Circular 16/2013/TT-BTC of the Ministry of Finance on the conditions to enjoy tax preferential policies In 2013, other criteria for small and medium enterprises will be applied in order to enjoy tax preferential policies in accordance with Resolution 02/NQ-CP. Accordingly, small and medium enterprises have to meet two criteria on labor (less than 200 employees) and yearly … Read More
Circular 227/2012/TT-BTC of the Ministry of Finance guiding the establishment, operation and management of the securities investment company The portfolio structure of the public securities investment companies must comply with the provisions of the charter of the securities investment company and is restricted by such conditions below: – Not to invest more than 15% of the … Read More
Circular 05/2013/TT-BTC dated January 9th 2013 of the Ministry of Finance guiding the financial regime for credit institutions and foreign bank branches The Circular guiding some specific costs which are charged to expenses as business operation expenses, tax expenses, assets, expenses for staffs, expenses for management activities, public services, risk reserve fund and others. Accordingly, the … Read More
To further add to our previous Vietnam legal update, the new Decree will take effect from February 25th 2013 which it regulates that business registration agency will consider granting business registration certificate for business lines that are not included in the economic system, and have not yet been regulated in the laws of Vietnam. … Read More
The law as per Circular 44/2012/TT-BCT of the Ministry of Industrial and Trade is tightening the transportation of hazardous chemicals in Vietnam. The list of hazardous chemicals that need special packaging and shipping are regulated to more than 200 types, four times higher than before. The circular also updates the new standards on the packaging of this … Read More
Circular 65/2012/TT-BNNPTNT on the plant quarantine exporting procedures This circular is issued by the Ministry of Agriculture and Rural Development giving guidance on the procedures for plant quarantine for export. The owner of objects subject to quarantine procedures or authorized person must register with the phytosanitary quarantine agency at least 24 hours prior to export. Registration … Read More
Official Letter 327/LDTBXH-VL on the policy to support business when hiring employees The provincial people’s committees will support the business when hiring employees losing their jobs in the enterprises that employers have fled. In addition, employees of the above cases can also borrow money from the National Fund if there is demand. Official Letter also request People’s … Read More
Directive 01/CT-NHNN dated January 31st 2013 of the State Bank of Vietnam on limiting the establishment and expansion of the bank To ensure the safe and effective banking operation in 2013, the State Bank of Vietnam instructed to closely manage the establishment and expansion of the bank’s network. Accordingly, only banks that are capable of … Read More
Official Letter 481/BHXH-CSXH dated January 29th 2013 of the Vietnam Social Insurance guiding the implementation of social insurance policy Accordingly, the Vietnam Social Insurance Agency provide guidance on the timing of employee pension by the time stated in the decision to quit job. In the case that the decision to quit job does not record the time … Read More
Official Letter 889/VPCP-KGVX dated January 28th 2013 of the Government Office on ceasing the circulation of petrol RON 83 In the near future, unleaded petrol RON 83 circulation will be ceased to avoid poor quality gasoline blending into other types of gasoline, affecting the benefits of consumers. The deadline and process to suspend the import and export, … Read More
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