TO INCREASE THE MINIMUM WAGES FROM JANUARY 01, 2019
On November 16, 2018, the Government issues the Decree No. 157/2018/ND-CP providing for region-based minimum wages applied to employees working under labor contracts.
Accordingly, from January 01, 2019, the region-based minimum wages are specified as follows:
- VND 4,180,000/month, for enterprises operating in localities of region I;
- VND 3,710,000/month, for enterprises...
Foreign exchange agents aren’t allowed to exchange foreign currency for other foreign currencies
As in former regulations, foreign exchange agents are not allowed to exchange foreign currency cash for Vietnam dong, then in accordance with this Circular, foreign exchange agents are not allowed to exchange foreign currency cash for other foreign currencies either. Now, these agents are only allowed to exchange Vietnam...
Legal Document Updates in English
FINANCE - BANKING
05 CRITERIA FOR RANKING AND POINTS FOR PEOPLE’S CREDIT FUNDS
The State Bank of Vietnam issued the Circular No. 42/2016/TT-NHNN dated December 30, 2016 promulgating on ranking of People’s Credit Funds.
Accordingly, the ranking will be out of 100 points, and it will be allocated for each criteria as...
Duty-free allowances for luggage whose total customs value does not exceed VND 10 million
In accordance with the Decree No. 134/2016/ND-CP dated September 01, 2016 of the Government on guiding the Law on Export and Import duties, each time a person immigrates under a passport or a passport substitute (except for laissez-passers) issued by a Vietnamese authority or foreign authority, he/she shall be...
Bac Ninh: The unemployment rate in urban areas will drop to 2.5% by 2020
On October 9, 2013, the Prime Minister issued Decision No. 1831/QD-TTg, approving the master plan on socio-economic development of Bac Ninh province through 2020, with orientations toward 2030[...]
The maximum fee for appraisal of performance art programs is VND 5 million
On November 15, 2016, the Ministry of Finance issued the Circular No. 288/2016/TT-BTC on amounts, collection, payment, management and use of fees for appraisal of performance art programs; fees for appraisal of performances recorded on tapes, discs, software programs or other materials.
At this Circular, the Ministry of Finance, the...
Develope science and technology information activities
On February 18, 2014, the Government issued the Decree No. 11/2014/ND-CP science and technology information activities, encourage individuals and organizations to cooperate in and finance the formation and development of the national science and technology database. [...]
SUPPLEMENT THE CASES ON THE DOCUMENT CEASE TO BE EFFECTIVE
On June 22, 2015, the National Assembly passed the Law No. 80/2015/QH13 on Promulgation of Legal Documents, within that, the most important contents is the supplementation on legal documents ceasing to be effective.
In particular, beside a legal document ceases to be effective in part or in whole such as...
Conditions for manufacture of cosmetic products
On July 01, 2016, the Government issued the Decree No. 93/2016/ND-CP providing for conditions for manufacture of cosmetic products, within that, the manufacture of cosmetic products must have a cosmetic manufacturer must be established under the law; and have obtained a Certificate of eligibility for cosmetic manufacturing.
A cosmetic manufacturer...
Civil code 2005 in Vietnam
The Civil Code provides the legal status, legal standards for the conduct of individuals, legal persons, other subjects; the rights and obligations of subjects regarding personal identities and property in civil, marriage and family, business, trade, labor relations [...]
