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
CITIZENS HAVE THE RIGHT TO MONITOR INVESTMENT PROJECTS
On December 30, 2015, the Government issued the Decree No. 84/2015/ND-CP on investment supervision and evaluation; within that, Citizens have the right to monitor investment projects through community investment monitoring boards.
In particular, a community investment monitoring board may request competent state management agencies to provide information on socio-economic development...
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...
Regulations on construction investment costs
This is one of the contents prescribed at the Circular No. 06/2016/TT-BXD dated March 10, 2016 of the Ministry of
Construction guiding the determination and management of construction investment costs.
In accordance with this Circular, the construction works price includes the detailed construction unit price of works and the general...
VAMC MUST REPORT BAD DEBTS BEFORE 02 OF MARCH BEFORE THE FINANCIAL YEAR
Takes effect on February 15, 2017, the Circular No. 33/2016/TT-NHNN dated December 27, 2016 of the State Bank of Vietnam on ratios of revenues of asset management company of Vietnamese credit institutions to bad debts bought with special bonds.
At the Circular, the State Bank of Vietnam prescribes not later...
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,...
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...
REGULATIONS ON TRAINING VOCATIONAL EDUCATION TEACHERS
On March 08, 2017, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 06/2017/TT-BLDTBXH dated March 8, 2017 of the Ministry of Labor, War Invalids and Social Affairs on recruitment, employment, and training applicable to vocational education teachers. This Circular applies to teachers in vocational...
Credit institutions allows to have custody services, security cabinets and safes for lease
In accordance with the Circular No. 02/2016/TT-NHNN on provision of the custody services, security cabinets and safes for lease by credit institutions issued by the State Bank of Vietnam on February 26, 2016, Credit institutions allows to have custody services, security cabinets and safes for lease when such services...
Foreign loans over 10 million usd are subject to registration with the state bank
On September 15, 2014, the State Bank of Vietnam issued the Circular No. 25/2014/TT-NHNN guiding the procedure on registering and registering for changes of foreign loan of businesses not guaranteed by the Government[...]
