Amend article 170 of Vietnam law on enterprises

ANT Lawyers commercial practice counseling service advise clients on the corporate matters in Vietnam.  Our corporate lawyers in Vietnam follow with the changes of Vietnam corporate laws to give clients the best service. The Vietnam laws on enterprises have some developments with article 170 of Law on enterprises adjusted.  National Assembly session 13 has formally … Read More

Decision 563/QD-NHNN on buying and selling gold with the State Bank

One key point to be noted in the Decision 563/QD-NHNN issued by the State Bank of Vietnam (SBV) is that: The trading of gold will be stopped if before announcing the result, the gold price fluctuates over the price in the approved plan. The exchange office will notify the participating traders to stop trading. Additionally, a number … Read More

Nghị định Về đăng ký doanh nghiệp

  CHÍNH PHỦ _______ Số: 43/2010/NĐ-CP CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM Độc lập – Tự do – Hạnh phúc _______________________________________ Hà Nội, ngày 15 tháng 4  năm  2010 Nghị định Về đăng ký doanh nghiệp _________ CHÍNH PHỦ Căn cứ Luật Tổ chức Chính phủ ngày 25 tháng 12 năm 2001; Căn … Read More

The region-based minimum wages will be increased from January 1st 2013

On December 4th 2012, the Government has issued Decree No. 103/2012/NĐ-CP regulating on the new region-based minimum wages that will be applicable for labors who are working for enterprises, co-operatives and foreign organizations. Accordingly, the new region-based minimum wages will be increased in 2013 as following: Region The current region-based minimum wages (According to Decree No. … Read More

New fees issuing the certificate for representative office of the foreign trade promotion organizations in Vietnam

According to the Article 02 of the Circular No. 187/2012/TT-BTC issued by the Ministry of Finance on November 07th 2012, The fees for establishment of representative offices of the foreign trade promotion organizations in Vietnam will increase compared with current rates as follows: a) Newly granting: 3,000,000 VND / license; b) Re-granting, amending and supplementing, … Read More

Conditions for mineral exploration

Each technical workers must have a separate supervisors, this supervisors must satisfy the conditions in terms of time depending on the qualification and nature of mineral exploration… Follow the direction of the Government, Ministry of Natural Resources and Environment has issued Circular 17/2012/TT-BTNMT guide the Article 35 of the Mineral Law about conditions for mineral exploration practice. … Read More

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 … Read More

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 … Read More

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 … Read More

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 … Read More

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