This comment was made by legal experts at the Conference “Update on new legal regulations in the financial sector: Impacts on investors”, co-organized by the Vietnam International Arbitration Center (VIAC) and the Ho Chi Minh City Investment and Trade Promotion Center (ITPC) on July 31, in Ho Chi Minh City.
At the conference, experts shared the view that recent changes in financial law policies have not only removed obstacles for businesses, but also paved the way for high-quality capital flows into Vietnam in the coming time.
From the perspective of national development strategy, Dr. Tran Du Lich, Vice President of VIAC, emphasized that this is a "golden" time for Vietnam to build a self-reliant and self-reliant economy , in which a solid legal framework is a prerequisite.
According to him, a series of new policies that have just taken effect are a turning point, promoting the economy to operate in a more transparent, fair and efficient direction.
Observing the current investment movement, Dr. Tran Du Lich said that along with amending current regulations, a number of provinces and cities are actively researching and implementing new investment models to adapt to the new development context.
Notable among these is the international financial center model, which is considered a strategic step, demonstrating the determination to deeply integrate into the global financial market, while creating conditions to attract high-quality investment capital flows.
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Associate Professor, Dr. Le Vu Nam, Vice Principal of the University of Economics and Law, Ho Chi Minh City National University, assessed that amending securities regulations will attract more FDI capital. |
Analyzing further from a legal perspective, Associate Professor, Dr. Le Vu Nam, Vice President of the University of Economics and Law, Ho Chi Minh City National University, assessed that the adjustments in Law No. 56/2024/QH15 are a "breakthrough of breakthroughs" for the financial market, especially the stock market.
"The new law helps remove many obstacles that existed in the process of applying the Securities Law 2019, creating positive changes for the domestic market," Mr. Nam emphasized.
According to Mr. Nam, new regulations related to professional securities investors and private securities offerings to the public will improve transparency, safety and quality of transactions on the stock market.
Through that, securities investors will be protected more effectively, creating opportunities for capital mobilization activities of enterprises, as well as attracting more FDI capital.
In the field of tax, Mr. Phan Hoai Nam, General Director of W&A Consulting Law Firm, said that a number of new regulations are removing procedural bottlenecks and making policies transparent.
Specifically, in the Tax Law, one of the highlights is the new regulation on value-added tax deduction for non-cash payment documents, which is expected to create a more transparent basis for tax accounting.
At the same time, regulations on value-added tax refunds for new or expanded investment projects also create conditions for businesses to implement investment projects more effectively.
Regarding corporate income tax, according to Mr. Nam, the new policy allows businesses to offset profits from real estate business activities with losses from other production and business activities, helping to optimize tax obligations and support businesses to be more flexible in their financial strategies.
However, along with opportunities come many challenges. Dr. Tran Du Lich recommends that businesses need to proactively update information and promptly adapt to changes in the legal framework.
At the same time, businesses need to prepare in advance to deal with many new risks, which may lead to many complex disputes.
Source: https://baodautu.vn/khung-phap-ly-tai-chinh-hoan-thien-be-phong-thu-hut-dong-von-dau-tu-chat-luong-cao-d345585.html
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