Fail to remit the escrow account within 90 days must pay the late amount
In accordance with the Circular No. 41/2015/TT-BTC dated March 27, 2015 of the Ministry of Finance amending Article 9 of the Circular No. 39/2011/TT-BTC dated March 22, 2011 of the Ministry of Finance on re-arranging and dealing with state owned housing and land. Within 90 days since relevant authorities...
Incentives of 5% in selection of investors in ppp projects
On March 17, 2015, the Government issued the Decree No. 30/2015/ND-CP dated March 17, 2015 of the Government guiding the implementation of a number of Articles on investor selection of the Law on Bidding, within that, the important contents mention on incentives in selection of investors in PPP...
Providing the maximum interest rate applicable to usd deposits
On March 17, 2014, the State Bank of Vietnam issued the Circular No. 06/2014/TT-NHNN providing for the maximum interest rate applicable to USD deposits of organizations, individuals at credit institutions[...]
ANNUAL PUBLIC DEBTS DO NOT EXCEED 65% GDP IN THE 2016-2020 PERIOD
At the Resolution No. 25/2016/QH14 on National 5-year financial plan in 2016 – 2020 period, the National Assembly requires ministries and agencies to gradually manage the budget according to the results of the implementation of the tasks; establish statistics of the budget according to the practices and international standards....
To bear stamps for domestic wine form January 1, 2014
On November 14, 2013, the Ministry of Finance promulgated Circular No. 160/2013/TT-BTC directing the printing, issuance, management and use of stamps for imported wine and domestic wine
The Circular clearly states that wine produced and sold in Vietnam from January 1, 2014 and imported wine for sale in Vietnam must...
Processing goods left at the airport
On January 27, 2014, the Ministry of Finance issued the Circular No. 15/2014/TT-BTC guiding to process goods left in the area of customs supervision, including abandoned goods; goods lost without receiver[...]
EMPLOYEE POLICIES IN THE CONTEXT OF TRANSFORMATION OF PUBLIC SERVICE ESTABLISHMENTS
On October 25, 2016, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 35/2016/TT-BLDTBXH providing guidance on implementation of employee policies in the context of transformation of public service establishments into Joint-Stock Companies under the Prime Minister’s Decision No. 22/2015/QD-TTg dated June 22, 2015.
Employees that...
GUIDING THE DEPRECIATION OF ASSETS BEING HOUSES USED FOR DOING BUSINESS AND SALE
On April 12, 2017, the Ministry of Finance issued Circular No. 28/2017/TT-BTC amending and supplementing a number of articles of the Circular No. 45/2013/TT-BTC dated April 25, 2013 and the Circular No. 147/2016/TT-BTC dated October 13, 2016 guiding the management, use and depreciation of fixed assets.
According to this Circular,...
IN 2017, VIETNAM IMPORTS MORE THAN 50.000 DOZENS OF POULTRY EGGS
On March 03, 2017, the Ministry of Industry and Trade issued the Circular No. 03/2017/TT-BCT on prescribing principles of regulation of import tariff quotas for salt and poultry eggs in 2017.
This Circular also shows that the Ministry of Industry and Trade still remains import tariff quotas in 2017 for...
REFINANCING LOANS ON THE BASIS OF SPECIAL BONDS OF VAMC
The Circular No. 18/2015/TT-NHNN dated October 22, 2015 of the State Bank of Vietnam regulating on refinancing loans on the basis of special bonds of Asset Management Company for Vietnamese Credit Institutions (VAMC) with a view to supporting the operating capital of credit institutions in the process of handling...
