Restricting the new establishment of timber processing and trading establishments
On December 11, 2014, the Prime Minister signed the Decision No. 2242/QD-TTg approving the Scheme for strengthening the management of natural forest’s timber exploitation in 2014 – 2020 in order to improve quality of natural forest and develop the production forests with high quality eligible for sustainable exploitation...
Foreign exchange agents aren’t allowed to exchange foreign currency for other foreign currencies
As in former regulations, foreign exchange agents are not allowed to exchange foreign currency cash for Vietnam dong, then in accordance with this Circular, foreign exchange agents are not allowed to exchange foreign currency cash for other foreign currencies either. Now, these agents are only allowed to exchange Vietnam...
Subjects allowed to use foreign exchange within Vietnam’s territory
On December 26th 2013, the State Bank of Vietnam issued Circular No. 32/2013/TT-NHNN on guiding the implementation of regulations on restricting the use of foreign exchange within the territory of Vietnam and residents are allowed to contribute capital in foreign currency by transfer in order to perform foreign investment projects in Vietnam. [...]
By the end of 2015, reduce non-performing loans to below 3 %
The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the...
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...
Use short-term capital sources as medium and long term loans
On May 27, 2016, the State Bank of Vietnam issued the Circular No. 06/2016/TT-NHNN on amending and supplementing a number of Articles of the Circular No. 36/2014/TT-NHNN dated November 20, 2014 of the State Bank of Vietnam providing for prudential ratios and limits for operations of credit institution and...
Allowed to use foreign languages in teaching
The Prime Minister has just signed the Decision No. 72/2014/QD-TTg dated December 17, 2014 of the Prime Minister on teaching and learning in foreign language at schools and other educational institutions, any foreign language may be used partially or entirely to teach learners at general education level in Vietnam...
Food business facilities owners shall obtain certificate of food safety
Food business facilities owners or salespersons shall obtain the certificate of food safety and satisfy health requirements is the requirements for investment in food business facilities stipulated in Decree No.66/201/ND-CP dated July 01, 2016 of the Government on regulations on requirements for investment in protection and quarantine of flora,...
License fees for organization engaging in business with the maximum level of VND 3 million
Takes effect on January 01,2017, the Circular No. 302/2016/TT-BTC dated November 15, 2016 of the Ministry of Finance guiding the license fees for the organizations and individuals engaging in business operation from VND 01 – 03 million/year.
Within that the amounts of annual licensing fees for organizations engaging in business...
Medical establishments operating as enterprises may decide on price rates
On December 15, 2014, the Government issued the Resolution No. 93/NQ-CP dated December 15, 2014 on a number of mechanisms and policies on medical development. Under this Resolution, medical examination and treatment establishments operating as enterprises may decide on their price rates. All units shall declare and post up...
