Legal updated

THE NOMENCLATURE OF IMPORTED, EXPORTED DRUGS, MEDICINAL INGREDIENTS, COSMETICS IN VIETNAM

17/06/2018 - MEDICAL – HEALTH

The nomenclature of imported and exported drugs and medicinal ingredients for human use and cosmetics whose HS codes have been assigned in the Vietnam’s nomenclature of exports and imports was promulgated by the Ministry...

FORM MARCH 26, FOREIGN BANK BRANCHES MUST SUBMIT REPORTS IN ELECTRONIC

17/06/2018 - FINANCE - BANKING

On February 07, 2018, the Ministry of Finance issues the Circular No. 16/2018/TT-BTC on guiding a number of articles regarding the financial regime applicable to credit institutions and foreign bank branches.

THE COMPULSORY RESERVE RATES APPLICABLE TO CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES

17/06/2018 - FINANCE - BANKING

The State Bank of Vietnam issues the Decision No. 1158/QD-NHNN on compulsory reserve rates applicable to credit institutions and foreign bank branches on May 29, 2018.

BY 2025, SHRIMP PRODUCT EXPORT REACH USD 10 BILLION

05/06/2018 - AGRICULTURE – FOREST

According to the National action plan on development of Vietnam’s shrimp industry by 2025 issued on January 18, 2018 by the Prime Minister at the Decision No. 79/QD-TTg:

NATIONAL TECHNICAL REGULATIONS ON CONTENT OF FORMALDEHYDE IN TEXTILE PRODUCTS FROM 2019

05/06/2018 - INDUSTRY

On April 26, 2018, the Ministry of Industry and Trade issued the Circular No. 07/2018/TT-BCT on amending No. 21/2018/TT-BCT on promulgating national technical regulations on content of formaldehyde and certain aromatic a...

GUIDANCE ON DETERMINATION OF LAND RENT PRICE IN THE HOA LAC HI-TECH PARK

05/06/2018 - SCIENCE – TECHNOLOGY

On March 30, 2018 of the Ministry of Finance issue the Circular No. 32/2018/TT-BTC guiding the Decree No. 74/2017/ND-CP dated June 20, 2017 of the Government on specific policies for Hoa Lac Hi-Tech Park.

06 CONDITIONS LIABLE TO ENFORCED DEMOLITION

05/06/2018 - CONSTRUCTION

On April 24, 2018, the Ministry of Construction issued the Circular No. 03/2018/TT-BXD on detailing a number of articles of Decree No. 139/2017/ND-CP dated November 27, 2017 on penalties for administrative violations aga...

TO ISSUE THE DECREE ON INCREASING THE BASE SALARY

05/06/2018 - LABOR - SALARY

On May 15, 2018, the Government issues the Decree No. 72/2018/ND-CP prescribing the base salary for cadres, civil servants, public employees and armed forces.

TO ISSUE THE RESOLUTION ON EARLY RELEASE OF PRISONERS

26/05/2018 - CRIME

On April 24, 2018, the Judicial Council of the Supreme People's Court issues the Resolution No. 01/2018/NQ-HDTP guiding the application of Articles 66 and 106 of the Penal Code on conditional early release of prisoners.

CALCULATION OF THE VOLUME OF NARCOTICS IN THE 2015 PENAL CODE

26/05/2018 - CRIME

On February 02, 2018, the Government issued the Decree No. 19/2018/ND-CP prescribing the calculation of the aggregate weight or volume of narcotics referred to in a number of articles of the 2015 Penal Code.

TO SUPPORT VND 8 BILLIONS FOR FISHING SHIPS

26/05/2018 - ECONOMIC – SOCIAL POLICIES

In accordance with the Decree No. 17/2018/ND-CP of the Government on amending and supplementing a number of articles of the Government's Decree No. 67/2014/ND-CP of July 7, 2014, on a number of fisheries development poli...

INSPECTION OF FOREIGN SHIPS OPERATING IN THE SEAPORT WATERS OF VIETNAM

26/05/2018 - TRANSPORT

In accordance with the Circular No. 07/2018/TT-BGTVT dated February 07, 2018 of the Ministry of Transport on prescribing the inspection of seagoing ships.

THE PILOT E-DECLARATION AND PAYMENT OF AUTOMOBILE AND MOTORCYCLE

26/05/2018 - TAX – FEE - CHARGE

At the Circular No. 05/2018/TT-BTC dated January 22, 2018, the Ministry of Finance has detailed guidance on the pilot e-declaration and payment of automobile and motorcycle registration fees at Hanoi and Ho Chi Minh City...

FUNDING WITHIN 05 YEARS FOR SMALL AND MEDIUM-SIZED START-UP COMPANIES

12/05/2018 - INVESTMENT

The Decree No. 38/2018/ND-CP detailing the investments in small and medium-sized start-up companies issued by the Government on March 11, 2018.

ALLOWED TO RECEIVE CREDIT OVEREXTENSIONS IF NOT INCUR BAD DEBTS FOR 03 YEARS

12/05/2018 - FINANCE - BANKING

On March 06, 2018, the Prime Minister issues the Decision No. 13/2018/QD-TTg on prescribing eligibility and documentation requirements and procedures for application for approval of credit overextensions granted by credi...