INCREASE THE DEPOSIT IN THE AUCTION TO 20%
Takes effect on July 01, 2017, the Law on property auction No. 01/2016/QH14 of the National Assembly prescribing that bidders must deposit 5% - 20% reserve price of the auctioned property instead of 1%-5% as in previous regulations.
Also from July 01, 2017, lawyers, public notaries, bailiff, property management officers...
Prepay up to 15% when sign up the auction of national reserve commodities
In accordance with the Circular No. 89/2015/TT-BTC dated June 11, 2015 of the Ministry of Finance guiding warehouse, delivery, purchasing and selling of national reserve commodities, persons who sign up the auction shall be provided with information, documents related to commodities to be auctioned; must pay for the fee...
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...
FREE FOR USING THE LIST OF HOUSING AND REAL ESTATE MARKET INFORMATION AND DATA
On December 15, 2016, the Ministry of Construction issued the Circular No. 27/2016/TT-BXD prescribing a number of Articles of the Decree No. 117/2015/ND-CP dated November 12, 2015 of Government on establishment, management and use of housing and real estate market information system.
In accordance with the regulations in this Circular,...
Guiding the investment from social insurance, health insurance
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...
TO SUPPLEMENT THE SUBJECTS TO USE OF FOREIGN EXCHANGE WITHIN VIETNAM TERRITORY
Takes effect on December 03, 2015, the Circular No. 16/2015/TT-NHNN dated October 19, 2015 of the State Bank of Vietnam amending, supplementing a number of articles of the Circular No. 32/2013/TT-NHNN dated December 26, 2013 of the State Bank Governor guiding the implementation of regulations on restricting the use...
The minimum amount of capital required for an airline is vnd 300 billion
This is the content prescribed at the Decree No. 92/2016/ND-CP dated July 1, 2016 of the Government providing for conditional business sectors or activities in the civil aviation industry and takes effect on July 01, 2016.
In particular, the minimum amount of capital required for establishment and maintenance of an...
Using land not for purposes shall be revoked the exemp ted or reduced land rental amounts
The Ministry of Finance issued the Circular No. 77/2014/TT-BTC guiding a number of articles of the Government’s Decree No. 46/2014/ND-CP of May 15, 2014, on the collection of land rental and water surface rental.[...]
To annul the regulations on crewmen’s passport
The Vietnam Maritime Code No. 95/2015/QH13 passed by the National Assembly on November 25, 2015, taking effect on July 01, 2017 with many important contents.
Firstly, this Code annuls the regulation that crewmen working in Vietnam ships in the international borders must have crewmen’s passport to transit, instead, the crewmen...
A PREGNANT EMPLOYEE MAY UNILATERALLY TERMINATE
If a pregnant employee has a confirmation given by a competent medical facility that the continuation of working will impact negatively the embryo, she may unilaterally terminate or suspend the labor contract is the important contents prescribed at the Decree No. 85/2015/ND-CP dated October 01, 2015 of the Government...
