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Invalidating regulations on importation of used machinery, equipment

Facing with many negative reactions from enterprises of construction and agriculture machines and equipments, on August 29, 2014, the Minister of Science and Technology signed the Decision No. 2279/QD-BKHCN invalidating Circular No.20/2014/TT-BKHCN on importation of used machinery, equipment and technological line.[...]
APPROVAL PROCEDURE FOR ACTIVITIES OF EXPORT, IMPORT OF FOREIGN CURRENCY IN CASH

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...

PILOT PERMISSION FOR VIETNAMESE CITIZENS TO PLAY IN CASINOS

On January 16, 2017, the Government issued Decision No. 03/2017/ND-CP on casino business, pilot permit for Vietnamese citizens to play in casinos included entertainment complexes at places satisfying requirements and approved by the competent authorities. The duration of pilot permission shall be 03 years from the day on which the...

The application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions

On June 18, 2021, The Ministry of Finance issued Circular No 45/2021/TT-BTC guiding the application of the Advanced Pricing Agreement (APA) mechanisms in tax administration for enterprises that have associated transactions. Accordingly, the regulations of APA proposing transactions as follows: - APA proposing transactions are associated transactions specified in Clause 2, Article 1 Decree No 132/2020/ND-CP. Currently, APA transactions are...

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[...]
Viettel group

Viettel group has dominant position on land mobile information services

On June 15, 2015, the Ministry of Information and Communications issued the Circular No. 15/2015/TT-BTTTT amending a number of articles of the Circular No. 18/2012/TT-BTTTT dated November 15, 2012 of the Ministry of Information and Communications on list of telecommunications enterprises, group of telecommunications enterprises with dominant position on...

Adjusting the financial management mechanism for vietnam development bank

On April 29, 2016, the Ministry of Finance issued the Circular No. 67/2016/TT-BTC amending; supplementing some contents of the Circular No. 111/2007/TT-BTC dated September 12, 2007 guiding the implementation of financial management mechanism for Vietnam Development Bank. In particular, after calculating the total actual capital amount as a basis to...
To exempt from customs declaration

To exempt from customs declaration for postal articles in diplomatic and consular bags

On April 14, 2015, the Ministry of Finance issued the Circular No. 49/2015/TT-BTC dated April 14, 2015 o providing customs procedures for mails and parcels and bales of imports and exports sent via postal services provided by designated enterprises. In accordance with this Circular, imported and exported mails sent via...

Petrol and oil temporarily imported for re-export may be retained in Vietnam within maxium 180 days

On October 9, 2013, the Ministry of Finance promulgated Circular No. 139/2013/TT-BTC, on customs procedures for petrol and oil exported[...]
Legal Updates

FUND MANAGEMENT COMPANIES BE PROHIBITED FROM USING RAISED CAPITAL FOR FINANCIAL INVESTMENT

This is one of the contents prescribed at the Circular No. 146/2014/TT-BTC dated October 06, 2014 of the Ministry of Finance guiding the financial regime for securities companies and fund management companies, branches of foreign fund management companies licensed to be established and operate in Vietnam. Accordingly, securities companies and...