CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
The Circular prescribing that for customers being residents, factoring unit shall consider and decide on factoring when customers being legal status that has legal personality of...
Hanoi has scheme on 8 rapid bus routes
In order to develop the infrastructure traffic network which is synchronous, sustainable, modern, accessible, convenient and meet the travel needs of people and be of environmental friendliness, the Prime Minister signed the
Decision No. 519/QD-TTg approving the transportation planning of Hanoi Capital by 2030, with a vision to 2050,...
BANKS MUST MAINTAIN THE MINIMUM CAPITAL ADEQUACY RATIO OF 8%
Takes effect on January 01, 2020, the Circular No. 41/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam prescribing prudential ratios for operations of banks and/or foreign bank branches.
One of the most important content is that banks without subsidiary companies and/or foreign bank branches must maintain the...
ADJUSTMENTS ON COMPULSORY RESERVES APPLICABLE TO CREDIT INSTITUTIONS
On December 04, 2015, the State Bank of Vietnam issued the Circular No. 23/2015/TT-NHNN dated December 04, 2015 of the State Bank amending, supplementing a number of articles of the Decree No. 581/2003/QD-NHNN dated June 09, 2003 of the State Bank Governor promulgating the regulation on compulsory reserves applicable...
FREE TAX FOR PURCHASE, SALE AND EXCHANGE OF GOODS BY BORDER INHABITANTS
The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed...
To annul the planning licensing procedure for land-using investment projects
Not to require investors to carry out the planning licensing procedure; contents of the planning license must be shown right in the result of settlement of the procedure of approving the investment policy is the task that the Government emphasized at the Resolution No. 43/NQ-CP dated June 06, 2014[...]
Handling of backlogged goods at airports
In accordance with the Circular No. 203/2014/TT-BTC dated December 22, 2014 of the Ministry of Finance guiding the handling of backlogged goods within areas of customs operation. handling backlogged goods not For goods to be destroyed or For assets to be transferred to specialized management agencies for management and...
An economic group or a corporation has at most 3 levels of enterprises
This is one of the contents prescribed at the Decree No. 69/2014/ND-CP dated July 15, 2014 of the Government on state economic groups and state corporations.[...]
STATE ENTERPRISES NOT ALLOWED IN REAL ESTATES AND SECURITY
This content prescribed at the Decree No. 91/2015/ND-CP of the Government on October on investment of state capital in enterprises and management and use of capital and assets at enterprises, takes effect on December 01, 2015.
In particular, state enterprises may use assets and capital under their management and use...
Regulations on Labor Recruitment
On January 16, 2014, the Government promulgated the Decree No. No. 03/ND-CP dated January 16, 2014 detailing the implementation of a number of Articles of the Labor Code regarding employment. Under this Decree, the employer is entitled to employ Vietnamese labor directly or via employment services or outsourcing service providers to...
