Legal updated

TO FINE VND 40 MILLION FOR SELLING SIM CARDS WITH FUNCTION TO ACTIVATE SIM CARDS WITHOUT

06/06/2017 - ADMINISTRATIVE

This is the important content prescribing at the Decree No. 49/2017/ND-CP on amending the Article 15 of the Government’s Decree No. 25/2011/ND-CP elaborating and guiding the implementation of the law on telecommunication...

PROVINCIAL PEOPLE’S COMMITTEE’S HAVING NO ON-LENT CAPITAL MORE THAN 180 DAYS OVERDUE CAN ACCESS TO ON-LENT CAPITAL

06/06/2017 - FINANCE - BANKING

On April 28, 2017, the Government issued the Government No. 52/2017/ND-CP dated April 28, 2017 of the Government on on-lending of the Government’s foreign borrowed capital to People’s Committees of centrally-affiliated c...

CASES ON APPRAISAL OF THE RESERVE PRICE OF NONPERFORMING LOANS

06/06/2017 - FINANCE - BANKING

On May 16, 2017, the Government issued the Decree No. 61/2017/ND-CP stipulating on appraisal of the reserve price of nonperforming loans, collateral of nonperforming loans and establishment of the Council for auction of...

CONDITIONS FOR FACTORING ACTIVITY

06/06/2017 - FINANCE - BANKING

On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.

FROM JULY 01, 2017, THE STATUTORY PAY RATE IS VND 1,300,000 PER MONTH

06/06/2017 - LABOR - SALARY

This is the important content prescribed at the Decree No. 47/2017/ND-CP dated April 04, 2017 of the Government prescribing the statutory pay rate for public officials, public employees and armed forces’ personnel.

TO ESTABLISH THE DIRECTORATE OF NATURAL DISASTER PREVENTION AND CONTROL

25/05/2017 - CONSTRUCTION

This is the content prescribed at the Decree No. 15/2017/ND-CP of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Agriculture and Rural Development and takes effect on...

CHANGING THE ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF INFORMATION AND COMMUNICATIONS

25/05/2017 - ORGANIZATIONAL STRUCTURE

In accordance with the Decree No. 17/2017/ND-CP dated February 17, 2017 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Information and Communications, from Februar...

COMMERCIAL MEDIATORS MUST HAVE UNIVERSITY OR HIGHER DEGREE

25/05/2017 - COMMERCE

Takes effect on April 15, 2017, the Decree No. 22/2017/ND-CP dated February 24, 2017 of the Government on commercial mediation prescribing that a commercial mediator must possess a university or higher degree and having...

GUIDING THE DETERMINATION AND MANAGEMENT OF CONSTRUCTION SURVEY COSTS

25/05/2017 - CONSTRUCTION

In accordance with the Circular No. 01/2017/TT-BXD dated February 06, 2017 guiding the determination and management of construction survey costs, project owners shall assume the prime responsibility for ensuring quality...

REGULATIONS ON GOOD LABELS

25/05/2017 - EXPORT – IMPORT

Takes effect on June 01, 2017, the Decree No. 43/2017/ND-CP dated April 04, 2017 of the Government on good labels, prescribing that manufacturers and traders of goods in Vietnam; importers of goods must present good labe...

FROM 2020, MOTORCYCLES WHICH THE TO MANDATORY ENERGY LABELING

14/05/2017 - INDUSTRY

This is the important content prescribed at the Decision No. 04/2017/QD-TTg dated March 09, 2017 of the Prime Minister on the List of equipment and appliances to which the mandatory energy labeling and minimum energy eff...

PREFERENTIAL POLICIES APPLICABLE TO INDIVIDUALS ENGAGING IN EMERGENCY EVENTS AND SAR

14/05/2017 - SECURITIES

In accordance with the Decree No. 30/2017/ND-CP dated March 21, 2017 of the Government on regulations on response to emergency, acts of god and search and rescue. The preferential policies shall apply to participants in...

GUIDING THE DETERMINATION OF COSTS OF MAINTENANCE OF CONSTRUCTION WORKS

14/05/2017 - CONSTRUCTION

On March 16, 2017, the Ministry of Construction issued the Circular No. 03/2017/TT-BXD guiding the determination of costs of maintenance of construction works; applicable to owners or manager, users of construction works...

THE INVESTOR IS ALLOWED TO DIRECTLY MANAGE CONSTRUCTION PROJECTS WITH LESS THAN VND 15 BILLION

14/05/2017 - INVESTMENT

Takes effect on June 01, 2017, the Decree No. 42/2017/ND-CP dated April 05, 2017 of the Government on amendments to the Government's Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction investment p...

EMPLOYERS MUST CONTRIBUTE 0.5% OF THE SALARY FUND TO THE OCCUPATION ACCIDENT AND DISEASE INSURANCE FUND

14/05/2017 - LABOR - SALARY

Takes effect on June 01, 2017, the Decree No. 44/2017/ND-CP dated April 14, 2017 of the Government on the rate of contribution to the occupational accident and disease insurance fund.