Legal Updates

Takes effect on August 01, 2016, Decree No. 51/2016/ND- CP of the Government on management of employees, salaries, bonuses of employees in single-member limited liability companies of which charter capital is wholly owned by the State, includes: Parent companies of State-owned economic corporations or State-owned general companies or parent...

On June 13, 2016, the Decree No. 52/2016/ND-CP issued by the Government providing for salary, remuneration and bonus payment to managers of single-member limited liability companies of which charter capital is wholly owned by the State. Accordingly, for economic corporation, the pay factors of full-time President of  the  Board of...

In accordance with the Decree No. 53/2016/ND-CP dated June 13, 2016 of the Government regulating on management of  employees, salaries, remunerations and bonuses by joint-stock companies with State controlling stakes. Employee salaries are according to payroll budget and the reality, every company shall determine the piece rate for production/business...

This is one of the most important solutions on tax incentives for developing and applying information technology in Vietnam issued with the Resolution No. 41/NQ-CP dated May 26, 2016 of the Government. In particular, beside the policy that personal income tax on salary-based and wage-based incomes of individuals working in...

According to Circular No. 58/2016/TT-BTC dated March 29, 2016 of the Ministry of Finance detailed regulations on use of State funding for making purchases for the purpose of maintaining regular operations of State agencies, units affiliated to people's armed force, public service providers, political organizations, socio-political organizations, social- political-professional...

In accordance with the Decree No. 30/2016/ND-CP dated April 28, 2016 of the Government detailing investment from social insurance, health insurance and unemployment insurance  funds,  takes  a  form  in  the  following order  of priority: Purchase of government bonds; Provision of loans to the state budget; Making of deposits, or...

    This  is  one of  the important content sprescribed at the Decree No. 50/2, 2016 of the Government  on   penalties   for   administrative  violations against  regulations  on  planning  and  investment,  takes effect on July 15, 2016. In particular, from July 15, 2016, business households employ more than 10 regular...

On April 25, 2016, the Ministry of Finance, the Ministry of Culture, Sports and Tourism issued the Joint Circular No.64/2016/TTLT-BTC-BVHTTDL guiding the implementation of the national single-window mechanism with respect to the procedure of appraising contents of imported children’s toys under specialized management of the Ministry of Culture, Sports and...

On April 05, 2016, the Prime Minister signed Decision No. 562/QD-TTg on approving plan for equitization of parent company – Viet Nam Engine and Agricultural Machinery Corporation (VEAM), combined transfer a portion of State- owned capital and issuance of new shares in order to increase the charter capital. Accordingly, Viet Nam...

The Resolution No. 142/2016/QH13 on 5-year socio- economic development plan from 2016-2020 passed by the National Assembly on April 12, 2016, Stabilize the macro- economy and boost the growth of national economy; restructure the economy, improve productivity and competitiveness.   Foster   national   cultures,   democracy, social justice, social welfare and security… The...