Conditions applied to sign sales and purchase contract of domestic electricity
On October 21, 2013, the Government issued Decree No. 137/2013/ND-CP on detailing implementation of several articles of the Electricity Law and the Law on amending and supplementing several articles of the Electricity Law and regulating several conditions for sales and purchase contract of domestic electricity. [...]
DISCLOSURE OF THE STATE FINANCIAL REPORTS IS COMPULSORY
On March 14, 2017, the Government issued the Decree No. 25/2017/ND-CP on state financial reports prescribing that national and provincial state financial reports shall be made according to the annual accounting period starting on January 1 and ending on December 31 of the calendar year.
Units tasked to compile state...
From February 1,2014, Royal tariff on several natural resources will be raised
This content is regulated in Resolution No. 712/2013/UBTVQH13 dated December 16, 2013 of the Standing Committee of the National Assembly on promulgating the Royal tariff. [...]
To reduce pit of individuals working in the IT industry by 50%
This is one of the most important solutions on tax incentives for developing and applying information technology in Vietnam issued with the Resolution No. 41/NQ-CP dated May 26, 2016 of the Government.
In particular, beside the policy that personal income tax on salary-based and wage-based incomes of individuals working in...
THE STATE BUDGET SHALL BE DISCLOSED AND OVERSEEN
The State Budget that shall be disclosed and overseen by the public is one of the significant contents under the Law on the State budget No. 83/2015/QH13 approved on June 25, 2015 by the National Assembly.
Specifically, data of an explanatory reports on Councils, estimates already decided by competent authorities,...
Developing and upgrading the solution for the industry groups of competitive commodities
On January 13, 2015, the Prime Minister signed the Decision No. 32/QD-TTg approving the synchronous development and upgrading solution for the industries, sectors and value chains of production of competitive commodities such as: electronics and information technology, textile and garment, food processing, agricultural machineries, tourism and related services.
This Program...
Exempt import tax within 05 years for raw materials or components
Circular No. 83/2016/TT-BTC issued by the Ministry of Finance on June 17, 2016 guiding the implementation of the investment incentive programs under the provisions of the Law on Investment and the Decree No. 118/2015/ND- CP dated November 12, 2015 specifying and guiding the implementation of several articles of the ...
General construction plan for the southeast Quang Tri economic zone
On October 11, 2016, the Prime Minister issued the Decision No. Decision No. 1936/QD-TTg on approving the general construction plan for the southeast Quang Tri economic zone in Quang Tri province by 2035, with a vision towards 2050.
The planned area of the Southeast Quang Tri Economic Zone is 23,792...
General conditions for seagoing ship building
On July 01, 2016, the Government issued the Decree No. 111/2016/ND-CP prescribing business conditions for provision of seagoing ship building, conversion and repair services.
In accordance with regulations, from July 01, 2016, a shipyard must have a technical division and a quality inspection division which are separate from each other...
Vietnam bank for social policies shall classify debts every year on december 31
On July 01, 2015, the Prime Minister signed the Decision No. 976/QD-TTg prescribing the regulations on classification of debt at Vietnam Bank for Social Policies (VBSP) and requires VBSP to have solutions and regularly collect information on its customers in order to assess their solvency, take appropriate measures to...
