Reduce interest rate of loan’s outstanding balance for house assistance to 5% per annum
On January 02, 2014, the State Bank of Bank issued the Decision No. 21/QD-NHNN providing the interest rate of commercial bank applied in 2014 for loan’s outstanding balance for house assistance in accordance with the Circular No. 11/2013/TT-NHNN date May 15, 2013[...]
Exemption from national occupational skills assessment for winners at a national vocational skills competition
A person who has won the first, second or third prize at a national vocational skills competition is entitled to recognition and grant of a certificate of national occupational skills of level 2 in the occupation in which he/she has won the prize is the content prescribed at the...
Fees for processing of applications for the license to use industrial explosives is VND 5 million
Any organizations applying for the license to use industrial explosives granted by competent state authorities must pay the fees for processing of applications for the license to use industrial explosives must pay between VND 2 million – VND 5 million depending on different purpose.
The fee for processing of application...
To apply temporary antidumping duties for several items of steel
This is a content regulated in Decision No. 9990/QD-BCT dated December 25, 2013 of the Ministry of Industry and Trade of Vietnam on application of temporary antidumping duties. [....]
Banks must converse basic foreign exchange activities before November of 2017
On October 05, 2016, the State Bank of Vietnam issued the Circular No. 28/2016/TT-NHNN on amending and supplementing a number of articles of Circular No. 21/2014/TT-NHNN of August 14, 2014, of the Governor of the State Bank of Vietnam, guiding the scope of foreign exchange activities and the conditions,...
Hanoi has scheme on 8 rapid bus routes
In order to develop the infrastructure traffic network which is synchronous, sustainable, modern, accessible, convenient and meet the travel needs of people and be of environmental friendliness, the Prime Minister signed the
Decision No. 519/QD-TTg approving the transportation planning of Hanoi Capital by 2030, with a vision to 2050,...
BANKS MUST MAINTAIN THE MINIMUM CAPITAL ADEQUACY RATIO OF 8%
Takes effect on January 01, 2020, the Circular No. 41/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam prescribing prudential ratios for operations of banks and/or foreign bank branches.
One of the most important content is that banks without subsidiary companies and/or foreign bank branches must maintain the...
Routes for transporation of goods in transit through the Vietnamese territory
On May 13, 2014, the Ministry of Transport issued the Circular No. 15/2014/TT-BGTVT guiding the routes for transportation of goods in transit through the Vietnamese territory[...]
Fees for granting the certificate performing the technical inspection on labor safety
From July 15, 2014, charges for the first time issuance, re-issuance of the certificate being qualified for performing the technical inspection on labor safety expired and charge for amending, supplementing; reissuing the certificate being qualified for performing the technical inspection on labor safety lost or damaged is 200,000 VND/paper and 150,000 VND/paper respectively[...]
Apply the enterprise income tax of 20% from January 01,2016
The persons subject to the tax rate of 22% specified in this Clause shall be subject to the tax rate of 20% shall applied onJanuary 01, 2016 is the content prescribed at the Decree No. 218/2013/ND-CP dated December 26, 2013 of the Government detailing and guiding the implementation of the Law on Enterprise Income Tax[...]
