SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
Read the guideThe material evidences which are gold, silver, precious stones will be auctioned
The material evidences which are gold, silver, precious stones will be auctioned The material evidences which are gold, silver, precious stones will be transferred to the Auction Centre or the Auction Council to hold an auction within 10 days from the date of confiscation decisions. This is detailed guidance on the handling of material evidences …
News in Export and Import Tariff 2013
On November 15th 2012, the Ministry of Finance issued new export and import tariffs applied in 2013. In particular, there are some changes as follows: Export tax rate of the crude ore (aluminum, nickel, cobalt, tin, precious metals…) increased from 20% to 30%. Sugar in heading 1701.12, 1701.13, 1701.14 have import tax rate increased from …
No stock exchange in cash
The securities company must complete the transformation of cash transactions with customers into the form of transaction in bank account within 1 year from January 15th 2013. Securities companies have the right to request customers to open trading accounts at commercial banks to serve the purpose of trading with the company. Besides that, the securities …
Free road use fee for the poor
Motorcycles of poor households will be exempt from road use fee as prescribed in Circular 197/2012/TT-BTC guiding Decree 18/2012/ND-CP. In addition, vehicles used for public purposes such as ambulances, fire… also free of charge. Owners, using means of transportation other than the above cases are required to pay fees from January 1st 2013, except for …
Procedures for certification of qualified food safety
Application for certification eligibility food safety need to have confirmation of training in food safety, certification of full satisfaction of all health facilities and people who directly produce, written explanation of the basis material and equipment that meet the requirements of food safety… The above documents must be bound in one volume with application and …
Revised Anti-Corruption Law 2012
On November 23rd 2012, the National Assembly passed the Law on Anti-Corruption amended in 2012, thereby correcting some limitations of the old Law by forcing to public such information as: For procurement and construction: must public the list of projects specified bidding and reason; Category and reason of the limit bid project, bidders lists, results …
Selection of the minimum wage level
One-member limited liability Company owned by the State is permitted to apply the minimum wage level which is higher than the general minimum wage. However, in order to apply those provisions, enterprise must satisfy the following conditions: Pay according to the state budget; profit for the year shall not be less than last year; increase …
Rectify the gold safekeeping services
Customers must pay a fee for gold safekeeping service and will not receive any interest, income, fees or other amounts. The credit institutions will strictly follow those contents when providing keeping gold services. It is one of the main requirements of the State Bank of Vietnam (SBV) to regulate the activity of gold safekeeping of …
Mineral mine closure procedures
Time of the evaluation and approval of mineral mine closure plan will not exceed 60 working days from the date of receiving complete and valid dossiers. In particular, the time for record checking is no more than 5 business days from the date of organization, individuals requesting for closure. Composition of the record comprising: an …
New procedure for stock offering
From January 3rd 2013, stock offering registration records must include the financial report preceding the year of registration. This financial report must be profitable to match with the conditions of the public offering of stock. At the same time there must be commitment that stock will be traded on organized stock market in a year …