New regulations on preferential policies upon selecting tenderers
On November 26, 2013, the National Assembly approved Law on Bidding No. 43/2013/QH13, which shall take effect fromJuly 1, 2014 and supersede Law on Bidding No. 61/2005/QH11[...]
FROM MARCH 15, TO APPLY THE INTEREST RATE IN NEW REGIME
On December 30, 2016, the State Bank of Vietnam issued the Circular No. 39/2016/TT-NHNN prescribing lending transactions of credit institutions and/or foreign bank branches with customers, takes effect on March 15, 2016.
The most important content is the regulations in Interest rate of loan. A credit institution and its customer...
Providing the maximum interest rate applicable to usd deposits
On March 17, 2014, the State Bank of Vietnam issued the Circular No. 06/2014/TT-NHNN providing for the maximum interest rate applicable to USD deposits of organizations, individuals at credit institutions[...]
The detailed planning for seaports in the north central coast (group 2)
On July 29, 2016, the Minister of Ministry of Transport issued Decision No. 2368/QD-BGTVT on approving the detailed planning for seaports in the North Central Coast (Group 2) by 2020 and the orientation towards 2030, includes seaports of Thanh Hoa, Nghe An and Ha Tinh provinces.
With the targets of...
Principles of managing and using fees and charges
On August 23, 2016, the Government promulgates the Decree No. 120/2016/ND-CP on detailing and guiding the implementation of a number of Articles of the Law on Fees and Charges. Under this Decree, fees from public services provided by state agencies shall be paid to state budget, except for cases...
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...
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...
Circular No.01/2015/TT-BXD of Ministry of Construction
This circular provides guidelines for determination of the unit labor cost in the management of the construction cost.
The unit labor cost is calculated according to the following formula:
GNC= LNCx HCBx 1/t
Where:
GNC: The unit labor cost paid to an employee who directly produces their output in a working day.
LNC : The...
Foreign investor parties in business cooperation contracts in VietNam must open direct investment capital accounts
In accordance with the Circular No. 19/2014/TT-NHNN issued by the State Bank of Vietnam on August 11, 2014 guiding the foreign exchange management of foreign direct investment in Vietnam[...]
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[...]
