Legal Update

New Customs Regulations in Vietnam aim to simplify procedures for enterprises

New Customs Regulations in Vietnam aim to simplify procedures for enterprises

Hanoi –Vietnam’s Ministry of Finance (MoF) has announced the streamlining of a range of taxation and customs procedures in Decision Nos. 509/QĐ-BTC and 510/QĐ-BTC. The MoF has removed one and...

VN, Laos to sign border trade agreement

VN, Laos to sign border trade agreement

VGP – The PM has issued a Decision directing negotiations on a border trade agreement with Laos. The PM assigned the Ministry of Industry and Trade to set up an interdisciplinary delegation in charge...

 
Vietnam mulls criminal charges against employers avoiding pension obligations

Vietnam mulls criminal charges against employers avoiding pension obligations

Employers who avoid buying mandatory social and health insurance for their employees will face criminal charges rather than civil penalties, under newly proposed legislation. “Violations related to social and health insurance...

Mass transit sector gets a boost

Mass transit sector gets a boost

Specifically, from July 1, bus enterprises will receive funds from the state budget for infrastructure development, including land funds, facilities to connect buses and other means of transport or investment...

 
New contractor selection rules to lure private investment

New contractor selection rules to lure private investment

The Government has recently issued a decree detailing provisions of the Bidding Law regarding selection of investors. Decree No. 30/2015/ND-CP, which will take effect early next month, regulates the selection of...

MoF imposes new gold tax

MoF imposes new gold tax

Viet Nam's jewellery exports have steadily decreased in recent years, from nearly US$3 billion in 2011 to only $670 million in 2014.— Photo hanoimoi HA NOI (VNS) — Most domestic jewellery...

 
Vietnam allows foreigners to own homes for 100 years

Vietnam allows foreigners to own homes for 100 years

Vietnam will allow foreigners to extend their home ownership by another 50 years, after the first 50-year period ends, according to a draft decree. Last November legislators amended the law on...

Depositing in foreign banks may require information declaration: draft circular

Depositing in foreign banks may require information declaration: draft circular

The State Bank of Vietnam (SBV) says it is drafting a Circular guiding the transaction of term deposits in credit organisations and foreign bank branches. Accordingly, credit organisations and foreign bank...

 
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