FREE TAX FOR PURCHASE, SALE AND EXCHANGE OF GOODS BY BORDER INHABITANTS
The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed...
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,...
MAY IS THE OCCUPATIONAL SAFETY AND HEALTH ACTION MONTH
In accordance with the Circular No. 02/2017/TT-BLDTBXH dated February 20, 2017 of the Ministry of Labor, War Invalids and Social Affairs guiding the guidelines for organization of the occupational safety and health action month, the Occupational Safety and Health Action Month shall be organized from the 01st day to...
Activities of representative office of foreign Educational Institute in Vietnam
Under Vietnam Law, a Foreign Educational Institute having been operating in Foreign Country for at least 5 years upward, being recognized by competent authority in Foreign Country for its quality can setup a Representative Office in Vietnam. [...]
Principles to deal with 100% State-owned charter capital
On December 9, 2013, the Government promulgated Decree No. 206/2013/ND-CP on management of debts of enterprises with 100% State-owned charter capital[...]
On energy consumption norms in beer and beverage production industry
Takes effect on November 01, 2016, the Circular No. 19/2016/TT-BCT dated September 14, 2016 of the Ministry of Industry and Trade on energy consumption norms in beer and beverage production industry in the period to the end of 2020 and the period from 2021 to the end of 2025.
Particularly,...
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...
EXPORT PROCESSING ENTERPRISES MAY SELL THEIR LIQUIDATED ASSETS AND GOODS IN THE INLAND MARKET
Takes effect on December 25, 2015, the Decree No. 114/2015/ND-CP dated November 09, 2015 Amending and supplementing Article 21 of the Government’s Decree No. 29/2008/ND-CP of March 14, 2008, on industrial parks, export processing zones and economic zones, export processing enterprises may sell their liquidated assets and goods in...
Charge for licensing of the export of workers in overseas term employment 5 million/time
According to Circular No. 259/2016/TT-BTC dated November 11, 2016 of the Ministry of Finance on the rate, collection, submission, administration and use of the fee for verification of documents and the charge for licensing of the export of Vietnamese workers on contract basis, charge for new licensing of the...
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.[...]
