Diplomatic and consular bags are exempt from customs procedures
On April 14, 2015, the Ministry of Finance issued the Circular No. 49/2015/TT-BTC providing for customs procedures for mails, postal matters and parcels, imports and exports sent via postal services of designated enterprises.
According to this Circular, Imported or exported mails sent via postal...
EMPLOYERS MUST CONTRIBUTE 0.5% OF THE SALARY FUND TO THE OCCUPATION ACCIDENT AND DISEASE INSURANCE FUND
Takes effect on June 01, 2017, the Decree No. 44/2017/ND-CP dated April 14, 2017 of the Government on the rate of contribution to the occupational accident and disease insurance fund.
In accordance with regulations in this Decree, employers shall monthly contribute to the occupation accident and disease insurance fund with...
Fees for issuance of the license for establishment of a bank is VND 140 million/license
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;...
Subjects allowed to use foreign exchange within Vietnam’s territory
On December 26th 2013, the State Bank of Vietnam issued Circular No. 32/2013/TT-NHNN on guiding the implementation of regulations on restricting the use of foreign exchange within the territory of Vietnam and residents are allowed to contribute capital in foreign currency by transfer in order to perform foreign investment projects in Vietnam. [...]
Regulations on secured loan of credit guarantee fund
On May 04, 2015, the State Bank of Vietnam issued the Circular No. 05/2015/TT-NHNN guiding credit institutions to collaborate with credit guarantee fund in offering secured loan of credit guarantee fund as stipulated under Decision No. 58/2013/QD-TTg dated October 15, 2013 of the Prime Minister.
Also in accordance with this...
Business households employ more than 10 regular employees have a fine to vnd 5 million
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...
The pest announcement decision shall be notified within 24 hours
On December 04, 2014, the Government issued the Decree No. 116/2014/ND-CP detailing a number of articles of the Law on Plant Protection and Quarantine, prescribing that within 24 hours after pest announcement, the pest announcement decision shall be notified in the central and local mass media; administrations of localities...
LIMITATION ON CROSS-OWNERSHIP AMONG COMPANIES
On October 02, 2015, the Ministry of Finance issued the Circular No. 152/2015/TT-BTC guiding the severance tax, and the taxable items are metallic minerals; non-metallic minerals; products of natural forests; natural aquatic organisms, including marine animals and plants; natural water; natural bird’s nests other than those collected from construction...
Hand goods for personal consumption exempted from food safety inspection
In accordance with the Circular No. 12/2015/TT-BNNPTNT dated March 16, 2015, providing guidance on food safety inspection of goods originating from imported plants. Hand goods for personal consumption of eligibility for import tax exemption; goods in diplomatic bags and consular bags; transited goods; goods sent in bonded warehouses; goods...
Conditions on export of minerals
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...
