Circular 41/2012/TT-BCT on mineral export restrictions Enterprises satisfying the conditions specified in Circular 41/2012/TT-BCT of the Ministry of Industry and Trade issued on December 24th 2012 will be allowed to export minerals. Accordingly, the first condition for enterprises to be able to export minerals is that, the minerals subject to export must be listed in in the … Read More
Circular 37/2012/TT-NHNN: More objects are allowed to borrow foreign currency Enterprises importing gasoline (assigned by the Ministry of Industry and Trade) that have need for loans in foreign currency to pay debts to foreign countries will be considered for short-term lending in foreign currency till December 31st, 2013. The above are specified in Circular 37/2012/TT-NHNN of the … Read More
Circular 223/2012/TT-BTC on the collection, remittance, management and use of fees and charges in using pesticides The highest charge is 300,000 VND / time to issue these types of licenses: licenses for import of pesticide and pesticide materials, certificate for officially registered pesticides, certificate for registration of additional pesticides. Pesticide testing fee for narrow area … Read More
Circular 32/2012/TT-NHNN on reducing interest rate on deposits From December 24th 2012, credit institutions and branches of foreign banks continue to reduce interest rates on deposits in Vietnam dong of organizations and individuals, in particular: Maximum interest rates applicable to deposits with term of 1 month to 12 months is reduced to 8% (formerly 9%). … Read More
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
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