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Rajah & Tann Regional Round-Up

your snapshot of key legal developments in Asia

Issue 1 - Q1 2020 (Special Edition on COVID-19)



VIETNAM

Control and Support Measures in Vietnam Amid the COVID-19 Pandemic

In response to the COVID-19 pandemic, the Vietnamese Government has introduced a number of measures to manage the spread of COVID-19, and  provide relief to individuals and businesses affected by the outbreak.


Pursuant to the Prime Minister's Directive No. 16/CT-TTg (as extended), nationwide social distancing measures were imposed from 1 April 2020, and had recently ended on 22 April 2020 for high-risk areas (including Hanoi and Ho Chi Minh City). During such measures, people were advised to stay home and only leave for essential purposes. Furthermore, key state authorities (including the courts and the Department of Planning and Investment) had suspended non-essential meetings and face-to-face interactions – instead, implementing postal or online submissions/communications or postponing sessions altogether. While such measures have recently ended, the transition back to original procedures may take time to implement, as provincial authorities await guidance from the central bodies. Travel entry restrictions, however, will remain in place until at least 30 April 2020 unless otherwise directed by the Government.


Regarding relief, the Government has rolled out various initiatives for eligible individuals and businesses. These include tax relief (by way of deferral of tax payment deadlines), suspension of social insurance contributions, and the State Bank of Vietnam asking commercial banks to waive, reduce or defer interest payments on loans to affected businesses.




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Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann LCT Lawyers
Ho Chi Minh City Office
Saigon Centre, Level 13, Unit 2&3
65 Le Loi Boulevard, District 1
HCMC, Vietnam

Hanoi Office
Lotte Center Hanoi - East Tower
Level 30, Unit 3003, 54 Lieu Giai Street.,
Ba Dinh Dist.,
Hanoi, Vietnam
http://vn.rajahtannasia.com
Contacts:

Dr Chau Huy Quang
Managing Partner
D +84 28 3821 2382
F +84 28 3520 8206
quang.chau@rajahtannlct.com

Vu Thi Que
Partner/Chairwoman
D +84 28 3821 2382
F +84 28 3520 8206
que.vu@rajahtannlct.com

Lim Wee Hann
Executive Committee Member
D +65 62320606
wee.hann.lim@rajahtann.com

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