Legal updated

TO ANNUL THE REGULATIONS ON PAYING WAGE WITHIN WORKING MONTH FOR EMPLOYEES

29/01/2016 - LABOR - SALARY

On November 16, 2015, the Ministry of Labor, War Invalids and Social issued the Circular No. 47/2015/TT-BLDTBXH guiding the labor contracts, labor disciplines and material responsibilities prescribed in the Decree No. 05...

APPLICATION OF INFORMATION TECHNOLOGY IN IMPORT AND EXPORT TAX ACCOUNTING

29/01/2016 - TAX – FEE - CHARGE

On November 10, 2015, the Ministry of Finance issued the Circular No. 174/2015/TT-BTC guiding the accounting operations of tax and other revenues for imported and exported goods.

FROM 2016, ONLY QUALIFIED PERSON ALLOWED TO PERFORM CIVIL STATUS WORK

17/01/2016 - JUSTICE

Takes effect on January 01, 2016, the Decree No. 123/2015/ND-CP dated November 15, 2015 of the Government detailing a number of articles of, and measures to implement, the Law on Civil Status, emphasizes that competent p...

MATERNITY REGIME FOR FEMALE EMPLOYEES BEING SURROGATE MOTHERS AND INTENDED MOTHERS

17/01/2016 - INDUSTRY

On November 11, 2015, the Government issued the Decree No. 115/2015/ND-CP detailing a number of articles of the Law on Social Insurance regarding compulsory social insurance.

THE DEPOSIT FOR INVESTMENT PROJECT IS FROM 1% - 3%

17/01/2016 - INVESTMENT

In accordance with the Decree No. 118/2015/ND-CP dated November 12, 2015 of the Government guiding a number of Articles of the Law on Investment, takes effect on December 27, 2015, the investor must pay a deposit when re...

INVEST OVER VND 190.000 BILLION ON NEW COUNTRYSIDE BUILDING

17/01/2016 - INVESTMENT

On November 12, 2015, the National Assembly passed the Resolution No. 100/2015/QH13 approving the investment policy for national target programs during 2016-2020; including National target program on new countryside buil...

TOTAL OF EXTRA WORKING HOURS OF SEASONAL LABORER SHALL NOT EXCEED 300 HOURS

17/01/2016 - LABOR - SALARY

Total of extra working hours in a year of each laborer shall not exceed 300 hours is the important content prescribed at the Circular No. 54/2015/TT-BLDTBXH dated December 16, 2015 of the Ministry of Labor, War Invalids...

SMALL- AND MEDIUM-SIZED ENTERPRISES MAY BORROW UP TO 70 % OF INVESTMENT CAPITAL

08/01/2016 - ECONOMIC – SOCIAL POLICIES

Many new policies are prescribed at the Decree No. 111/2015/ND-CP dated November 03, 2015 of the Government on development of supporting industries - means industries that manufacture materials, details, components and s...

ENTERPRISES ARE ALLOWED TO MANUFACTURE AND/OR TRADE GOODS EXPORTED THROUGH VIETNAM’S BORDER CHECKPOINTS

08/01/2016 - TAX – FEE - CHARGE

This is the important content prescribed at the Circular No. 24/2015/TT-NHNN dated December 18, 2015 of the State Bank of Vietnam on foreign currency loans granted to residents by credit institutions and branches of fore...

MAXIMUM LEVEL FOR LEASING AND PURCHASING SOCIAL HOUSES SHALL BE 80% OF THE CONTRACT

08/01/2016 - FINANCE - BANKING

Maximum level of purchase, lease or lease purchase of social houses shall be 80% of the contract for purchase, lease, and lease purchase of houses and for borrowers applying for loans to construct social houses for lease...

THE MAXIMUM LOAN LEVEL FOR A PROJECT TO BUILD SOCIAL HOUSES MUST EQUAL UP TO 80%

08/01/2016 - LAND – HOUSING

This is the important content prescribed at the Decree No. 100/2015/ND-CP issued by the Government dated October 20, 2015 on social housing development and management.

RENOVATION OR RECONSTRUCTION OF CONDOMINIUMS HALL BE CONDUCTED UNDER PROJECTS

08/01/2016 - LAND – HOUSING

The renovation or reconstruction of condominiums shall be conducted under projects; reconstruction of individual condominiums (except independent ones) is prohibited to meet the requirements is the important contents pre...

FINE FROM VND 3,000,000 – 5,000,000 FOR DEPOSIT FOR THE RIGHT TO PARTICIPATE IN THE MULTI-LEVEL MARKETING NETWORK

31/12/2015 - ADMINISTRATIVE

A fine from VND 3,000,000 – 5,000,000 to persons involved in multi-level marketing who require others to pay a certain amount of money, a deposit or buy a certain quantity of goods in any form for the right to participat...

THE OWNERS OF HOUSES OR HAVING LESS THAN 3 FLOORS MAY CREATE THE DESIGN HIMSELF/HERSELF

31/12/2015 - CONSTRUCTION

Takes effect on January 01, 2016, the Circular No. 05/2015/TT-BXD dated October 30, 2015 of the Ministry of Construction providing for the management of construction quality and maintenance of detached houses. Regarding...

DIGITAL CERTIFICATES SHOULD NOT BE OVER 05 YEARS

31/12/2015 - FINANCE - BANKING

This is the important content prescribed at the Circular No. 28/2015/TT-NHNN dated December 18, 2015 of the State Bank of Vietnam stimulating on the management, use of digital signature, digital certificates and digital...