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 ...
The detailed planning for seaports in the north central coast (group 2)
On July 29, 2016, the Minister of Ministry of Transport issued Decision No. 2368/QD-BGTVT on approving the detailed planning for seaports in the North Central Coast (Group 2) by 2020 and the orientation towards 2030, includes seaports of Thanh Hoa, Nghe An and Ha Tinh provinces.
With the targets of...
Vault doors must have import permits
On August 01, 2014, the State Bank of Vietnam issued the Circular No. 18/2014/TT-NHNN on guiding import of goods subject to the State Bank’s specialized management[...]
Must supervise employment status of employees after recommending jobs
The Ministry of Labor, War Invalids and Social Affairs promulgated the Circular No. 07/2015/TT-BLDTBXH dated February 25, 2015 of the Ministry of Labor, War Invalids and Social Affairs stipulating a number of Articles of the Decree No. 196/2013/ND-CP dated November 21, 2013 of the Government defining on establishment and...
Fees for flights over the vietnam’s airspace
On October 06, 2016, the Ministry of Finance issued the Circular No. 146/2016/TT-BTC dated October 06, 2016 of the Ministry of Finance providing for fees for flights over the Vietnam’s airspace and the collection, transfer and management thereof.
Accordingly, the fee for flight distance over the Vietnam's airspace under 500...
THE INVESTOR IS ALLOWED TO DIRECTLY MANAGE CONSTRUCTION PROJECTS WITH LESS THAN VND 15 BILLION
Takes effect on June 01, 2017, the Decree No. 42/2017/ND-CP dated April 05, 2017 of the Government on amendments to the Government's Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction investment projects, to allow that the investor shall use its legal status and qualified affiliated units...
enterprise may make deductions for 10% of the income setting up its science and technology development fund
In accordance with the Decree No. 95/2014/ND-CP dated October 17, 2014 of the Government On investment in, and the financial mechanism applicable to, scientific and technological activities. A state enterprise shall annually deduct between 3% and 10% of the income liable to enterprise income tax to set up its...
HIGH-SPEED VESSELS HAVE THE MAXIMUM PERIOD OF 20 YEARS MEASURED
On November 20, 2014, the Government issues the Decree No. 111/2014/ND-CP prescribing the useful life of inland waterway vessels and the useful life of vessels permitted for import and takes effect on January 05, 2015.
Accordingly, inland waterway vessels have useful life from 18 – 35 years depending on each...
Supporting policy for employees suspending work who face difficulties due to the outbreak of pandemic COVID-19
The regulations prescribed in Resolution 126/NQ-CP amending Resolution 68/NQ-CP in 2021 on supporting policies for employees and employers facing difficulties due to the outbreak of pandemic COVID-19.
Accordingly, supporting policy for employees suspending work is amended as follows:
- Employees working under labor contract are suspended due to reason...
Guiding the methods for defining customs value of exported and imported goods
On March 25, 2015, the Ministry of Finance issued the Circular No. 39/2015/TT-BTC prescribing customs value of exported and imported goods. According to this Circular, The customs value is the selling price of goods at the border gate of exportation exclusive of international insurance cost (I) and international freight...
