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...

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...

Requirements for import of cigarettes and cigar

On December 12, 2013, the Ministry of Industry and Trade issued the Circular No. 37/2013/TT-BCT providing the import of cigarettes and cigar and decides from February 20, 2014 that only Vietnam National Tobacco Corporation (VINATABA) is allowed to import cigarettes and cigars according to the mechanism of state trading....

10 days before termination ATMS service providers must inform the locality state bank

On December 28, 2018, the State Bank of Vietnam issues the Circular No. 44/2018/TT-NHNN on amendments and supplements to certain articles of the Circular No. 36/2012/TT-NHNN dated December 28, 2012 of State Bank’s Governor prescribing installation, management, operation and maintenance of safety for operations of automated teller machines. - Within...

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[...]

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...

Pricing measurement of rooftop solar power projects

The Prime Minister promulgates the Decision No. 02/2019/QD-TTg on amendments and supplements to certain articles of the Prime Minister’s Decision No. 11/2017/QD-TTg dated April 11, 2017 on mechanism for encouragement of development of solar power in Vietnam on January 08, 2019. For rooftop solar power projects: - Rooftop solar power projects...
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...

To adjust monthly salary, income after payment of social insurance contributions

On December 26, 2018, the Ministry of Labor, War Invalids and Social Affairs issues the Circular No. 35/2018/TT-BLDTBXH on prescribing indexation rate of monthly salary and income after payment of social insurance contributions. Accordingly, from January 01, 2019, monthly salary after payment of social insurance contributions of employees who are...

GUIDELINES FOR PILOT FAMILY MEDICINE PRACTICES PURSUANT TO CIRCULAR NO. 21/2019/TT-BYT

Pursuant to Decree No. 109/2016/ND-CP on issuance of operating license for practitioner and operation license for medical examination and treatment facilities and Decree No. 155/2018/ND-CP on amendments to a number of provisions relating the business investment conditions under state management of the Ministry of Health: The family medicine facility...