Guarantees for sale and hire-purchase of future-acquired houses
On June 25, 2015, the State Bank of Vietnam issued the Circular No. 07/2015/TT-NHNN stipulating the bank guarantee, within that guarantees for sale and hire-purchase of future-acquired houses is the most important contents.
In particular, when giving a bank guarantee to the owner of real estate projects developed for the...
Incentives for water conservation activities
On June 08, 2015, the Government issued the Decree No. 54/2015/ND-CP providing incentives for water conservation activities, accordingly, water conservation means the application of measures and technologies to recirculate or reuse water, collect rainwater and turn brackish water and saline water into freshwater for use, or to reduce the...
Second-hand cars over 5 years old are not allowed to be imported
On November 20, 2013, the Government issued Decree No. 187/2013/ND-CP on detailing implementation of the Commercial Law regarding to international purchases and sales of goods, agencies’ activities for purchases, sales and processing and abroad goods transit. Remarkably, Decree regulates the allowance to import second hand car under 5 years...
SECURITY EQUIPMENT ONBOARD SHIPS, MOBILE DRILLING RIGS MUST MAINTAIN 24/24
On December 27, 2016, the Government issued the Decree No. 170/2016/ND-CP dated December 27, 2016 of the Government regulating on announcement, receiving, processing and transmitting maritime security information.
Within that, the most important content is the responsibilities of owners of Vietnamese ships, port facilities and mobile drilling rigs. Every owner...
MAINTENANCE, REPAIRS OF ELECTRICITY TRANSMISSION SYSTEM
The Ministry of Industry and Trade issued the Circular No. 25/2016/TT-BCT dated November 30, 2016 on regulations on electricity transmission system, the electricity system and market operator shall be responsible for formulating plans for maintenance and repair of the electricity transmission system including plans for maintenance and repair of...
Assignment of given sea areas to organizations and individuals for marine resource exploitation
On May 21, 2014, the Government issued the Decree No. 51/2014/ND-CP providing the assignment of given sea areas to organizations and individuals for marine resource exploitation and use with the maximum duration is 30 years[...]
Offering with drug bidding packages price does not exceed VND 5 billion
According to the Circular No. 11/2016/TT-BYT dated May 11, 2016 of the Ministry of Health on bidding for drugs supply for public health facilities, competitive offering shall be applied with drug bidding packages that price does not exceed VND 05 billion, has contractor selection plan approved by the competent...
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...
Regulations in adjusting increase of charter capital level
On December 31, 2013, the Ministry of Finance issued the Circular No. 220/2013/TT-BTC guiding the implementation of the Decree No. 71/2013/ND-CP of July 11, 2013, on investment of state capital in enterprises and financial management of enterprises of which 100% charter capital is held by the State[...]
To classify pay scale and payroll in state securities trading organization
Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock...
