License fees for organization engaging in business with the maximum level of VND 3 million
Takes effect on January 01,2017, the Circular No. 302/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding the license fees for the organizations and individuals engaging in business operation from VND 01 – 03 million/year.
Within that the amounts of annual licensing fees for organizations engaging in business...
Prepay up to 15% when sign up the auction of national reserve commodities
In accordance with the Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Ministry of Finance guiding warehouse, delivery, purchasing and selling of national reserve commodities, persons who sign up the auction shall be provided with information, documents related to commodities to be auctioned; must pay for the fee...
Electronic data messages are considered the identification of evidences
In accordance with the Law on Administrative Procedures No. 93/2015/QH13 passed by the National Assembly on November 25, 2015, beside original exhibits, Notarized or authenticated documents, testimonies of involved parties or witnesses…From July 01, 2016, electronic data messages expressed in the form of exchange of e-data, e-documents, emails,...
Reduce interest rate of loan’s outstanding balance for house assistance to 5% per annum
On January 02, 2014, the State Bank of Bank issued the Decision No. 21/QD-NHNN providing the interest rate of commercial bank applied in 2014 for loan’s outstanding balance for house assistance in accordance with the Circular No. 11/2013/TT-NHNN date May 15, 2013[...]
INVESTORS IN THE AUCTION TO BUY SHARES IN BLOCKS ARE NOT REQUIRED TO HOLD A PUBLIC PROCUREMENT
Taking effect on the signing date, the Decision No. 41/2015/QD-TTg issued by the Government on September 15, 2015 on selling shares in blocks deals with withdrawal of state capital of unlisted public companies from joint-stock companies that have not been listed or registered on Upcom (Hanoi Stock Exchange), the...
The reserve price of the auctioned assets
The Ministry of Justice has just issued the Circular No. 18/2014/TT-BTP dated September 08, 2014 guiding the asset auctions as prescribed in Decree No. 53/2013/ND-CP on establishment, organization and operation of Vietnam Asset Management Company (hereinafter referred to as VAMC).[...]
PROCEDURES FOR FORMULATION, ASSESSMENT AND APPROVAL FOR ELECTRICITY TRANSMISSION PRICE
On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission price; applicable to Vietnam Electricity, National Power Transmission Corporation, system and market operator, Electric Power Trading Company, power corporations...
PREFERENTIAL POLICIES APPLICABLE TO INDIVIDUALS ENGAGING IN EMERGENCY EVENTS AND SAR
In accordance with the Decree No. 33/2017/ND-CP dated April 03, 2017 of the Government on penalties for administrative violations against regulations on water and mineral resources; the fines for discharging wastewater into water bodies without licenses are between VND 20 – 250 million.
In particular, a fine ranging from VND...
New regulations on the management of state foreign exchange reserves
On May 20, 2014, the Government issued the Decree No. 50/2014/ND-CP on the management of State foreign exchange reserves.
The land price bracket in urban areas is vnd 162 million/m2 at most
According to the Decree No. 104/2014/ND-CP dated November 14, 2014 of the Government on the land price bracket, from December 29, 2014, the land price bracket ranges from VND 40,000/m2 to VND 162 million/m2; Of which, the highest price - VND 162 million/m2 shall be applied for the Red...
