Conversion of business types of credit institutions
On December 31, 2015, the State Bank of Vietnam issued the Circular No. 36/2015/TT-NHNN on restructuring of credit institutions. Accordingly, each credit institution may only convert its business type in accordance with business types prescribed in Article 6 of the Law on credit institutions and regulations of the State Bank. Protect confidentiality in order to […]
Cars running within an amusement park or sports center not subjected to set
This is the content prescribed at the Circular No. 195/2015/TT-BTC dated November 24, 2015 of the Ministry of Finance guiding the Decree No. 108/2015/ND-CP dated October 28, 2015 of the Government guiding a number of Articles of the Law on Special Excise Duty and the Law on amending the Law on Special Excise Duty. Besides the […]
Income s from collection and centralized treatment of common solid wastes receives corporate income tax incentives
This is the content prescribed at the Circular No. 212/2015/TT-BTC issued the Ministry of Finance on December 31, 2015 guiding the corporate income tax policies for environmental protection activities regulated at the Decree No. 19/2015/ND-CP dated February, 2015 of the Government detailing a number of articles of the Law on Environmental Protection. In particular, this […]
To exempt from mandatory labeling for genetically modified foods temporarily imported, placed in transit
On November 23, 2015, the Ministry of Agriculture and Rural Development, the Ministry of Science and Technology issued the Joint Circular No. 45/2015/TTLT-BNNPTNT-BKHCN on labeling of pre-packed genetically-modified foods. In accordance with the regulations in this Circular, the labeling of prepacked genetically-modified foods sold in Vietnam, at least 1 genetically modified ingredient of which makes […]
Block the inspected entity’s account if it is suspected to hide the property
In accordance with the Joint Circular No. 07/2015/TTLT-TTCP-NHNN dated November 25, 2015 by the Government Inspectorate and the State Bank of Vietnam guiding the account blockade of inspected entities; only if the inspected entity is suspected to hide the property or disobey the decision on confiscation of cash or property, the inspected entity’s account shall […]
Operation duration of a non-bank credit institution is no more than 50 years at the maximum
On December 25, 2015, the State Bank of Vietnam issued the Circular No. 30/2015/TT-NHNN on regulations on issuing the licenses, organization and operation of non-bank credit institutions; within that, the most important content is the requirements for licensing joint stock non-bank credit institutions. Accordingly, the founding shareholders must have at least two founding shareholders as organizations, […]
Maternity regime for female employees being surrogate mothers and intended mothers
On November 11, 2015, the Government issued the Decree No. 115/2015/ND-CP detailing a number of articles of the Law on Social Insurance regarding compulsory social insurance. In particular, in her pregnancy, a female employee being surrogate mother currently paying compulsory social insurance premiums to the sickness and maternity fund is entitled to take leave for […]
The deposit for investment project is from 1% - 3%
In accordance with the Decree No. 118/2015/ND-CP dated November 12, 2015 of the Government guiding a number of Articles of the Law on Investment, takes effect on December 27, 2015, the investor must pay a deposit when receiving land, leasing land, or permitted to repurpose land by the State to execute the investment project… The deposit […]
Invest over vnd 190.000 billion on new countryside building
On November 12, 2015, the National Assembly passed the Resolution No. 100/2015/QH13 approving the investment policy for national target programs during 2016-2020; including National target program on new countryside building and National target program on sustainable poverty reduction. Accordingly, the scope of implementation of the National target program on new countryside building is on communes nationwide […]