5 2 5
3.
Certificate of Trademark Registration
3.1
59
10
10
3.2 Trade names
3.3 Geographical indications
Certificate of Geographical Indication Registration
3.4
3.5
4.
60
5.
5.1
public rectification
(i)
(ii) (iii) (iv)
(v) (vi)
5.2
5.3
Market Management Agencies
Science and Technology Inspectorate
61
Economic Police
Peoples Committees at the distinct-and provincial-level

Customs offices
5.4
62
5.5
63
LABOR CODE OF VIETNAM

1994 6 23 2002
2006 2007 17
198
1990 6 30

No.40-1990-LTC-HDNN8
2006 6 29
No.71/2006/QH11
2008 11 14
No.25/2008/QH12
2006 11 29
No.72/2006/QH11

2006 11 29
No.76/2006/QH11
2003 4 18
Decree No.39

2003 5 9
Decree No.44/2003/ND-CPDecree
No.44
2002 11 11 Decree No.93/2002/ND-CP

1994 12 31 Decree No.196/CPDecree No.196

2008 3 25
Decree No.34

2002 12 31
Decree No.114/2002/ND-CPDecree
No.114
2002 12 27 Decree No.109/2002/ND-CP

1994 12 31 Decree No.195/CPDecree
No.195
2003 4 2 Decree No.33/2003/ND-CP
64

1995 6 6 Decree No.41/CP
Decree No.41

2008 1 30
176
Decree No.12

1.
2.
3 1
36

12 36
12
3.
3
45
30 3
65

4.
4.1
4.2
10
12 36
1
1
24 12
15
6 60 12
36 3 36 72 6
72 144 9 144 12
4.3
5.
66

6.
36
Ministry of Labor, War Invalids and Social Affairs

67
3
limited liability company with two or more members

single-member limited liability company
shareholding companyjoint stock company

Management Board
Ministry of Justice

7.
300
300 75
68
LAW ON PRODUCT AND GOODS QUALITY
No. 05/2007/QH12Law No. 05/2007/QH12 on Product and

Goods Quality
2007 11 21 2008 7 1

conformity evaluation organization
product and goods quality examination

agenciesproduct and goods quality inspectorate
2008 12 31 2009 2 1
Decree No.132 2009 8 3 2009 9
22 Decree No. 67/2009/ND-CPDecree No.67

2009 6 5 2009 7 31


2009 12 31 Ministry of Science and Technology

2010 2 14 Decree No.54
Circular No. 24/2009/TT-BKHCN
Circular No.24
1.
product
the output of a production or service provision process for a commercial or
consumption purpose consumer
product
Consumer Protection Law
consumers
individuals and organizations who purchase or legally use goods and services for
purposes other than doing business
2.
circular
69

decision
Ministry of Health
Ministry of Agriculture and Rural Development
Ministry of Transport
Ministry of Information and
Communication
3.
4.
5.
70

conformity evaluation organizations
conformity stamps
71
6.
4041
40
Decree No.132Decree No.54Circular No.24
41
product and goods quality inspection agency
provincial/municipal Peoples Committee
72
LAW ON ENVIRONMENTAL PROTECTION
No. 52/2005/QH11Law No. 52/2005/QH11 on Environmental Protection

2005 11 29 2006 7 1
2006 8 9
2008 2 28
Decree No. 80 Decree No.

2009 12 31
1.
73

2.
2010 3
environmental protection fee
environment protection funddeposit
3.
environmental composition
74

environmental impact assessment reports

escrow

75
LAW ON CORPORATE INCOME TAX
No.14/2008/QH12Law No.14/2008/QH12 on Corporate Income Tax

2008 6 3 2009 1
2008 12 11
Decree No.124


Decree 124 Circular
No.130/2008/TT-BCTCircular No.130

2008 12 31

Circular No.134/2008/TT-BCT
Circular No.134

1.
2.
3.
Circular No.130
brokerage commission
payment discount expense
reception expenseentertainment expenseconference expence
102009 1 1
3 15
trading businesscost of goods sold 10
4.
25
32 50
76

