Foreign investor parties in business cooperation contracts in VietNam must open direct investment capital accounts
In accordance with the Circular No. 19/2014/TT-NHNN issued by the State Bank of Vietnam on August 11, 2014 guiding the foreign exchange management of foreign direct investment in Vietnam[...]
Handling violations for imported automobiles used for more than five years
This is one of the new contents regulated under the Circular No. 55/2014/TT-BGTVT dated October 20, 2014 [...]
TO APPLY 0% APPLIES TO RICE AND DRIED TOBACCO OF CAMBODIAN ORIGIN
On December 05, 2016, the Ministry of Industry and Trade issued the Circular No. 28/2016/TT-BCT providing for importation according to tariff quota of 2016 and 2017 with special preferential import duty rate of 0% applicable to goods of Cambodian origin.
In particular, in 2017, The import tariff quota with the...
Allowed to clear the loss and gain in the transfer of real estate
On June 18, 2014, the Ministry of Finance issued the Circular No. 78/2014/TT-BTC guiding the implementation of the Government’s Decree No. 218/2013/ND-CP of December 26, 2013, detailing and guiding the implementation of the Law on Enterprise Income Tax (EIT)[...]
Approval procedure for activities of export, import of foreign currency in cash
On December 26, 2013, the Vietnam State Bank issued the Circular No. 33/2013/TT-NHNN providing guidelines upon approval procedure for activities of export, import of foreign currency in cash of permitted banks.
Under this Circular, commercial banks, branches of foreign banks permitted that have demand on export and import of foreign...
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...
All citizens are treated equal in exercising their right of access to information
Takes effect on July 01, 2018, the Law No. 104/2016/QH13 on information access passed on April 06, 2016 prescribes that all citizens are treated equal and not discriminated in exercising their right of access to information, the Government grants favorable opportunities for the disabled and those who reside in...
DISCLOSURE OF THE STATE FINANCIAL REPORTS IS COMPULSORY
On March 14, 2017, the Government issued the Decree No. 25/2017/ND-CP on state financial reports prescribing that national and provincial state financial reports shall be made according to the annual accounting period starting on January 1 and ending on December 31 of the calendar year.
Units tasked to compile state...
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...
CONDITIONS ON TRAINING AT THE MASTER LEVEL
On April 04,2017, the Ministry of Education and Training issued the Circular No. 09/2017/TT-BGDDT on prescribing requirements, processes and procedures for opening of academic disciplines or majors, suspension or cancellation of enrolment, revocation of decision on opening of disciplines or majors at the master’s or doctoral level.
This Circular points...
