The reserve price of the auctioned assets
The Ministry of Justice has just issued the Circular No. 18/2014/TT-BTP dated September 08, 2014 guiding the asset auctions as prescribed in Decree No. 53/2013/ND-CP on establishment, organization and operation of Vietnam Asset Management Company (hereinafter referred to as VAMC).[...]
TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS
Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with...
REGULATIONS OF ENROLLMENT TARGETS AT INTERMEDIATE AND COLLEGE LEVEL
On March 02, 2017, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 05/2017/TT-BLDTBXH dated March 2, 2017 of the Ministry of Labor, War Invalids and Social Affairs on regulations of enrollment and determination of enrollment targets at intermediate and college level.
In accordance with this...
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...
Exempt licensing fees for households having annual revenues of less than vnd 100 million
The individuals, groups of individual and households that have their trade/production activities with annual revenues of less than VND 100 million shall be exempted from licensing fees is the important content prescribed at the Decree No. 139/2016/ND-CP dated October 04, 2016 of the Government on licensing fees.
Beside the individuals,...
CAMERA DEVICES MUST DISPLAY DATE, TIME, AND PLACE
On February 28, 2017, the Ministry of Transport issued the Circular No. 06/2017/TT-BGTVT prescribing the process for using technical and professional equipment and instruments, and use results obtained from technical and professional equipment and instruments as bases for determination of administrative violations and imposition of administrative penalties for violations...
Principles on task allocation among regulatory agencies in food safety management
On April 09, 2014, Joint-ministries of Health, Agriculture and Rural Development, Industry and Trade issued the Joint Circular 13/2014/TTLT-BYT-BNNPTNT-BCT on allocation of tasks and cooperation among regulatory agencies in food safety management,
To exempt the enterprise income tax 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.[...]
Printing counterfeit invoices shall be imposed a fine of vnd 50 mil
In accordance with the regulations at the Circular No. 10/2014/TT-BTC guiding the administrative violations sanction on invoices, from March 02, 2013, organizations shall be imposed a fine of between 2,000,000 and 50,000,000 VND on acts of self-printing counterfeit invoices
The level of advance payment must not exceed 50% of the contract value
In accordance with the Decree No. 37/2015/ND-CP dated April 22, 2015 of the Government prescribing in detail construction contracts, within that, the level of advance payment must not exceed 50% of the contract value.
In special cases, this level shall be permitted by the competent investment decider, or by the...
