On 03 March 2020, the General Department of Taxation issued Official Letter No. 897/TCT-QLN extending the tax payment deadline and waiving late payment interest for taxpayers suffering from losses and difficulties during their business operations, and being unable to paying taxes by the due date as a result of the Covid-19 pandemic.

On 13 June 2019, the National Assembly promulgated the 2019 Labor Code will officially replace the Labor Code No.10/2012/QH13 from 01 January 2021.

On 08 August 2019, the Ministry of Finance issued Circular
No. 48/2019/TT-BTC (“Circular 48”) replacing Circular No.
228/2009/TT-BTC and other related regulations providing
guidance on treatment of provisions for inventory devaluation,
losses from investment, doubtful debts, and warranty of
products, goods, services, and constructions.
Circular 48 will come into effect on 10 October 2019 and will
be applicable starting from financial year 2019.

The new Circulars, De