SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
Read the guideCircular 216/2012/TT-BTC on determination of rubber plantation land rent
Circular 216/2012/TT-BTC on determination of rubber plantation land rent Land price as a basis for calculating rubber plantation rent is perennial crop prices and is determined based on the net income from rubber plantation depending on each province. The annual land rent is calculated by multiplying land price with the percentage rate. The percentage (%) is decided …
Circular 35/2012/TT-NHNN on ATM card service fee
As of March 1st 2013, the fee for each ATM transferring transaction is from 0 to 15,000 VND / transaction. Besides, the card issuing fee is 0 – 100,000 VND / card, the annual fee is 0 – 60,000 VND / card / year. The account inquiry transaction fee, statement or records of account queries printing, …
Circular 41/2012/TT-BCT on mineral export restrictions
Circular 41/2012/TT-BCT on mineral export restrictions Enterprises satisfying the conditions specified in Circular 41/2012/TT-BCT of the Ministry of Industry and Trade issued on December 24th 2012 will be allowed to export minerals. Accordingly, the first condition for enterprises to be able to export minerals is that, the minerals subject to export must be listed in in the …
Circular 37/2012/TT-NHNN: more objects are allowed to lend foreign currency
Circular 37/2012/TT-NHNN: More objects are allowed to borrow foreign currency Enterprises importing gasoline (assigned by the Ministry of Industry and Trade) that have need for loans in foreign currency to pay debts to foreign countries will be considered for short-term lending in foreign currency till December 31st, 2013. The above are specified in Circular 37/2012/TT-NHNN of the …
Circular 223/2012/TT-BTC on the collection, remittance, management and use of fees and charges in using pesticides
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 …
Circular 32/2012/TT-NHNN on reducing interest rate on deposits
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%). …
Decision 56/2012/QD-TTg on regulation to handle public debt risk
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 …
Circular 15/2012/TT-BVHTTDL on the procedure for issuing copyrights assessors card
How to register a copyright in Vietnam? Circular 15/2012/TT-BVHTTDL on the procedure for issuing copyrights assessors card The submission requests for the assessor’s card could be sent via post mail or at the office of the Department of Copyright – Ministry of Culture, Sports and Tourism. Dossiers includes: – The required declaration form – Copy of …
Circular 33/2012/TT-NHNN on reducing short-term lending interest rates
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 …
Circular 10/2012/TT-BXD guiding application for permission to build private house
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 …