From 2016, total number of national assembly deputies must not exceed 500

The total number of National Assembly deputies must not exceed 500, including full-time and part-time National Assembly deputies, of which the number of full-time National Assembly deputies must account for at least 35% of the total number of National Assembly deputies is one of the most significant points under the Law on organization of the […]

Late salary payment for 15 days or more shall be paid interest

Under the Decree No. 05/2015/ND-CP dated January 12, 2015 of the Government guiding the implementation of a number of the Labor Code’s contents, an employee enjoying monthly salary shall be paid on monthly or semi-monthly basis. In case natural disaster, conflagration or other force majeure events take place, and employers have sought all remedial measures […]

Must supervise employment status of employees after recommending jobs

The Ministry of Labor, War Invalids and Social Affairs promulgated the Circular No. 07/2015/TT-BLDTBXH dated February 25, 2015 of the Ministry of Labor, War Invalids and Social Affairs stipulating a number of Articles of the Decree No. 196/2013/ND-CP dated November 21, 2013 of the Government defining on establishment and operation of the Career Services Center […]

Mobilizing the private sector investment in railway infrastructure

In order to gradually reduce the burden on the state budget, and meet the target of socio-economic development, industrialization – modernization of the country and restructure the railway sector investment, enhance private sector involvement investment ratio in the railway infrastructure commensuration with other transport fields, on December 24, 2014, the Minister of Transport signed the […]

Not use money in other capital contribution

On January 29, 2015, the Ministry of Finance issued the Circular No. 09/2015/TT-BTC dated January 29, 2015 of the Ministry of Finance guiding financial transactions of enterprise prescribed in the Article 6 of the Decree No. 222/2013/ND-CP dated December 31, 2013 of the Government providing for cash payment. At this Circular, the Ministry of Finance […]

Maximum commission for insurance contracts of guarantee insurance is 10%

This is the content prescribed at the Circular No. 194/2014/TT-BTC dated December 17, 2014 of the Ministry of Finance on amending and supplementing a number of articles of the Circular No. 124/2012/TT-BTC dated July 30, 2012 of the Ministry of Finance guiding the implementation of a number of articles of the Government’s Decree No. 45/2007/ND-CP […]

By the end of 2015, reduce non-performing loans to below 3 %

The National Assembly just approved the Resolution No. 86/2014/QH13 dated November 28, 2014 on further increasing the effectiveness of the economic restructuring in public investment, state enterprises and banking system, arranging and restructuring weak credit institutions, continuing implementing measures to reduce non-performing loans to below 3 percent of the total outstanding loans by the end […]

Inland waterway transportation must have automatic identification system equipment

This is one of the conditions for passenger transportation business along fixed routes in accordance with the Circular No. 110/2014/ND-CP issued by the Government on conditions for inland waterway transportation business. In particular, beside the condition that vessels are fitted with Automatic Identification System (AIS) equipment when operating along routes from the coast to islands […]

Tax exemption for the government bond in the international market

On November 01, 2014, the Government issued the Resolution No. 78/NQ-CP on tax exemption for the Government bond in the international market in 2014. At the Resolution, the Government decides to exempt the enterprise income tax and personnel income taxes for incomes from Government bond’s interest  in the international  market in 2014, at the same […]