Update

Decision 16/2013/QD-TTg of the State Bank of Vietnam on the buying and selling of gold on the domestic market The State Bank of Vietnam (SBV) will buy and sell gold in one of two forms: direct buying/selling or bidding. The Governor will decide on the plan to buy or sell gold in each case in … 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

Decision 05/2013/QD-TTg of the Prime Minister on the conditions for granting the certificate for oversea study counseling service registration An oversea study counseling service organization has to deposit a minimum of 500 million VND in commercial bank and to ensure the adequate financial resources. On the other hand, the head of the oversea study counseling service … Read More

Official Letter 181/TCT-CS to dated January 15th 2013 of the Genreral Department of Taxation on the implementation of the Law on Special Consumption Tax Accordingly, from January 1st 2013, the tax rate for alcohol from more than 20 degrees and beer is of 50% (formerly 45%). Tax Departments will propagate to the enterprises trading the above items … Read More

Decision 03/2013/QD-TTg on delaying the time required for labeling equipments Household electrical appliances such as fluorescent tube, electric cooker, electric fans will be delayed the time for energy labeling to 6 months, starting on July 1st 2013. The above point in time is also applies to the group of industrial equipments including electric motors, three-phase distribution … Read More

Circular 19/2012/TT-BVHTTDL of the Ministry of Culture, Sport and Tourism on 9 types of artifacts and antiques that are not allowed to carry abroad From February 15th 2013, the literary manuscript which was awarded the Ho Chi Minh award and the State awards are not allowed to carry abroad. In addition, the original artistic works and … Read More

Official Letter 539/TCHQ-QLRR on the instructions to use 10 types of export and import code To apply the code of managing imported and exported goods in Decision 02/TCHQ-QD, dated January 22nd 2013, the General Department of Customs has issued Official Letter 539/TCHQ-QLRR to give instruction. Some guidances in the Official Letter are as follows: Import of exported goods that have been … Read More

Circular 13/2013/TT-BTC dated January 25th of the Ministry of Finance on monitoring securities trading on the stock market Accordingly, the contents of monitoring agencies that have responsibilities as well as obligations to provide information of the objects being monitored have been clearly specified and added quite a lot compared to the previous regulations. Stock Exchanges will … Read More