non-application of import tariff-rate quotas for unmanufactured tobacco originated from asean
This is the important content prescribed at the Circular No. 07/2015/TT-BCT dated May 12, 2015 of the Ministry of Industry and Trade prescribed the non-application of import tariff-rate quotas for un-manufactured tobacco originated from ASEAN.
At this Circular, the Ministry of Industry and Trade emphasizes not to apply import tariff-rate...
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,...
IMPOSE A FINE OF VND 3,000,000 UPON ANY EMPLOYER FOR COLLECTING MONEY FROM APPLICANTS
There are many important contents prescribed at the Decree No. 88/2015/ND-CP dated October 07, 2015 of the Government on amending a number of article of the Decree No. 95/2013/ND-CP dated August 22, 2013 of the Government on penalties of administrative violations in labor, social insurance and overseas manpower supply...
PROVINCIAL PEOPLE’S COMMITTEE’S HAVING NO ON-LENT CAPITAL MORE THAN 180 DAYS OVERDUE CAN ACCESS TO ON-LENT CAPITAL
On April 28, 2017, the Government issued the Government No. 52/2017/ND-CP dated April 28, 2017 of the Government on on-lending of the Government’s foreign borrowed capital to People’s Committees of centrally-affiliated cities and provinces.
Within that, the most important content is the eligibility conditions for the provincial People’s Committee’s access...
Salaries for employees joint-stock companies with state controlling stakes
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...
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.[...]
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...
Open fund shall conduct collection under agreed price
On December 31, 2013, the Ministry of Finance issued the Circular No. 216/2013/TT-BTC amending the Circular No. 38/2011/TT-BTC dated March 16, 2011 [...]
From October 15, transfer the permit for foreign exchange transactions
The State Bank of Vietnam issued the Circular No. 21/2014/TT-NHNN dated August 14, 2014 guiding the foreign exchange transactions, conditions, process and procedures for accepting the foreign exchange transactions of credit institutions and branches of foreign banks[...]
BANKS MUST MAINTAIN THE MINIMUM CAPITAL ADEQUACY RATIO OF 8%
Takes effect on January 01, 2020, the Circular No. 41/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam prescribing prudential ratios for operations of banks and/or foreign bank branches.
One of the most important content is that banks without subsidiary companies and/or foreign bank branches must maintain the...
