Conditions on issuance of license for establishment of representative offices in vietnam
The Decree No. 07/2016/ND-CP detailing the Trade Law on representative offices, branches of foreign businesses in Vietnam issued by the Government on January 25, 2016; within that, the most important content is that a foreign business can not establish more than one representative office or branch that has the...
Inland waterway transportation must have automatic dentification system equipment
This is one of the conditions for passenger transportation business along fixed routes in accordance with the Circular No. 110/2014/ND-CP issued by the Government on conditions for inland waterway transportation business.
In particular, beside the condition that vessels are fitted with Automatic Identification System (AIS) equipment when operating along routes...
Diplomatic and consular bags are exempt from customs procedures
On April 14, 2015, the Ministry of Finance issued the Circular No. 49/2015/TT-BTC providing for customs procedures for mails, postal matters and parcels, imports and exports sent via postal services of designated enterprises.
According to this Circular, Imported or exported mails sent via postal...
Ordinary duties on imports applied for many products
On September 01, 2016, the Prime Minister issued the Decision No. 36/2016/QD-TTg dated September 01, 2016 of the Prime Minister on application of ordinary import duties according to Point c Clause 3 Article 5 of the Law on Export and import duties.
Accordingly, ordinary import duty of 5% shall be...
CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
The Circular prescribing that for customers being residents, factoring unit shall consider and decide on factoring when customers being legal status that has legal personality of...
Female workers is prohibited to install high-voltage electric pylons
On October 18, 2013, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 26/2013/TT-BLDTBXH promulgating the list of jobs in which the employment of female workers is prohibited[...]
To 2030, all people will have house with necessary house equipment
On January 25, the Prime Minister signed the Decision No. 198/QD-TTg approving the master plan on socio-economic development of the northern key economic region through 2020, with a vision toward 2030.
The master plan shall be implemented at 07 northern key economic region (embracing 7 provinces and cities, namely Hanoi, Hai...
Contents of state management of foreign loans and debits by self-borrowing and self-payment
On December 26, 2013, the Government issued the Decree No. 219/2013/ND-CP on management of enterprises’ borrowing of foreign loans and payment of foreign debts without government guarantee[...]
From december 8, suspend the teamporary import for re-export of log, sawn timber from laos and cambodia
On October 24, 2014, the Ministry of Industry and Trade issued the Circular No. 37/2014/TT-BCT on suspension of temporary import for re-export of log and sawn timber from natural forests of Laos and Cambodia.
At the same time, to suspend the temporary import of log and sawn timber from natural...
The rate of foreign ownership will not be restricted in the public company
In accordance with the Decree No. 60/2015/ND-CP dated June 26, 2015 of the Government amending and supplementing a number of articles of the Decree No. 58/2012/ND-CP dated July 20, 2012 of the Government stipulating in detail and guiding the implementation of a number of articles of the securities Law...
