The provision of e-customs declaration information

The statute on provision and use of e-customs declaration information was promulgated on August 19, 2016 at Decision No. 33/2016/QD-TTg by the Prime Minister. According to the statute, e-customs declaration information will be sent to information users from the customs information portal within 1 minute as of the receipt of...

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...
investment in railway infrastructure

Seeking private sector involvement in investment in railway infrastructure

With the target to gradually reduce the burden on the state budget, and meet the target of socio-economic development, industrialization - modernization of the country; to restructure the railway sector investment, enhance private sector involvement investment ratio in the railway infrastructure commensuration with other transport fields; the Minister of...
obtain mineral exploration licenses

Refund of funds in case of failing to obtain mineral exploration licenses

According to the Joint Circular No. 61/2014/TTLT-BTNMT-BKHDT-BTC dated November 14, 2014 of the Ministry of Natural Resources and Environment, the Ministry of Planning and Investment and the Ministry of Finance guiding procedures for contributing capital to geological baseline surveys of minerals by organizations and individuals and management of their...

Advertising works are not allowed to be installed in the safety corridor of road tunnels.

On October 31, 2013, the Ministry of Construction issued Circular No. 19/2013/TT-BXD on promulgating national technical specifications on construction and installation of outdoor advertising, stipulating requirements to be followed upon designing[...]

From October 15, transfer the permit for foreign exchange transactions

The State Bank of Vietnam issued the Circular No. 21/2014/TT-NHNN dated August 14, 2014 guiding the foreign exchange transactions, conditions, process and procedures for accepting the foreign exchange transactions of credit institutions and branches of foreign banks[...]

New regulations on preferential policies upon selecting tenderers

On November 26, 2013, the National Assembly approved Law on Bidding No. 43/2013/QH13, which shall take effect fromJuly 1, 2014 and supersede Law on Bidding No. 61/2005/QH11[...]
legal updates 002

MUST DECLARE INCOME IN SOFTWARE PRODUCTION

The Ministry of Information and Technology issued the Circular No. 16/2014/TT-BTTTT dated November 18, 2014 on identifying the software production; within that, the most important content is the requirements applied to software producers. Accordingly, organizations and companies must have Certificates of Business registration, certificates of investment, or written appointments issued...

CHANGING THE ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF INFORMATION AND COMMUNICATIONS

In accordance with the Decree No. 17/2017/ND-CP dated February 17, 2017 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Information and Communications, from February 17, 2017, the Ministry of Information and Communications has 28 attached units instead of 29 attached units in...

PUBLIC COMPANY SHALL BUILD ITS WEBSITE WITHIN 6 MONTHS AFTER IT BECOMES PUBLIC

Takes effect on January 01, 2016, the Circular No. 155/2015/TT-BTC dated October 06, 2015 of the Ministry of Finance guiding the disclosure of information on the securities market, requires that public company shall build its website within 6 months after it becomes public. Similarly, public company shall build its website...