Employees may file petitions for initiation of bankrupttcy procedures when enterprises fall to pay salaries within 3 months
On June 19, 2014, the National Assembly passed the Law No. 51/2014/QH13 on Bankruptcy with a number of new and important contents.[...]
DISCLOSURE OF THE STATE FINANCIAL REPORTS IS COMPULSORY
On March 14, 2017, the Government issued the Decree No. 25/2017/ND-CP on state financial reports prescribing that national and provincial state financial reports shall be made according to the annual accounting period starting on January 1 and ending on December 31 of the calendar year.
Units tasked to compile state...
Must pay from a half of land use levy upon re-sale of social houses for the state
This is the important content prescribed at the Circular No. 139/2016/TT-BTC dated September 16, 2016 of the Ministry of Finance guiding the exemption from land use levy or land rental, refund to or clearing against financial obligations of social housing investors, and method of determination of land use levy...
Fine forgiveness for late payment of tax incurred of businesses having objective difficulties
Businesses having objective difficulties and having paid the original tax debt prior to December 31, 2014 shall be forgiven of fine for late payment of tax incurred prior to July 01, 2013 is the plan of the Government at the Resolution No. 63/NQ-CP dated August 25, 2014 [...]
REGULATIONS OF ENROLLMENT TARGETS AT INTERMEDIATE AND COLLEGE LEVEL
On March 02, 2017, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 05/2017/TT-BLDTBXH dated March 2, 2017 of the Ministry of Labor, War Invalids and Social Affairs on regulations of enrollment and determination of enrollment targets at intermediate and college level.
In accordance with this...
THE STATE BANK OF VIETNAM SHALL ORGANIZE THE COMMUNICATION DEPARTMENT
From February 17, 2017, organizational structure of the State Bank of Vietnam concludes 26 units, instead of 27 units as before is the important content at Decree No. 16/2017/ND-CP dated February 17, 2017 of the Government defining the functions, tasks, powers and organizational structure of the State Bank of...
To lengthen the term for short-term loans by foreign currency
This content is prescribed at the Circular No. 31/2016/TT-NHNN of the State Bank of Vietnam on amending, supplementing a number of articles of the Circular No. 24/2015/TT-NHNN dated December 8, 2015 of the State Bank of Vietnam on foreign currency loans granted to residents by credit institutions and branches...
To classify pay scale and payroll in state securities trading organization
Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock...
100% of Medicines-trading establishments meet good practice standard.
This is one of objectives that the Prim Minister placed for the Ministry of Health, the Ministry of Industry and Trade and other relevant industries at the Decision No. 68/QD-TTg dated January 10, 2014 approving the National Strategy on Vietnam pharmaceutical industry’s development to 2020 and with the vision to 2030[...]
Cases making non-cash payments
On December 31, 2013, the Government issued the Decree No. 222/2013/ND-CP of the Government providing for cash payment; of which, one of the most significant points is regulation on cases making non-cash payments[...]
