Charging the waste water by the water bills
On August 06, 2014, the Government issued the Decree No. 80/2014/ND-CP on the waste water drainage and treatment prescribing that Polluters must pay for pollution treatment; the income from drainage service must step by step cover the expense of drainage service.[...]
Increase special excise tax by 5% for alcohol and beer from 2016
On November 26, 2014, the 13th National Assembly on November 26, 2014 during the 8th session pass the Law No. 70/2014/QH13 on amending a number of articles of the Law on Special Excise Duty and deciding to increase special excise tax by 5% for some goods and commodities from...
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...
Incentives for water conservation activities
On June 08, 2015, the Government issued the Decree No. 54/2015/ND-CP providing incentives for water conservation activities, accordingly, water conservation means the application of measures and technologies to recirculate or reuse water, collect rainwater and turn brackish water and saline water into freshwater for use, or to reduce the...
Exempt from import duty for luggage with the total value is vnd 10,000,000 (ten million) at most
Luggage allowances of persons on entry such as liquor and alcoholic beverages, tobacco, personal belongings with the total value is VND 10,000,000 (ten million) at most shall be exempted from import duty is the important content prescribed at the Decision No. 31/2015/QD-TTg dated August 04, 2015 of the Prime...
Tax paid on invividual’s behalf is in deductible expenses
On June 22, 2015, the Ministry of Finance issued the Circular No. 96/2015/TT-BTC guiding the Enterprise Income Tax in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law Amending and Supplementing a Number of Articles of the Tax Laws and amending...
International bidding for thermal power plant project with more than two bot investors
On July 13, 2015, the Ministry of Industry and Trade issued the Circular No. 23/2015/TT-BCT promulgating on orders, procedures of investment on the thermal power plant project in the form of Build – Operate – Transfer and takes effect on September 01, 2015.
In accordance with the regulations in this...
Social insurance inspectors must have at least 1 year of experience
This is an important content specified at Decree No.21/2016/ND-CP dated March 31, 2016 of the Government on specialized inspection by social insurance agencies of contribution to social insurance, unemployment insurance and health insurance.
To conduct specialized inspection of contribution to social insurance, unemployment insurance and health insurance, inspector must have...
To ban some HS codes of asbestos
On September 09, 2016, the Ministry of Construction issued the Circular No. 25/2016/TT-BXD promulgating the list and HS codes of asbestos in amphibole group banned from import.
In accordance with the Circular, The list and HS codes of asbestos in amphibole group banned from import includes Crocidolite:
Crocidolite (blue asbestos): fibrous,...
Shareholding percentage of a foreign organization shall not exceed 15% of a Vietnamese credit institution’s charter capital
This is one of remarkable point in Decision No. 01/2014/ND-CP dated January 3, 2014 of the Government on foreign investors’ share purchase from Vietnamese credit institutions
Accordingly, shareholding percentage of a foreign individual shall not exceed 5% of charter capital of a Vietnamese credit institution and shareholding percentage of a...
