Credit institution must adjust the excessive share ownership rate before 2016
Credit institutions coordinates with shareholders, groups of shareholder related to share ownership to set up remedial plans for owning excessive shares , to make sure that no later than December 31, 2015 the share ownership rate of shareholders, group of related shareholders in credit institutions shall comply with the...
Import of used ships for dismantlement must have at least vnd 50 billion
According to the Decree No. 114/2014/ND-CP dated November 26, 2014 of the Government on subjects eligible and conditions for licensed import and dismantlement of used ships, a used ship imported for dismantlement shall be brought to a ship dismantlement establishment within 30 days after customs formalities are completed and...
Decentralized wastewater treatment technologies
On April 03, 2015, the Ministry of Construction issued the Circular No. 04/2015/TT-BXD dated April 03, 2015 of the Ministry of Construction guiding the implementation of a number of articles of the Decree No. 80/2014/ND-CP dated August 06, 2014 of the Government on the waste water drainage and treatment.
Within...
Foreign exchange agents aren’t allowed to exchange foreign currency for other foreign currencies
As in former regulations, foreign exchange agents are not allowed to exchange foreign currency cash for Vietnam dong, then in accordance with this Circular, foreign exchange agents are not allowed to exchange foreign currency cash for other foreign currencies either. Now, these agents are only allowed to exchange Vietnam...
Restricting the new establishment of timber processing and trading establishments
On December 11, 2014, the Prime Minister signed the Decision No. 2242/QD-TTg approving the Scheme for strengthening the management of natural forest’s timber exploitation in 2014 – 2020 in order to improve quality of natural forest and develop the production forests with high quality eligible for sustainable exploitation...
Conditions for manufacture of cosmetic products
On July 01, 2016, the Government issued the Decree No. 93/2016/ND-CP providing for conditions for manufacture of cosmetic products, within that, the manufacture of cosmetic products must have a cosmetic manufacturer must be established under the law; and have obtained a Certificate of eligibility for cosmetic manufacturing.
A cosmetic manufacturer...
PAYMENT OF TRANSACTION OF FOREIGN CURRENCY TRANSACTION MUST NOT EXCEED TWO WORKING DAYS
In accordance with the Circular No. 15/2015/TT-NHNN dated October 02, 2015 of the State Bank of Vietnam guiding on foreign exchange transactions of Credit Institutions that are permitted to engage in foreign exchange transactions, parties shall decide on payment of transaction for spot transaction, spot transaction on swap transaction...
Invalidating regulations on importation of used machinery, equipment
Facing with many negative reactions from enterprises of construction and agriculture machines and equipments, on August 29, 2014, the Minister of Science and Technology signed the Decision No. 2279/QD-BKHCN invalidating Circular No.20/2014/TT-BKHCN on importation of used machinery, equipment and technological line.[...]
THE INVESTOR IS ALLOWED TO DIRECTLY MANAGE CONSTRUCTION PROJECTS WITH LESS THAN VND 15 BILLION
Takes effect on June 01, 2017, the Decree No. 42/2017/ND-CP dated April 05, 2017 of the Government on amendments to the Government's Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction investment projects, to allow that the investor shall use its legal status and qualified affiliated units...
SUPPLEMENT THE CASES ON THE DOCUMENT CEASE TO BE EFFECTIVE
On June 22, 2015, the National Assembly passed the Law No. 80/2015/QH13 on Promulgation of Legal Documents, within that, the most important contents is the supplementation on legal documents ceasing to be effective.
In particular, beside a legal document ceases to be effective in part or in whole such as...
