PROCEDURES FOR FORMULATION, ASSESSMENT AND APPROVAL FOR ELECTRICITY TRANSMISSION PRICE
On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission price; applicable to Vietnam Electricity, National Power Transmission Corporation, system and market operator, Electric Power Trading Company, power corporations...
BELIEF ESTABLISHMENT MUST BE REGISTERED AT LEAST 30 DAYS BEFORE STARTING BELIEF ACTIVITIES
Takes effect on January 01, 2018, the Law on belief and religion No. 02/2016/QH14 passed by the National Assembly on November 18, 2016, emphasizes that the State shall respect and protect the right to freedom of belief and religion of everyone; shall guarantee that all religions are equal before...
ACCOUNTING DOCUMENTS TO BE RETAINED FOR AT LEAST 10 YEARS
This is the content prescribed at the Decree No. 174/2016/ND-CP dated December 30, 2016 of the Government on detailing a number of articles of the Law on Accounting, takes effect on January 01, 2017.
In particular, Accounting records; Detailed accounting books and overall accounting books; Financial statements; budget statements; consolidated...
INCREASE THE DEPOSIT IN THE AUCTION TO 20%
Takes effect on July 01, 2017, the Law on property auction No. 01/2016/QH14 of the National Assembly prescribing that bidders must deposit 5% - 20% reserve price of the auctioned property instead of 1%-5% as in previous regulations.
Also from July 01, 2017, lawyers, public notaries, bailiff, property management officers...
LIST OF 80 EQUIPMENTS SUBJECTED TO OCCUPATIONAL HYGIENE AND SAFETY REQUIREMENTS
On December 28, 2016, the Ministry of Labor, War Invalids and Social Affairs issues the Circular No. 53/2016/TT-BLDTBXH issuing the list of machinery, equipment and materials subjected to occupational hygiene and safety requirements.
This List includes 80 equipments subjected to occupational hygiene and safety requirements, including 46 Machinery, equipment and...
TO 2020, THE EXPECTED VOLUME OF GAS PRODUCTION IS 11 BILLION M3/YEAR
On January 16, 2017, the Prime Minister issued the Decision No. 60/QD-TTg on approving the plan for development of gas industry of Vietnam by 2025 with the vision to 2035, Invest in development of the gas industry sector with all stages which are organized in a complete and uniform...
RESTRUCTURING THE ELECTRICITY SECTOR IN THE 2016 – 2020 PERIOD
n order to enhance effectiveness in business of the electricity sector ; improve the effectiveness of the electricity regulation for the purpose of ensuring the sustainable electricity system and meeting requirements for providing electricity safely, stably, and efficiently and apply electricity prices in line with market mechanism under the...
REGULATIONS ON GUIDING THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS
On December 30, 2016, the Ministry of Construction issued the Circular No. 30/2016/TT-BXD on guiding the engineering, procurement and construction contracts (EPC contract).
In accordance with the regulations in this Circular, an EPC contract applies solely to construction projects and contract packages of which execution time is required to be...
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...
TO SUPPLEMENT THE CASES TERMINATED AS MEMBER OF GOVERNMENT BONDS
This is the important content prescribed at the Circular No. 10/2017/TT-BTC dated February 06, 2017 of the Ministry of Finance on amending and supplementing a number of articles of the Circular No. 234/2012/TT-BTC dated December 28, 2012 of the Ministry of Finance on management of transactions in government bonds,...
