On March 29, 2013, The Ministry of Health issued in the Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on conditions for drug business. In the circular, the “technology document” for applicants applying for a license in the drugs business will be the Good Practice Certificate. Applicants should submit the application … Read More
Under the new regulation, the time limit for the adoption of father, mother and children with foreign elements will be shortened from 45 days to 25 days from the date of receiving complete documents and fees. The cases where minor children adopted by the father (or mother) that mother (or father) of that children is … Read More
The newly issued Decree 24/2013/ND-CP has a number of adjustments in the marriage procedure that has foreign elements in Vietnam as follows: For marriage dossier: – Remove the provisions on the requirement of notarization and legalization of household registration and identity proof. – Add some cases that must supplement the dossier: divorced in foreign country, Vietnamese resident … Read More
The promotional activities to attract investment have been increasingly paid attention. Specifically, the Ministry of Finance has just issued Circular 31/2013/TT-BTC specifying the financial support for this activities. Accordingly, the state budget will support 100% of the funding for investment environment promotional activities such as: – Promoting the policies and guidelines about investment in Vietnam on the domestic … Read More
On April 4th, the Ministry of Finance issued Circular 38/2013/TT-BTC adjusting the import tax rate for some commodities as follows: Unpacked synthetic filament yarn (for retail) from elastomeric type (code 5402.44.00) and high carbon steel wire coated copper alloy used for inflatable pneumatic rubber tire (code 7217.30.31) will have tax rate of 3%. Regardless the elastic polystyrene … Read More
Organization providing electronic tax service (T-VAN) is responsible for transferring the electronic tax record to the electronic portal of the tax authorities at least 2 hours/time since received electronic tax record from the taxpayer. At the same time, organization providing T-VAN service is responsible for the case that the tax record of the taxpayer transferred … Read More
The Ministry of Finance has announced 37 new auditing standards in Circular 214/2012/TT-BTC, these standards will be applied from January 1st 2014. Some auditing standards may be cited as: Standard No. 210 – Audit contract, Standard No. 230 – Audit documents and records, Standard No. 300 – Planning for the audited financial statements, Standard No. 500 – … Read More
In order to provide audit service, service provider has to follow the business registration procedures. The dossier requesting for the certificate of eligibility to conduct audit service must have all the following documents: – An application for certification; – List of auditors practicing with labor contract; – A copy of the certificate of registration to … Read More
From March 26th 2013, the maximum interest rate applicable to deposits with a term of one month to 12 months is 7.5%/year. The 12-month interest rate on deposits will be set by the banks on the basis of supply and demand in capital market. In addition, short-term interest rate was reduced to 11%/year; particularly for … Read More
Current Vietnam law on Social Insurance regulates conditions entitled to labor accidents for workers that compulsorily participate in social insurance in cases: – Accident at work and during working hours, including during breaks, mid-shift meal, preparation time and finish the job. – Accident at work or outside working hours when working as requested by the … Read More
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