Conditions for food safety assurance for vagetable oil production
On December 22, 2014, the Ministry of Industry and Trade issued the Circular No. 59/2014/TT-BCT dated December 22, 2014 prescribing conditions for food safety assurance for vegetable oil production and trading establishments and takes effect on February 06, 2015.
Accordingly, Vegetable oil production establishments must have production location constructed under...
Impose a fine of vnd 5 million for import of pesticides banned from use
This is the content prescribed at the Decree No. 31/2016/ND-CP of the Government on penalties for administrative violations against regulations on plant varieties, plant protection and quarantine.
Accordingly, from June 25, 2016, importing formulated pesticides which are in the list of pesticides permitted for use in Vietnam from a manufacturer...
Reduce interest rate of loan’s outstanding balance for house assistance to 5% per annum
On January 02, 2014, the State Bank of Bank issued the Decision No. 21/QD-NHNN providing the interest rate of commercial bank applied in 2014 for loan’s outstanding balance for house assistance in accordance with the Circular No. 11/2013/TT-NHNN date May 15, 2013[...]
To increase fees for issuance of the license to provide international travel services
This is the new content prescribed by the Circular No. 177/2016/TT-BTC issued by the Ministry of Finance on November 01, 2016 providing for fees for issuance of the license to provide international travel services, fees for issuance of tourist guide identification cards, charges for issuance of narrator’s certificates, charges...
Encourage to provide for the voluntary supplemental retirement program
At the Decree No. 88/2016/ND-CP dated July 01, 201 of the Government on voluntary supplemental retirement program. The Government encourages developing voluntary supplemental retirement programs by means of incentive policies provided for in laws on taxation and investment results and payment rates made by retirement funds shall not be...
Credit institutions are entitled to overdraft for compensate for the shortage of capital in the inter-bank electronic payment
Takes effect on March 25, 2017, the Circular No. 29/2016/TT-NHNN dated October 12, 2016 stipulating overdraft and overnight lending applicable in the inter-bank electronic payment, to allow credit institutions to make payment in excess of the credit balance in their Vietnamese dong clearance account opened at the Banking Operation...
Independent audit for public interest units must have charter capital of VND 4 billion
On December 04, 2013, the Ministry of Finance issued the Circular No. 183/2013/TT-BTC on independent audit for public interest units[...]
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...
PROCEDURES FOR FORMULATION, ASSESSMENT AND APPROVAL FOR ELECTRICITY TRANSMISSION PRICE
On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission price; applicable to Vietnam Electricity, National Power Transmission Corporation, system and market operator, Electric Power Trading Company, power corporations...
Time limit for voluntary execution of a judgment is 10 days
On November 25, 2014, the National Assembly issued the Law No. 64/2014/QH13 amending and Supplementing a Number of Articles of the Law on Enforcement of Civil Judgments. Under this Law, it amends on Time limit for voluntary execution of judgments. Specifically, the time limit for voluntary execution of a...
