LEGAL CAPITAL LEVEL OF A CREDIT RATING AGENCY IS VND 15 BILLION
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital...
SECURITY EQUIPMENT ONBOARD SHIPS, MOBILE DRILLING RIGS MUST MAINTAIN 24/24
On December 27, 2016, the Government issued the Decree No. 170/2016/ND-CP dated December 27, 2016 of the Government regulating on announcement, receiving, processing and transmitting maritime security information.
Within that, the most important content is the responsibilities of owners of Vietnamese ships, port facilities and mobile drilling rigs. Every owner...
Gold jewelry with gold content of under 95% having export tax at 0%
The Ministry of Finance has issued the Decision No. 788/QD-BTC dated April 27, 2015 on promulgating new administrative procedures on export of gold jewelry, goldsmiths’ wares and other golden articles in subheadings 71.13, 71.14, 71.15 of export tax schedule in the field of customs under the authority of Ministry...
Regulations on time limit for e-customs declaration
In accordance with the Circular No. 22/2014/TT-BTC dated February 14, 2014 of the Ministry of Finance providing e-customs procedures for commercial imports and exports, customs declaration shall be made after goods are fully gathered [...]
RENT RATES OF COMMON TECHNICAL INFRASTRUCTURE FACILITIES
On December 30, 2013, the Joint-Ministries of Finance, Construction, Information and Communications issued the Joint Circular No. 210/2013/TTLT-BTC-BXD-BTTTT guiding the mechanism and principle of controlling and method of determining rent rates of common technical infrastructure facilities.
Accordingly, Organizations and individuals shall display rent rates of common technical infrastructure facilities in...
FROM 15/2, COMPANY OF PRIZE-REWARDING ELECTRONIC GAMING BUSINESS MUST POSSESS THE CHARTER CAPITAL OF NO LESS THAN VND 200 BILLION
From February 15, a company shall only qualify for the certification of eligibility for prize-rewarding electronic gaming business after being licensed by competent authorities to establish and operate a tourist accommodation establishment and registering for conducting the prize-rewarding electronic gaming business pursuant to the law and have possession of...
FREE TAX FOR PURCHASE, SALE AND EXCHANGE OF GOODS BY BORDER INHABITANTS
The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed...
Exempt the license for explosive precursors is smaller than 05 kg per year for testing
This is the content prescribed at the Decree No. 76/2014/ND-CP dated July 29, 2014 of the Government guiding the Ordinance on management and use of weapons, explosive materials, and combat gear and takes effect on September 15, 2014.[...]
Time limit for voluntary execution of a judgment is 10 days
On November 25, 2014, the National Assembly issued the Law No. 64/2014/QH13 amending and Supplementing a Number of Articles of the Law on Enforcement of Civil Judgments. Under this Law, it amends on Time limit for voluntary execution of judgments. Specifically, the time limit for voluntary execution of a...
IDENTIFICATION OF FOREIGN WORKERS INTERNALLY REASSIGNED BY ENTERPRISES
On December 28, 2017, the Ministry of Industry and Trade issued the Circular No. 35/2016/TT-BCT on identification of foreign workers who are eligible for work permit exemption and internally reassigned by enterprises operating within eleven service sectors specified in Vietnam’s WTO commitments on services.
Accordingly, Grounds for identification of foreign...
