Banks must converse basic foreign exchange activities before November of 2017
On October 05, 2016, the State Bank of Vietnam issued the Circular No. 28/2016/TT-NHNN on amending and supplementing a number of articles of Circular No. 21/2014/TT-NHNN of August 14, 2014, of the Governor of the State Bank of Vietnam, guiding the scope of foreign exchange activities and the conditions,...
IDENTIFICATION OF FOREIGN WORKERS INTERNALLY REASSIGNED BY ENTERPRISES
On December 28, 2017, the Ministry of Industry and Trade issued the Circular No. 35/2016/TT-BCT on identification of foreign workers who are eligible for work permit exemption and internally reassigned by enterprises operating within eleven service sectors specified in Vietnam’s WTO commitments on services.
Accordingly, Grounds for identification of foreign...
Rules of origin provided for in VN – EAEU FTA
On September 20, 2016, the Ministry of Industry and Trade issued the Circular No. 21/2016/TT-BCT providing for the implementation of rules of origin provided for in the free trade agreement between Vietnam and Eurasian Economic Union, the rules of origin provided for in this Circular shall be applied only...
New regulations on bank transfer confirmation
On October 28, 2016, the Ministry of Finance issued the Circular No. 173/2016/TT-BTC on amending and supplementing the first paragraph of clause 3 Article 15 of Circular No. 219/2013/TT-BTC by the Ministry of Finance (amended by Circular No. 119/2014/TT-BTC, Circular No. 151/2014/TT-BTC and Circular No. 26/2015/TT-BTC by the Ministry...
Fees for processing of applications for the license to use industrial explosives is VND 5 million
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...
Taxable price of natural water used for hydroelectricity generation
On October 28,2016, the Ministry of Finance issued the Circular No. 174/2016/TT-BTC on amending and supplementing point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 02, 2015 by the Ministry of Finance providing guidance on resource royalty.
Accordingly, from December 12, 2016, taxable price of natural water...
Enterprises with a charter caplital of vnd 15 billion are entitled to create self-printed invoices
In accordance with the Circular No. 39/2014/TT-BTC guiding the implementation of the Government’s Decree No. 51/2010/ND-CP of May 14, 2010, and Decree No. 04/2014/ND-CP of January 17, 2014, on goods sale and service provision invoices[...]
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 electricity retail tariff is from 0-50 kWh is 92% of the average price
On April 07, 2014, the Prime Minister signed the Decision No. 28/2014/QD-TTg on structure of electricity retail tariff.
In particular, this Decision regulates that the electricity retail price for domestic purposes include 6 levels, from 0 – 50 kWh is 92%; from 51 – 100 kWh is 95% [...]
Supervision of state enterprises in the observance of law
In order to assist state management agencies and owners in detecting weaknesses in business activities of state enterprises[...]
