New economic policy takes effect from May 2022

Wood processing and exporting enterprises register for business classification in 2 forms

Circular 21/2021/TT-BNNPTNT issued on December 29, 2021, providing for the classification of wood processing and exporting enterprises, effective from May 1, 2022.

Accordingly, wood processing and exporting enterprises register for classification with the receiving agency in one of two forms:

– Online form: Enterprises access the Enterprise Classification Information System on the website www.kiemlam.org.vn to register under the guidance of the Enterprise Classification Information System.

Direct form:

+ In case the enterprise cannot apply the Enterprise Classification Information System, it shall send 01 set of documents directly or through the public postal service or post office to the receiving agency.

+ The receiving agency enters the enterprise’s profile into the Enterprise Classification Information System; notify enterprises of the results of receipt of registration for classification of enterprises according to; store registration documents as prescribed by law.

Guidelines for Trade Remedies in the RCEP . Agreement

The Ministry of Industry and Trade has issued Circular 07/2022/TT-BCT dated March 23, 2022 guiding the implementation of trade remedies in the Regional Comprehensive Economic Partnership (RCEP).

According to the Circular, the investigating authority is obliged to notify in writing the Member under investigation of the receipt of the dossier of request for anti-dumping investigation at least 07 days before the Minister of Industry and Trade makes a decision. investigation and application of anti-dumping measures.

The investigating authority is obliged to notify in writing the Member under investigation of the receipt of the dossier of request for anti-subsidy investigation at least 20 days before the Minister of Industry and Trade decides to investigate and apply the countervailing measure. anti-subsidy law. Upon request from the Government of the Member State concerned, the Investigating Authority is obliged to provide a non-confidential copy of the Anti-subsidy Investigation Request File.

Regarding the method of calculating the dumping margin: When calculating the dumping margin according to the provisions of Points a and b, Clause 2, Article 20 of Decree No. 10/2018/ND-CP, the investigating authority must calculate the sum. all individual margins, whether positive or negative, into the overall margin of each foreign producer or exporter. This regulation does not limit the authority of the investigating authority to calculate the margin of dumping according to the provisions of point c, clause 2, Article 20 of Decree No. 10/2018/ND-CP…

The Circular takes effect from May 8, 2022.

Financial Management Guidelines for Grants

The Ministry of Finance has issued Circular No. 23/2022/TT-BTC issued on April 6, 2022 guiding the state financial management of foreign non-refundable aid as part of state budget revenue. .

The Circular guiding the state financial management of foreign non-refundable aid (collectively referred to as aid) belonging to state budget revenues includes:

Aid and budget support for the central budget or for the budget of provinces and centrally run cities;

Independent aid or aid with loans for programs and projects under the spending tasks of the central budget (including the task of additional targeted expenditures from the central budget to the provincial budgets), or direct aid to programs and projects under the expenditure tasks of the provincial budget;

Non-project aid to support the implementation of expenditure tasks of the central budget, including targeted additional expenditures for the provincial budget, or directly support the implementation of expenditure tasks of the provincial budget.

The Circular takes effect from May 20, 2022.

Correction of special lending regulations for specially controlled credit institutions

The State Bank of Vietnam has issued Circular 02/2022/TT-NHNN dated March 31, 2022 amending and supplementing a number of articles of Circular No. 08/2021/TT-NHNN providing for special loans for borrowers. specially controlled credit institutions.

Circular amends Point d, Clause 1, Article 4 of special lending cases as follows: Special loans with preferential interest rates up to 0% for commercial banks that have been compulsorily purchased before the date of Law No. 17/ 2017/QH14 takes effect according to the provisions of Clause 2, Article 3 of Law No. 17/2017/QH14.

In addition, the Circular also amends Clause 1, Article 5 of Principles of special lending and handling of special loans. For special loans specified at Points b, c, dd, Clause 1, Point c, Clause 2, Point c, Clause 3, and Point b, Clause 4, Article 4 of this Circular, the amount of the special loan and the purpose of use. special loan, collateral for special loan, special loan interest rate, special loan term, special loan repayment, special loan interest exemption or reduction, the handling of special loans lent (including the extension of special loans, interest rates on overdue special loan principals) shall be carried out according to the restructuring plan, the plan approved transfer. For special loans specified at Point d, Clause 1, Article 4 of this Circular, the provisions of Clause 2, Article 3 of Law No. 17/2017/QH14 shall be complied with.

The Circular takes effect from May 24, 2022.

Amendment of regulations on provision for loss of accounts stock investment

The Ministry of Finance has just issued Circular 24/2022/TT-BTC dated April 7, 2022 amending and supplementing Circular No. 48/2019/TT-BTC guiding the setting up and handling of provisions for devaluation. inventories, loss of investments, bad debts and warranties for products, goods, services and construction works at the enterprise.

Circular 24 amends and supplements provisions on “Provision for loss of securities investments” (Article 5) as follows:

Objects of provision are securities issued by domestic economic organizations in accordance with the law, owned by enterprises, listed or registered for trading on the domestic stock market. , are freely traded on the market and the actual market price of securities at the time of making the annual financial statements is lower than the value of the securities investment being recorded in the accounting books.

The above provisioning objects do not include Government bondsgovernment-guaranteed bonds, local government bonds.

The Circular takes effect from May 25, 2022.

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