Law on commercial arbitration

Law on Commercial Arbitration of Vietnam 2010

Law on Commercial Arbitration of Vietnam was passed on June 17, 2010, by the XIIth National Assembly of the Socialist Republic of Vietnam [.....]

ACCOUNTING DOCUMENTS TO BE RETAINED FOR AT LEAST 10 YEARS

This is the content prescribed at the Decree No. 174/2016/ND-CP dated December 30, 2016 of the Government on detailing a number of articles of the Law on Accounting, takes effect on January 01, 2017. In particular, Accounting records; Detailed accounting books and overall accounting books; Financial statements; budget statements; consolidated...

FEES FOR CITIZEN IDENTIFICATION CARD IS VND 50.000/CARD

In accordance with the Circular No. 170/2015/TT-BTC dated November 09, 2015 of the Ministry of Finance providing on collection rate, collection regime and management of fees for citizen identification card, citizens being 14 years old or over process the procedures of granting the citizen identification card for the first...

Temporarily import for re-export frozen foods must pay a deposit of VND 10 billion

This is the content prescribed at the Decree No. 77/2016/ND-CP dated July 01, 2016 on amending and supplementing a number of provisions on investment and business conditions in the fields of international goods trading, chemicals, industrial explosives, fertilizers, gas trading, and food trading under the state management of the...

Legal News on January 2019

In January of 2019, many legal policies shall be effective, SBLAW would like to inform Customer and our associates a summary of these legal documents: Law on Cybersecurity shall officially come into effect The Law on Cybersecurity 2018 provides national security protection, social order and safety maintenance in the cyberspace, and...

Latest regulations on corporate income tax incentives for special investment projects

On 6th October 2021, the Prime Minister issued the Decision No. 29/2021/QĐ-TTg on regulations on special investment incentives. In which, there are regulations on corporate income tax incentives for special investment projects. For example, the preferential tax rate of 7% for a period of 33 years applies to income from investment projects in one of the following...

To develop the national animal husbandry database

The Law No. 32/2018/QH14 is promulgated by the National Assembly on November 19, 2018 provides the regulation for raising of livestock, rights and obligations of organizations and individuals involved in animal husbandry… National animal husbandry database refers to an animal husbandry-related information system which is developed in such a way...

Extra-small enterprises shall not bound to appoint the chief accountant

The Ministry of Finance issues the Circular No. 132/2018/TT-BTC on providing guidance on accounting regimes of extra-small enterprises. Accounting regimes have some particular points as follow: - For the design of the structure: Extra-small enterprises shall be charged with performing accounting duties without being bound to appoint the chief accountant; - Extra-small...

Cadres and civil servants are required to declare assets and income at vnd 50 millions or above

On November 20, 2018, the National Assembly issues the Anti-Corruption Law No. 36/2018/QH14 which includes many remarkable contents. Accordingly, the following assets and income shall be declared: - Land use rights, houses, construction works and other property attached thereto; - Previous metals, gemstones, cash, financial instruments and other real property each of...
The level of advance payment

The level of advance payment must not exceed 50% of the contract value

In accordance with the Decree No. 37/2015/ND-CP dated April 22, 2015 of the Government prescribing in detail construction contracts, within that, the level of advance payment must not exceed 50% of the contract value. In special cases, this level shall be permitted by the competent investment decider, or by the...