On 23 August 2018, the Government promulgated Decree No. 108/2018/ND-CP ("Decree 108") amending and supplementing some articles of the Decree No. 78/2015/ND-CP relating to enterprise registration. Decree 108 took effect from 10 October 2018.
The amendments relate to the processes and formalities for enterprise registration, notifications, disclosures, and the setting up of business locations.
On 6 July 2018, the Prime Minister of Vietnam promulgated Decision No. 27/2018/QD-TTg ("Decision No. 27") on Vietnam Standard Industrial Classification to replace, amend and supplement Decision No. 10/2007/QD-TTg dated 23 January 2007 and Decision No. 337/QD-BKH dated 10 April 2007. Decision No. 27 took effect from 20 August 2018.
Some of the notable amendments in Decision No. 27 include the following:
- A number of new sectors in level 4 and level 5 of classification have been supplemented.
- Decision No. 27 provides further guidance and clear explanation on economic activities which are categorised in each sector.
- Decision No. 27 also provides concepts and definitions pertaining to economic activities and economic sectors.
