The fee of issuance or renewal of a certificate of multi-level marketing is VND 5 million/application
In accordance with the Circular No. 156/2016/TT-BTC dated October 21, 2016 of the Ministry of Finance on providing for fees for processing of application for the certificate of multi-level marketing, collection, transfer and management thereof, applies to enterprises applying for issuance, replacement, addition or renewal of the certificate of...
To increase on regional minimum wage from January 01, 2017
On November 14, 2016, the Government issued the Decree No. 153/2016/ND-CP dated November 14, 2016 of the Government providing on regional minimum wage rates applied to employees working under an employment contract, takes effect on January 01, 2017.
Accordingly, the regional minimum wage rate applied to employees working for enterprises...
LEGAL CAPITAL LEVEL OF A CREDIT RATING AGENCY IS VND 15 BILLION
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital...
Material tobacco’s imported under the 2015 tariff quotas is 46,305 tons
On December 15, 2014, the Ministry of Industry and Trade issued the Circular No. 49/2014/TT-BCT on the import of material tobacco under the 2015 tariff quotas.
Accordingly, from January 01, 2015 to December 31, 2015, the material tobacco (HS Code 2401) to be imported under the 2015 tariff quotas is...
TO ANNUL A NUMBER OF FEES IN VETERINARY SERVICES
The Ministry of Finance issued the Circular No. 113/2015/TT-BTC dated August 07, 2015 amending a number of articles of the Circular No. 04/2012/TT-BTC dated January 05, 2012 of the Ministry of Finance providing for the collection, payment, management and use of fees and charges in veterinary services.
Accordingly, from August...
FROM MARCH 15, TO APPLY THE INTEREST RATE IN NEW REGIME
On December 30, 2016, the State Bank of Vietnam issued the Circular No. 39/2016/TT-NHNN prescribing lending transactions of credit institutions and/or foreign bank branches with customers, takes effect on March 15, 2016.
The most important content is the regulations in Interest rate of loan. A credit institution and its customer...
ALLOWED TO SELL DUTY-FREE GOODS ON THE FLIGHT TO VIETNAM
The Prime Minister has just signed the Decision No. 39/2015/QD-TTg dated September 11, 2015 of the Prime Minister on amending and supplementing a number of articles of the duty-free trade issued with the Decision No. 24/2009/QD-TTg dated February 17, 2009 of the Prime Minister promulgating the Regulation on trading...
Cadets with distinction graduation shall be bestowed with ranks one grade higher
In accordance with the Law on the People’s Public Security Forces No. 73/2014/QH13 passed by the National Assembly, from July 01, 2015, cadets of People’s Public Security schools with distinction graduation shall be bestowed with ranks one grade higher instead of Sergeant for Intermediate-level school; Sergeant major for College...
The ratio of equity of an investor’s public-private partnership
In accordance with the Decree No. 15/2015/ND-CP dated February 14, 2015 of the Government On investment in the form of public-private partnership. The ratio of equity of an investor must not be lower than 15% of the total investment capital. For a project capitalized at over VND 1,500 billion,...
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...
