Deposit interest rate and payment of deposit interest rate for outsourcers
On December 11, 2014, the State Bank of Vietnam issued the Circular No. 40/2014/TT-NHNN guiding the payment and management of outsourcer’s deposits.
In accordance with regulations prescribed in this Circular, when an outsourcer wishes to pay a deposit into its account at a bank, the depositary bank and the outsourcer...
Cadets with distinction graduation shall be bestowed with ranks one grade higher
In accordance with the Law on the People’s Public Security Forces No. 73/2014/QH13 passed by the National Assembly, from July 01, 2015, cadets of People’s Public Security schools with distinction graduation shall be bestowed with ranks one grade higher instead of Sergeant for Intermediate-level school; Sergeant major for College...
Procedures of declaring value added tax for foreign contractors
On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.
Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the...
Terrestrial cell phones consigned are exmpt from import license
On November 26, 2014, the Ministry of Information and Communications promulgates the Circular No. 18/2014/TT-BTTTT detailing the Government’s Decree No. 187/2013/ND-CP of November 20, 2013, on the grant of import licenses for radio transmitters and radio transceivers; deciding terrestrial cell phones that are consigned together or not together with...
Reducing the average poverty rate by 1.5%/year
This is one of the economic – social objectives directed by the Prime Minister at the Directive No. 22/CT-TTg on the elaboration of the 05 year socio-economic development plan from 2016 to 2020[...]
AGRICULTURE’S GDP PROPORTION OF 15%
The Prime Minister has just signed the Decision No. 1342/QD-TTg dated August 12, 2014 approving the plan of action to develop agricultural machinery industry in implementation of Vietnam’s industrialization strategy within the framework of Vietnam - Japan cooperation through 2020, with a vision toward 2030.
This Strategy shall be implemented...
To increase on regional minimum wage from January 01, 2017
On November 14, 2016, the Government issued the Decree No. 153/2016/ND-CP dated November 14, 2016 of the Government providing on regional minimum wage rates applied to employees working under an employment contract, takes effect on January 01, 2017.
Accordingly, the regional minimum wage rate applied to employees working for enterprises...
Circular No. 04/2015/TT-BLĐTBXH
Circular No. 04/2015 / TT-BLĐTBXH of the Ministry of Labour, Invalids and Social Affairs guiding the implementation of compensation, pension and health care costs of the employer to the employee accident labor, occupational diseases
Accident workers decrease the ability to work from 5% - 10% shall be compensated at least...
condominium building projects under 2 ha shall be formulated without formulation of detailed construction planning
In accordance with the Decree No. 44/2015/ND-CP dated May 06, 2015 of the Government detailing a number of contents on construction planning, for particular-function zones of over 500 ha each, general construction planning shall be formulated in conformity with provincial construction planning and urban planning; and be used as...
From april 01, exempt import taxes of many commodities from japan
On February 14, 2015, the Ministry of Finance issued the Circular No. 24/2015/TT-BTC promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019.
Accordingly, applicable from April 1, 2015, through March 31, 2016, to apply the import tax rate of 0% for many commodities....
