Foreign loans over 10 million usd are subject to registration with the state bank
On September 15, 2014, the State Bank of Vietnam issued the Circular No. 25/2014/TT-NHNN guiding the procedure on registering and registering for changes of foreign loan of businesses not guaranteed by the Government[...]
Principles of opening pre-investment accounts of offshore investment activities
On June 29, 2016, the State Bank of Vietnam issued the Circular 12/2016/TT-NHNN guiding the foreign exchange management of offshore investment activities and takes effect August 13, 2016.
In accordance with the regulations of this Decree, after being granted an offshore investment registration certificate, an investor shall open 1 (one)...
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...
Increase special excise tax by 5% for alcohol and beer from 2016
On November 26, 2014, the 13th National Assembly on November 26, 2014 during the 8th session pass the Law No. 70/2014/QH13 on amending a number of articles of the Law on Special Excise Duty and deciding to increase special excise tax by 5% for some goods and commodities from...
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...
Encourage to provide for the voluntary supplemental retirement program
At the Decree No. 88/2016/ND-CP dated July 01, 201 of the Government on voluntary supplemental retirement program. The Government encourages developing voluntary supplemental retirement programs by means of incentive policies provided for in laws on taxation and investment results and payment rates made by retirement funds shall not be...
CHANGING THE ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF INFORMATION AND COMMUNICATIONS
In accordance with the Decree No. 17/2017/ND-CP dated February 17, 2017 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Information and Communications, from February 17, 2017, the Ministry of Information and Communications has 28 attached units instead of 29 attached units in...
Allowed to clear the loss and gain in the transfer of real estate
On June 18, 2014, the Ministry of Finance issued the Circular No. 78/2014/TT-BTC guiding the implementation of the Government’s Decree No. 218/2013/ND-CP of December 26, 2013, detailing and guiding the implementation of the Law on Enterprise Income Tax (EIT)[...]
LEGAL CAPITAL LEVEL OF A CREDIT RATING AGENCY IS VND 15 BILLION
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital...
Circular No.01/2015/TT-BXD of Ministry of Construction
This circular provides guidelines for determination of the unit labor cost in the management of the construction cost.
The unit labor cost is calculated according to the following formula:
GNC= LNCx HCBx 1/t
Where:
GNC: The unit labor cost paid to an employee who directly produces their output in a working day.
LNC : The...
