Legal news

From February 15, a company shall only qualify for the certification of eligibility for prize-rewarding electronic gaming business after being licensed by competent authorities to establish and operate a tourist accommodation establishment and registering for conducting the prize-rewarding electronic gaming business pursuant to the law and have possession of...

Takes effect on March 01, 2017, the Decree No. 166/2016/ND-CP dated December 12, 2016 of the Government regulating on electronic transactions in social, health and unemployment insurance. Any authorities, organizations and individuals that conduct electronic transactions in social insurance must hold a valid digital certificate granted by the provider of...

On October 25, 2016, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 35/2016/TT-BLDTBXH providing guidance on implementation of employee policies in the context of transformation of public service establishments into Joint-Stock Companies under the Prime Minister’s Decision No. 22/2015/QD-TTg dated June 22, 2015. Employees that...

On October 25, 2016, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 35/2016/TT-BLDTBXH providing guidance on implementation of employee policies in the context of transformation of public service establishments into Joint-Stock Companies under the Prime Minister’s Decision No. 22/2015/QD-TTg dated June 22, 2015. Employees that...

On December 15, 2016, the Ministry of Construction issued the Circular No. 28/2016/TT-BXD on amending the Circular No. 10/2015/TT-BXD providing regulations on professional training courses in management of apartment buildings, the Circular No. 11/2015/TT-BXD providing regulations on issuance of real estate broker license; guidelines for training and improving knowledge...

In accordance with the Decree No. 169/2016/ND-CP dated December 27, 2016 of the Government on handling of cargo retained by carriers at Vietnamese seaports. Within 60 days from the day on which the vessel arrives at the port for delivery, if there is no consignee or the consignee fails...

Takes effect on February 15, 2017, the Circular No. 33/2016/TT-NHNN dated December 27, 2016 of the State Bank of Vietnam on ratios of revenues of asset management company of Vietnamese credit institutions to bad debts bought with special bonds. At the Circular, the State Bank of Vietnam prescribes not later...

Takes effect on February 11, 2017, the Circular No. 42/2016/TT-BLDTBXH dated December 28, 2016 of the Ministry of Labor, War Invalids and Social Affairs on indexing factor in calculation of average monthly income for which social insurance has been paid. Accordingly, Indexed monthly wage as the basis for social insurance...

On December 05, 2016, the Ministry of Industry and Trade issued the Circular No. 28/2016/TT-BCT providing for importation according to tariff quota of 2016 and 2017 with special preferential import duty rate of 0% applicable to goods of Cambodian origin. In particular, in 2017, The import tariff quota with the...

FINANCE - BANKING 05 CRITERIA FOR RANKING AND POINTS FOR PEOPLE’S CREDIT FUNDS The State Bank of Vietnam issued the Circular No. 42/2016/TT-NHNN dated December 30, 2016 promulgating on ranking of People’s Credit Funds. Accordingly, the ranking will be out of 100 points, and it will be allocated for each criteria as...