Bank must agree with VDB before enterprises borrowing capital
On October 09, 2014, the State Bank of Vietnam issued the Circular No. 29/2014/TT-NHNN dated guiding commercial banks to coordinate with Vietnam Development Bank in the implementation of guarantee mechanism for small- and medium-sized enterprises borrowing capital as stipulated under the guarantee regulation promulgated together with the Decision No. 03/2011/QD-TTg dated January 10, 2011 of the Prime Minister.[...]
Assess the compliance with the tax law
On December 21, 2015, the Ministry of Finance issued the Circular No. 204/2015/TT-BTC providing for application of risk management in tax management including tax registration, declaration, payment, tax debt and enforcement of implementation of administrative decisions on tax, tax refund, tax verification and inspection, creation, printing, issue, management and...
Authorized representatives must possessing at least three years of experience
On February 14, 2014, the Ministry of Finance issued the Circular No. 21/2014/TT-BTC promulgating the Regulation on activities of authorized representatives for state capital invested in enterprises[...]
REGULATIONS ON DERIVATIVE SECURITIES
On March 16, 2017, the Ministry of Finance issued the Circular No. 23/2017/TT-BTC dated March 16, 2017 of the Ministry of Finance on revising and supplementing a number of articles of the Circular No. 11/2016/TT-BTC dated January 19, 2016 on instructions for certain articles of the Government's Decree No....
Routes for transporation of goods in transit through the Vietnamese territory
On May 13, 2014, the Ministry of Transport issued the Circular No. 15/2014/TT-BGTVT guiding the routes for transportation of goods in transit through the Vietnamese territory[...]
Principles of opening pre-investment accounts of offshore investment activities
On June 29, 2016, the State Bank of Vietnam issued the Circular 12/2016/TT-NHNN guiding the foreign exchange management of offshore investment activities and takes effect August 13, 2016.
In accordance with the regulations of this Decree, after being granted an offshore investment registration certificate, an investor shall open 1 (one)...
Conditions for sea transportation business
The Decree No. 160/2016/ND-CP approved by the Government on conditions for sea transportation business, shipping agency services, and towage services.
In accordance with this Decree, requirements pertaining to enterprises engaging in international sea transportation business, the regarding organizational structure must have a department in charge of safety in accordance with...
Conditions for certificate application for credit information activities
On September 18, 2014, the State Bank of Vietnam issued the Circular No. 27/2014/TT-NHNN amending, supplementing a number of Articles of the Circular No. 16/2010/TT-NHNN dated June 25, 2010[...]
03 establishments permitted to perform al truistic gestational surrogacy
In accordance with the Decree No. 10/2015/ND-CP dated January 28, 2015 of the Government on giving birth through in vitro fertilization and conditions for altruistic gestational surrogacy, The National Hospital of Obstetrics and Gynecology; Hue Central General Hospital and Ho Chi Minh City Tu Du Obstetrics Hospital are allow...
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...
