The fee of issuance or renewal of a certificate of multi-level marketing is VND 5 million/application

In accordance with the Circular No. 156/2016/TT-BTC dated October 21, 2016 of the Ministry of Finance on providing for fees for processing of application for the certificate of multi-level marketing, collection, transfer and management thereof, applies to enterprises applying for issuance, replacement, addition or renewal of the certificate of...
vietnamese employees

Foreign organizations must make regular reports on recruitment of vietnamese employees

This is the prominent content prescribed at the Decision No. 19/2015/QD-TTg dated June 15, 2015 of the Prime Minister prescribing criteria for identifying hi-tech enterprises. Accordingly, from August 01, 2015, beside satisfying the criteria prescribed at Point a and b, Article 75 of the Investment Law, a hi-tech enterprise ...
electricity prices

average retail price is vnd 1,622.01 per kwh

In accordance with the Decision No. 2256/QD-BCT dated March 12, 2015 of the Ministry of Industry and Trade on electricity price, the average retail price is VND 1,622.01 per kWh (exclusive of VAT) shall be applicable from March 16, 2015 instead of the price of VND 1,508.85 per kWh...

Regulations in adjusting increase of charter capital level

On December 31, 2013, the Ministry of Finance issued the Circular No. 220/2013/TT-BTC guiding the implementation of the Decree No. 71/2013/ND-CP of July 11, 2013, on investment of state capital in enterprises and financial management of enterprises of which 100% charter capital is held by the State[...]
Incentives for water conservation activities

Incentives for water conservation activities

On June 08, 2015, the Government issued the Decree No. 54/2015/ND-CP providing incentives for water conservation activities, accordingly, water conservation means the application of measures and technologies to recirculate or reuse water, collect rainwater and turn brackish water and saline water into freshwater for use, or to reduce the...
The land price bracket in urban areas

The land price bracket in urban areas is vnd 162 million/m2 at most

According to the Decree No. 104/2014/ND-CP dated November 14, 2014 of the Government on the land price bracket, from December 29, 2014, the land price bracket ranges from VND 40,000/m2 to VND 162 million/m2; Of which, the highest price - VND 162 million/m2 shall be applied for the Red...

BY 2017, PROCEDURE FOR PROPERTY REGISTRATION SHALL BE FINISHED WITHIN 20 DAYS

This is one of targets that the Government had set at Resolution No.  19-2017/NQ-CP dated February 06, 2017 on main duties and measures for improving business environment and enhancing national competitiveness in 2017 and orientation towards 2020. With the aim by the end of 2017, starting a business of our...
Conditions for food safety assurance for production establishments

Conditions for food safety assurance for production establishments

On December 18, 2014, the Ministry of Industry and Trade issued the Circular No. 54/2014/TT-BCT prescribing the conditions for food safety assurance for processed milk production and trading establishments. Accordingly, processed milk production establishments must have the production site to be built under the current master plan approved by a...
Prohibiting the advertising of milk for under-24 month infants

Prohibiting the advertising of milk for under-24 month infants

This is one of the contents regulated under the Decree No. 100/2014/ND-CP of the Government on the trading in and use of nutritious products for infants, feeding bottles and teats, replacing the Decree No. 21/2006/ND-CP dated February 27, 2006. Specifically, the Government strictly prohibits the advertising of breast milk substitutes...

Contents of state management of foreign loans and debits by self-borrowing and self-payment

On December 26, 2013, the Government issued the Decree No. 219/2013/ND-CP on management of enterprises’ borrowing of foreign loans and payment of foreign debts without government guarantee[...]