Dissolution of vocational education institutions if fails to operate
In accordance with the Law No. 74/2014/QH13 issued by the National Assembly on November 27, 2014, a vocational education institution shall be dissolved when it commits illegal acts causing serious consequences; past the suspension period of its training activities, it fails to solve the problem leading to such suspension;...
Guarantees principles borrow capital from credit institutions for state enterprises
An enterprise may provide guarantees for its subsidiaries to borrow capital from credit institutions must not exceed the subsidiary’s equity capital is the important contents prescribed at the Law No. 69/2014/QH13 passed by the National Assembly on November 26, 2014.
Accordingly, the total value of guarantees provided for a subsidiary...
Developing and upgrading the solution for the industry groups of competitive commodities
On January 13, 2015, the Prime Minister signed the Decision No. 32/QD-TTg approving the synchronous development and upgrading solution for the industries, sectors and value chains of production of competitive commodities such as: electronics and information technology, textile and garment, food processing, agricultural machineries, tourism and related services.
This Program...
Not carry out procedures for investment registration for domestic investment projects
On November 26, 2014, the National Assembly approved the Law No. 67/2014/QH13 on Investment with many new contents that have strong effects on domestic and foreign investors. First of all, the Law regulated that only investment projects of foreign investors and economic organizations having 51% or more of their ...
From 2015, incomes from casinos shall not be taxable
According to the Law No. 71/2014/QH13 dated November 26, 2014 amending and supplementing a Number of Articles of theLaws on Taxes approved by the National Assembly, incomes from independent professional activities of individuals possessing practice licenses or certificates in accordance with law and having an annual turnover of 100 ...
Procedures of declaring value added tax for foreign contractors
On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.
Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the...
From july, 2015, Enterprises may decide on the appearance, quantity of seal
From July 01, 2015, enterprises may decide on the appearance, quantity and content of seal and before using a seal, an enterprise shall notify the seal specimen to the business registration agency for publicly posting on the national enterprise registration portal. These are significant contents as prescribed under the...
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...
Medical establishments operating as enterprises may decide on price rates
On December 15, 2014, the Government issued the Resolution No. 93/NQ-CP dated December 15, 2014 on a number of mechanisms and policies on medical development. Under this Resolution, medical examination and treatment establishments operating as enterprises may decide on their price rates. All units shall declare and post up...
Not yet handovered the house, the owner must pay 70% charges
On November 25, 2014, the National Assembly officially approved the Housing Law No. 65/2014/QH13, replacing the Housing Law No. 56/2005/QH11 with many new contents.
For owners of commercial housing projects, within 50 days from the date of handover of houses to purchasers or from the time when lessees make full...