10 20
2 4
4 9 50
Decree 1242008
50
25 - -

20 10 2 4

20 - -
Peoples Credit Funds
10 15 4 9

10 4

9

77
5
3
4
WTO red light
2007
2007 1 11
2011
5.
institutional securities investors

0.1
6.
30 90
10
78
LAW ON VALUE-ADDED TAX
No. 13/2008/QH12Law No. 13/2008/QH12 on Value-Added Tax

2008 6 3 2009 1 1
2008 12 8
Decree No.123

No.123 Circular No. 129/2008/TT-BTCCircular
No.129
2008 12 31

Circular No.134
Circular No. 134/2008/TT-BTC
42
10%
5%
1. 0
export processing enterprises

0% 0
transitional export

0
42
Circular No.129 .2
79
on-the-spot export

0
00
26
43
2.
20
assessment notice
10
43
00Input VAT
80
2
44
45
2,000
3.
46
2

2

1
2

44

45

46
Circular No.129 C
81

ODAOfficial Development Assistance

47
47
Circular No.129 B..2
82
WTO
1. WTO
WTOWorld Trade Organization,
GATTGeneral Agreement on Tariffs and Trade,

1995 1 2009 6 153
WTO
WTO
IMF
2. WTO
WTO
WTO
48 3 2
30
3. WTO
1995 1 WTO WTO 12

2006 11 29 Resolution 71/2006/QH11
2006 11 7
2007 1 11 150 WTO
48

WTO 12
Provisional Central Product ClassificationCPC CPC
83
4. WTO
4.1 WTO
WTO
WTO
4.2
WTO
30
WTO
30
302009 6 18 Decision No.88/2009/QD-TTg
WTO
49
WTO
4.3 100
100WTO
100
Maintenance and repair
Maintenance and repair service for aircraft
service of equipment
2012
100
Rental/Leasing services without operators

100
4.4
WTO
WTO
WTO
Ministry of Planning and Investment
WTO WTO
84
Q&A
85
(a) M&A
(1)

1.1
49Decision No. 55
49%
equitized State-owned commercial banks joint-stock

commercial banks 30

10

15

15

2050
joint stock companylimited liability

company
51WTO
the Agreement
between the Socialist Republic of Vietnam and Japan for the Liberalization, Promotion and
Protection of Investment100%
49

49
49

50
Decree No. 69 4
51
2006 9 22 Decree No. 108/2006/ND-CP
86

1.2
Investment CertificateBusiness Registration

Certificate 3
limited liability company with more than one member
2.

VND
custodian bank
HSBCDeutsche Bank
Standard Chartered Bank
Far East National Bank
Citi Bank

VND State Bank of Vietnam

VND
5 23

Vietnam Securities Depository

custodian membertrading code

10
87

5%
State Securities Commission
7

25%
25

516575

5
5 7

3.
3.1
VND

VND
VND 5
23
88
52

10

5
5 7

3.2
(i)
(ii)
53
52
Decision No. 121 3.2
53
43 44
89
(b)
(1) US

Ordinance on Foreign Exchange Control
2001 12 31 State Bank of Vietnam Decision No.

1627/2001/QD-NHNN
Investment Certificate
2008 4 10 Decision No. 09/2008/QD-NHNN
2005 11 1 Decree No. 134/2005/ND-CP
investment capital
charter capital
90
(2)

2003 5 19
Circular No. 07/2003/TT-NHNN
Law on Land
Maritime Code of Vietnam

Law on Civil Aviation of Vietnam

(3)

2006 12 29 Decree No. 163/2006/ND-CP
91

Civil Code
92
(c)
(1) 6
50

Labor Code
6 50
50

(i)
(ii) (iii)

12
1 1
2
12

7
93
Department of Labor, War Invalids and Social AffairsDOLISA

DOLISA
(i) (ii)
(iii) (iv)
(v)
30

(2)

upper-level union
grass-roots union
(3) 24

8 30
45
12
1 1 24
94

150
200
300
10.5
30Thua Thien
Hue 10 6
Da Nang
9 5

10.3
10.5
12
12
18
14

16
5 1
(4)

