Area Code Adjustments in Ho Chi Minh City, Hanoi and other cities and provinces in Vietnam

Area code changes in Ho Chi Minh City, Hanoi, Dong Nai, Binh Duong, and a number of other provinces took effect from June 17, 2017 onward.

First announced in 2016, under the Ministry of Information and Communication’s (MIC) Decision No. 2036/QD-BTTT, gradual implementation of these changes come as part of a concerted effort by Vietnamese authorities to enhance cohesion with global best practices set out by the International Telecommunications Union. 

The full list of area code adjustments to be implemented in Vietnam

Under the MIC’s Decision, a full list of areas to be impacted by adjustments has been released. Please see below for the final stage by state timetable covering all of these jurisdictions: 

Mazars Offices - New phone and fax numbers

LATEST TAX UPDATES

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Tax Alert - Payment Accounts at Payment Services

On February 28th, 2019, the State Bank of Vietnam promulgated Circular No. 02/2019/TT-NHNN (“Circular 02”) amending and supplementing a number of articles of Circular No. 23/2014/TT-NHNN dated August 19th, 2014 on guidelines for opening and use of payment accounts at payment services providers (“Circular 23”). Circular 02 took effect from March 1st, 2019 and abrogated Circular No. 32/2016/TT-NHNN and Circular No. 02/2018/TT-NHNN of the State Bank. Circular 02 has some noteworthy points as follows:

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Mazars Vietnam Newsletter - Issue August 2019

We would like to bring you tax and legal updates in August 2019 with the following highlights influencing the corporate operations:

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Mazars Vietnam Newsletter - Issue May 2019

We would like to bring you tax and legal updates in May 2019 with the following highlights influencing the corporate operations:

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Mazars Vietnam Newsletter - Issue September 2019

We would like to bring you tax and legal updates in September 2019 with the following highlights influencing the corporate operations:

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Tax Alert - Circular 48/2019/TT-BTC

On 8 August 2019, the Ministry of Finance issued Circular 48/2019/TT-BTC (“Circular 48”) replacing Circular 228/2009/TT-BTC (“Circular 228”), guiding the recognition and settlement of provisions. This Circular takes effect from 10 October 2019, applies for the financial year 2019 and has some notable points as follows: