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...
Responsibilities of trade unions in state management and socio- economic management
According to the Decree No. 200/2013/ND-CP dated November 26, 2013 of the Government detailing Article 11 of the Law on Trade Unions on the rights and responsibilities of trade unions to participate in state management and socio-economic management. When sectors, localities and units, and policies formulate the socio-economic development...
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[...]
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...
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...
Decree on Guidelines for Law on Real Estate Trading of Vietnam 2015
This Decree deals with a number of Articles and Clauses of the Law on real estate trading and applies to organizations or individuals conducting or involved in real estate trading in Vietnam.
This Decree comes into force from November 1, 2015 and replaces Decree No. 153/2007/ND-CP dated October 15, 2007...
Import of used ships for dismantlement must have at least vnd 50 billion
According to the Decree No. 114/2014/ND-CP dated November 26, 2014 of the Government on subjects eligible and conditions for licensed import and dismantlement of used ships, a used ship imported for dismantlement shall be brought to a ship dismantlement establishment within 30 days after customs formalities are completed and...
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...
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. [...]
Assessment of ship designs
In accordance with the Circular No. 40/2016/TT-BGTVT dated December 07, 2016 of the Ministry of Transport on registration of Vietnam sea-going ships, the ship design must comply with relevant national technical regulations on classification and construction of ships, tonnage measurement, ship safety equipment, lifting gear used on board, and...
