ANT Lawyers – The State Bank of Vietnam officially delayed the application date of Circular 02/2013/TT-NHNN. This Circular will serve as general guidance for banking related issues like classifications on assets, levels and methods of provisions, and risk handling. Furthermore, this Circular will outline conditions for enterprises such that they have better access to bank …
ANT Lawyers – a new Tax regulation in Vietnam has been issued by the Ministry of Finance. In particular, to ensure stable prices for petro products import, the Ministry of Finance instituted a new import tax adjustment in its recent Circular 70/2013/TT-BTC. After three consecutive increases in import tax rates (12% up to 19%), the …
ANT Lawyers – On May 16th, 2013, a new regulations on e-commerce in Vietnam has been issued by the Government. The new Decree No. 52/2013/ND-CP lists specific groups of e-commerce activities that are prohibited in Vietnam. The Decree also explains the differences between e-commerce websites and e-commerce service provision websites. These new provisions are applicable …
ANT Lawyers is a law firm in Vietnam with offices in Hanoi and Ho Chi Minh City. We are part of an international networks of law firm, Prae Legal covering 5 continents. ANT Lawyers have received a number of international interns from various law schools being including Vietnam Law Firm Receiving Interns from Virginia School …
ANT Lawyers – On April 23rd 2013, the Social Security of Vietnam issued Document 1477/BHXH-CSXH which provides new guidelines for the 6-month maternity entitlement under the provisions of the new Labor Code of Vietnam. This document specifies cases where female employees are entitled to 6 months of maternity health insurance and the local requirements to implement …
ANT Lawyers – May 29th, 2013. A new series of decrees detail the implementation process of the Labor Code and the Law on Trade Unions 2012. Decrees 43, 45 and 46 concern several different aspects of numerous articles in the Labor Code and the Law on Trade Unions. Decree No. 43/2013/ND-CP relates to Article 10 of …
The Vietnam Ministry of Finance has recently provide further clarifications on the international trade regulations in Vietnam in regard to temporary import – export. In particular, Circular 59/2013/TT-BTC, issued by the Ministry of Finance, defines the procedure for goods that are temporarily imported then consequently exported to another country through the northern border. Along with …
The update regulations on Vietnam Fisheries Law that regulate the procedures of licensing offshore fishing has been issued. According to Circular 25/2013/TT-BNNPTNT, organizations or individuals who intend to fish with fishing vessels in offshore water have to make an application with following documents to be completed by the captain and chief engineer : – An …
Decree No. 41/2013/ND-CP details the implementation of Article 220 of the Vietnamese Labor Code, which concerns specific categories of laborers who are prohibited from going on strike. These categories include employees working in areas related to national security, defense, health or the public order and in fields where a strike could have a devastating affect …
From March 26th 2013, the maximum interest rate applicable to deposits with a term of one month to 12 months is 7.5%/year. The 12-month interest rate on deposits will be set by the banks on the basis of supply and demand in capital market. In addition, short-term interest rate was reduced to 11%/year; particularly for …
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