Tax law revision gives lifeline to property investors.
The amended corporate income tax law, which will be submitted to the government this month and forwarded to the National Assembly in May, contains a provision that will help real estate investors offset their losses. The prevailing law bans enterprises from using their profits from production and business activities to cover the losses from real […]
Anti money laundering law is effective from 1st January 2013
The Law on Prevention of Money Laundering (No. 07/2012/QH13)/ has been passed on 2nd July 2012 by the Parliament with an intention to prevent and detect individuals and organizations indulging in acts of money laundering and ensure anti-money laundering. The law is applicable to the individuals, institutions and organizations dealing with financial transactions and business, […]
Circular 210/2012/TT-BTC of the Ministry of Finance dated 30 November 2012 guiding the establishment and operation of securities companies.
Circular 210/2012/TT-BTC guiding the establishment and operation of securities companies (“Circular 210”) has recently been adopted. Circular 210 will take effect from 15 January 2013. Circular 210 shall replace Decision 27/2007/QD-BTC of the MOF dated 24 April 2007 promulgating the regulation on organization and operation of securities companies and Decision 126/2008/QD-BTC of the MOF dated […]
Circular 211/2012/TT-BTC dated 5 December 2012 of the Ministry of Finance implementing Decree 90/2011/ND-CP on the issuance of corporate bonds (“Circular 211”)
Ministry of Finance has recently issued Circular 211 guiding Decree 90/2011/ND-CP of the Government on issuing corporate bonds. Circular 211 shall take effect on 20 January 2013. Circular 211 provides specific provisions on terms and conditions of corporate bonds. Particularly, the issuer must publish the terms and conditions of the bonds in accordance with “the […]
Decree 64/2012/ND-CP dated 4 September 2012 on construction permit (the “Decree 64”).
Decree 64 takes effect on 20 October 2012 and replacing the regulations on construction permit in Decree 12/2009/ND-CP, Decree 83/2009/ND-CP, Decree 39/2010/ND-CP. Like the previous regulation, Decree 64 requires the investors obtaining construction permit before construction except some certain cases. From the date of receiving a valid application file, the construction licensing authority must consider […]
Law No.06/2012/QH13 on Deposit Insurance shall be effective from January 01, 2013
The Law on Deposit Insurance has been passed on 18th June 2012 by Vietnam’s National Assembly stipulating the deposit insuance activities, rights and obligations of insured persons of deposits, rights and obligations of the insured persons and state management of deposit insurance with an intention to protect the legitimate rights and interests of the depositors and […]
Procedure for Certificate of Technology Transfer Contract Registration issuance
In the event of registration, within 90 days from the signing contract, the Transferee (in case the technology is transferred from foreign country to Vietnam) has to submit the documents to the competent authority to issue the Certificate of Technology Transfer Contract Registration. 1.The competent authority: Firewall Cisco|| Juniper switch | Router cisco | thiết […]
Establishment of the primary trade union of the enterprise, a necessary point
What is the necessity of the establishment of the primary Trade Union? In the recent statistics of the Vietnam Federal Confederation of Labor, there are 60% of the foreign-owned Enterprises and 80% private-owned Enterprises having no primary Trade Union. In practice, the lack of the establishment or the effective operation of the primary Trade Union […]
Assignment of utility model patent
In case a lawful owner of a utility model patent is in demand of assigning the utility model patent to a third party, they can register and record the assignment at National Office of Intellectual Property as below: The required documents for the assignment include: Application form Assignment agreement of the utility model patent The […]