Legal Updates

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...

In accordance with the Circular No. 170/2015/TT-BTC dated November 09, 2015 of the Ministry of Finance providing on collection rate, collection regime and management of fees for citizen identification card, citizens being 14 years old or over process the procedures of granting the citizen identification card for the first...

In accordance with the Circular No. 66/2016/TT-BTC dated April 29, 2014 of the Ministry of Finance guiding the implementation of the Government’s Decree No. 12/2016/ND-CP of February 19, 2016, on environmental protection charge on mineral exploitation, No later than March 31 annually, environmental protection charge collecting agencies shall make...

On November 07, 2016, the National Assembly passed the Resolution No. 23/2016/QH14 on socio-economic development plan (2017), requires Government, Supreme People’s Procuracy, Supreme People’s Court and the State Auditors….to implement proactive and flexible monetary policies, continue to restructure credit institutions; develop bond markets, strictly control and tackle bad debts...

At the Decision No. 1079/QD-BTC dated May 20, 2014 of the Ministry of Finance on measure application to stabilize the prices of dairy products for infants under 6, the Ministry of Finance provides detailed regulations on maximum price applied for 25 dairy products for [...]

On September 20, 2016, the Ministry of Industry and Trade issued the Circular No. 20/2016/TT-BCT on the quota on energy consumption of the steel industry. In accordance with the regulations at this Circular, to the end of 2020, The quota on energy consumption of the steel industry is 14,000 MJ/ton...

According to Circular No. 58/2016/TT-BTC dated March 29, 2016 of the Ministry of Finance detailed regulations on use of State funding for making purchases for the purpose of maintaining regular operations of State agencies, units affiliated to people's armed force, public service providers, political organizations, socio-political organizations, social- political-professional...

On May 18, 2015, the Ministry of Finance issued the Circular No. 75/2015/TT-BTC amending the Article 128 of the Circular No. 200/2014/TT-BTC dated December 22, 2014 guiding the accounting policies for enterprises. In accordance with this Circular’s regulation, every enterprise which is required to prepare interim financial statements (quarterly...

The Ministry of Finance issues the Circular No. 132/2018/TT-BTC on providing guidance on accounting regimes of extra-small enterprises. Accounting regimes have some particular points as follow: - For the design of the structure: Extra-small enterprises shall be charged with performing accounting duties without being bound to appoint the chief accountant; - Extra-small...

The National Assembly has just passed 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, requires Ministries, industries and relevant units to arrange and restructure weak credit institutions, continue implementing measures to reduce...