95

96
(d)
(1) FTAASEAN FTA

FTA

ASEAN
2
2009 1 1 ASEAN The ASEAN-Japan

Comprehensive Economic PartnershipAJCEPASEAN

2009 10 1 The Agreement between

Japan and the Socialist Republic of Vietnam for an Economic Partnership
JVEPA
AJCEP JVEPA
Certificates of Origin
AJCEP
ASEAN
AJCEP 25

regional value content

RVC
40

RVC
FOB - VNM
RVC = -------------------- x 100%
FOB

FOB
free on board
FOB AJCEP

97
RVC
VNMvalue of
non-originating materials

54 4 CTC

AJCEP 2
RVC
CTC
1996 12 13 WTO
A B
A B
A B
8541.10 8542.90

AJCEP
ASEAN
AJCEP
JVEPA
JVEPA JVEPA
Party
ASEAN
local value content
LVC AJCEP
LVC
FOB - VNM
LVC = -------------------- x 100%
FOB
AJCEP JVEPA
54
AJCEP 2
98
(2)
EPZVAT

EPZ EPZ EPZ

EPZ
00
EPZ
99
(e)
(1)

500 US 500 US
(2)
100

(3)

Civil Code
offshore loansclaims of input

value added tax credit
101
(f)
(1)

Law on Intellectual Property
Economic PoliceMarket
Management BureauScience and Technology Inspectorate
102

Customs Offices
1
1
103
(g)
(1)

WTO
104

Law on Insurance Business
(2)
23 24
Civil Code
(3)

105

10

20 US

6,000 3,200 US

3,000 1,600 US
10

40 20 US
(4)

106

48
1
28
3 30
107
(h)
(1)

investment certificate

10
500 700
55
(2)
Decree 23Decree 90Circular 5Circular 9 Decision 10

2007 1 1 WTO
100(i)
(ii)
2009 1 1
WTO 2005 Law on Commerce 2007

2 12 Decree No. 23/2007/ND-CP Decree No. 232007 7 17 Circular
No. 09/2007/TT-BTMCircular No. 09
2008 4 14 Circular No. 05/2008/TT-BCT
Circular No. 05 2007 5 21 Decision No. 10/2007/QD-TTg Decision No.
10
Decision No. 10 WTO

Decision No. 10 Decision No. 10 123
Decree No. 23
55
2007 4 4 planning and investment section
Decree No.53/2007/ND-CP 22.3 (a)(b)
108
2005 Decree
Circular No. 05 Circular No. 09

Decree No. 23
2007 5 31 Decree No. 90/2007/ND-CPDecree No. 90

Decree Investment Law
56
Decree No. 90 (i)

WTO
(ii)
57Decree No. 90
circular
Decree No. 90 circular
Decree
(3) on the spot export/import

commission agreement

58

59

Ministry of Industry and Trade
56
Decree No. 90 3.2
57
Decree No. 90 4.1
58
180.1
59
2006 1 23 Decree No.12/2006/ND-CP 2006 6 12 Decree No.59/2006/ND-CP
109
60

61

62
1
45
15
30
63
60
Decree No.12/2006/ND-CP 29
61
Circular No.04/2006/TT-BTM Part
62
180.2
63
Circular No.116/2008/TT-BTCDecision No.1179/QD-TCHQ
110

(4)
7

6
(5)
30

30 (i)

111
(ii)

60

15
(i)
2 (ii)

112
(i)
(1) thin capitalization rule

credit institutionorganization
charter
capital

64

Investment Certificate

65
(2) advertising expensespromotion expenses

marketing expenses
10
2009 1 1 3
15trading businesses
10
64
2008 12 26 Ministry of Finance Decree No.
124/2008/ND-C Circular No.130/2008/TT-BCTCircular No.130C.IV.2.15.
65
2004 12 21
Circular No.09/2004/TT-NHNNCircular No. 09 15
113
(j)
(1)

Civil Procedure Code
Investment Law
Civil Code
411
114

(2)

Enforcement Office
1995 New York Convention1995 9

14 Ordinance on Recognition and
Enforcement of Foreign Arbitration Awards
2004
115

Ministry of Justice of
Vietnam
7
3
2
Supreme Peoples Court
1
2
116
(k)
(1)
Ordinance on AdvertisingLaw on Commerce
Law on Commerce
Law on Competition
(2) A B

