Legal updated

AN PERSON AGED 6 ALLOWED TO USE DEBIT CARDS

13/08/2016 - FINANCE - BANKING

This is the new content prescribed at the Circular No. 19/2016/TT-NHNN on bank card operation and takes effect on August 15, 2016.

INCREASE WITHDRAWAL LIMIT EACH AN ATM OF BELOW 3 MILLION VND FOR INTER-BANK TRANSACTIONS

13/08/2016 - FINANCE - BANKING

This important content is prescribed at the Circular No. 20/2016/TT-NHNN issued by the State Bank of Vietnam on June 30, 2016 on amending a number of Articles of the Circular 36/2012/TT-NHNN on the installation, manageme...

BANKS MUST REGULATIONS ON DISCOUNT OF NEGOTIABLE INSTRUMENTS AND OTHER VALUABLE PAPERS

13/08/2016 - FINANCE - BANKING

On June 30, 2016, the State Bank of Vietnam issued the Circular 21/2016/TT-NHNN on amending a number of Articles of the Circular No. 04/2013/TT-NHNN dated March 1, 2013 of the State Bank of Vietnam providing the discount...

NEW REGULATIONS ON THE PURCHASE OF CORPORATE BONDS

13/08/2016 - FINANCE - BANKING

The Circular No. 22/2016/T-NHNN dated June 30, 2016 of the State Bank of Vietnam on the purchase of corporate bonds by credit institutions and branches of foreign banks with many important contents.

FOOD BUSINESS FACILITIES OWNERS SHALL OBTAIN CERTIFICATE OF FOOD SAFETY

06/08/2016 - MEDICAL – HEALTH

Food business facilities owners or salespersons shall obtain the certificate of food safety and satisfy health requirements is the requirements for investment in food business facilities stipulated in Decree No. 66/2016/...

CONSTRUCTION REQUIREMENTS OF JUDICIAL EXPERTISE IN CONSTRUCTION

06/08/2016 - FINANCE - BANKING

On July 01, 2016, the Government issued Decree No. 62/2016/ND-CP on regulations on requirements of judicial expertise in construction and construction experiments, applies to organizations, individuals at home and abroad...

SAFE INVESTMENT RATIO OF PROPRIETARY TRADER THAT IS COMMERCIAL BANKS IS 7%

06/08/2016 - FINANCE - BANKING

This content is regulated in Circular No. 10/2016/TT-NHNN dated June 29, 2016 of the State Bank of Vietnam guiding a certain contents of the Decree No. 135/2015/ND-CP dated December 31, 2015 of the Government on prescrib...

FOREIGN EXCHANGE AGENTS AREN’T ALLOWED TO EXCHANGE FOREIGN CURRENCY FOR OTHER FOREIGN CURRENCIES

06/08/2016 - FINANCE - BANKING

As in former regulations, foreign exchange agents are not allowed to exchange foreign currency cash for Vietnam dong, then in accordance with this Circular, foreign exchange agents are not allowed to exchange foreign cur...

ENTERPRISES RUNNING DEBT PURCHASE AND SALE SERVICE MUST HAVE AT LEAST VND 100 BILLION OF CHARTER CAPITAL

06/08/2016 - FINANCE - BANKING

According to Decree No. 69/2016/ND-CP dated July 01, 2016 of the Government on requirements for running debt trading service, the minimum charter capital or investment capital of providers of debt trading brokerage servi...

IMPOSE A FINE OF VND 5 MILLION FOR IMPORT OF PESTICIDES BANNED FROM USE

29/07/2016 - ADMINISTRATIVE

This is the content prescribed at the Decree No. 31/2016/ND-CP of the Government on penalties for administrative violations against regulations on plant varieties, plant protection and quarantine.

PROHIBIT SELLING A DRUG AT A PRICE HIGHER THAN ITS DECLARED OR POSTED PRICE

29/07/2016 - MEDICAL – HEALTH

From January 01, 2017, to prohibit to sell a drug at a price higher than its declared or posted price; Manufacturing, preparing or selling traditional drugs combined with pharmaceutical ingredients without permission of...

NOTIFY STUDENTS’ PARENTS OR GUARDIANS OF THEIR CHILD’S HEALTH PERIODICALLY

29/07/2016 - MEDICAL – HEALTH

At the Joint Circular No. 13/2016/TTLT-BYT-BGDDT dated May 12, 2016 on regulations on healthcare activities in schools, notify students’ parents or guardians of their child’s health at least once an academic year or wher...

AUDITS OF PROJECTS FINANCED BY THE GOVERNMENT’S ON-LENDING OF FOREIGN BORROWED FUNDS

29/07/2016 - FINANCE - BANKING

Takes effect on July 20, 2016, the Circular No. 79/2016/TT-BTC dated June 06, 2016 of the Ministry of Finance guiding the implementation of the financial audits of programs or projects financed by the Government’s on-len...

EXEMPT IMPORT TAX WITHIN 05 YEARS FOR RAW MATERIALS OR COMPONENTS WHICH MUST BE IMPORTED

29/07/2016 - TAX – FEE - CHARGE

Circular No. 83/2016/TT-BTC issued by the Ministry of Finance on June 17, 2016 guiding the implementation of the investment incentive programs under the provisions of the Law on Investment and the Decree No. 118/2015/ND-...

FOOD SAFETY SUPERVISION WITH MEAT, VEGETABLES, FRUITS SOLD AT MARKET

19/07/2016 - AGRICULTURE – FOREST

On June 01, 2016, the Ministry of Agriculture and Rural development issued Circular No. 08/2016/TT-BNNPTNT on food safety supervision of agro-aqua-forestry products including: Cereals; Meat, products made of meat; Fisher...