Legal updated

The value of registration – Industrial Design

07/04/2017 - Article

Design registration makes business sense when it improves the competitiveness of a business and brings in additional revenue in one or more of the following ways:

BY 2025, SERVICE GROWTH OF THE LOGISTICS SECTOR WILL REACH 15 – 20%

25/03/2017 - INDUSTRY

This is one of the objectives of the Prime Minister prescribed at the Decision No. 200/QD-TTg dated February 14, 2017 on approving the action plan for improvement of competitiveness and development of Vietnam’s logistics...

LIST OF POTENTIALLY UNSAFE GOODS AND PRODUCTS:

25/03/2017 - INFORMATION - COMMUNICATIONS

The List of potentially unsafe goods and products under the management of the ministry of information and communications is issued by the Ministry of Information and Communications on December 26, 2016 at the Circular No...

INFORMATION - COMMUNICATIONS: TO PUBLIC THE LIST OF FOCAL INFORMATION TECHNOLOGY PRODUCTS

25/03/2017 - INFORMATION - COMMUNICATIONS

On February 16, 2017, the Ministry of Information and communications issued the Circular No. 01/2017/TT-BTTTT on the List of focal information technology products. The list is intended for the development of the system o...

TIME LIMIT OF AN AUDIT DOES NOT EXCEED 60 DAYS

25/03/2017 - ACCOUNTING - AUDIT

Audit process issued by the State Audit Office of Vietnam on December 23, 2016 is attached with the Decision No. 08/2016/QD-KTNN, prescribing that the audit process comprises 4 steps such as Preparation; Performance; Mak...

MAY IS THE OCCUPATIONAL SAFETY AND HEALTH ACTION MONTH

25/03/2017 - LABOR - SALARY

In accordance with the Circular No. 02/2017/TT-BLDTBXH dated February 20, 2017 of the Ministry of Labor, War Invalids and Social Affairs guiding the guidelines for organization of the occupational safety and health actio...

PROCEDURES FOR FORMULATION, ASSESSMENT AND APPROVAL FOR ELECTRICITY TRANSMISSION PRICE

18/03/2017 - INDUSTRY

On February 10, 2017, the Ministry of Industry and Trade issued the Circular No. 02/2017/TT-BCT prescribing the regulations on methods and procedures for formulation, assessment and approval for electricity transmission...

BELIEF ESTABLISHMENT MUST BE REGISTERED AT LEAST 30 DAYS BEFORE STARTING BELIEF ACTIVITIES

18/03/2017 - SECURITIES

Takes effect on January 01, 2018, the Law on belief and religion No. 02/2016/QH14 passed by the National Assembly on November 18, 2016, emphasizes that the State shall respect and protect the right to freedom of belief a...

ACCOUNTING DOCUMENTS TO BE RETAINED FOR AT LEAST 10 YEARS

18/03/2017 - ACCOUNTING - AUDIT

This is the content prescribed at the Decree No. 174/2016/ND-CP dated December 30, 2016 of the Government on detailing a number of articles of the Law on Accounting, takes effect on January 01, 2017.

INCREASE THE DEPOSIT IN THE AUCTION TO 20%

18/03/2017 - FINANCE - BANKING

Takes effect on July 01, 2017, the Law on property auction No. 01/2016/QH14 of the National Assembly prescribing that bidders must deposit 5% - 20% reserve price of the auctioned property instead of 1%-5% as in previous...

LIST OF 80 EQUIPMENTS SUBJECTED TO OCCUPATIONAL HYGIENE AND SAFETY REQUIREMENTS

18/03/2017 - LABOR - SALARY

On December 28, 2016, the Ministry of Labor, War Invalids and Social Affairs issues the Circular No. 53/2016/TT-BLDTBXH issuing the list of machinery, equipment and materials subjected to occupational hygiene and safety...

The value of registration - Trademark

06/03/2017 - Article

It is true that unregistered marks are also protected as marks. So, registration of a mark is not essential for its use as a trademark, especially in a common law country. In addition to, or in the absence of, common law...

MAINTENANCE, REPAIRS OF ELECTRICITY TRANSMISSION SYSTEM

25/02/2017 - INDUSTRY

The Ministry of Industry and Trade issued the Circular No. 25/2016/TT-BCT dated November 30, 2016 on regulations on electricity transmission system, the electricity system and market operator shall be responsible for for...

ANNUAL PUBLIC DEBTS DO NOT EXCEED 65% GDP IN THE 2016 – 2020 PERIOD

25/02/2017 - FINANCE - BANKING

At the Resolution No. 25/2016/QH14 on National 5-year financial plan in 2016 – 2020 period, the National Assembly requires ministries and agencies to gradually manage the budget according to the results of the implementa...

BANKS MUST MAINTAIN THE MINIMUM CAPITAL ADEQUACY RATIO OF 8%

25/02/2017 - FINANCE - BANKING

Takes effect on January 01, 2020, the Circular No. 41/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam prescribing prudential ratios for operations of banks and/or foreign bank branches.