Legal updated

ASSESS THE COMPLIANCE WITH THE TAX LAW

23/03/2016 - TAX – FEE - CHARGE

On December 21, 2015, the Ministry of Finance issued the Circular No. 204/2015/TT-BTC providing for application of risk management in tax management including tax registration, declaration, payment, tax debt and enforcem...

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GUIDES ON DECLARATION OF VALUE-ADDED TAX AND INCENTIVES FOR PROJECTS MANUFACTURING SUPPORTING INDUSTRY PRODUCTS

23/03/2016 - TAX – FEE - CHARGE

On February 05, 2016, the Ministry of Finance issued the Circular No. 21/2016/TT-BTC guiding on declaration of value added tax and priorities of enterprise income tax as stipulated under the Decree No. 111/2015/ND-CP dat...

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REGULATIONS ON QUESTIONING AT THE NATIONAL ASSEMBLY’S SESSIONS

26/02/2016 - ADMINISTRATIVE

On November 20, 2015, the National Assembly passed the Law on Oversight Activities of the National Assembly and People’s Councils No. 87/2015/QH13; within that, the most important content is the Questioning and considera...

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PROHIBIT DECLARING FALSE INFORMATION, DISTORTING STATISTICAL DATA AND INFORMATION

26/02/2016 - ADMINISTRATIVE

One of the most important content prescribed at the Law on Statistics No. 89/2015/QH13 passed by the National Assembly on November 23, 2015 is the regulations on prohibited acts in state statistical activities and use of...

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COMMERCIAL INFORMATION MAY NOT BE SENT TO ELECTRONIC ADDRESSES OF RECIPIENTS WHEN THE LATTER HAS NOT YET CONSENTED

26/02/2016 - INFORMATION - COMMUNICATIONS

Commercial information may not be sent to electronic addresses (means an address used to send and receive information in cyberspace, including email address, telephone number, internet address and other similar forms) of...

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THE MINIMUM INSURANCE SUM IS VND 100 MILLION/ WORKERS/CASE

26/02/2016 - CONSTRUCTION

In accordance with the Decree No. 119/2015/ND-CP dated November 13, 2015 of the Government prescribing compulsory insurance in construction investment activities, for insurance for workers on construction sites: The mini...

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TO ISSUE ACCOUNTING CERTIFICATES TO REPLACE THE ACCOUNTING PRACTITIONER CERTIFICATES

26/02/2016 - ACCOUNTING - AUDIT

In accordance with the Law on Accounting No. 88/2015/QH13 passed by the National Assembly on November 20, 2015, from 2017, to issue the accounting certificates to replace the accounting practitioner certificates. The acc...

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IN 2016, THE GROSS DOMESTIC PRODUCT (GDP) WILL GROW AT AROUND 6.7%

22/02/2016 - ECONOMIC – SOCIAL POLICIES

Some major targets in 2016 are needed to be achieved by the National Assembly at the Resolution No. 98/2015/QH13, passed on November 10, 2015 on 2016 Socio-economic development plan.

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PROVIDING FOR THE LICENSING RELATED TO CONSTRUCTION ACTIVITIES IN PROTECTION OF RAILWAY WORKS

22/02/2016 - TRANSPORT

On December 11, 2015, the Ministry of Transport issued the Circular No. 80/2015/TT-BGTVT dated December 11, 2015 of the Ministry of Transport providing for the licensing related to construction activities in protection o...

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FROM MAY, 2016, INCREASE OF 5% OF BASIC PAYS FOR CADRES, OFFICIALS AND CIVIL SERVANTS

22/02/2016 - FINANCE - BANKING

At the Resolution No. 99/2015/QH13 passed by on November 11, 2015 on State budget estimates in 2016, the National Assembly agreed that since May 01, 2016, adjustments shall be made from current VND 1,150,000 to VND 1,210...

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GUIDANCE ON TRANSFER OF STATE CAPITAL IN THE STATE ENTERPRISE

22/02/2016 - FINANCE - BANKING

On December 31, 2015, the Ministry of Finance issued the Circular No. 219/2015/TT-BTC guiding a number of contents of the Decree No. 91/2015/ND-CP dated October 13, 2015 on investment of state capital in enterprises and...

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THE LIST OF 398 MACHINERY, EQUIPMENT, REPLACEMENT PARTS MANUFACTURABLE DOMESTICALLY

22/02/2016 - INVESTMENT

The Ministry of Planning and Investment issued the Circular No. 14/2015/TT-BKHDT dated November 17, 2015 of the Ministry of Planning and Investment on promulgating the lists of machinery, equipment, replacement parts, sp...

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TO EXEMPT FROM MANDATORY LABELING FOR GENETICALLY MODIFIED FOODS TEMPORARILY IMPORTED, PLACED IN TRANSIT

29/01/2016 - MEDICAL – HEALTH

On November 23, 2015, the Ministry of Agriculture and Rural Development, the Ministry of Science and Technology issued the Joint Circular No. 45/2015/TTLT-BNNPTNT-BKHCN on labeling of pre-packed genetically-modified food...

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BLOCK THE INSPECTED ENTITY’S ACCOUNT IF IT IS SUSPECTED TO HIDE THE PROPERTY

29/01/2016 - FINANCE - BANKING

In accordance with the Joint Circular No. 07/2015/TTLT-TTCP-NHNN dated November 25, 2015 by the Government Inspectorate and the State Bank of Vietnam guiding the account blockade of inspected entities; only if the inspec...

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OPERATION DURATION OF A NON-BANK CREDIT INSTITUTION IS NO MORE THAN 50 YEARS AT THE MAXIMUM

29/01/2016 - FINANCE - BANKING

On December 25, 2015, the State Bank of Vietnam issued the Circular No. 30/2015/TT-NHNN on regulations on issuing the licenses, organization and operation of non-bank credit institutions; within that, the most important...

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