Legal Updates

On November 01, 2014, the Government issued the Resolution No. 78/NQ-CP on tax exemption for the Government bond in the international market in 2014. At the Resolution, the Government decides to exempt the enterprise income tax and personnel income taxes for incomes from Government bond’s interest in the international market...

From July 15, 2014, charges for the first time issuance, re-issuance of the certificate being qualified for performing the technical inspection on labor safety expired and charge for amending, supplementing; reissuing the certificate being qualified for performing the technical inspection on labor safety lost or damaged is 200,000 VND/paper and 150,000 VND/paper respectively[...]

On September 16, 2014, the State Bank of Vietnam issued the Circular No. 26/2014/TT-NHNN regulating on refinancing for credit institutions in Vietnam dong according to the Decision No. 540/QD-TTg dated April 16, 2014 of the Prime Minister on the credit policy vis-à-vis shrimp and catfish rearing.[...]

According to Decree No. 63/2014 / ND-CP of the Government shall detail the implementation of a number of articles of the Law on Procurement of selecting contractors, contractor selection forms online be made to the package consulting services, non-consultant services, procurement, construction and mixed; with selected contractors form is...

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...

Based on viewpoints of developing beer – alcohol – beverage industry by balancing the production and consumption between regions nationwide in order to prevent overusing alcoholic beverages, the Minister of Industry and Trade signed the Decision No. 3690/QD-BCT dated September 12, 2016 of the Ministry of Industry and Trade...

This is one of remarkable point in Decision No. 01/2014/ND-CP dated January 3, 2014 of the Government on foreign investors’ share purchase from Vietnamese credit institutions Accordingly, shareholding percentage of a foreign individual shall not exceed 5% of charter capital of a Vietnamese credit institution and shareholding percentage of a...

The Government issued the Decree No. 32/2015/ND-CP dated March 25, 2015 on the construction cost management including total construction investment, construction estimate, construction contract estimate, construction norms, construction prices, construction price indexes, project management and construction consultancy cost, payment for and finalization of construction contracts; reimbursement and statement of...

On February 14, 2015, the Government issued the Decree No. 18/2015/ND-CP prescribing environmental protection master plan, strategic environmental assessment, environmental impact assessment and environmental protection plan. Within that, the most important contents on registration of environmental protection plans, from April 01, 2015, Investment projects on construction, or expansion of...

On July 01, 2016, the Government issued the Decree No. 63/2016/ND-CP on requirements for motor vehicle inspection service business (automobiles, trailers, semi-trailers hauled by automobiles and similar vehicles). Organizations that are granted inspection condition certificates shall be eligible for performing motor vehicle inspection services. Organizations performing motor vehicle inspection services...