Transactions not required to be reported
On November 11, 2014, the State Bank of Vietnam issued the Circular No. 31/2014/TT-NHNN amending and supplementing a number of articles of Circular No. 35/2013/TT-NHNN of December 31, 2013 guiding the implementation of a number of provisions on anti-money laundering. Of which, there are important amendments on intensive assessment...
Limit on trading, providing interest rate derivative products
According to the Circular No. 01/2015/TT-NHNN dated January 06, 2015 of the Vietnam State Bank stipulating trading and provision of interest rate derivative products of commercial banks, foreign bank branches, credit institutions, foreign bank branches are permitted trading, providing and using interest rate derivative products when limit of net...
Prohibiting the advertising of milk for under-24 month infants
This is one of the contents regulated under the Decree No. 100/2014/ND-CP of the Government on the trading in and use of nutritious products for infants, feeding bottles and teats, replacing the Decree No. 21/2006/ND-CP dated February 27, 2006.
Specifically, the Government strictly prohibits the advertising of breast milk substitutes...
ibefore february 02, 2015, publishing land exemption, reduction
The Ministry of Finance issued the Circular No. 156/2014/TT-BTC dated October 23, 2014 amending and supplementing a number of articles of the Ministry of Finance’s Circular No. 135/2008/TT-BTC of December 31, 2008, guiding the implementation of the Government’s Decree No. 69/2008/ND-CP of May 30, 2008, on incentive policies for...
Prohibit trading cigarettes, liquors on e-commerce management portal
On December 05, 2014 the Ministry of Industry and Trade issued the Circular No. 47/2014/TT-BCT on the management of e-commerce websites. This Circular does not apply to websites operating in the fields of finance, banking, credit and insurance; websites for trading and exchange of money, gold, foreign currencies and...
By the end of 2015, reduce non-performing loans to below 3 %
The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the...
Regulations on foreign investor’s purchase of Vietnam credit institution’s shares
The State Bank of Vietnam has just issued the Circular No. 38/2014/TT-NHNN dated December 08, 2014 on dossier, order and procedures for approving the foreign investor’s purchase of Vietnamese credit institution’s shares. At the same time, within 40 days from the date of full receipt of valid dossier, the...
imported trees must be monitored from 6 to 12 months
On October 30, 2014, the Ministry of Agriculture and Rural Development issued the Circular No. 33/2014/TT-BNNPTNT providing the order and procedures for plant quarantine upon import, export and transit and post-import quarantine of articles subject to plant quarantine. This Circular applies to Vietnamese and foreign organizations and individuals engaged...
Tax exemption for the government bond in the international market
On November 01, 2014, the Government issued the Resolution No. 78/NQ-CP on tax exemption for the Government bond in the international market in 2014.
At the Resolution, the Government decides to exempt the enterprise income tax and personnel income taxes for incomes from Government bond’s interest in the international market...
Re-declaration when changing more than 3% by-automobile transportation fare/freight rates
From December 01, 2014, enterprises, cooperatives and business households engaged in by-automobile transportation business or provision of road transportation support services in the Vietnamese territory, re-declaration of fare/freight rates shall be made by units that increase or reduce their fare/freight rates by more than 3% compared to previously declared...
