On November 20th, the National Assembly passed the Law on Cooperatives 2012. One of the interesting new points which is foreigners legally residing in Vietnam now can become a member of the cooperative. Accordingly, the Government shall stipulate the conditions and procedures for becoming a member of the cooperative for Vietnamese legal entities and foreign individuals …
Accordingly, classification of the securities companies in four groups on the basis of the level of risk for the market to take appropriate remedial measures as follows: Group with healthy activities: organizations with liquidity ratio of more than 180%; Group with ordinary activities: liquidity ratio from 150% to 180%; Controlled group: liquidity ratio from 120% …
Only accept letters of guarantee stating the contents commitment to ensure the ability to perform and responsible for paying tax, fines for late payment in place of the taxpayer at the end of the tax payment time limit but the taxpayer has not paid the tax, fully meet the conditions prescribed by the letter of …
From March 26th 2013, service providing organizations: intermediate payments, non-cash payments, users of those service when open and use the account have to involve in a contract. Service fee is still regulated and listed by the organizations, but in the case of unexpected developments, the Reserve Bank of Vietnam will determine this fee. Person aged …
Prisoners who died in their custody or detention, imprisonment without their own fault or a force majeure event will be compensated with the mental damages at 360 months minimum wage. This is one of the contents are specified in detail in The Joint Circular 05/2012/TTLT-VKSNDTC-TANDTC-BCA-BTP-BQP-BTC-BNNPTNN guiding the implementation of the state to compensate in criminal proceedings. This …
Rather than business enterprises, households and individuals are also exempt from import duties when importing unprocessed agricultural products from Cambodia. This new content is defined in Circular 201/2012/TT-BTC guiding the tax policy for unprocessed agricultural products that Vietnam support investment and growing in Cambodia. In addition, the list of exempting goods and code in this case …
Fee for new, renewal the Certificate of registration of branches, representative offices and place of business of enterprise from the date of December 10th 2012 will be 100,000 VND/time, increased 5 times compared to the old regulations which was no more than 20,000 VND/time . It is one of the new content that the Ministry …
ANT Lawyers, Nov 23rd, 2012 Decree 99/2012/ND-CP regulating the distributed, decentralized implementation of the rights, responsibilities and obligations of the state owners of the State owned enterprises (SOE) has just been issued by the Prime Minister to clarify the concept of SOE. Accordingly, SOE is an enterprise in which the State holds more than 50% of …
To ensure the management issues for commercial arbitration, the Ministry of Justice has issued the form on the operation of commercial arbitration. Form guides are defined in Circular 12/2012/TT-BTP of the Ministry of Justice. Circular refers to 29 forms to apply as: the Charter of the arbitration center; form proposed for the establishment of the arbitration …
In September 26th 2012, The Government issued the Decree No. 73/2012/NDD-CP regulating on foreign investment and cooperation in the field of education. Applicable entities are Vietnamese individuals, organizations and foreign individuals, organizations which conduct acts in the field of education under the modes of linked training, establishing foreign-invested educational institutions, setting up representative office of …
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