Conditions for manufacture of cosmetic products
On July 01, 2016, the Government issued the Decree No. 93/2016/ND-CP providing for conditions for manufacture of cosmetic products, within that, the manufacture of cosmetic products must have a cosmetic manufacturer must be established under the law; and have obtained a Certificate of eligibility for cosmetic manufacturing.
A cosmetic manufacturer...
FROM NOVEMBER 23, FEE PAID FOR SINGLE-ENTRY VISA IS REDUCED TO USD 25
This is one of the significant contents regulated under the Circular No. 157/2015/TT-BTC dated October 08, 2015 promulgating on collection, payment, and management of fees for issuance of passports, visas, documents for entry, exit, transit, and residence in Vietnam.
Accordingly, from November 23, 2015, fee paid for single-entry visa is...
STANDARD CONSTRUCTION CONSULTING COSTS
On February 15, 2017, the Ministry of Construction issued the Decision No. 79/QD-BXD on standard project management and construction consulting costs.
The most important content is the standard construction consulting costs; the construction consulting costs are used for determination of costs of consulting works in the total investment and construction...
TO INCREASE THE MINIMUM WAGES FROM JANUARY 01, 2019
On November 16, 2018, the Government issues the Decree No. 157/2018/ND-CP providing for region-based minimum wages applied to employees working under labor contracts.
Accordingly, from January 01, 2019, the region-based minimum wages are specified as follows:
- VND 4,180,000/month, for enterprises operating in localities of region I;
- VND 3,710,000/month, for enterprises...
Providing for salary payment to managers in state companies
On June 13, 2016, the Decree No. 52/2016/ND-CP issued by the Government providing for salary, remuneration and bonus payment to managers of single-member limited liability companies of which charter capital is wholly owned by the State.
Accordingly, for economic corporation, the pay factors of full-time President of the Board of...
Retail raw materials that contain addictive ingredients
In accordance with the Circular No. 19/2014/TT-BYT dated June 02, 2014 of the Ministry of Health managing the addictive drugs, psychotropic drugs, and drug precursor substances[...]
VAT rate for unprocessed processed cultivation, husbandry or quatic products
On June 26, 2014, the Ministry of Finance issued the Circular No. 83/2014/TT-BTC guiding the application of value-added tax according to Vietnam’s list of imports; within that the most important content is the VAT rate applicable to unprocessed or preliminarily processed cultivation, husbandry or aquatic products, and fresh or raw foods at the stage of trading.[...]
CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
The Circular prescribing that for customers being residents, factoring unit shall consider and decide on factoring when customers being legal status that has legal personality of...
Staying overnight must register with local commune-level public security offices
In accordance with the Decree No. 34/2014/ND-CP dated April 29, 2014 on promulgating the Regulation on land border areas of the Socialist Republic of Vietnam, Vietnamese citizens (except border inhabitants) and foreigners entering land border areas and staying overnight shall register [...]
EXPORT PROCESSING ENTERPRISES MAY SELL THEIR LIQUIDATED ASSETS AND GOODS IN THE INLAND MARKET
Takes effect on December 25, 2015, the Decree No. 114/2015/ND-CP dated November 09, 2015 Amending and supplementing Article 21 of the Government’s Decree No. 29/2008/ND-CP of March 14, 2008, on industrial parks, export processing zones and economic zones, export processing enterprises may sell their liquidated assets and goods in...
