CONDITIONS TO APPLY VAT RATE OF 0% TO EXPORTED GOODS AND SERVICES

Conditions to apply VAT rate of 0% to exported goods and services

On December 18, 2013, the Government  issued Decree No. 209/2013/ND-CP on detailing and guiding implementation of several articles of Law on Value-Added Tax on exported goods and services (Including: Works built and installed abroad; spare parts for repair, maintenance of means, machinery, equipment for foreign parties…) which will enjoy...
Not use money in other capital contribution

Not use money in other capital contribution

On January 29, 2015, the Ministry of Finance issued the Circular No. 09/2015/TT-BTC dated January 29, 2015 of the Ministry of Finance guiding financial transactions of enterprise prescribed in the Article 6 of the Decree No. 222/2013/ND-CP dated December 31, 2013 of the Government providing for cash payment. At this...

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...

TO 2020, THE EXPECTED VOLUME OF GAS PRODUCTION IS 11 BILLION M3/YEAR

On January 16, 2017, the Prime Minister issued the Decision No. 60/QD-TTg on approving the plan for development of gas industry of Vietnam by 2025 with the vision to 2035, Invest in development of the gas industry sector with all stages which are organized in a complete and uniform...
To invest vnd 336,630 Billion for long thanh international airport project

To invest vnd 336,630 Billion for long thanh international airport project

In order to construct Long Thanh International Airport of grade 4F according to the gradation by International Civil Aviation Organization (ICAO) as an important international airport of Vietnam, to be one of the international aviation transit centers of the region, on June 25, 2015, the National Assembly passed the...
Recall discarded cell phone from july,2016

Recall discarded cell phone from july,2016

In accordance with the Decision No. 16/2015/QD-TTg dated May 22, 2015 of the Prime Minister on regulations on recall and treatment of discarded products, from July 01, 2016, accumulators of all types, batteries of all types, compact light; fluorescent light, desktop or laptop; computer monitor; CPU (micro processor), printer;...

Management of external communication activities of central-affiliated cities and provinces

On October 19, 2016, the Ministry of Information and Communications issued the Circular No. 22/2016/TT-BTTTT providing for the management of external communication activities of central-affiliated cities and provinces, including providing information for promotion of the province/city’s image and provision of explanatory or clarifying information. The information concerning the promotion of...
Material tobacco’s imported under the 2015 tariff quotas is 46,305 tons

Material tobacco’s imported under the 2015 tariff quotas is 46,305 tons

On December 15, 2014, the Ministry of Industry and Trade issued the Circular No. 49/2014/TT-BCT on the import of material tobacco under the 2015 tariff quotas. Accordingly, from January 01, 2015 to December 31, 2015, the material tobacco (HS Code 2401) to be imported under the 2015 tariff quotas is...

Change the method of tax calculation for foreign contractors

On August 06, 2014, the Ministry of Finance issued the Circular No. 103/2014/TT-BTC guiding the fulfillment of tax liability of foreign entities doing business in Vietnam or earning income in Vietnam, regulates that the contractor/subcontractor has a permanent establishment in Vietnam or the contractor/subcontractor is a resident of Vietnam[...]

Second-hand cars over 5 years old are not allowed to be imported

On November 20, 2013, the Government issued Decree No.  187/2013/ND-CP on detailing implementation of the Commercial Law regarding to international purchases and sales of goods, agencies’ activities for purchases, sales and processing and abroad goods transit. Remarkably, Decree regulates the allowance to import second hand car under 5 years...