Guarantees for sale and hire-purchase of future-acquired houses
On June 25, 2015, the State Bank of Vietnam issued the Circular No. 07/2015/TT-NHNN stipulating the bank guarantee, within that guarantees for sale and hire-purchase of future-acquired houses is the most important contents.
In particular, when giving a bank guarantee to the owner of real estate projects developed for the...
PUBLIC INSPECTOR’S INFORMATION ON THE WEBSITE OF THE MINISTRY OF CONSTRUCTION
In accordance with the Circular No. 04/2017/TT-BXD dated March 30, 2017 of the Ministry of Construction on occupational safety management in the execution of construction works, the information including the full name; the identification number of the inspector; and ID card number; the list of machines, equipment and materials...
Prohibit selling a drug at a price higher than its declared or posted price
From January 01, 2017, to prohibit to sell a drug at a price higher than its declared or posted price; Manufacturing, preparing or selling traditional drugs combined with pharmaceutical ingredients without permission of a competent state management agency, providing information, advertising, marketing, making prescriptions for, providing consultations on, labeling...
Foreigners allowed to brought drive caravans into vietnam
On June 16, 2015, the Government issued the Decree No. 57/2015/ND-CP amending a number of articles of the Decree No. 152/2013/ND-CP of November 4, 2013, on management of motor vehicles brought into Vietnam by foreign tourists.
Firstly, the Decree has supplement the left-hand drive caravans to the objectives allowed to...
Principles of managing and using fees and charges
On August 23, 2016, the Government promulgates the Decree No. 120/2016/ND-CP on detailing and guiding the implementation of a number of Articles of the Law on Fees and Charges. Under this Decree, fees from public services provided by state agencies shall be paid to state budget, except for cases...
Limit on trading, providing interest rate derivative products
According to the Circular No. 01/2015/TT-NHNN dated January 06, 2015 of the Vietnam State Bank stipulating trading and provision of interest rate derivative products of commercial banks, foreign bank branches, credit institutions, foreign bank branches are permitted trading, providing and using interest rate derivative products when limit of net...
Enterprises engaged in employment service activities must deposit vnd 300 million
In accordance with the Decree No. 52/2014/ND-CP dated May 23, 2014 of the Government defining conditions, procedures for grant of permits for employment service activities of enterprises engaged in employment service activities[...]
Cases under cancellation of transaction relationship with credit institutions
On December 5, 2013, the State Bank issued Circular No. 27/2013/TT-NHNN, amending and supplementing a number of articles of Ciruclar No. 02/2012/TT-NHNN dated February 27, 2012, on guiding foreign exchange transactions among the State Bank of Vietnam and credit institutions and foreign banks’s branches. [...]
CITIZENS HAVE THE RIGHT TO MONITOR INVESTMENT PROJECTS
On December 30, 2015, the Government issued the Decree No. 84/2015/ND-CP on investment supervision and evaluation; within that, Citizens have the right to monitor investment projects through community investment monitoring boards.
In particular, a community investment monitoring board may request competent state management agencies to provide information on socio-economic development...
Change the method of tax calculation for foreign contractors
On August 06, 2014, the Ministry of Finance issued the Circular No. 103/2014/TT-BTC guiding the fulfillment of tax liability of foreign entities doing business in Vietnam or earning income in Vietnam, regulates that the contractor/subcontractor has a permanent establishment in Vietnam or the contractor/subcontractor is a resident of Vietnam[...]
