Legal Updates 3
Circular No. 50/2012/TT-BCT promulgating the National Technical Regulation on Risk Acceptance Criteria used for Quantitative Risk Assessment (QRA) of petroleum, oil and petrol, chemical, thermal power activities. On December 28, 2012, the Ministry of Industry and Trade issued the Circular No. 50/2012/TT-BCT promulgating the National Technical Regulation on Risk Acceptance Criteria used for Quantitative Risk […]
Legal Updates 2
On January 09, 2013, the Government issued the Decree No. 06/2013/ND-CP on the security staff at organizations and enterprises. Of which, one of the most notable points is the regimes and policies applicable to the security staff at state organizations, state enterprises, and political organizations.Specifically, the Government regulated that if a security guard hurts or dies […]
Can Foreign Investor create a Vietnam company with 100% ownership in the field of engineering?
(S&B Law) The answer is yes, it is possible for foreign investor to set up 100% foreign invested company according to Vietnam law. Under Vietnam Law on Investment, in order to setting up a foreign invested company (hereinafter referred to as “NewCo), Foreign Investor is required to propose an Investment Project. Investment Project is understood […]
ePCT – an online service for filling patent easily.
Nowadays, companies seek a protection for their Intellectual Property items (such as trademarks, patents, industrial designs etc) not only in their countries but also in multiple countries. Therefore, international systems of Intellectual Property protection have been established, including conclusion of treaties and establishment of international bodies and organization. One of the most important treaties which […]
Establishment of foreign invested company in the field of advertisement services in Vietnam
(SB Law) According to the Center Product Classification System of United Nation, Advertisement Services are classified to CPC 871. With respect to services classified to CPC 871, under Vietnam WTO’s Commitments, it is provided that, foreign investor making investment in the field of advertisement services must joint venture with a Vietnamese Partner who has been granted right to operating […]
Vietnam, a new dragon of ASEAN
Vietnam deserves to be a “new dragon” of the Association of Southeast Asian Nations (ASEAN), said analysts at a seminar held in Paris , France on January 15 on Vietnam ’s investment potential. They agreed that Vietnam is an open country, which is on the right track to develop strongly and holds great potential of […]
MOF plans to reserve investment incentives for expanded projects
The expanded investment projects will also be able to enjoy the investment incentives like the ones given before to the initial projects, if the proposal of the Ministry of Finance (MOF) is ratified by the National Assembly. MOF, which is drafting the amended Corporate Income Tax law, has decided to preserve the investment incentives for […]
Ministry of Finance to submit to the National Assembly cut CIT to 20 percent from July 1, 2013
The government assigned the Ministry of Finance to submit to the National Assembly for consideration and decision of the new corporate income tax (CIT) of 20 percent for small and medium-sized enterprises (SMEs) from July 1st, 2013.The rate would be 10 percent for income from social housing business, applying from July 1st, 2013. The government […]
Singapore, Vietnam DTA Protocol Comes Into Force
The Inland Revenue Authority of Singapore has announced that the second protocol amending the existing double taxation agreement (DTA) between Singapore and Vietnam entered into force on January 11, 2013, and is generally effective from January 1, 2014. The protocol, which was signed on September 12 last year, revises various matters within the original DTA […]