01 MILLION ENTERPRISES SHALL BE IN VIETNAM BY 2020
At the Resolution No. 35/NQ-CP dated May 16, 2016 on business support and development to 2020, the Government has set a target for our country, in which by 2020, there will be at least 1 million enterprises including potential large-scale ones; the private sector is expected to contribute to...
The support for stabilizing production upon land recovery by the state
On May 15, 2014, the Government issued the Decree No. 47/2014/ND-CP on compensation, support and resettlement upon land recovery by the State, within that the most important content is the support for stabilization of livelihood and production upon land recovery by the State[...]
New regulations on the management of state foreign exchange reserves
On May 20, 2014, the Government issued the Decree No. 50/2014/ND-CP on the management of State foreign exchange reserves.
LEGAL CAPITAL LEVEL OF A CREDIT RATING AGENCY IS VND 15 BILLION
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital...
TO CHANGE THE PRINCIPLES OF THE MANAGEMENT BOARD OF A APARTMENT BUILDING
On December 15, 2016, the Ministry of Construction issued the Circular No. 28/2016/TT-BXD on amending the Circular No. 10/2015/TT-BXD providing regulations on professional training courses in management of apartment buildings, the Circular No. 11/2015/TT-BXD providing regulations on issuance of real estate broker license; guidelines for training and improving knowledge...
EMPLOYEE POLICIES IN THE CONTEXT OF TRANSFORMATION OF PUBLIC SERVICE ESTABLISHMENTS
On October 25, 2016, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 35/2016/TT-BLDTBXH providing guidance on implementation of employee policies in the context of transformation of public service establishments into Joint-Stock Companies under the Prime Minister’s Decision No. 22/2015/QD-TTg dated June 22, 2015.
Employees that...
THE NATIONAL TECHNICAL REGULATION ON FROZEN TRA FISH FILLETS
On March 21, 2017, the Ministry of Agriculture and Rural Development issued Circular No. 07/2017/TT-BNNPTNT introducing the national technical regulation on “fishery product - frozen Tra fish fillets”.
Within that, frozen Tra fish fillet refers to the boneless flesh which has been cut from a Tra fish body by cutting...
Conditions to apply VAT rate of 0% to exported goods and services
On December 18, 2013, the Government issued Decree No. 209/2013/ND-CP on detailing and guiding implementation of several articles of Law on Value-Added Tax on exported goods and services (Including: Works built and installed abroad; spare parts for repair, maintenance of means, machinery, equipment for foreign parties…) which will enjoy...
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...
Import of steel scraps must deposit from 10% – 20%
In order to ensure that scrap importers take responsibility for handling environmental risks and pollution which may arise from the imported scrap lots, in the Decree No. 38/2015/ND-CP dated April 24, 2015 on the management of wastes and scraps, the Government requires scrap importers to pay deposits at Vietnam...
