TO ALLOW PILOT INTERNATIONAL SOCCER BETTING IN VIETNAM
Takes effect on March 31, 2017, the Decree No. 06/2017/ND-CP dated January 24, 2017 of the Government on business of betting on horse racing, greyhound racing and international soccer, The Government allows 01 enterprise to pilot the business of betting on international soccer. The duration of pilot international soccer...
Fire and explosion in surance business must pay for fire prevention and fighting activities
In accordance with the Joint Circular No. 214/2013/TTLT-BTC-BCA dated December 31, 2013 of the Ministry of Finance and the Ministry of Public Security detailing the implementation of some articles of the Decree No. 130/2006/ND-CP dated November 08, 2006 of the Government providing for the compulsory fire and explosion insurance regime[...]
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,...
Guidance on allocating profit of Vietnam asset management company
On December 27, 2013, the Ministry of Finance promulgated Circular No. 209/2013/TT-BTC on guiding the financial regulations applicable to Vietnam Asset Management Company (VAMC) for credit institutions, which shall comply with legislations applicable to the one-member limited liability companies of which 100% of charter capital is owned by State, the Government’s Decree No. 53/2013/ND-CP dated May 18, 2013 and related legal documents[...]
Late salary payment for 15 days or more shall be paid interest
Under the Decree No. 05/2015/ND-CP dated January 12, 2015 of the Government guiding the implementation of a number of the Labor Code’s contents, an employee enjoying monthly salary shall be paid on monthly or semi-monthly basis.
In case natural disaster, conflagration or other force majeure events take place, and employers...
Bank must agree with VDB before enterprises borrowing capital
On October 09, 2014, the State Bank of Vietnam issued the Circular No. 29/2014/TT-NHNN dated guiding commercial banks to coordinate with Vietnam Development Bank in the implementation of guarantee mechanism for small- and medium-sized enterprises borrowing capital as stipulated under the guarantee regulation promulgated together with the Decision No. 03/2011/QD-TTg dated January 10, 2011 of the Prime Minister.[...]
Equitization of parent company – VN agricultural machinery corporation
On April 05, 2016, the Prime Minister signed Decision No. 562/QD-TTg on approving plan for equitization of parent company – Viet Nam Engine and Agricultural Machinery Corporation (VEAM), combined transfer a portion of State- owned capital and issuance of new shares in order to increase the charter capital.
Accordingly, Viet Nam...
From February 1,2014, Royal tariff on several natural resources will be raised
This content is regulated in Resolution No. 712/2013/UBTVQH13 dated December 16, 2013 of the Standing Committee of the National Assembly on promulgating the Royal tariff. [...]
Co-Operative bank allowed to reschedule debts
On May 20, 2014, the State Bank of Vietnam issued the Circular No. 14/2014/TT-NHNN amending, supplementing a number of Articles of the Regulations on classification of debts, appropriation, setting up and use of reserves for handling credit risks in banking activities of credit institutions
Casino business must have licenses for collection and payment of foreign currency
On July 24, 2014, the State Bank of Vietnam (SBV) issued the Circular No. 15/2014/TT-NHNN guiding the exchange management of the business of prize-winning electronic games for foreigners[...]
