Month: December 2012

Circular 223/2012/TT-BTC on the collection, remittance, management and use of fees and charges in using pesticides The highest charge is 300,000 VND / time to issue these types of licenses: licenses for import of pesticide and pesticide materials, certificate for officially registered pesticides, certificate for registration of additional pesticides. Pesticide testing fee for narrow area … Read More

Circular 32/2012/TT-NHNN on reducing interest rate on deposits From December 24th 2012, credit institutions and branches of foreign banks continue to reduce interest rates on deposits in Vietnam dong of organizations and individuals, in particular: Maximum interest rates applicable to deposits with term of 1 month to 12 months is reduced to 8% (formerly 9%). … Read More

Decision 56/2012/QD-TTg on regulation to handle public debt risk For the interest rate or exchange rate risks in public debt, the competent authority is allowed to set aside reserve to handle according to regulations. This has been regulated by the Prime Minister in Decision 56/2012/QD-TTg on the management regulations and handling risks of public debt portfolio. Regardless liquidity … Read More

Circular 33/2012/TT-NHNN on reducing short-term lending interest rates From December 24th 2012, the maximum short-term lending interest rates for credit institutions is at 12% / year, for the people’s credit fund and micro-finance institutions at 13%. The above rates will apply to loans to serve agriculture and rural development, service production of small and medium-sized … Read More

Dossiers of application for permission to build house in rural area must have drawings of foundations, the main stand and the project on a scale from 1/50 to 1/500. For private house in urban area, additional drawings of the floor, the facade and the main section of the house on a scale from 1/50 to … Read More

Decision 2646/QD-NHNN on reducing operating interest rates State Bank of Vietnam (SBV) has announced to reduce 1% operating intertest rate. Since December 24th, the refinancing rate felt from 10% / year to 9% / year; re-discounted rate decreased from 8% / year to 7% / year. Interest rate for overnight loans in the inter-bank online … Read More

Profit from lending activities of organizations and individuals which are not credit institutions will not have to pay VAT. That is the guidance of the Ministry of Finance in Dispatch 17164/BTC-TCT issued on December 11th 2012. Accordingly, the Ministry has identified the above lending activities are credit services. This service is one of the subjects that … Read More

In 2013, the import duty of 0% will be applied for paddy and rice, tobacco leaves and stems originating from Laos. This content is specified in Circular 37/2012/TT-BCT of the Ministry of Industry and Trade. Accordingly, import quota for rice and paddy is 70,000 tonnes of rice conversion (conversion rate: 2 paddy = 1.2 rice), leaves and … Read More