Representative offices in VietNam
Establishing a representative office in Vietnam is considered a safe initial step before traders conduct a series of complex high-cost legal procedures to establish a wholly foreign-owned enterprise. Market research For any new foreign trader entering Vietnam’s market for the first time, their initial primary purpose might be promoting the brand, getting acquainted with and […]
SBLAW advice on setting up a Vietnamese company
Lawyer Nguyen Thanh Ha – Harry Nguyen, Chairman of SBLAW – contributes legal notes for Singaporean investors to run companies in Vietnam. What follows are the basics of running a wholly foreign-invested company in Vietnam This article was published on Vietnam Investment Review on the occasion of national day of Singapore (09 August)
On stay of the effective date of penal code
On June 29, 2016, the National Assembly issued the Resolution No. 144/2016/QH13 on stay of the effective date of Penal Code No. 100/2015/QH13, Criminal Procedure Code No. 101/2015/QH13, Law No. 99/2015/QH13 on Organization of Criminal Investigation Bodies, Law No. 94/2015/QH13 on Custody and Temporary Detention, and addition of the draft Law Amending and Supplementing a […]
The retail prices of petrol and oil products shall not exceed 2% of the basic price
On June 24, 2016, the Ministry of Finance and the Ministry of Industry and Trade issued the Joint Circular No. 90/2016/TTLT-BTC-BCT on amending a number of Articles of the Joint Circular No. 39/2014/TTLT-BCT-BTC on determination of basic prices, establishment, management and allocation of price stabilization funds and control of petrol and oil prices under the […]
Individuals in charge of supervision must have at least direct 3 years' experience
In accordance with the Circular No. 10/2016/TT-BKHDT dated July 22, 2016 of the Ministry of Planning and Investment on guidelines for supervision and inspection of bidding, an individual in charge of supervision must at least direct 3 years' experience in the following entities: Bidding management authorities; procuring entities; groups of specialists, assessment agencies. Besides, an […]
To fine to vnd 20 million for advertising medical pesticide without an advertisement certificate
In accordance with the Decree No. 115/2016/ND-CP, a fine of from VND 5 million to VND 10 million shall be imposed for advertising a domestic or medical pesticide or germicide against the advertisement certificate issued by the Ministry of Health and the fine for advertising is from VND 10 million to VND 20 million. Another […]
Payment of monetary differences in renting public housing
The Ministry of Finance issued the Circular No. 124/2016/TT-BTC dated August 03, 2016 guiding on management of proceeds from lease, lease-purchase and sale of State-owned dwellings; payment of monetary differences in renting public housing and management of proceeds from lease of public housing under the governments Decree No. 99/2015/ND-CP dated October 20, 2015 detailing and […]