Decision 56/2012/QD-TTg on regulation to handle public debt risk For the interest rate or exchange rate risks in public debt, the competent authority is allowed to set aside reserve to handle according to regulations. This has been regulated by the Prime Minister in Decision 56/2012/QD-TTg on the management regulations and handling risks of public debt portfolio. Regardless liquidity … Read More
Circular 33/2012/TT-NHNN on reducing short-term lending interest rates From December 24th 2012, the maximum short-term lending interest rates for credit institutions is at 12% / year, for the people’s credit fund and micro-finance institutions at 13%. The above rates will apply to loans to serve agriculture and rural development, service production of small and medium-sized … Read More
Dossiers of application for permission to build house in rural area must have drawings of foundations, the main stand and the project on a scale from 1/50 to 1/500. For private house in urban area, additional drawings of the floor, the facade and the main section of the house on a scale from 1/50 to … Read More
The Decree clearly stated that Vietnamese children of less than 5-year-old will not be accepted in foreign education program in Vietnam. In addition, the Decree also points out five types of educational institutions invested by foreign investor that can be established Vietnam being: i) training institution, ii) short-term training institution, iii) preschool educational institutions (kindergarten, … Read More
Decision 2646/QD-NHNN on reducing operating interest rates State Bank of Vietnam (SBV) has announced to reduce 1% operating intertest rate. Since December 24th, the refinancing rate felt from 10% / year to 9% / year; re-discounted rate decreased from 8% / year to 7% / year. Interest rate for overnight loans in the inter-bank online … Read More
Profit from lending activities of organizations and individuals which are not credit institutions will not have to pay VAT. That is the guidance of the Ministry of Finance in Dispatch 17164/BTC-TCT issued on December 11th 2012. Accordingly, the Ministry has identified the above lending activities are credit services. This service is one of the subjects that … Read More
In 2013, the import duty of 0% will be applied for paddy and rice, tobacco leaves and stems originating from Laos. This content is specified in Circular 37/2012/TT-BCT of the Ministry of Industry and Trade. Accordingly, import quota for rice and paddy is 70,000 tonnes of rice conversion (conversion rate: 2 paddy = 1.2 rice), leaves and … Read More
On December 14th 2012, the Prime Minister approved the project to improve the capacity of the State management on Land management in the period 2011 – 2020 in Decision 1892/QD-TTg. Accordingly, the specific objectives of the project include a number of points: – Develop and improve legal systems and policies, continue to reform and simplify … Read More
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
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
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