Employees may file petitions for initiation of bankrupttcy procedures when enterprises fall to pay salaries within 3 months
On June 19, 2014, the National Assembly passed the Law No. 51/2014/QH13 on Bankruptcy with a number of new and important contents.[...]
IN 2017, VIETNAM IMPORTS MORE THAN 50.000 DOZENS OF POULTRY EGGS
On March 03, 2017, the Ministry of Industry and Trade issued the Circular No. 03/2017/TT-BCT on prescribing principles of regulation of import tariff quotas for salt and poultry eggs in 2017.
This Circular also shows that the Ministry of Industry and Trade still remains import tariff quotas in 2017 for...
Prohibiting the advertising of milk for under-24 month infants
This is one of the contents regulated under the Decree No. 100/2014/ND-CP of the Government on the trading in and use of nutritious products for infants, feeding bottles and teats, replacing the Decree No. 21/2006/ND-CP dated February 27, 2006.
Specifically, the Government strictly prohibits the advertising of breast milk substitutes...
Diplomatic and consular bags are exempt from customs procedures
On April 14, 2015, the Ministry of Finance issued the Circular No. 49/2015/TT-BTC providing for customs procedures for mails, postal matters and parcels, imports and exports sent via postal services of designated enterprises.
According to this Circular, Imported or exported mails sent via postal...
Supplement guarantee insurance as the non-life insurance
On July 09, 2014, the Government issued the Decree No. 68/2014/ND-CP amending, supplementing a number of articles of the Decree No. 45/2007/ND-Cp dated March 27, 2007 of the Government detailing the implementation of a number of articles of the Insurance Business Law[...]
Import conditions of automobiles and motorcycle for repatriated overseas Vietnamese citizens
On February 12, 2014, the Ministry of Finance issued the Circular No. 20/2014/TT-BTC prescribing the import of automobiles and motorcycles as personal effects of overseas Vietnamese who are permitted to register permanent residence in Vietnam.
Within that, the most important contents are the import of automobiles and motorcycles as personal effects of overseas Vietnamese who are Overseas Vietnamese citizens [...]
60 days is the time limit for storage in Vietnam of goods temporarily imported for re – export
On July 07, 2014, the Ministry of Finance issued the Circular No. 94/2014/TT-BTC prescribing customs procedures, inspection and supervision of a number of types of goods temporarily imported for re-export, transferred from border gate to border gate and consigned to bonded warehouses, and handling of cases of refusal to receive goods.[...]
Reduce interest rate of loan’s outstanding balance for house assistance to 5% per annum
On January 02, 2014, the State Bank of Bank issued the Decision No. 21/QD-NHNN providing the interest rate of commercial bank applied in 2014 for loan’s outstanding balance for house assistance in accordance with the Circular No. 11/2013/TT-NHNN date May 15, 2013[...]
New regulations on maximum prices of dairy
At the Decision No. 1079/QD-BTC dated May 20, 2014 of the Ministry of Finance on measure application to stabilize the prices of dairy products for infants under 6, the Ministry of Finance provides detailed regulations on maximum price applied for 25 dairy products for [...]
EXEMPTING THE IMPORT TAX FOR 5 YEARS FOR MEDICAL EQUIPMENTS
This is the content prescribed at the Decision No. 54/2014/QD-TTg dated September 19, 2014 of the Prime Minister on import duty exemption for components imported to produce or assemble medical equipment prioritized for research and manufacture.
In particular, the Prime Minister agrees to exempt from import tax for components imported...
