Foreign Traders wishing to terminate the operation of representative office in Vietnam need to complete the procedure at Tax authorities, the Provincial Department of Industry and Trade and the procedure to return the seal at the police. Pursuant to the provisions of the Vietnam laws, the termination of operation of representative offices of foreign traders … Read More
Investment projects in Vietnam could be evaluated and approved for business setting up at top level of the government, at ministerial levels or at the provincial levels. The licensing authorities for business setting up in Vietnam has been divided to distribute workloads at different state agencies with aim to speed up the process and attract more quality investment projects in Vietnam. In … Read More
In addition to the cosmetics advertising on mass media such as television, radio, electronic portals (Internet, Website), books, newspapers, magazines, flyers, posters, underwater objects or other means of advertising, the cosmetics business can make or sponsor, authorize other entities to carry out workshop activities to introduce cosmetic products. The cosmetic businesses are only allowed to … Read More
Decision 02/QD-VSD dated January 8th 2013 of the Vietnam Securities Depository on the recovery of the certificate for securities depository member: When recovering the certificate for securities depository member, the Vietnam Securities Depository will stop providing services related to the registration, clearing, custody, except for the following cases: – Client requests for the transfer of … Read More
Circular 33/2012/TT-BLDTBXH on the severance package when state owned enterprises (SOE) carry out equitization Employees upon termination of the contract by the equitized SOE will be provided severance allowance, specified in Circular 33/2012/TT-BLDTBXH. Accordingly, to enjoy the severance allowance, employees must meet the conditions of the labor contract, competent to contract. The duration calculated for allowance is … Read More
Documents, Procedures for the trasfer of business locations Based on Paragraph 2, Article 11, Circular 80/2012/TT-BTC dated May 22, 2012: Dossiers, procedures for the transfer of business locations are as follows: I) In case of transfer of business locations in the same provice: 1) In case of not transfer the Management Tax Department a) With … Read More
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 … Read More
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 … Read More
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 … Read More
Accordingly, classification of the securities companies in four groups on the basis of the level of risk for the market to take appropriate remedial measures as follows: Group with healthy activities: organizations with liquidity ratio of more than 180%; Group with ordinary activities: liquidity ratio from 150% to 180%; Controlled group: liquidity ratio from 120% … Read More
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