117

5 30
3
30 9
10
(3) M 50
M N
M
30
118

50 M
M
N
N M
10
119
(l)
(1)
66
1998 5 20 No.

08/1998/QH10Law No. 08/1998/QH10 on Water Resources

1996 3 20
2005 6 14
No. 46/2005/QH11Law No. 46/2005/QH11
2007 11 21 No.
06/2007/QH12Law No. 06/2007/QH12 on Chemical Substances

66
3 Decree No. 80/2006/ND-CPDecree No. 117/2009/ND-CP Circular No.
08/2009/BTNMT
120
(m)
(1) Chairman of the Board of MemberPresident

Enterprise Law
30
Chairman of the Board of Members

President General Director
Chairman of the Board of Management
General Director
Decree No. 53/2007/ND/CP

30
500
) 700
&
121

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2010 3

Law No. 33/2005/QH11 Civil Code dated 14 June 2005...................................................6

Law No. 36/2005/QH11 on Commerce dated 14 June 2005 ................................................9

Law No. 60/2005/QH11 on Enterprises dated 29 November 2005......................... 11

Law No. 27/2004/QH11 on Competition dated 3 December 2004 .................................14

Law No. 59/2005/QH11 on Investment dated 29 November 2005 .........................18

Law No. 42/2005/QH11 on Customs dated 14 June 2005 ..............................................24

Ordinance No. 28/2005/PL-UBTVQHII on Foreign Exchange

Law No. 24/2004/QH11 on Civil Procedure dated 15 June 2004 ...........................30

Law No. 21/2004/QH11 on Bankruptcy dated 15 June 2004 .........................................34

Law No. 15/1999/QH10 Penal Code dated 21 December 1999 ......................................37

Law No. 55/2005/QH11 on Anti-Corruption dated 29 November 2005 .................41

Ordinance No. 39/2001/PL/UBTVQH10 on Advertising dated 16 November

Law No. 20/2004/QH11 on Credit Institutions dated 15 June 2004 .......................47

Law No. 70/2006/QH11 on Securities dated 29 June 2006 ............................................50

Law No. 24/2000/QH10 on Insurance Business dated 9 December 2000 ..................53

Law No. 51/2005/QH11 on Electronic Transactions dated 29 November 2005 .....54

Law No. 50/2005/QH11 on Intellectual Property dated 29 November 2005 ..........57

Labor Code dated 2 March 2007.....................................................................................64

Law No. 05/2007/QH12 on Product and Goods Quality dated

Law No. 52/2005/QH/11 on Environment Protection dated 29 November 2005 ...73

(a) M&A ................................................................................................................86

(1) FTAASEAN FTA

(f) .................................................................................................................................... 102

(g) ............................................................................................................................................ 104

(h) ............................................................................................................................................ 108

(3) on the spot export/import

(i) ............................................................................................................................................... 113

(1) thin capitalization rule

(2) advertising expenses

(j) .................................................................................................................................... 114

(k) ........................................................................................................................................ 117

(l) ............................................................................................................................................ 120

(m) ................................................................................................................................ 121

(1) Chairman of the Board of Member

No. 33/2005/QH-11Law No. 33/2005/QH-11

Peoples Supreme CourtBoard of Justices

2006 Decree No. 163/ND-CP

socio-political organizationscollective ownership

Decree No. 163

5 land use rights

Decree No. 138

No. 36/2005/QH11 on CommerceLaw No.36/2005/QH11 on Commerce

2006 7 25 Decree No.

No.60/2005/QH11Law No.60/2005/QH11 on Enterprise

2006 9 21 Law on Investment

Limited liability company with single member

Limited liability company with two or more members

Joint stock company

No. 27/2004/QH11Law No. 27/2004/QH11 on Competition

2005 9 15 Decree No.

2005 9 30 Decree No.

Vietnam Competition Administration

No. 59/2005/QH11Law No. 59/2005/QH11 on Investment

2006 9 21 Law on Enterprise

Business Registration Certificate

No. 29/2001/QH10Law No. 29/2001/QH10 on Customs

customs valuation ASEAN

free trade zones

2009 2 18 Decree No.97

2009 4 20 Ministry of Finance

2006 5 15 General Department of Customs

declaration form commercial invoices

import/export permitstype approvals