Legal advice & case studies.

Circular 05/2013/TT-BCT of the Ministry of Industry and Trade regulating the temporary import for re-export

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 Circular 05/2013/TT-BCT of the Ministry of Industry and Trade regulating the temporary import for re-export Recently, the Ministry of Industry and Trade issued Circular 05/2013/TT-BCT regulating the temporary import for re-export activities, which has a number of adjustments to the list of permitted goods to temporary import for re-export. For frozen food, it is allowed to temporary import … Read More

Circular 16/2013/TT-BTC on the conditions to enjoy tax preferential policies

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Circular 16/2013/TT-BTC of the Ministry of Finance on the conditions to enjoy tax preferential policies In 2013, other criteria for small and medium enterprises will be applied in order to enjoy tax preferential policies in accordance with Resolution 02/NQ-CP. Accordingly, small and medium enterprises have to meet two criteria on labor (less than 200 employees) and yearly … Read More

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Circular 227/2012/TT-BTC of the Ministry of Finance guiding the establishment, operation and management of the securities investment company The portfolio structure of the public securities investment companies must comply with the provisions of the charter of the securities investment company and is restricted by such conditions below: – Not to invest more than 15% of the … Read More

Circular 05/2013/TT-BTC dated January 9th 2013 guiding the financial regime for credit institutions and foreign bank branches

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Circular 05/2013/TT-BTC dated January 9th 2013 of the Ministry of Finance guiding the financial regime for credit institutions and foreign bank branches The Circular guiding some specific costs which are charged to expenses as business operation expenses, tax expenses, assets, expenses for staffs, expenses for management activities, public services, risk reserve fund and others. Accordingly, the … Read More

Decree 05/2013/ND-CP on the business registration

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To further add to our previous Vietnam legal update, the new Decree will take effect from February 25th 2013 which it regulates that business registration agency will consider granting business registration certificate for business lines that are not included in the economic system, and have not yet been regulated in the laws of Vietnam.   … Read More

Vietnam Tightening the Transportation of Hazardous Chemicals

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The law as per Circular 44/2012/TT-BCT of the Ministry of Industrial and Trade is tightening the transportation of hazardous chemicals in Vietnam. The list of hazardous chemicals that need special packaging and shipping are regulated to more than 200 types, four times higher than before. The circular also updates the new standards on the packaging of this … Read More

Circular 65/2012/TT-BNNPTNT on the plant quarantine exporting procedures

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Circular 65/2012/TT-BNNPTNT on the plant quarantine exporting procedures This circular is issued by the Ministry of Agriculture and Rural Development giving guidance on the procedures for plant quarantine for export.  The owner of objects subject to quarantine procedures or authorized person must register with the phytosanitary quarantine agency at least 24 hours prior to export. Registration … Read More

Official Letter 327/LDTBXH-VL on the policy to support business when hiring employees

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Official Letter 327/LDTBXH-VL on the policy to support business when hiring employees The provincial people’s committees will support the business when hiring employees losing their jobs in the enterprises that employers have fled. In addition, employees of the above cases can also borrow money from the National Fund if there is demand. Official Letter also request People’s … Read More

Directive 01/CT-NHNN dated January 31st 2013 of the State Bank of Vietnam on limiting the establishment and expansion of the bank

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Directive 01/CT-NHNN dated January 31st 2013 of the State Bank of Vietnam on limiting the establishment and expansion of the bank To ensure the safe and effective banking operation in 2013, the State Bank of Vietnam instructed to closely manage the establishment and expansion of the bank’s network. Accordingly, only banks that are capable of … Read More

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