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 ...
establishing thematic maps and geographical atlases must subject to licensing
The Government has just issued the Decree No. 45/2015/ND-CP dated May 06, 2015 on topographic and cartographic activities in the mainland, on islands, archipelagoes and sea areas, under the ground and in the space of the Socialist Republic of Vietnam, to issue List of 14 topographic and cartographic services...
Casino business must have licenses for collection and payment of foreign currency
On July 24, 2014, the State Bank of Vietnam (SBV) issued the Circular No. 15/2014/TT-NHNN guiding the exchange management of the business of prize-winning electronic games for foreigners[...]
MANY CASES OF EXEMPTION FROM SEVERANCE TAX
On October 02, 2015, the Ministry of Finance issued the Circular No. 152/2015/TT-BTC guiding the severance tax, and the taxable items are metallic minerals; non-metallic minerals; products of natural forests; natural aquatic organisms, including marine animals and plants; natural water; natural bird’s nests other than those collected from construction...
Inland waterway transportation must have automatic dentification system equipment
This is one of the conditions for passenger transportation business along fixed routes in accordance with the Circular No. 110/2014/ND-CP issued by the Government on conditions for inland waterway transportation business.
In particular, beside the condition that vessels are fitted with Automatic Identification System (AIS) equipment when operating along routes...
From january 07. increase the import tax for petroleum to 35%
The Ministry of Finance issued the Circular 03/2015/TT-BTC dated January 6, 2015 of the Ministry of Finance amending the preferential import tax rate for some petroleum commodities in the Heading 27.10 in the Preferential Import Tariff, decided to increase the preferential import tax of leaded motor spirit or unleaded...
HANDING OUT LEAFLETS MAY HAVE A FINE TO VND 500,000
On March 20, 2017, the Government issued the Decree No. 28/2017/ND-CP on amending the Government's Decree No. 131/2013/ND-CP on penalties for administrative violations against copyrights and related rights and the Government's Decree No. 158/2013/ND-CP on penalties for administrative violations against regulations on culture, sports, tourism, and advertising.
The Decree points...
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...
THE MAXIMUM STATE INVESTMENT LOAN FOR A PROJECT IS 70%
Takes effect on May 15, 2017, the Decree No. 32/2017/ND-CP dated March 31, 2017 of the Government on state investment credit, prescribing that the maximum state investment loan for a project is 70% of the total investment capital of such project (excluding liquid capital).
Also in accordance with this Decree,...
Conditions on export of minerals
On July 05, 2016, the Ministry of Industry and Trade issued the Circular No. 12/2016/TT-BCT on amending and supplementing a number of articles of the Minister of Industry and Trade’s Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals.
Within that, the important content is the regulations...
