Male employees whose wives give birth to children are entitled to a leave 5-7 days

Male employees whose wives give birth to children are entitled to a maternity leave of 5-7 working days

This new content is formally regulated in the Insurance Law No. 58/2014/QH13 passed by the National Assembly on November 20, 2014. Accordingly, from 2016, male employees currently paying social insurance premiums whose wives give birth to children are entitled to a maternity leave of 5 working days; 7 working...

After March 01, 2018, close current account of household fail to complete the change of account forms

Takes effect on March 01, 2017, the Circular No. 32/2016/TT-NHNN dated December 26, 2016 of the State Bank on amending the Circular No. 23/2014/TT-NHNN dated August 19, 2014 of the State Bank of Vietnam guiding the opening and use of payment accounts at payment service suppliers, before March 01,...

Restricted activities within a coast protection corridor

The Government issued Decree No. 40/2016/ND-CP on May 15, 2016 detailing a number of articles of the Law on Marine and Island Resources and Environment; in which the most important provision is about restricted activities within a coast protection corridor. Accordingly, exploitation of groundwater may be conducted only in emergency...

Adjusting the financial management mechanism for vietnam development bank

On April 29, 2016, the Ministry of Finance issued the Circular No. 67/2016/TT-BTC amending; supplementing some contents of the Circular No. 111/2007/TT-BTC dated September 12, 2007 guiding the implementation of financial management mechanism for Vietnam Development Bank. In particular, after calculating the total actual capital amount as a basis to...

Small and medium-sized enterprises are entitled to get loans from the national fund of employments.

On November 16, 2013, the National Assembly approved the Law on Employment No. 38/2013/QH13 provides for supporting policies in employment creation; information on labor market; assessment and issuance of national vocational skill certificates; organization and operation of employment services; unemployment insurance and state management on employment. Within that, this Law...
From 2015, incomes from casinos shall not be taxable

From 2015, incomes from casinos shall not be taxable

According to the Law No. 71/2014/QH13 dated November 26, 2014 amending and supplementing a Number of Articles of theLaws on Taxes approved by the National Assembly, incomes  from  independent  professional  activities  of  individuals possessing practice licenses or certificates in accordance with law and having  an  annual  turnover  of  100 ...

Exempt import tax within 05 years for raw materials or components

Circular No. 83/2016/TT-BTC issued by the Ministry of Finance on June 17, 2016 guiding the implementation of the investment incentive programs under the provisions of the Law on Investment and the Decree No. 118/2015/ND- CP dated November 12, 2015 specifying and guiding the implementation   of   several   articles   of   the ...
Regulations on asset management officer’s remuneration

Regulations on asset management officer’s remuneration

On February 16, 2015, the Government issued the Decree No. 22/2015/ND-CP detailing a number of articles of the Law on Bankruptcy regarding asset management officers and asset management and liquidation practice. Within that, an asset management officer or asset management and liquidation firm shall refuse to conduct asset management...
FROM AUGUST 06, EQUITIZING THE ENTERPRISE PRODUCING CIGARETTE

From August 06, equitizing the enterprise producing cigarette

On June 18, 2014, the Prime Minister issued the Decision No. 37/2014/QD-TTg dated June 18, 2014 of the Government on promulgating the criteria, lists of classification of State-owned enterprises [...]

Exempt licensing fees for households having annual revenues of less than vnd 100 million

The individuals, groups of individual and households that have their trade/production activities with annual revenues of less than VND 100 million shall be exempted from licensing fees is the important content prescribed at the Decree No. 139/2016/ND-CP dated October 04, 2016 of the Government on licensing fees. Beside the individuals,...