Duty-free allowances for luggage whose total customs value does not exceed VND 10 million

In accordance with the Decree No. 134/2016/ND-CP dated September 01, 2016 of the Government on guiding the Law on Export and Import duties, each time a person immigrates under a passport or a passport substitute (except for laissez-passers) issued by a Vietnamese authority or foreign authority, he/she shall be...

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...
Import conditions of automobiles and motorcycle for repatriated overseas Vietnamese citizens

Import conditions of automobiles and motorcycle for repatriated overseas Vietnamese citizens

On February 12, 2014, the Ministry of Finance issued the Circular No. 20/2014/TT-BTC prescribing the import of automobiles and motorcycles as personal effects of overseas Vietnamese who are permitted to register permanent residence in Vietnam. Within that, the most important contents are the import of automobiles and motorcycles as personal effects of overseas Vietnamese who are Overseas Vietnamese citizens [...]

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...

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...

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...

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...

Changes in organizational structure of the state bank of Vietnam

On November 11, 2013, the Government issued the Decree No. 156/2013/ND-CP of November 11, 2013, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam[...]

Precious gems with the value of VND 300 million must subject to custom declaration

In accordance with the Circular No. 35/2013/TT-NHNN dated December 31, 2013 of the State Bank of Vietnam guiding a number of provisions on anti-money laundering. Value of cash in foreign currency or Vietnam dong, precious metals, gems and negotiable instruments of VND 300 million must subject to customs declaration

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...