Legal Updates

In order to maintain, develop and enhance the position of the sparse ethnic minorities; lessen and eradicate poverty, ameliorate sustainably the material and spiritual life of the compatriots in order to narrow the growth gap with other local ethnic groups, Decrease the annual ratio of poor households to 7%...

On October 25, 2016, the Ministry of Finance issued the Circular No. 158/2016/TT-BTC on the management and utilization of the software for aggregation of data on land transport infrastructure asset inventory. Accordingly, The data on land transport infrastructure assets in the software is subject to pre-input verification and validation by...

Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock...

On June 29, 2016, the State Bank of Vietnam issued the Circular 12/2016/TT-NHNN guiding the foreign exchange management of offshore investment activities and takes effect August 13, 2016. In accordance with the regulations of this Decree, after being granted an offshore investment registration certificate, an investor shall open 1 (one)...

On October 06, 2016, the Ministry of Finance issued the Circular No. 146/2016/TT-BTC dated October 06, 2016 of the Ministry of Finance providing for fees for flights over the Vietnam’s airspace and the collection, transfer and management thereof. Accordingly, the fee for flight distance over the Vietnam's airspace under 500...

Any organizations applying for the license to use industrial explosives granted by competent state authorities must pay the fees for processing of applications for the license to use industrial explosives must pay between VND 2 million – VND 5 million depending on different purpose. The fee for processing of application...

This is the important content prescribed at the Circular No. 150/2016/TT-BTC dated October 14, 2016, providing for fees for issuance of license for establishment and operation of credit institutions; license for establishment of foreign banks’ branches, representative offices of foreign credit institutions or other foreign organizations having banking activities;...

In accordance with the Circular No. 156/2016/TT-BTC dated October 21, 2016 of the Ministry of Finance on providing for fees for processing of application for the certificate of multi-level marketing, collection, transfer and management thereof, applies to enterprises applying for issuance, replacement, addition or renewal of the certificate of...

In order to enhance solid waste management, prevent and reduce generated solid waste; prioritize to apply solid waste technologies such as recycle and reuse, minimize landfill method…on October 14, 2016, the Prime Minister signed the Decision No. 1979/QD-TTg on approving the solid waste management planning in Northern key economic...

On July 05, 2016, the Ministry of Industry and Trade issued the Circular No. 12/2016/TT-BCT on amending and supplementing a number of articles of the Minister of Industry and Trade’s Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals. Within that, the important content is the regulations...