TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS
Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with...
The detailed planning for seaports in the middle central vietnam (group 3)
On July 29, 2016, the Minister of Ministry of Transport issued Decision No. 2369/QD-BGTVT approving the detailed planning for seaports in the Middle Central Vietnam (Group 3) by 2020 and the orientation towards 2030, includes seaports of following coastal provinces: Quang Binh, Quang Tri, Thua Thien Hue, Da Nang,...
Encourage to provide for the voluntary supplemental retirement program
At the Decree No. 88/2016/ND-CP dated July 01, 201 of the Government on voluntary supplemental retirement program. The Government encourages developing voluntary supplemental retirement programs by means of incentive policies provided for in laws on taxation and investment results and payment rates made by retirement funds shall not be...
Import of steel scraps must deposit from 10% – 20%
In order to ensure that scrap importers take responsibility for handling environmental risks and pollution which may arise from the imported scrap lots, in the Decree No. 38/2015/ND-CP dated April 24, 2015 on the management of wastes and scraps, the Government requires scrap importers to pay deposits at Vietnam...
By 2025, To assist 2,000 national innovative starup ecosystem
With the objectives to create a favorable conditions for the development of enterprises that have potentials for rapid growth by utilization of propriety assets, technology and business initiatives, on May 18, 2016, the Prime Minister signed the Decision No. 844/QD-TTg approving the “assistance policies on national innovative startup ecosystem...
Open fund shall conduct collection under agreed price
On December 31, 2013, the Ministry of Finance issued the Circular No. 216/2013/TT-BTC amending the Circular No. 38/2011/TT-BTC dated March 16, 2011 [...]
banks allowed purchasing debts having the bad debt ratio under 3%
From September 01, 2015, credit institutions, foreign banks’ branches shall be only permitted for debt purchase when being approved on the establishment and operation license of credit institutions, establishment license of foreign bank’s branches (hereinafter referred to as the License) by the State Bank and having the bad debt...
Second-hand cars over 5 years old are not allowed to be imported
On November 20, 2013, the Government issued Decree No. 187/2013/ND-CP on detailing implementation of the Commercial Law regarding to international purchases and sales of goods, agencies’ activities for purchases, sales and processing and abroad goods transit. Remarkably, Decree regulates the allowance to import second hand car under 5 years...
Ordinary duties on imports applied for many products
On September 01, 2016, the Prime Minister issued the Decision No. 36/2016/QD-TTg dated September 01, 2016 of the Prime Minister on application of ordinary import duties according to Point c Clause 3 Article 5 of the Law on Export and import duties.
Accordingly, ordinary import duty of 5% shall be...
ENTITLEMENTS FOR ORGANIZATIONS AND INDIVIDUALS INVOLVED IN ANIMAL HEALTH ACTIVITIES UNDER STATE’S REQUIREMENTS
If persons who carry out animal health activities at the request of competent state agencies contract diseases, get injured or die, they shall be considered for enjoying entitlements and policies as war invalids and fallen heroes in accordance with the law on preferential treatment of persons with meritorious services...
