Industrial park’s managing board allowed to issue the work permit for foreigners
The Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 32/2014/TT-BLDTBXH guiding the authorization for performing a number of tasks of state management of labor in industrial parks, export processing zones, economic zones and hi-tech parks.
Accordingly, district-level People’s Committees shall authorize industrial park management boards to...
Subjects allowed to use foreign exchange within Vietnam’s territory
On December 26th 2013, the State Bank of Vietnam issued Circular No. 32/2013/TT-NHNN on guiding the implementation of regulations on restricting the use of foreign exchange within the territory of Vietnam and residents are allowed to contribute capital in foreign currency by transfer in order to perform foreign investment projects in Vietnam. [...]
By the end of 2015, reduce non-performing loans to below 3 %
The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the...
PROCEDURES FOR FORMULATION, ASSESSMENT AND APPROVAL FOR ELECTRICITY TRANSMISSION PRICE
On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission price; applicable to Vietnam Electricity, National Power Transmission Corporation, system and market operator, Electric Power Trading Company, power corporations...
From 2016, total number of national assembly deputies must not exceed 500
The total number of National Assembly deputies must not exceed 500, including full-time and part-time National Assembly deputies, of which the number of full-time National Assembly deputies must account for at least 35% of the total number of National Assembly deputies is one of the most significant points under...
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,...
Subjects under polices of extension for agricutural land use duaration
On October 15, 2013, the Government issued Decree No. 126/ND-CP on guiding the implementation of national assembly’s resolution No. 49/2013/QH13 of June 21, 2013, on extension of the duaration of land use for cultivation of annual drops, aquaculture or salt making of households and individuals.
Accordingly, in case land use...
Apply international standards, regional standards in agriculture
In order To step by step harmonize national standards and technical regulations with regional and international standards, on February 14, 2015, the Ministry of Agriculture and Rural Development issued the Circular No. 07/2015/TT-BNNPTNT guiding the adoption of international standards, regional standards and foreign standards in activities managed by The...
navigation signs and symbols must install within 30 days
On June 30, 2016, the Ministry of Transport issues the 15/2016/TT-BGTVT dated June 30, 2016 of the Ministry of Transport on inland waterway management, providing that within 30 days from the date of completion of the, the investor or construction contractor shall install navigation signs and symbols under regulation...
The detailed planning for seaports in the middle central vietnam (group 3)
On July 29, 2016, the Minister of Ministry of Transport issued Decision No. 2369/QD-BGTVT approving the detailed planning for seaports in the Middle Central Vietnam (Group 3) by 2020 and the orientation towards 2030, includes seaports of following coastal provinces: Quang Binh, Quang Tri, Thua Thien Hue, Da Nang,...
