Legal updated

APPLY TEMPORARY SAFEGUARD TAX RATE APPLICABLE TO STEEL BLANKS FROM MARCH 22

17/05/2016 - TAX – FEE - CHARGE

From March 22, 2016, Temporary safeguard measures shall apply to the import of steel blanks and long steels from different countries/territories into Vietnam with contents is the important content prescribed at the Decis...

TO ACHIEVE THE COMMERCIAL COAL YIELD OF FROM 0.5-1.0 MILLION TONS BY THE YEAR 2030

05/05/2016 - FINANCE - BANKING

To develop Vietnam’s coal industry into a competitive industry applying technological advances to coal exploration, mining, and preparation, processing and trading, on March 14, 2016, the Prime Minister signed the Decisi...

TO SUPPLEMENT DIVISION OF ELECTRICITY PRICE IN TWO COMPONENTS: OUTPUT PRICE AND ELECTRICAL ENERGY PRICE

05/05/2016 - FINANCE - BANKING

On March 18, 2016, the Prime Minister signed the Decision No. 428/QD-TTg dated March 18, 2016 of the Prime Minister on approving revisions to the national power development plan from 2011 to 2020 with visions extended to...

INDUSTRY CHANGE CONDITIONS ON GAS EXPORT AND IMPORT

05/05/2016 - FINANCE - BANKING

On March 22, 2016, the Government issued the Decree No. 19/2016/ND-CP on gas business, within that, the most important content is the regulations that every gas importer and exporter must own/ jointly own or enter an agr...

THE TOTAL EXTENSION TIME OF ASSET MANAGEMENT COMPANY‘S SPECIAL BONDS IS NO LONGER THAN 10 YEARS

05/05/2016 - FINANCE - BANKING

This is the new contents prescribed at the Decision No. 18/2015/ND-CP dated March 18, 2016 of the Government amending, supplementing a number of articles of the Decree No. 53/2013/ND-CP dated May 18, 2013 of the Governme...

DEDUCT VAT OF GOODS AND SERVICES USED FOR THE SEARCH, EXPLORATION AND DEVELOPMENT OF OILFIELD

05/05/2016 - TAX – FEE - CHARGE

The input VAT of goods and services used for the search, exploration and development of oilfield to the first date of extraction or the first date of production shall be totally deducted is the content prescribed at the...

TO SUPPLEMENT PAYROLL IN HEALTH, EDUCATION AND TRAINING

26/04/2016 - ECONOMIC – SOCIAL POLICIES

At the Resolution No. 01/NQ-CP dated January 07, 2016 on major tasks and solutions for directing and administering the implementation of the 2016 socio-economic development plan and state budget estimates, the Government...

A CREDIT INSTITUTIONS ONLY TAKES DIRECT FOREIGN CURRENCY RECEIPT AND PAYMENT ACTIVITIES OF ECONOMIC ORGANIZATIONS

26/04/2016 - INVESTMENT

This is one of the most principles prescribed at the Circular No. 34/2015/TT-NHNN dated December 31, 2015 of the State Bank of Vietnam guiding the provision of foreign currency receipt and payment services.

INTEREST RATE OF THE DEVELOPMENT FUND OF SMES

26/04/2016 - FINANCE - BANKING

The Ministry of Finance has just issued the Circular No. 37/2016/TT-BTC dated February 29, 2016 prescribing interest rate of the Development Fund of small-and medium sized enterprises.

ADJUSTMENT ON CLASSIFICATION OF PUBLIC INVESTMENT PROGRAMS AND PROJECTS

26/04/2016 - INVESTMENT

In accordance with the Decree No. 136/2015/ND-CP dated December 31, 2015 of the Government guiding the implementation of a number of articles of the Law on Public Investment, the first adjustment of the criterion of tota...

ACCOUNTING DOCUMENTS WRITTEN MUST BE TRANSLATED INTO VIETNAMESE LANGUAGE

26/04/2016 - ENTERPRISE

This is the content prescribed at the Circular No. 53/2016/TT-BTC dated March 21, 2016 of the Ministry of Finance on amending and supplementing a number of articles of the Circular No. 200/2014/TT-BTC dated December 22,...

FROM 2018, SUPPORT AT LEAST 10% FOR VOLUNTARY SOCIAL INSURANCE PARTICIPANTS

19/04/2016 - INFORMATION - COMMUNICATIONS

From January 01, 2018, voluntary social insurance participants are entitled to the State’s support of premiums in percentage (%) of monthly social insurance premiums based on the poverty line in rural areas as follows: 3...

ENCOURAGE PRIVATE INVESTMENT AND PUBLIC-PRIVATE PARTNERSHIP

19/04/2016 - ECONOMIC – SOCIAL POLICIES

The Prime Minister has signed the Decision No. 40/QD-TTg dated January 07, 2016 approving the Overall Strategy for international integration through 2020, with a vision toward 2030. International integration through 2030...

INDIVIDUALS MAY ONLY MAKE OFFSHORE INDIRECT INVESTMENT IN THE FORM OF BONUS PROVISION OF STOCKS

19/04/2016 - INVESTMENT

Under the Decree No. 135/2015/ND-CP dated December 31, 2015 of the Government prescribing offshore indirect investment, individual investors who have the Vietnamese citizenship may only make offshore indirect investment...

APPLYING PREFERENTIAL IMPORT TARIFF FOR IMPORTS FROM KOREA

19/04/2016 - TAX – FEE - CHARGE

On December 16, 2015, the Ministry issued the Circular No. 201/2015/TT-BTC promulgating Vietnam’s Special Preferential Import Tariff for implementation of the Vietnam-Republic of Korea Free Trade Agreement during 2015-20...