FROM MARCH 15, TO APPLY THE INTEREST RATE IN NEW REGIME
On December 30, 2016, the State Bank of Vietnam issued the Circular No. 39/2016/TT-NHNN prescribing lending transactions of credit institutions and/or foreign bank branches with customers, takes effect on March 15, 2016.
The most important content is the regulations in Interest rate of loan. A credit institution and its customer...
Law on Housing of Vietnam 2014
Law on Housing of Vietnam 2014 stipulates ownership, development, management, use of housing; housing-related transactions; state management of housing in Vietnam and applies to organizations, households or individuals related to ownership, development, management, use; transactions in housing and state management of housing in Vietnam.
Law on Housing of Vietnam 2014...
License charge for production or trading of chemicals is vnd 200.000
In accordance with the Circular No. 85/2015/TT-BTC dated June 03, 2015 of the Ministry of Finance providing for rates, collection, payment, management and use of charges and fees in chemical business any organization/individual applying for a license or a certificate relating to chemical business; any organization/individual applying for approval...
STATE ENTERPRISES NOT ALLOWED IN REAL ESTATES AND SECURITY
This content prescribed at the Decree No. 91/2015/ND-CP of the Government on October on investment of state capital in enterprises and management and use of capital and assets at enterprises, takes effect on December 01, 2015.
In particular, state enterprises may use assets and capital under their management and use...
To 2020, Vietnam basically become an industrial country
With the objects to build and develop the supporting industry to ensure the implementation of target by 2020 to make Vietnam basically become an industrial country having products of supporting industry with high competitiveness[...]
CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
The Circular prescribing that for customers being residents, factoring unit shall consider and decide on factoring when customers being legal status that has legal personality of...
Organizations performing motor vehicle inspection services not be allowed to be involved in auto transport services
On July 01, 2016, the Government issued the Decree No. 63/2016/ND-CP on requirements for motor vehicle inspection service business (automobiles, trailers, semi-trailers hauled by automobiles and similar vehicles).
Organizations that are granted inspection condition certificates shall be eligible for performing motor vehicle inspection services. Organizations performing motor vehicle inspection services...
PREFERENTIAL TREATMENT IN EDUCATION FOR CHILDREN OF PEOPLE DEVOTE TO THE REVOLUTION
On September 28, 2015, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 36/2015/TT-BLDTBXH guiding the application and procedures for preferential treatment in education for people devote to the revolution and their children, including, any children of people meritorious to the revolution who is studying...
Allowed to submit the copies on granting for establishing banks
This is the new content prescribed at the Circular No. 08/2015/TT-NHNN dated June 30, 2015 of the State Bank of Vietnam amending, supplementing a number of Articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the State Governor of Vietnam regulating on licensing and organizations, operations of...
New regulations on bank transfer confirmation
On October 28, 2016, the Ministry of Finance issued the Circular No. 173/2016/TT-BTC on amending and supplementing the first paragraph of clause 3 Article 15 of Circular No. 219/2013/TT-BTC by the Ministry of Finance (amended by Circular No. 119/2014/TT-BTC, Circular No. 151/2014/TT-BTC and Circular No. 26/2015/TT-BTC by the Ministry...
