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...
Criteria to get other gap recognition in aquaculture
The Minister of Agriculture and Rural development issues the Circular No. 54/2014/TT-BNNPTNT dated December 30, 2014 of the Ministry of Agriculture and Rural Development recognizing other good agricultural practices eligible for incentives for agriculture, forestry and aquaculture.
Of which, one of the most significant point is regulation on guiding 07...
Container not checked on schedule shall be suspended
This is required by the Ministry of Transport under the Circular No. 49/2014/TT-BGTVT dated October 15, 2014, on safety inspection of containers carried through Vietnam ports[...]
The ministry of transport shall regulate the air carriage service prices
According to the Law No. 61/2014/QH13 Amending and Supplementing a Number of Articles of the Vietnam Civil Aviation Law passed by the National Assembly on November 21, 2014, beside the administration service for departure and arrival flights; air navigation assurance assistance service, the State shall regulates the specific prices...
Tax paid on invividual’s behalf is in deductible expenses
On June 22, 2015, the Ministry of Finance issued the Circular No. 96/2015/TT-BTC guiding the Enterprise Income Tax in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law Amending and Supplementing a Number of Articles of the Tax Laws and amending...
Encourage the plan of action to develop the environmental industry
On August 01, 2014, the Prime Minister signed the Decision No. 1292/QD-TTg approving the Plan of Action to develop the environmental industry and energy conservation in implementation of Vietnam’s industrialization strategy within the framework[...]
Taking their application back as must send a written request
This is the content of the Circular No. 23/2014/TT-BLDTBXH dated August 29, 2014 of the Ministry of Labor, War Invalids and Social Affairs guiding the implementation of a number of articles of the Decree No.03/2014/ND-CP Decree No. 03/2014/ND-CP detailing the implementation of a number of Articles of the Labor Code regarding employment.[...]
To dissolve foreign invested enterprises which don’t make re-registration of operation before February 1.2014
On November 21, 2013, the Government promulgated Decree No. 194/2013/ND-CP on the re-registration, transformation of foreign-invested enterprises and renewal of investment license of investment projects under form of business cooperation contract
Accordingly, a foreign-invested enterprise already granted investment license before July 01, 2006, may decide on its re-registration, transformation of...
MANY CASES OF EXEMPTION FROM SEVERANCE TAX
On October 02, 2015, the Ministry of Finance issued the Circular No. 152/2015/TT-BTC guiding the severance tax, and the taxable items are metallic minerals; non-metallic minerals; products of natural forests; natural aquatic organisms, including marine animals and plants; natural water; natural bird’s nests other than those collected from construction...
Not requires to be implement the inspection conclusions pending instructions
Smuggling, illegal transport of goods across the border, trade frauds and counterfeits remain complicated with sophisticated trickeries associated with corruption causing loss to state budget and natural resources, imposing negative impacts on environment of investment, trading and international integration..On June 09, 2015, the Government issued the Resolution No. 41/NQ-CP...
