bad-debts

Reduce non-performing loans to below 3 percent of the total outstanding loans by the end of 2015

The National Assembly has just passed the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, requires Ministries, industries and relevant units to arrange and restructure weak credit institutions, continue implementing measures to reduce...

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...

Macro-financial Organizations allowed to get foreign loan in Vietnam Dong

This is the content of the Circular No. 12/2014/TT-NHNN dated March 31, 2014 of the State Bank of Vietnam regulating on conditions for foreign loans of enterprises without government guarantee[...]
for food safety assurance

Conditions for food safety assurance for vagetable oil production

On December 22, 2014, the Ministry of Industry and Trade issued the Circular No. 59/2014/TT-BCT dated December 22, 2014 prescribing conditions for food safety assurance for vegetable oil production and trading establishments and takes effect on February 06, 2015. Accordingly, Vegetable oil production establishments must have production location constructed under...

Regulations on Labor Recruitment

On January 16, 2014, the Government promulgated the Decree No. No. 03/ND-CP dated January 16, 2014 detailing the implementation of a number of Articles of the Labor Code regarding employment. Under this Decree, the employer is entitled to employ Vietnamese labor directly or via employment services or outsourcing service providers to...

INCREASE THE DEPOSIT IN THE AUCTION TO 20%

Takes effect on July 01, 2017, the Law on property auction No. 01/2016/QH14 of the National Assembly prescribing that bidders must deposit 5% - 20% reserve price of the auctioned property instead of 1%-5% as in previous regulations. Also from July 01, 2017, lawyers, public notaries, bailiff, property management officers...

Regulations on project appraisal and approval and design and estimate of works construction

On June 30, 3016, the Ministry of Construction issued the Circular No. 18/2016/TT-BXD detailing and guiding some contents on project appraisal and approval and design and estimate of works construction. In accordance with this Circular, project submission and appraisal, design and estimate of works construction in accordance with authority to...

Deactivate the tin of the business entity of non-operation at registered address

In accordance with the Circular No. 95/2016/TT-BTC dated June 28, 2016 of the Ministry of Finance on guidelines for tax registration, the taxpayer shall be imposed sanctions for TIN usage as prescribed by relevant law provisions. After one year from the date on which the tax authority issued a...
geographical atlases must subject to licensing

establishing thematic maps and geographical atlases must subject to licensing

The Government has just issued the Decree No. 45/2015/ND-CP dated May 06, 2015 on topographic and cartographic activities in the mainland, on islands, archipelagoes and sea areas, under the ground and in the space of the Socialist Republic of Vietnam, to issue List of 14 topographic and cartographic services...
Telecommunications enterprise holding

Telecommunications enterprise holding the essential instruments must apply for model connectivity agreement

In accordance with the Circular No. 07/2015/TT-BTTTT dated March 24, 2015 of the Ministry of Information and Communications on telecommunication connectivity, within 30 working days from the day on which a telecommunications enterprise is determined to be the one holding the essential instruments, such enterprise shall prepare, submit directly...