Circular 06/2013/TT-BTC of the Ministry of Finance guiding the financial regimes for the microfinance institutions

September 24, 2024September 24, 2013 by Tuan Nguyen

Circular 06/2013/TT-BTC of the Ministry of Finance guiding the financial regimes for the microfinance institutions All damages, losses of property or capital of microfinance institutions must be clarified in terms of responsibilities and sanctions. For real estate temporary holding for sale or transfer to return on capital debt settlement, microfinance institutions will not accounting to increase …

Amend article 170 of Vietnam law on enterprises

April 8, 2019September 10, 2013 by Tuan Nguyen

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 …

Laws regulating the imported scrap in Vietnam

April 8, 2019August 19, 2013 by Tuan Nguyen

ANT Lawyers – the laws promulgating imported scrap in Vietnam has been clarified with the newly issuance regulations. Circular 01/2013/TT-BTNMT of the Ministry of Natural Resource and Environment clarifies the list of imported scrap, which is effective from April 1st 2013 replacing the list issued with Decision 12/2006/QD-BTNMT. Accordingly, the list of imported scrap will be added …

Bank laws Vietnam: Foreign investors to participate in bank restructuring

February 24, 2026August 14, 2013 by Tuan Nguyen

ANT Lawyers – To support foreign resources in the process of restructuring the system of credit institutions in Vietnam, the Government has encouraged foreign organizations and individuals to cooperate with the bank of Vietnam to accumulate capital by buying shares or by merging with the weak bank in Vietnam in accordance with the law. Decree …

Investment Restrictions of State – owned Enterprises in Vietnam

April 24, 2024July 25, 2013 by Tuan Nguyen

The new law of Vietnam has been promulgated that restrict the investment of state-owned enterprise in its non-core business areas. According to Decree 71/2013/ND-CP dated July 11th, 2013, state-owned enterprises are not allowed to make capital contribution or investment in real estate sector (excluding the business with business line in the real estate sector), in …

Income tax for foreigners working in Vietnam

April 24, 2024July 25, 2013 by Tuan Nguyen

A foreign individual is determined to have the tax resident in Vietnam if it meets one of the following conditions: Have been in Vietnam for 183 days or more in one calendar year or within 12 consecutive months, counted from the first day in Vietnam. The number of days stayed in Vietnam is based on the …

New guidance on Vietnam corporate law for listed company

April 24, 2024June 15, 2013 by Tuan Nguyen

ANT Lawyers – A new law provides guidance on Vietnam corporate laws for consolidated or merged companies listed on Vietnam Stock exchange has been issued by Vietnam Ministry of Finance. The recently issued Circular 73/2013/TT-BTC specifically provides guidance on the conditions and procedures for listing shares of a company after consolidation or merger. The circular references a …

Decision 47/QD-VSD: Foreign Securities Company will be provided two transaction codes

April 25, 2024April 25, 2013 by Tuan Nguyen

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 …

Decree No. 30/2013/ND-CP on aviation business and operations

April 25, 2024April 25, 2013 by Tuan Nguyen

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 …

Maternity provisions of the new Labor Code need clearer guidelines

April 25, 2024April 24, 2013 by Tuan Nguyen

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 …

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