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...

TO FINE VND 40 MILLION FOR SELLING SIM CARDS WITH FUNCTION TO ACTIVATE SIM CARDS WITHOUT

This is the important content  prescribing at the Decree No. 49/2017/ND-CP on amending  the Article 15 of the Government’s Decree No. 25/2011/ND-CP elaborating and guiding the implementation of the law on telecommunications, and Article 30 of the Government’s Decree No. 174/2013/ND-CP on penalties for administrative violations in posts, telecommunications,...
Government-bond

Tax exemption for the government bond in the international market

On November 01, 2014, the Government issued the Resolution No. 78/NQ-CP on tax exemption for the Government bond in the international market in 2014. At the Resolution, the Government decides to exempt the enterprise income tax and personnel income taxes for incomes from Government bond’s interest in the international market...
commission for insurance contracts

Maximun commission for insurance contracts of guarantee insurance is 10%

This is the content prescribed at the Circular No. 194/2014/TT-BTC dated December 17, 2014 of the Ministry of Finance on amending and supplementing a number of articles of the Circular No. 124/2012/TT-BTC dated July 30, 2012 of the Ministry of Finance guiding the implementation of a number of articles...
Legal Updates

FUND MANAGEMENT COMPANIES BE PROHIBITED FROM USING RAISED CAPITAL FOR FINANCIAL INVESTMENT

This is one of the contents prescribed at the Circular No. 146/2014/TT-BTC dated October 06, 2014 of the Ministry of Finance guiding the financial regime for securities companies and fund management companies, branches of foreign fund management companies licensed to be established and operate in Vietnam. Accordingly, securities companies and...

Advice on marriage registration procedure in Vietnam

Question: I am guy who is a USA national and lives in New York, has decided to get married to my Vietnamese girlfriend whom he met in Vietnam. She currently lives and works in Hai Duong city. If we decide to get married in Vietnam, would you be able...
banks allowed purchasing debts

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...

POLICIES ON SUPPORT FOR BASIC TRAINING COURSES AND SHORT-TERM TRAINING COURSES

On September 28, 2015, the Prime Minister signed the Decision No. 46/2015/QD-TTg prescribed the policies for support for basic training courses and training courses shorter than 03 months (hereinafter referred to as short-term courses), including: subsidies on training costs; allowance for living costs, and organization of implementation of policies...

Conditions for land allocation, land lease for implementing investment projects

In accordance with the Decree No. 43/2014/ND-CP detailing a number of articles of the Land Law issued by the Government on May 15, 2014[...]

Free for renunciation of Vietnamese nationality

This is one of important contents prescribed at the Decree No. 97/2014/ND-CP dated October 07, 2014 of the Government amending and supplementing a number of articles of the Government’s Decree No. 78/2009/ND-CP of September 22, 2009, detailing and guiding a number of articles of the Law on Vietnamese Nationality…[...]