From 2018, to execute certain building information models (BIM) pilot projects

The Building Information Models (BIM) for facility building and operating management activities approved by the Prime Minister on December 22, 2016 at the Decision No. 2500/QD-TTg. Accordingly, .with the objectives that through application of BIM, strive to achieve the objective of saving at least 30% of convertible general expenses for...

ADJUSTMENTS ON COMPULSORY RESERVES APPLICABLE TO CREDIT INSTITUTIONS

On December 04, 2015, the State Bank of Vietnam issued the Circular No. 23/2015/TT-NHNN dated December 04, 2015 of the State Bank amending, supplementing a number of articles of the Decree No. 581/2003/QD-NHNN dated June 09, 2003 of the State Bank Governor promulgating the regulation on compulsory reserves applicable...

Exempt from import duty for machinery imported or temporarily imported for re-export to serve ODA

On December 03, 2013, the Ministry of Finance issued the Circular No. 181/2013/TT-BTC guiding the implementation of tax policies and incentives for programs and projects funded with official development assistance (ODA) capital or concessional loans provided by donors[...]

Petrol and oil temporarily imported for re-export may be retained in Vietnam within maxium 180 days

On October 9, 2013, the Ministry of Finance promulgated Circular No. 139/2013/TT-BTC, on customs procedures for petrol and oil exported[...]
Legal-Updates

Not destroy the invoice with incorrect buyer’s name and address

In accordance with the Circular No.  26/2015/TT-BTC dated February 27, 2015 of the Ministry of Finance guiding the value-added tax and tax administration in Decree No. 12/2015/ND-CP on guidelines for the Law on amendments to Laws, Decrees on taxations, and amendments to Circular No. 39/2014/TT-BTC on invoices for goods...
sale and hire-purchase of future-acquired houses

Guarantees for sale and hire-purchase of future-acquired houses

On June 25, 2015, the State Bank of Vietnam issued the Circular No. 07/2015/TT-NHNN stipulating the bank guarantee, within that guarantees for sale and hire-purchase of future-acquired houses is the most important contents. In particular, when giving a bank guarantee to the owner of real estate projects developed for the...

Management and use of seals

The Decree No. 99/2016/ND-CP on management and use of seals is issued by the Government on July 01, 2016, provides  for  the  management and  use  of  seal  of  state bodies, people’s armed forces and bodies of the organizational system of Communist Party of Vietnam, Vietnam Fatherland Front, social –...

BANNED FROM MOTORBIKE DRIVING WITH THE VISION LESS THAN 4/10

This is a part of the Joint-Circular No. 24/2015/TTLT-BYT-BGTVT dated August 21, 2015 of the Ministry of Health and the Ministry of Transport on the Regulations on health standards for drivers, medical facilities for checking up driver’s health. Specifically, health standards for the driver driving vehicles of category A1 are...
legal updates lawyer24.net

MAXIMUM CHARGE RATES FOR MOTORCYCLES IS VND 150.000/YEAR

In accordance with the Circular No. 133/2014/TT-BTC dated September 11, 2014 of the Ministry of Finance guiding the collection, payment, management and use of road user charges for vehicles, from November 01, 2014, Under this Circular, the charge rate for bus is VND 180,000/month/bus, similarly cars for carrying people, with...
Legal-and-Regulatory1

subjects allowed to exit and entry the land border gater

On November 21, 2014, the Government issued the Decree No. 112/2014/ND-CP providing the management of land border gates and replaces the Government’s Decree No.32/2005/ND-CP of Marcy 14, 2005, on the Regulation on Land Border Gates; within that supplement the principles on the subjects allowed to exit and entry the...