Fire and explosion in surance business must pay for fire prevention and fighting activities
In accordance with the Joint Circular No. 214/2013/TTLT-BTC-BCA dated December 31, 2013 of the Ministry of Finance and the Ministry of Public Security detailing the implementation of some articles of the Decree No. 130/2006/ND-CP dated November 08, 2006 of the Government providing for the compulsory fire and explosion insurance regime[...]
From march 16, 2017, add more iodine to salt
On January 28, 2016, the Government issue the Decree No. 09/2016/ND-CP providing for food fortification with micronutrients, from March 16, 2017, to add more iodine to salt referred to in paragraph 1 (a) Article 6 hereof to prevent and control goitre, mental retardation and other iodine deficiency disorders.
Wheat flour...
Principles to deal with 100% State-owned charter capital
On December 9, 2013, the Government promulgated Decree No. 206/2013/ND-CP on management of debts of enterprises with 100% State-owned charter capital[...]
Bidding packages for consul Tancy services may select online contractors
In accordance with the Decree No. 63/2014/ND-CP issued by the Government on June 26, 2014 detailing a number of articles of the Bidding Law regarding contractor selection[...]
TO SUPPLEMENT THE SUBJECTS TO USE OF FOREIGN EXCHANGE WITHIN VIETNAM TERRITORY
Takes effect on December 03, 2015, the Circular No. 16/2015/TT-NHNN dated October 19, 2015 of the State Bank of Vietnam amending, supplementing a number of articles of the Circular No. 32/2013/TT-NHNN dated December 26, 2013 of the State Bank Governor guiding the implementation of regulations on restricting the use...
Requirements for import of cigarettes and cigar
On December 12, 2013, the Ministry of Industry and Trade issued the Circular No. 37/2013/TT-BCT providing the import of cigarettes and cigar and decides from February 20, 2014 that only Vietnam National Tobacco Corporation (VINATABA) is allowed to import cigarettes and cigars according to the mechanism of state trading....
TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS
Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Making and sending audit reports; Oversight of performance of audit conclusions and audit requests.
In accordance with...
Credit institution must have advances from vamc for the bad debts
In accordance with the Circular No. 20/2014/TT-NHNN dated August 12, 2014 of the State Bank of Vietnam on receipts and advances from Vietnam Asset Management Company (VAMC) for the bad debts bought by special bonds[...]
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...
LEGAL CAPITAL LEVEL OF A CREDIT RATING AGENCY IS VND 15 BILLION
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital...
