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...
ANNUAL PUBLIC DEBTS DO NOT EXCEED 65% GDP IN THE 2016-2020 PERIOD
At the Resolution No. 25/2016/QH14 on National 5-year financial plan in 2016 – 2020 period, the National Assembly requires ministries and agencies to gradually manage the budget according to the results of the implementation of the tasks; establish statistics of the budget according to the practices and international standards....
Reducing the average poverty rate by 1.5%/year
This is one of the economic – social objectives directed by the Prime Minister at the Directive No. 22/CT-TTg on the elaboration of the 05 year socio-economic development plan from 2016 to 2020[...]
Procedures of declaring value added tax for foreign contractors
On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.
Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the...
condominium building projects under 2 ha shall be formulated without formulation of detailed construction planning
In accordance with the Decree No. 44/2015/ND-CP dated May 06, 2015 of the Government detailing a number of contents on construction planning, for particular-function zones of over 500 ha each, general construction planning shall be formulated in conformity with provincial construction planning and urban planning; and be used as...
The land price bracket in urban areas is vnd 162 million/m2 at most
According to the Decree No. 104/2014/ND-CP dated November 14, 2014 of the Government on the land price bracket, from December 29, 2014, the land price bracket ranges from VND 40,000/m2 to VND 162 million/m2; Of which, the highest price - VND 162 million/m2 shall be applied for the Red...
Allowed to transfer socialization projects
This is the new guideline of the Government prescribed at the Decree No. 59/2014/ND-CP dated June 06, amending and supplementing a number articles of the Government’s Decree No. 69/2008/ND-CP of May 30, 2008, on policies to encourage socialization in the fields of education, vocational training, healthcare, culture, sports and environment[...]
The tax rate applicable to incomes from real estate transfer is 2% of the tranfer value
From January 01, 2015, The tax rate applicable to incomes from real estate transfer is 2% of the transfer value and from securities transfer is 0.1% of the securities selling price of each transfer are the important contents in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the...
Circular No. 04/2015/TT-BLĐTBXH
Circular No. 04/2015 / TT-BLĐTBXH of the Ministry of Labour, Invalids and Social Affairs guiding the implementation of compensation, pension and health care costs of the employer to the employee accident labor, occupational diseases
Accident workers decrease the ability to work from 5% - 10% shall be compensated at least...
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...
