To reduce the ratio of poor households by 1.5% to 2% by 2015

This is one of important points prescribed in Solution No. 53/2013/QH13 dated November 11, 2013 of the 13th National Assembly on socio- economic development plan in 2014 In the next two years 2014- 2015, the National Assembly asks the Government to focus on shortcomings and weaknesses; to stabilize and restructure...

Subjects under foreign currency loans policy in 2014

On December 6, 2013 the State Bank of Viet Nam issued Circular No. 29/2013/TT-NHNN, stipulating on provision of foreign currency loans of the credit institutions and foreign banks’s branches with customers being residents. [...]

Credit institution must have advances from vamc for the bad debts

In accordance with the Circular No. 20/2014/TT-NHNN dated August 12, 2014 of the State Bank of Vietnam on receipts and advances from Vietnam Asset Management Company (VAMC) for the bad debts bought by special bonds[...]

PUBLIC COMPANY SHALL BUILD ITS WEBSITE WITHIN 6 MONTHS AFTER IT BECOMES PUBLIC

Takes effect on January 01, 2016, the Circular No. 155/2015/TT-BTC dated October 06, 2015 of the Ministry of Finance guiding the disclosure of information on the securities market, requires that public company shall build its website within 6 months after it becomes public. Similarly, public company shall build its website...

Pictures of patients are banned from medicine advertisements.

On November 14, 2013, the Government issued the Decree No. 181/2013/ND-CP on guiding the implementation of some Articles of the Law on Advertising, within that pictures of patients[...]
Male employees whose wives give birth to children are entitled to a leave 5-7 days

Male employees whose wives give birth to children are entitled to a maternity leave of 5-7 working days

This new content is formally regulated in the Insurance Law No. 58/2014/QH13 passed by the National Assembly on November 20, 2014. Accordingly, from 2016, male employees currently paying social insurance premiums whose wives give birth to children are entitled to a maternity leave of 5 working days; 7 working...

Macro-financial Organizations allowed to get foreign loan in Vietnam Dong

This is the content of the Circular No. 12/2014/TT-NHNN dated March 31, 2014 of the State Bank of Vietnam regulating on conditions for foreign loans of enterprises without government guarantee[...]

Exempt from import duty for machinery imported or temporarily imported for re-export to serve ODA

On December 03, 2013, the Ministry of Finance issued the Circular No. 181/2013/TT-BTC guiding the implementation of tax policies and incentives for programs and projects funded with official development assistance (ODA) capital or concessional loans provided by donors[...]

VISA EXEMPTION FOR OVERSEAS VIETNAMESE

Taking effect on November 15, 2015, the Decree No. 82/2015/ND-CP dated September 24, 2015 of the Government prescribing visa exemption for overseas Vietnamese and foreigners who are spouses or children of overseas Vietnamese or Vietnamese citizens, having a passport or an international travel document valid for at least 1...

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...