Conditions on export of minerals
On July 05, 2016, the Ministry of Industry and Trade issued the Circular No. 12/2016/TT-BCT on amending and supplementing a number of articles of the Minister of Industry and Trade’s Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals.
Within that, the important content is the regulations...
Fees for issuance of the license for establishment of a bank is VND 140 million/license
This is the important content prescribed at the Circular No. 150/2016/TT-BTC dated October 14, 2016, providing for fees for issuance of license for establishment and operation of credit institutions; license for establishment of foreign banks’ branches, representative offices of foreign credit institutions or other foreign organizations having banking activities;...
BELIEF ESTABLISHMENT MUST BE REGISTERED AT LEAST 30 DAYS BEFORE STARTING BELIEF ACTIVITIES
Takes effect on January 01, 2018, the Law on belief and religion No. 02/2016/QH14 passed by the National Assembly on November 18, 2016, emphasizes that the State shall respect and protect the right to freedom of belief and religion of everyone; shall guarantee that all religions are equal before...
LIMITATION ON CROSS-OWNERSHIP AMONG COMPANIES
On October 02, 2015, the Ministry of Finance issued the Circular No. 152/2015/TT-BTC guiding the severance tax, and the taxable items are metallic minerals; non-metallic minerals; products of natural forests; natural aquatic organisms, including marine animals and plants; natural water; natural bird’s nests other than those collected from construction...
Hand goods for personal consumption exempted from food safety inspection
In accordance with the Circular No. 12/2015/TT-BNNPTNT dated March 16, 2015, providing guidance on food safety inspection of goods originating from imported plants. Hand goods for personal consumption of eligibility for import tax exemption; goods in diplomatic bags and consular bags; transited goods; goods sent in bonded warehouses; goods...
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...
National single-window mechanism to the procedure of appraising contents of imported childrens toys
On April 25, 2016, the Ministry of Finance, the Ministry of Culture, Sports and Tourism issued the Joint Circular No.64/2016/TTLT-BTC-BVHTTDL guiding the implementation of the national single-window mechanism with respect to the procedure of appraising contents of imported children’s toys under specialized management of the Ministry of Culture, Sports and...
CONDITIONS FOR SEAFARER’S TRAINING FACILITIES AND SEAFARER’S RECRUITMENT
On March 20, 2017, the Government issued the Decree No. 29/2017/ND-CP dated March 20, 2017 of the Government on conditions for seafarer's training facilities and seafarer’s recruitment and placement service providers.
Within that, the most important regulations is the conditions for seafarer’s training facilities. In particular, training facilities and equipment...
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...
The minimum amount of capital required for an airline is vnd 300 billion
This is the content prescribed at the Decree No. 92/2016/ND-CP dated July 1, 2016 of the Government providing for conditional business sectors or activities in the civil aviation industry and takes effect on July 01, 2016.
In particular, the minimum amount of capital required for establishment and maintenance of an...
