Competition law

The Vietnam Competition Law 2004

Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of December 25, 2001 of the 10th National Assembly, the 10th session; [...]
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...

Notarization of economic contracts the maximum fee shall be VND 70 million/case

The Circular No. 257/2016/TT-BTC issued by the Ministry of Finance on November 11, 2016 on regulations on notarial and authentication service fees, fees for verification of eligibility for practicing as a notary, fees for verification of eligibility for operating private notary office, charges for processing of applications for notary...
brand name is not listed in the procurement bidding dossiers

brand name is not listed in the procurement bidding dossiers

Procurement bidding dossiers not allowed to list the brand name, specific origin of goods which can cause unfair competition is the important content prescribed at the Circular No. 05/2015/TT-BKHDT dated June 16, 2015 of the Ministry of Planning and Investment detailing the making of goods procurement bidding dossiers. On taxes,...

Guidance on remunerations for managerial personnel in deposit insurance of Vietnam

On October 25, 2016, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 32/2016/TT-BLDTBXH guiding the management of employees and remunerations in deposit insurance of Vietnam. O Within that, the adjustment and promotion of managerial personnel’s pay grade upon the re-ranking of Deposit Insurance of Vietnam...

REGULATIONS ON GUIDING THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS

On December 30, 2016, the Ministry of Construction issued the Circular No. 30/2016/TT-BXD on guiding the engineering, procurement and construction contracts (EPC contract). In accordance with the regulations in this Circular, an EPC contract applies solely to construction projects and contract packages of which execution time is required to be...

THE MAXIMUM STATE INVESTMENT LOAN FOR A PROJECT IS 70%

Takes effect on May 15, 2017, the Decree No. 32/2017/ND-CP dated March 31, 2017 of the Government on state investment credit, prescribing that the maximum state investment loan for a project is 70% of the total investment capital of such project (excluding liquid capital). Also in accordance with this Decree,...

CASES ON APPRAISAL OF THE RESERVE PRICE OF NONPERFORMING LOANS

On May 16, 2017, the Government issued the Decree No. 61/2017/ND-CP stipulating on appraisal of the reserve price of nonperforming loans, collateral of nonperforming loans and establishment of the Council for auction of nonperforming loans, collateral of nonperforming loans for high value nonperforming loans, collateral of nonperforming loans. Accordingly, cases...
for establishing banks

Allowed to submit the copies on granting for establishing banks

This is the new content prescribed at the Circular No. 08/2015/TT-NHNN dated June 30, 2015 of the State Bank of Vietnam amending, supplementing a number of Articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the State Governor of Vietnam regulating on licensing and organizations, operations of...

GUIDING THE ISSUANCE THE RECEIPT OF CHARGES AND FEES

On November 15, 2016, the Ministry of Finance issued Circular No. 303/2016/TT-BTC guiding the printing, issuance, management and use of documents for the collection of charges and fees belonging to the State budget. Accordingly, receipt issuance notices shall be made for receipts printed on orders placed by provincial-level Tax Departments...