SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
Read the guideReduce coal export tax to 10%
Coal, briquettes, ovoids and similar solid fuels manufactured from coal in heading 27.01 are applied with the export tax reduction from 20% to 10%. These above contents are regulated by the Ministry of Finance in Circular 169/2012/TT-BTC on October 11th 2012 amending a part of Circular 157/2011/TT-BTC ‘s content . Other types of coal such as lignite (27.02), …
Renewal of the application for label control
From January 1st 2013, Form 01 of Circular 05/2012/TT-BVHTTDL will no longer be used, ending six months of 15 days exists. Since this date, applications for control labels for sound recordings, video recordings of music will be applied with the Form 07 of Decree 79/2012/ND-CP. Some other forms are also changed: applications for license to bring Vietnamese candidates …
Clarify the concept of state-owned enterprises
ANT Lawyers, Nov 23rd, 2012 Decree 99/2012/ND-CP regulating the distributed, decentralized implementation of the rights, responsibilities and obligations of the state owners of the State owned enterprises (SOE) has just been issued by the Prime Minister to clarify the concept of SOE. Accordingly, SOE is an enterprise in which the State holds more than 50% of …
National Assembly passed six important laws
National Assembly passed six important laws ANT Lawyers, Nov 23rd, 2012 The Standing Committee of the National Assembly undertook revision of Clause 1, Article 3 of the Draft Law as follows: “Cooperatives are the collective economic organizations with co-ownership and have legal status, established by at least seven members whom voluntarily provide assistance and cooperation …
Business registration revision
1. Consulting the content change of business registration as required by specific businesses: – Consulting changed its name; – Consultancy head office address; – Advisory change registration number, Fax, Email, Website; – Consultancy on business, including: add or withdraw, modify lines; – Consultancy on legal representatives of business and title of legal representative; – Advice …
Settlement of tax exemption and reduction
In the case of exemption or reduction in the personal income tax on transfer of housing, land use rights in Vietnam rely on the basis of the declarations by the real estate transfer people self-assessment and self-responsible for the truthfulness of the statement. This case will not apply to the process of tax exemption or …
Issue ten “environmental protection” forms
From December 3rd 2012, 10 forms in the environmental testing activities will be formally applied. These forms issued in Circular 61/2012/TT-BCA-C41 of the Ministry of Public Security. Accordingly, the environmental testing activities have to use the form in accordance with the form and content issued in this Circular. Several forms may be cited as: sample of …
The new policies going into effect from November 2012
Since the first half of November 2012, a series of policies and new regulations will officially take effect. As follows: 1. From November 1st 2012, when the Circular 147/2012/TT-BTC takes effect, people who had been sanctioned by the State Securities Commission of Vietnam will also be considered for certification of the securities practices certificate. Time limit for …
Fee to operate trade promotion representative office.
From January 1st 2013, the foreign trade promotion organizations in Vietnam when licensed to establish a representative office in Vietnam will have to pay fee. This content is mentioned in Circular 187/2012/TT-BTC about the collection, payment and management of the licensing fee to establish representative offices of foreign trade promotion organizations in Vietnam. Renewal fee: 3,000,000 …
Active form of Commercial Arbitration
To ensure the management issues for commercial arbitration, the Ministry of Justice has issued the form on the operation of commercial arbitration. Form guides are defined in Circular 12/2012/TT-BTP of the Ministry of Justice. Circular refers to 29 forms to apply as: the Charter of the arbitration center; form proposed for the establishment of the arbitration …