Vietnam bank for social policies shall classify debts every year on december 31
On July 01, 2015, the Prime Minister signed the Decision No. 976/QD-TTg prescribing the regulations on classification of debt at Vietnam Bank for Social Policies (VBSP) and requires VBSP to have solutions and regularly collect information on its customers in order to assess their solvency, take appropriate measures to...
Apec business travel card shall be valid for 5 years
Ministry of Public Security issued Circular No. 28/2016/TT-BCA on July 05, 2016 on implementation of regulation on issuance and management of APEC business travel cards.
According to this Circular, APEC business travel cards may function as an entry visa into countries and territories as members of APEC business travel cards....
Invalidating regulations on importation of used machinery, equipment
Facing with many negative reactions from enterprises of construction and agriculture machines and equipments, on August 29, 2014, the Minister of Science and Technology signed the Decision No. 2279/QD-BKHCN invalidating Circular No.20/2014/TT-BKHCN on importation of used machinery, equipment and technological line.[...]
enterprise may make deductions for 10% of the income setting up its science and technology development fund
In accordance with the Decree No. 95/2014/ND-CP dated October 17, 2014 of the Government On investment in, and the financial mechanism applicable to, scientific and technological activities. A state enterprise shall annually deduct between 3% and 10% of the income liable to enterprise income tax to set up its...
REGULATIONS ON GUIDING THE ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS
On December 30, 2016, the Ministry of Construction issued the Circular No. 30/2016/TT-BXD on guiding the engineering, procurement and construction contracts (EPC contract).
In accordance with the regulations in this Circular, an EPC contract applies solely to construction projects and contract packages of which execution time is required to be...
A license for hydro-meteorological forecast and warning activities is valid for 5 years at most
In accordance with the Decree No. 38/2016/ND-CP dated May 15, 2016 of the Government detailing a number of articles of the Law on Hydro-meteorology, a license for hydro-meteorological forecast and warning activities is valid for 5 years at most and extend at least 30 days before the license expires...
Decentralized wastewater treatment technologies
On April 03, 2015, the Ministry of Construction issued the Circular No. 04/2015/TT-BXD dated April 03, 2015 of the Ministry of Construction guiding the implementation of a number of articles of the Decree No. 80/2014/ND-CP dated August 06, 2014 of the Government on the waste water drainage and treatment.
Within...
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.
Restricting the new establishment of timber processing and trading establishments
On December 11, 2014, the Prime Minister signed the Decision No. 2242/QD-TTg approving the Scheme for strengthening the management of natural forest’s timber exploitation in 2014 – 2020 in order to improve quality of natural forest and develop the production forests with high quality eligible for sustainable exploitation...
Publishing houses must have at least 200 m2 for use
At the Decree No. 195/2013/ND-CP dated November 21, 2013 of the Government detailing a number of articles of, and measures for implementing, the Publication Law[...]
