Legal updated

FINE UP TO VND 30 MILLION WILL BE APPLIED FOR FORGING ACCOUNTING DOCUMENTS

22/11/2013 - ADMINISTRATIVE

Decree No. 105/2013/ND-CP dated September 16, 2013 of the Government on penalizing administrative violations in accounting and independent audit.

TO ADD FURTHER INFORMATION INTO HEALTH INSURANCE CARD

22/11/2013 - INDUSTRY

According to Decision No. 1055/QD-BHXH dated October 2, 2013 of the Vietnam Social Insurance on promulgating form of health insurance card, from January 1, 2014, information is added to Health Insurance Card for customer...

MUST APPLY MEASURES TO IDENTIFY CLIENTS OPENING ACCOUNTS FOR THE FIRST TIME

22/11/2013 - FINANCE - BANKING

On October 4, 2013, the Government issued the Decree No. 116/2013/ND-CP detailing a number of Articles of the Law on prevention and combat of money laundering. One of the most significant points under this Decree is the...

MAXIMUM DEPOSIT OF VIETNAMESE LABORERS ABROAD IS USD 3,000

22/11/2013 - LABOR - SALARY

Circular No. 21/2013/TT-BLDTBXH dated October 10, 2013 of the Ministry of Labour, Invalids and Social Affairs regulating the ceiling level of USD 3,000 deposit and labour markets in which service enterprises permitted ma...

TO REMOVE “FULL NAME OF FATHER, MOTHER” IN THE BACK SIDE OF THE PEOPLE’S IDENTITY CARD

08/11/2013 - JUSTICE

On September 17, 2013, the Government issued Decree No. 106/2013/ND-CP on amending and supplementing a number of articles in the Decree No. 05/1999/ND-CP dated February 3, 1999 of the Government on People’s identity card...

TO EXTEND THE DURATION OF PRIORITY REGIME FOR THE FIRST TIME TO ENTERPRISES

08/11/2013 - EXPORT – IMPORT

On September 24, 2013, the Ministry of Finance issued Circular 133/2013/TT-BTC on amending and supplementing Clause 1 Article 15 and promulgated forms enclosed with Circular No. 86/2013/TT-BTC dated June 27, 2013 on appl...

THE STATE BANK OF VIETNAM TO MAKE CONFIRMATION OF FOREIGN LOANS WITHIN 15 DAYS

08/11/2013 - FINANCE - BANKING

On September 24, 2013, the State bank of Vietnam issued Circular No. 22/2013/TT-NHNN on guiding procedures for registration and change registration of foreign loan and international bond issuance guaranteed by the Govern...

91 JOBS IN PROHIBITED LIST FOR MINOR PERSONS

08/11/2013 - LABOR - SALARY

On June 10, 2013, the Ministry of Labor, War Invalids and Social Affairs promulgates the Circular No. 10/2013/TT-BLĐTBXH to provide the lists of jobs and workplaces in which the employment of minor persons is prohibited....

FINES UP TO VND 100 MILLION ARE APPLIED TO VIETNAMESE WORKERS WHO ILLEGALLY LEAVING THE CONTRACTUAL WORKPLACE

08/11/2013 - LABOR - SALARY

This is one of the content stipulated in Decree No. 95/2013/ND-CP dated August 22, 2013 of the Government on penalties of administrative violations in labor, social insurance and overseas manpower supply by contract..

FINE UP TO VND 60 MILLION FOR VIOLATING REGULATIONS ON PRICE STABILIZATION

08/11/2013 - TAX – FEE - CHARGE

On September 24, 2013, the Government issued the Decree No. 109/2013/ND-CP prescribing on sanctioning administrative violations in the field of prices, charges and fees, and invoices. Of which, one of the most significan...

ELECTION FOR GRASSROOTS CONCILIATORS MUST OBTAIN THE CONSENT OF MORE THAN 50% OFHOUSEHOLDS’ REPRESENTATIVES

25/10/2013 - CIVIL

On June 20, 2013, The XIII National Assembly officially passed Law on Grassroots Conciliation No. 35/2013/QH13 on stipulating the principles and the State’s policies on grassroots conciliation, conciliators and conciliat...

FROM NOVEMBER 01, 2013, PUBLIC DIGITAL SIGNATURE IN E-CUSTOMS PROCEDURES TO BE USED

25/10/2013 - EXPORT – IMPORT

This is the content regulated under the Decision No. 2341/QD-BTC dated September 18, 2013 of the Ministry of Finance issuing the route to use public digital signatures in e-customs procedures.

MUST HAVE VND 100,000 BILLION OF ASSETS TO ESTABLISH BRANCHES IN FOREIGN COUNTRIES

25/10/2013 - FINANCE - BANKING

This is required under the Circular No. 21/2013/TT-NHNN dated September 09, 2013 of the Vietnam State Bank prescribing commercial bank’s operation network.

HOUSEHOLDS AND INDIVIDUALS TO CONTINUE TO USE LAND FOR CULTIVATION OF ANNUAL CROPSAFTER LAND USE DURATION EXPIRED

25/10/2013 - LAND – HOUSING

On June 21, 2013, the National Assembly passed Resolution No. 49/2013/QH13 on the extension of the duration of land use for cultivation of annual crops, aquaculture or salt making of households and individuals..

FOREIGN INVESTED PROJECTS MUST MAKE RE-REGISTRATION INVESTMENT LICENSE BEFORE FEBRUARY 1, 2014

25/10/2013 - ENTERPRISE

On June 20, 2013, the XIII National Assembly of the Socialist Republic of Vietnam officially passed the Law Amending and Supplementing Article 170 of the Enterprise Law, No. 37/2013/QH13 on stipulating enterprise cases e...