Finacial obligations of organizations with nuclear power plants
According to the Decision No. 09/2014/QD-TTg dated January 23, 2014 of the Prime Minister on financial obligations of organizations with nuclear power plants, modes of financial management to ensure operation termination and dismantlement of nuclear power plants, annually within 30 days after ending the fiscal year[...]
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...
Guidelines for payment deducting of trade union fee
On November 21, 2013, the Government issued Decree No. 191/2013/ND-CP detailing on Trade- Union Finance[...]
Petrol and oil temporarily imported for re-export may be retained in Vietnam within maxium 180 days
On October 9, 2013, the Ministry of Finance promulgated Circular No. 139/2013/TT-BTC, on customs procedures for petrol and oil exported[...]
To bear stamps for domestic wine form January 1, 2014
On November 14, 2013, the Ministry of Finance promulgated Circular No. 160/2013/TT-BTC directing the printing, issuance, management and use of stamps for imported wine and domestic wine
The Circular clearly states that wine produced and sold in Vietnam from January 1, 2014 and imported wine for sale in Vietnam must...
Guidance on allocating profit of Vietnam asset management company
On December 27, 2013, the Ministry of Finance promulgated Circular No. 209/2013/TT-BTC on guiding the financial regulations applicable to Vietnam Asset Management Company (VAMC) for credit institutions, which shall comply with legislations applicable to the one-member limited liability companies of which 100% of charter capital is owned by State, the Government’s Decree No. 53/2013/ND-CP dated May 18, 2013 and related legal documents[...]
Requirements for investment promotion activity
On January 14, 2014, the Prime Minister issued the Decision No. 03/2014/QD-TTg dated January 14, 2014 of the Prime Minister promulgating the regulation on state management for investment promotion activities.
Accordingly, investment promotion activity must be in accordance with the plan for socio- economic development of country, sector and locality;...
To guide the application of advance pricing agreements to tax administration
On December 20, 2013, the Ministry of Finance promulgated Circular No. 201/2013/TT-BTC guiding the application of Advance Pricing Agreements to Tax Administration.
According to the Circular, the taxpayer shall decide whether the APA is unilateral, bilateral, or multilateral when submitting the APA application. While the APA application is processed, the...
Second-hand cars over 5 years old are not allowed to be imported
On November 20, 2013, the Government issued Decree No. 187/2013/ND-CP on detailing implementation of the Commercial Law regarding to international purchases and sales of goods, agencies’ activities for purchases, sales and processing and abroad goods transit. Remarkably, Decree regulates the allowance to import second hand car under 5 years...
Advertising works are not allowed to be installed in the safety corridor of road tunnels.
On October 31, 2013, the Ministry of Construction issued Circular No. 19/2013/TT-BXD on promulgating national technical specifications on construction and installation of outdoor advertising, stipulating requirements to be followed upon designing[...]
