banks allowed purchasing debts having the bad debt ratio under 3%
From September 01, 2015, credit institutions, foreign banks’ branches shall be only permitted for debt purchase when being approved on the establishment and operation license of credit institutions, establishment license of foreign bank’s branches (hereinafter referred to as the License) by the State Bank and having the bad debt...
DISCLOSURE OF PRIVATE INFORMATION OF CHILD WHO IS ENOUGH 07 YEARS OLD OR OLDER MUST HAVE HIS/HER AGREEMENT
The Law on Children No. 102/2016/QH13 passed by the National Assembly on April 05, 2014 and replaces the Law on child protection, care and education No. 25/2004/QH11; within that, the most important contents is the prohibited acts in caring and protecting children.
In particular, beside current prohibited acts as in...
REGULATIONS ON TRAINING VOCATIONAL EDUCATION TEACHERS
On March 08, 2017, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 06/2017/TT-BLDTBXH dated March 8, 2017 of the Ministry of Labor, War Invalids and Social Affairs on recruitment, employment, and training applicable to vocational education teachers. This Circular applies to teachers in vocational...
Publishing the information on construction capabilities of organizations and individuals
On August 25, 2014, the Ministry of Construction issued the Circular No. 11/2014/TT-BXD publishing the information on construction capabilities of organizations and individuals in construction.[...]
Charge for licensing of the export of workers in overseas term employment 5 million/time
According to Circular No. 259/2016/TT-BTC dated November 11, 2016 of the Ministry of Finance on the rate, collection, submission, administration and use of the fee for verification of documents and the charge for licensing of the export of Vietnamese workers on contract basis, charge for new licensing of the...
From july 01, increase water surface rental frame
In accordance with the Decree No. 46/2014/ND-CP dated May 15, 2014 of the Government On collection of land rental and water surface rental from July 01, 2014, the water surface rental frame is increased double or triple compared with current frame[...]
Fees for processing of applications for the license to use industrial explosives is VND 5 million
Any organizations applying for the license to use industrial explosives granted by competent state authorities must pay the fees for processing of applications for the license to use industrial explosives must pay between VND 2 million – VND 5 million depending on different purpose.
The fee for processing of application...
Regulations on construction investment costs
This is one of the contents prescribed at the Circular No. 06/2016/TT-BXD dated March 10, 2016 of the Ministry of
Construction guiding the determination and management of construction investment costs.
In accordance with this Circular, the construction works price includes the detailed construction unit price of works and the general...
FREE TAX FOR PURCHASE, SALE AND EXCHANGE OF GOODS BY BORDER INHABITANTS
The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed...
Credit institutions allows to have custody services, security cabinets and safes for lease
In accordance with the Circular No. 02/2016/TT-NHNN on provision of the custody services, security cabinets and safes for lease by credit institutions issued by the State Bank of Vietnam on February 26, 2016, Credit institutions allows to have custody services, security cabinets and safes for lease when such services...
