Activities of representative office of foreign Educational Institute in Vietnam
Under Vietnam Law, a Foreign Educational Institute having been operating in Foreign Country for at least 5 years upward, being recognized by competent authority in Foreign Country for its quality can setup a Representative Office in Vietnam. [...]
Not carry out procedures for investment registration for domestic investment projects
On November 26, 2014, the National Assembly approved the Law No. 67/2014/QH13 on Investment with many new contents that have strong effects on domestic and foreign investors. First of all, the Law regulated that only investment projects of foreign investors and economic organizations having 51% or more of their ...
GOODS TEMPORARILY IMPORTED FOR SALE AT DUTY FREE SHOPS ARE EXEMPT FROM IMPORT DUTY AND VAT
The Government issued Decree No. 167/2016/ND-CP on December 27, 2016 on duty free business, prescribed that persons on exit or in transit, passengers onboard international flights from Vietnam or persons awaiting exit may purchase duty-free goods without limits in quantity and value but shall take responsibility for procedures and...
Telecommunications enterprise holding the essential instruments must apply for model connectivity agreement
In accordance with the Circular No. 07/2015/TT-BTTTT dated March 24, 2015 of the Ministry of Information and Communications on telecommunication connectivity, within 30 working days from the day on which a telecommunications enterprise is determined to be the one holding the essential instruments, such enterprise shall prepare, submit directly...
FROM MARCH 15, TO APPLY THE INTEREST RATE IN NEW REGIME
On December 30, 2016, the State Bank of Vietnam issued the Circular No. 39/2016/TT-NHNN prescribing lending transactions of credit institutions and/or foreign bank branches with customers, takes effect on March 15, 2016.
The most important content is the regulations in Interest rate of loan. A credit institution and its customer...
EXEMPTION FROM REGISTRATION FEES FOR HIGH-SPEED CRAFTS
On October 05, 2015, the Prime Minister signed the Decision No. 47/2015/QD-TTg on mechanism and policies on encouraging and developing the inland waterway transportation, and takes effect on December 01, 2015; within that the inland waterway vehicles are boats, ships and other floating structures with without engine always operating...
Tax paid on invividual’s behalf is in deductible expenses
On June 22, 2015, the Ministry of Finance issued the Circular No. 96/2015/TT-BTC guiding the Enterprise Income Tax in the Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law Amending and Supplementing a Number of Articles of the Tax Laws and amending...
Approving list of high technologies prioritized for development investment
On November 25, 2014, the Prime Minister issued the Decision No. 66/2014/QD-TTg approving the list of high technologies prioritized for development investment and the list of hi-tech products eligible for development promotion.
Accordingly, from January 15, 2015, list of high technologies prioritized for development investment includes 58 technologies instead of...
Determination of land use levy when changing the land use purpose
According to the Circular No. 76/2014/TT-BTC dated June 16, 2014 of the Ministry of Finance guiding a number of articles of the Government’s Decree No. 45/2014/ND-CP of May 15, 2014, providing the collection of land use levy, for households or individuals that are leased by the State non-agricultural land with one-off rental payment for the entire lease period.[...]
Photocopying service establishment must make declaration at least 10 days before operation
A photocopying service establishment shall make declaration to the district-level People’s Committee at least 10 days before operation is the important content at the Decree No. 60/2014/ND-CP dated June 19, 2014 of the Government prescribing printing activities[...]
