Decree 05/2013/ND-CP of the Government on new regulations on business registration

Decree 05/2013/ND-CP of the Government on new regulations on business registration According to the Decree 05/2013/ND-CP, businesses have to post the business registration on the portal of the National Business Registration portal and pay the fee. According to the previous rules, businesses can freely choose to disclose information in written or electronic media. In addition, for joint-stock company, … Read More

Circular 32/2012/TT-NHNN on reducing interest rate on deposits

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

Circular 33/2012/TT-NHNN on reducing short-term lending interest rates

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

Circular 10/2012/TT-BXD guiding application for permission to build private house

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

Decree 73/2012/ND-CP of the Government on cooperation, investment of foreign countries in education sector

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

Dispatch 17164/BTC-TCT on taxation the loan interest

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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