Suspend the penalties for vehicle achieving the rate of below 10%

On July 08, 2014, the Government issued the Resolution No. 47/NQ-CP on the Government’s Regular Meeting – June 2014, approved that till December 31[...]
Legal Updates

Issue notification of classification results is within 5 working days

This is the content prescribed at the Circular No. 14/2015/TT-BTC dated January 30, 2015 of the Ministry of Finance guiding the classification, analysis for classification; analysis for quality inspection and food safety inspection of exports and imports. Accordingly, within 5 working days, or 20 working days in case the analysis...

Support policies for the projects of social house’s development

In accordance with the Decree No. 188/2013/ND-CP on developing and managing social houses, the projects of social house’s development shall have some consistent incentives on land, tax or investment. In particular, the area of land within the approved project is exempt from land levies and land rent; eligible for preferential...

Vault doors must have import permits

On August 01, 2014, the State Bank of Vietnam issued the Circular No. 18/2014/TT-NHNN on guiding import of goods subject to the State Bank’s specialized management[...]

REGULATIONS ON DERIVATIVE SECURITIES

On March 16, 2017, the Ministry of Finance issued the Circular No. 23/2017/TT-BTC dated  March 16, 2017 of the Ministry of Finance on revising and supplementing a number of articles of the Circular No. 11/2016/TT-BTC dated January 19, 2016 on instructions for certain articles of the Government's Decree No....
Regulations on asset management officer’s remuneration

Regulations on asset management officer’s remuneration

On February 16, 2015, the Government issued the Decree No. 22/2015/ND-CP detailing a number of articles of the Law on Bankruptcy regarding asset management officers and asset management and liquidation practice. Within that, an asset management officer or asset management and liquidation firm shall refuse to conduct asset management...
export tax

Increase the export tax rates applicable to gold jewelry, goldsmiths’ wares by 2% from may 07, 2015

On March 23, 2015, the Ministry of Finance issued the Circular No. 36/2015/TT-BTC dated March 23, 2015 amending the export tax rates applicable to gold jewelry, goldsmiths’ wares and other golden articles in subheadings 71.13, 71.14, 71.15 of export tax schedule. Accordingly, from May 07, 2015, the export tax rates...

Only pay outstanding debts in capital construction arising before 2015

On June 18, 2014, the National Assembly passed the Law No. 49/2014/QH13 on Public Investment and decides to only pay outstanding debts in capital construction arising before January 01, 2015[...]

Precious gems with the value of VND 300 million must subject to custom declaration

In accordance with the Circular No. 35/2013/TT-NHNN dated December 31, 2013 of the State Bank of Vietnam guiding a number of provisions on anti-money laundering. Value of cash in foreign currency or Vietnam dong, precious metals, gems and negotiable instruments of VND 300 million must subject to customs declaration

FEES FOR CITIZEN IDENTIFICATION CARD IS VND 50.000/CARD

In accordance with the Circular No. 170/2015/TT-BTC dated November 09, 2015 of the Ministry of Finance providing on collection rate, collection regime and management of fees for citizen identification card, citizens being 14 years old or over process the procedures of granting the citizen identification card for the first...