FROM NOVEMBER 23, FEE PAID FOR SINGLE-ENTRY VISA IS REDUCED TO USD 25
This is one of the significant contents regulated under the Circular No. 157/2015/TT-BTC dated October 08, 2015 promulgating on collection, payment, and management of fees for issuance of passports, visas, documents for entry, exit, transit, and residence in Vietnam.
Accordingly, from November 23, 2015, fee paid for single-entry visa is...
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...
CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
The Circular prescribing that for customers being residents, factoring unit shall consider and decide on factoring when customers being legal status that has legal personality of...
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...
VAT refund for goods of foreigners
On May 30, 2014, the Ministry of Finance issued the Circular No. 72/2014/TT-BTC on the VAT refund for goods of foreigners, overseas Vietnamese’s goods (hereinafter referred to as foreigners) brought with when exit[...]
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...
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...
Must having payment of deposits for scraps import
This is the content of the Law No.55/2014/QH13 on Environmental Protection passed by the National Assembly on June 23, 2014.[...]
Temporary import of animal feeds for re-expor is exempted from quality inspection
December 24, 2014, the Ministry of Agriculture and Rural Development issued the Circular No. 50/2014/TT-BNNPTNT amending and supplementing a number of articles of the Circular No. 66/2011/TT-BNNPTNT dated October 10, 2011 of the Ministry of Agriculture and Rural Development detailing a number of articles of Decree No.08/2010/ND-CP dated 05/02/2010...
GOODS TEMPORARILY IMPORTED FOR SALE AT DUTY FREE SHOPS ARE EXEMPT FROM IMPORT DUTY AND VAT
The Government issued Decree No. 167/2016/ND-CP on December 27, 2016 on duty free business, prescribed that persons on exit or in transit, passengers onboard international flights from Vietnam or persons awaiting exit may purchase duty-free goods without limits in quantity and value but shall take responsibility for procedures and...
