Petrol and oil temporarily imported for re-export may be retained in Vietnam within maxium 180 days
On October 9, 2013, the Ministry of Finance promulgated Circular No. 139/2013/TT-BTC, on customs procedures for petrol and oil exported[...]
Hanoi has scheme on 8 rapid bus routes
In order to develop the infrastructure traffic network which is synchronous, sustainable, modern, accessible, convenient and meet the travel needs of people and be of environmental friendliness, the Prime Minister signed the
Decision No. 519/QD-TTg approving the transportation planning of Hanoi Capital by 2030, with a vision to 2050,...
Not yet handovered the house, the owner must pay 70% charges
On November 25, 2014, the National Assembly officially approved the Housing Law No. 65/2014/QH13, replacing the Housing Law No. 56/2005/QH11 with many new contents.
For owners of commercial housing projects, within 50 days from the date of handover of houses to purchasers or from the time when lessees make full...
Decree No. 32/2015/ND-CP of Government regarding to the construction cost management.
Some significant regulations of the Decree:
- Construction costs of each project, construction, contract must be calculated correctly and sufficiently and appropriate for design requirements, technical instructions, construction conditions, market prices at that time, and the construction site.
- Investors may hire cost management consultants who are qualified as prescribed in...
Conditions applied for kinds of contract prices
On December 11, 2013 the Government issued the Decree No. 207/2013/ND-CP amending and supplementing a number of Articles of the Decree No. 48/2010 dated May 07, 2010 of the Government on contracts in [...]
Refund of funds in case of failing to obtain mineral exploration licenses
According to the Joint Circular No. 61/2014/TTLT-BTNMT-BKHDT-BTC dated November 14, 2014 of the Ministry of Natural Resources and Environment, the Ministry of Planning and Investment and the Ministry of Finance guiding procedures for contributing capital to geological baseline surveys of minerals by organizations and individuals and management of their...
From april 01, exempt import taxes of many commodities from japan
On February 14, 2015, the Ministry of Finance issued the Circular No. 24/2015/TT-BTC promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019.
Accordingly, applicable from April 1, 2015, through March 31, 2016, to apply the import tax rate of 0% for many commodities....
Disposal of security assets must be Informed at least before 7 days
On June 06, 2014, the Joint-ministries of Justice, Natural resources and Environment, the State Bank of Vietnam issued the Joint Circular No. 16/2014/TTLT-BTP-BTNMT-NHNN guiding a number of matters on disposal of security assets.[...]
Supervision of state enterprises in the observance of law
In order to assist state management agencies and owners in detecting weaknesses in business activities of state enterprises[...]
CITIZENS HAVE THE RIGHT TO MONITOR INVESTMENT PROJECTS
On December 30, 2015, the Government issued the Decree No. 84/2015/ND-CP on investment supervision and evaluation; within that, Citizens have the right to monitor investment projects through community investment monitoring boards.
In particular, a community investment monitoring board may request competent state management agencies to provide information on socio-economic development...
