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Foreign Securities companies in Vietnam could register for two transaction codes: the first code is the financial code and the other is for brokerage account. Those are content in Decision 47/QD-VSD, issued on March 13th 2013. The record to register, change, cancel the transaction code will be done in accordance with Circular 213/2012/TT-BTC dated December … Read More

On Apr 8th, 2013, the Government issued Decree No. 30/2013/ND-CP on business air transport and general aviation operations to replace Decree 76/2007/ND-CP dated May 9th, 2007. The new Decree regulates on conditions and procedures for granting business permits for air transport, general business aviation license for commercial purpose, registration certificate of general aviation operation for … Read More

ANT Lawyers – Apr 17th, 2013 – The new revised Vietnam Labor Code that takes full effect as from May 1st, 2013 (“Labour Code”) brings in some improvements for the employees in Vietnam. The Labor Code aims to improve labor conditions in Vietnam which especially strengthens the rights of female employees on maternity subjects according … Read More

On March 29, 2013, The Ministry of Health issued in the Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on conditions for drug business.  In the circular, the “technology document” for applicants applying for a license in the drugs business will be the Good Practice Certificate.  Applicants should submit the application … Read More

Under the new regulation, the time limit for the adoption of father, mother and children with foreign elements will be shortened from 45 days to 25 days from the date of receiving complete documents and fees. The cases where minor children adopted by the father (or mother) that mother (or father) of that children is … Read More

The newly issued Decree 24/2013/ND-CP has a number of adjustments in the marriage procedure that has foreign elements in Vietnam as follows: For marriage dossier: – Remove the provisions on the requirement of notarization and legalization of household registration and identity proof. – Add some cases that must supplement the dossier: divorced in foreign country, Vietnamese resident … Read More

The promotional activities to attract investment have been increasingly paid attention. Specifically, the Ministry of Finance has just issued Circular 31/2013/TT-BTC specifying the financial support for this activities. Accordingly, the state budget will support 100% of the funding for investment environment promotional activities such as: – Promoting the policies and guidelines about investment in Vietnam on the domestic … Read More

On April 4th, the Ministry of Finance issued Circular 38/2013/TT-BTC adjusting the import tax rate for some commodities as follows: Unpacked synthetic filament yarn (for retail) from elastomeric type (code 5402.44.00) and high carbon steel wire coated copper alloy used for inflatable pneumatic rubber tire (code 7217.30.31) will have tax rate of 3%. Regardless the elastic polystyrene … Read More

Organization providing electronic tax service (T-VAN) is responsible for transferring the electronic tax record to the electronic portal of the tax authorities at least 2 hours/time since received electronic tax record from the taxpayer. At the same time, organization providing T-VAN service is responsible for the case that the tax record of the taxpayer transferred … Read More

The Ministry of Finance has announced 37 new auditing standards in Circular 214/2012/TT-BTC, these standards will be applied from January 1st 2014. Some auditing standards may be cited as: Standard No. 210 – Audit contract, Standard No. 230 – Audit documents and records, Standard No. 300 – Planning for the audited financial statements, Standard No. 500 – … Read More