Legal Update

Decree 222/2013/ND-CP of Cash Payments Officially Takes Effect

Decree 222/2013/ND-CP of Cash Payments Officially Takes Effect

From March 01, 2014, Decree 222/ND-CP dated December 31, 2013 on cash payments and state management of the cash payments in a number of transactions in Vietnam territory officially takes...

Gov’t bans transfer of 30 technologies

Gov’t bans transfer of 30 technologies

The Government has approved the Decree 120/2014/ND-CP which expands the list of technologies banned from transfer from abroad into Viet Nam. Accordingly the number of banned technologies will be increased to...

 
Property rule hurts firms, buyers

Property rule hurts firms, buyers

The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price. Le...

Customs dep’t offers preferential treatment

Customs dep’t offers preferential treatment

Customs and storage agencies will be allowed to give preference to qualified businesses in a move to encourage the businesses, according to a newly-issued Government decree. As per Decree 08/2015/ND-CP, which...

 
Ha Noi to raise smuggling fines

Ha Noi to raise smuggling fines

Deputy Prime Minister Nguyen Xuan Phuc has approved Ha Noi's proposal to increase administrative fines for smugglers and manufacturers of fake products. He asked the Ministry of Finance to study the...

Tighter Management over Inefficient Funds

Tighter Management over Inefficient Funds

Restructuring investment funds is one of the first successes contributing to Vietnam's stock market restructuring. Until 2004, Vietnam's stock market had no fund management company. But within two years from 2006...

 
Press Release on issuance of Circular No.01/2015/TT-NHNN

Press Release on issuance of Circular No.01/2015/TT-NHNN

The State Bank of Vietnam (SBV) issued Circular No. 01/2015/TT-NHNN on January 6 to stipulate trading and provision of interest rate derivative products of commercial banks and foreign bank branches....

New law drafted to prop up private sector

New law drafted to prop up private sector

The Ministry of Planning and Investment is drafting a new law intended to guarantee breakthrough development in the private sector, said minister Bui Quang Vinh. Vinh told reporters in Hanoi on...

 
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