A hi-tech enterprise has 5% staff members holding a university or higher degree
This is the prominent content prescribed at the Decision No. 19/2015/QD-TTg dated June 15, 2015 of the Prime Minister prescribing criteria for identifying hi-tech enterprises.
Accordingly, from August 01, 2015, beside satisfying the criteria prescribed at Point a and b, Article 75 of the Investment Law, a hi-tech enterprise ...
Import of steel scraps must deposit from 10% – 20%
In order to ensure that scrap importers take responsibility for handling environmental risks and pollution which may arise from the imported scrap lots, in the Decree No. 38/2015/ND-CP dated April 24, 2015 on the management of wastes and scraps, the Government requires scrap importers to pay deposits at Vietnam...
Contents of state management of foreign loans and debits by self-borrowing and self-payment
On December 26, 2013, the Government issued the Decree No. 219/2013/ND-CP on management of enterprises’ borrowing of foreign loans and payment of foreign debts without government guarantee[...]
Allowed to submit the copies on granting for establishing banks
This is the new content prescribed at the Circular No. 08/2015/TT-NHNN dated June 30, 2015 of the State Bank of Vietnam amending, supplementing a number of Articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the State Governor of Vietnam regulating on licensing and organizations, operations of...
Responsibility to assess, and claim compensation for environmental damage
On January 06, 2015, the Government issued the Decree No. 03/2015/ND-CP providing the assessment of environmental damage and replaces the Government’s Decree No. 113/2010/ND-CP of December 3, 2010, providing the assessment of environmental damage and takes effect on March 01, 2015.
Accordingly, organizations or individuals that pollute or degrade the...
Guarantees for sale and hire-purchase of future-acquired houses
On June 25, 2015, the State Bank of Vietnam issued the Circular No. 07/2015/TT-NHNN stipulating the bank guarantee, within that guarantees for sale and hire-purchase of future-acquired houses is the most important contents.
In particular, when giving a bank guarantee to the owner of real estate projects developed for the...
RATES OF ENVIRONMENTAL PROTECTION CHARGE ON MINERAL EXPLOITATION ARE VND 100,000/TON FOR CRUDE
Takes effect on January 01, 2017, the Decree No. 164/2016/ND-CP dated December 24, 2016 of the Government on environmental protection charge on mineral exploitation prescribing that the rates of environmental protection charge on mineral exploitation are VND 100,000/ton for crude, VND 50/m3 for natural gas and coal seam gas,...
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...
ALLOWED TO SELL DUTY-FREE GOODS ON THE FLIGHT TO VIETNAM
The Prime Minister has just signed the Decision No. 39/2015/QD-TTg dated September 11, 2015 of the Prime Minister on amending and supplementing a number of articles of the duty-free trade issued with the Decision No. 24/2009/QD-TTg dated February 17, 2009 of the Prime Minister promulgating the Regulation on trading...
Quota on energy consumption of the steel industry
On September 20, 2016, the Ministry of Industry and Trade issued the Circular No. 20/2016/TT-BCT on the quota on energy consumption of the steel industry.
In accordance with the regulations at this Circular, to the end of 2020, The quota on energy consumption of the steel industry is 14,000 MJ/ton...
