Law on Independent Audit in Vietam.
This Law regulates the principles, conditions, scope, and form of independent audit activities; the rights and obligations of practicing auditors, auditing firms, branches of foreign auditing firms in Vietnam and the units that are audited.
Please see file attached. Law on Independent Audit in Vietam.
Science and technology organization must have at least 5 employees with university degree
On January 27, 2014, the Government issued the Decree No. 08/2014/ND-CP Detailing and guiding the implementation of a number of articles of the Law on Science and Technology, within that, there are many important contents. [...]
Change the organizational structure of the ministry of home affairs
On June 16, 2014, the Government issued the Decree No. 58/2014/ND-CP defining the functions, tasks, powers and organizational structure of the Ministry of Home Affairs replaces the Government’s Decree No. 61/2012/ND-CP of August 10, 2012, defining the functions, tasks, powers and organizational structure of the Ministry of Home Affairs[...]
The policies on redundancy to employees in the company when restructuring the state companies
On July 22, 2015, the Government issued the Decree No. 63/2015/ND-CP dated July 22, 2015 of the Government providing the policies towards redundant employment in accordance with the restructuring of state-owned one member limited companies.
Accordingly, policies towards redundant employees that are recruited before April 21st, 1998 or before April...
From april 15, exempt ticket price exemption for children of under six years old
In accordance with the Decree No. 14/2015/ND-CP dated February 13, 2015 of the Government Detailing and guiding the implementation of a number of articles of the Railway Law, exempt ticket price exemption for children of under six years old from April 15.
For other objectives, the Decree also details the...
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...
THE WITHDRAWAL PLAN OF DEPOSITS MUST BE SENT BEFORE THREE MONTHS
On January 24, 2017, the Ministry of Finance issued the Circular No. 08/2017/TT-BTC dated January 24, 2017 of the Ministry of Finance guiding the management and use of environmental remediation deposits paid by mining organizations, promulgates the deposit payer shall send withdrawal plan of deposits to the deposit receiver...
Cancel purchasing expenditures that the estimation has not been approved yet
On August 13, 2014, the Prime Minister issued the Directive No. 25/CT-TTg on superintending to perform financial tasks – Budget 2014, actively cut down on or put off the implementation of payment tasks for purchasing equipment, cars… that are out of date but still be usable[...]
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,...
Guidance on allocating profit of Vietnam asset management company
On December 27, 2013, the Ministry of Finance promulgated Circular No. 209/2013/TT-BTC on guiding the financial regulations applicable to Vietnam Asset Management Company (VAMC) for credit institutions, which shall comply with legislations applicable to the one-member limited liability companies of which 100% of charter capital is owned by State, the Government’s Decree No. 53/2013/ND-CP dated May 18, 2013 and related legal documents[...]
