Legal updated

FINE UP TO VND 5 MILLION WITH FACILITY FAILURES TO KEEP ANIMAL FEEDS SEPARATE FROM FERTILIZERS

08/07/2018 - ADMINISTRATIVE

On May 07, 2018, the Government issues the Decree No. 64/2018/ND-CP on penalties for administrative violations against regulations on livestock breeds, animal feeds and aqua feeds, specifically:

THE MAXIMUM VALUE OF PROMOTIONAL PRODUCT IN SALE SEASON SHALL BE 100%

08/07/2018 - COMMERCE

On May 22, 2018, the Government issues the Decree No. 81/2018/ND-CP on detailing the regulations of Commercial Law on trade promotion. This Decree takes effect on July 15, 2018.

CARS WITH FIXED SCHEDULE ONLY HAVE TO SUBMIT CUSTOMS DECLARATION ONCE PER 30 DAYS

08/07/2018 - TAX – FEE - CHARGE

A number of the Articles of the Decree No. 08/2015/ND-CP dated January 21, 2015 of the Government providing specific provisions and guidance on enforcement of the customs law on customs procedures, inspection, supervisio...

4 CASES IN WHICH PROOF OF ORIGIN IS NOT REQUIRED

08/07/2018 - EXPORT – IMPORT

The Circular No. 38/2018/TT-BTC on regulations on identification of origin of imported and exported goods is issued on April 20, 2018 by the Ministry of Finance.

PROHIBIT BANK FROM PURCHASING CORPORATE BONDS TO RESTRUCTURE DEBTS OF ENTERPRISE

08/07/2018 - FINANCE - BANKING

The State Bank of Vietnam issues the Circular No. 15/2018/TT-NHNN on June 18, 2018 n amending the Circular No. 22/2016/TT-NHNN dated June 30, 2016 of the State Bank of Vietnam on purchase of corporate bonds by credit ins...

LAND RENT EXEMPTION WITH AUXILIARY INDUSTRIAL PARKS

08/07/2018 - INVESTMENT

On May 22, 2018, the Government issues the Decree No. 82/2018/ND-CP on management of industrial parks and economic zones.

FROM JULY 01, PENSION AND MONTHLY ALLOWANCE INCREASE BY 6.92%

08/07/2018 - LABOR - SALARY

On June 15, 2018, the Government issues the Decree No. 88/2018/ND-CP on adjustments of retirement pensions, social insurance allowances and monthly allowances

TO SUPPLEMENT TAX INCENTIVES FOR THE MECHANICAL ENGINEERING SECTOR

01/07/2018 - INDUSTRY

According to the Strategy for development of Vietnam’s mechanical engineering sector through 2025, with a vision toward 2035, mechanical engineering is a fundamental industry, center on mechanical engineering serving agr...

AUTHORIZE INDIVIDUAL OR JURIDICAL PERSON TO PARTICIPATE IN LEGAL PROCEEDINGS

01/07/2018 - CIVIL

On May 15, 2018, the Council of Judges of the Supreme Court issued the Resolution No. 03/2018/NQ-HDTP guiding the implementation of certain regulations in settlement of dispute over settlement of non-performing loans (NP...

6 STANDARDS APPLIED TO VOCATIONAL EDUCATION ACCREDITORS

01/07/2018 - EDUCATION – TRAINING – VOCATION

On March 30, 2018, the Government issued the Decree No. 49/2018/ND-CP on vocational education accreditation, within that, prescribed 6 standards applied to vocational education accreditors.

NEW PROVISIONS ON TEMPORARY IMPORTATION AND EXPORTATION

01/07/2018 - COMMERCE

On May 15, 2018, the Government issued the Decree No. 69/2018/ND-CP on guidelines for the Law on Foreign Trade Management.

TO AMEND THE REGULATIONS ON THE CERTIFICATES OF ORIGIN WITH THE FORM EAV

01/07/2018 - FINANCE - BANKING

The Circular No. 11/2018/TT-BCT amending and supplementing the Circular No. 21/2016/TT-BCT issued by the Ministry of Industry and Trade on May 29, 2018.

MICROFINANCE INSTITUTIONS MUST DISTRIBUTE 10% PROFIT INTO THE PROVISION FUND

01/07/2018 - FINANCE - BANKING

On February 12, 2018, the Ministry of Finance issued the Circular No. 18/2018/TT-BTC on guiding a number of articles regarding the financial regime applicable to microfinance institutions.

GUIDANCE FOR PAYROLL FOR PUBLIC OFFICIALS FROM JULY 01, 2018

01/07/2018 - LABOR - SALARY

On May 31, 2018, the Ministry of Internal Affairs issued the Circular No. 06/2018/TT-BNV on guiding the employees on payroll in bodies, organizations and agencies of the Vietnam communist party and the government, and po...

EXPENSE FOR PHOTOCOPYING INFORMATION FROM STATE AGENCY IS VND 3,000/A4 SHEET

01/07/2018 - TAX – FEE - CHARGE

On May 14, 2018, the Ministry of Finance issued the Circular No. 46/2018/TT-BTC on detailing actual expenses for printing, copying, photocopying and sending information under Clause 2, Article 12 of the Law on Access to...