Add more superior people’s courts
Instead of having the Supreme People’s Court; Courts of provinces and centrally run cities; Courts of rural districts, urban districts, towns, provincial cities and the equivalent and Military courts as current regulations, from June, 2015, the people’s courts system add more Superior people’s courts. This is the new content...
From October 29, interest rate applicable to USD deposits
On October 28, 2014, the Governor of State Bank issued the Decision No. 2172/QD-NHNN dated October 28, 2014 of the State Bank of Vietnam providing for the maximum interest rate applicable to USD deposits of organizations, individuals at credit institutions in accordance with the Circular No. 06/2014/TT-NHNN dated March 17, 2014.[...]
Fee for verification of conditions for a commercial arbitration center establishment 3 million/time
On November 10, 2016, the Ministry of Finance issued Circular No. 222/2016/TT-BTC on the rate, collection, submission, administration and use of the fees for verification of criteria and conditions for the practice of commercial arbitration.
Accordingly, fee for verification of criteria and conditions for the establishment of a commercial arbitration...
Foreign loans over 10 million usd are subject to registration with the state bank
On September 15, 2014, the State Bank of Vietnam issued the Circular No. 25/2014/TT-NHNN guiding the procedure on registering and registering for changes of foreign loan of businesses not guaranteed by the Government[...]
Reducing the average poverty rate by 1.5%/year
This is one of the economic – social objectives directed by the Prime Minister at the Directive No. 22/CT-TTg on the elaboration of the 05 year socio-economic development plan from 2016 to 2020[...]
Charging the waste water by the water bills
On August 06, 2014, the Government issued the Decree No. 80/2014/ND-CP on the waste water drainage and treatment prescribing that Polluters must pay for pollution treatment; the income from drainage service must step by step cover the expense of drainage service.[...]
New provision on land rental exemption and reduction
The Government issued Decree No. 135/2016/ND-CP dated September 09, 2015 amending and supplementing a number of articles on collection of land rental and water surface rental, within that prescribed land rental exemption or reduction is not applied in the case of auction on land lease rights.
Similarly, land use levy...
Taxable price of natural water used for hydroelectricity generation
On October 28,2016, the Ministry of Finance issued the Circular No. 174/2016/TT-BTC on amending and supplementing point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 02, 2015 by the Ministry of Finance providing guidance on resource royalty.
Accordingly, from December 12, 2016, taxable price of natural water...
Principles in which a treaty is concluded
On April 09, 2016, the National Assembly passed the Law No. 108/2016/QH13 on treaties, emphasizes that conclusion and operation of treaties must compliance with the Constitution of Socialist Republic of Vietnam; respect for and observance of national independence, sovereignty, integrity, prohibition of the use or threat of force, non-interference...
The reserve price of the auctioned assets
The Ministry of Justice has just issued the Circular No. 18/2014/TT-BTP dated September 08, 2014 guiding the asset auctions as prescribed in Decree No. 53/2013/ND-CP on establishment, organization and operation of Vietnam Asset Management Company (hereinafter referred to as VAMC).[...]
