Fee for verification of conditions for a commercial arbitration center establishment 3 million/time

On November 10, 2016, the Ministry of Finance issued Circular No. 222/2016/TT-BTC on the rate, collection, submission, administration and use of the fees for verification of criteria and conditions for the practice of commercial arbitration. Accordingly, fee for verification of criteria and conditions for the establishment of a commercial arbitration...

The initial issuance fee for certificate of registration for accounting and auditing practice is VND 1,2 million

On November, 14, 2016, the Ministry of Finance issued the Circular No. 271/2016/TT-BTC on amounts, collection and payment of assessment fees for issuance of certificates of practice registration, certificates of eligibility for providing accounting and auditing services. In particular, assessment for issuance of certificate of eligibility for providing accounting and...
Labor Code of Vietnam 2012

Labor Code of Vietnam 2012

The Labor Code No. 10/2012/QH13 dated June 18, 2012 of the National Assembly specifies the labor standards; the rights, obligations and responsibilities of the employees[....]
obtain mineral exploration licenses

Refund of funds in case of failing to obtain mineral exploration licenses

According to the Joint Circular No. 61/2014/TTLT-BTNMT-BKHDT-BTC dated November 14, 2014 of the Ministry of Natural Resources and Environment, the Ministry of Planning and Investment and the Ministry of Finance guiding procedures for contributing capital to geological baseline surveys of minerals by organizations and individuals and management of their...

Law on Real Estate Business of Vietnam 2014

Law on Real Estate Business stipulates real estate trading, rights, obligations of organizations and individuals to conduct real estate trading and state management of real estate trading, applies to organizations and individuals conducting and involved in real estate trading in Vietnam. Law on Real Estate Business is passed by the...
legal updates 002

MUST DECLARE INCOME IN SOFTWARE PRODUCTION

The Ministry of Information and Technology issued the Circular No. 16/2014/TT-BTTTT dated November 18, 2014 on identifying the software production; within that, the most important content is the requirements applied to software producers. Accordingly, organizations and companies must have Certificates of Business registration, certificates of investment, or written appointments issued...

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...
hi-tech enterprise has

A hi-tech enterprise has 5% staff members holding a university or higher degree

This is the prominent content prescribed at the Decision No. 19/2015/QD-TTg dated June 15, 2015 of the Prime Minister prescribing criteria for identifying hi-tech enterprises. Accordingly, from August 01, 2015, beside satisfying the criteria prescribed at Point a and b, Article 75 of the Investment Law, a hi-tech enterprise ...
claim compensation for damage

Responsibility to assess, and claim compensation for environmental damage

On January 06, 2015, the Government issued the Decree No. 03/2015/ND-CP providing the assessment of environmental damage and replaces the Government’s Decree No. 113/2010/ND-CP of December 3, 2010, providing the assessment of environmental damage and takes effect on March 01, 2015. Accordingly, organizations or individuals that pollute or degrade the...
Law on protection of consumers’ rights 2010

Conditions to apply VAT rate of 0% to exported goods and services

On December 18, 2013, the Government issued Decree No. 209/2013/ND-CP on detailing and guiding implementation of several articles of Law on Value-Added Tax on exported goods and services [...]