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[...]
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...
Approval procedure for activities of export, import of foreign currency in cash
On December 26, 2013, the Vietnam State Bank issued the Circular No. 33/2013/TT-NHNN providing guidelines upon approval procedure for activities of export, import of foreign currency in cash of permitted banks.
Under this Circular, commercial banks, branches of foreign banks permitted that have demand on export and import of foreign...
Reducing electricity selling price from june 01,2014
The Minister of Industry and Trade issued the Decision No. 4887/QD-BCT dated May 30, 2014 dated May 30, 2014 of the Ministry of Industry and Trade on electricity selling price.[...]
Learn Universal Life Insurance Policies
In accordance with the Circular No. 52/2016/TT-BTC of the Ministry of Finance dated March 21, 2016 guiding the provision of universal life insurance products, an insurer must satisfy the following conditions such as its solvency margin is at least VND 100 billion larger than the minimum solvency margin; having...
To supplement goods and services subject to price declaration
On November 11, 2016, the Government issued the Decree No. 149/2016/ND-CP amending, supplementing a number of articles of the Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding a number of articles of the Law on Price.
This Decree prescribes 16 types of goods and services...
Decree 28/2015/NĐ-CP of government on 12/03/2015 on the detailed rules for implementation of some articles of the Law on Employment of unemployment insurance
According to Decree No. 28/2015 / ND-CP of the Government dated 12/03/2015 detailing the implementation of some articles of the Law on Employment of unemployment insurance (BHTN), the employer shall make and submit the dossier for participating unemployment insurance for employees within 30 days from effective date of labor...
Law on Commercial Arbitration of Vietnam 2010
Law on Commercial Arbitration of Vietnam was passed on June 17, 2010, by the XIIth National Assembly of the Socialist Republic of Vietnam [.....]
PECUNIARY PENALTY TO VND 10 MILLION IMPOSED ON HOUSING LAND ENCROACHMENT AND APPROPRIATION
From December 25, 2014, pecuniary penalty ranging from VND 5,000,000 to VND 10,000,000, imposed on housing land encroachment and appropriation or pecuniary penalty ranging from VND 3,000,000 to VND 5,000,000, imposed on encroachment and appropriation violations in terms of the land parcel that is used for rice cultivation, specialized,...
TIME FOR CIRCULATION OF ANIMAL FEEDS IN VIETNAM IS FIVE YEARS
On September 04, 2015, the Ministry of Agriculture and Rural Development issued the Circular No. 29/2015/TT-BNNPTNT dated September 04, 2015 of the Ministry of Agriculture and Rural Development on amending and supplementing a number of articles of the Circular No. 66/2011/TT-BNNPTNT dated October 10, 2011 of the Ministry of...
