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 […]
Re-declaration when changing more than 3% by-automobile transportation fare/freight rates
From December 01, 2014, enterprises, cooperatives and business households engaged in by-automobile transportation business or provision of road transportation support services in the Vietnamese territory, re-declaration of fare/freight rates shall be made by units that increase or reduce their fare/freight rates by more than 3% compared to previously declared fare/freight rates due to change of […]
The land price bracket in urban areas is vnd 162 million/m2 at most
According to the Decree No. 104/2014/ND-CP dated November 14, 2014 of the Government on the land price bracket, from December 29, 2014, the land price bracket ranges from VND 40,000/m2 to VND 162 million/m2; Of which, the highest price – VND 162 million/m2 shall be applied for the Red River delta region, the southeastern region […]
Refund of funds in case of failing to obtain mineral exploration licenses
According to the Joint Circular No. 61/2014/TTLT-BTNMT-BKHDT-BTC dated November 14, 2014 of the Ministry of Natural Resources and Environment, the Ministry of Planning and Investment and the Ministry of Finance guiding procedures for contributing capital to geological baseline surveys of minerals by organizations and individuals and management of their contributed capital, investors contributing capital to […]
Employee on maternal leave must pay health insurance premiums
This is one of the important content of the Decree No. 105/2014/ND-CP dated November 15, 2014 of the Government detailing and guiding the implementation of a number of articles of the Health Insurance Law. In particular, In accordance with this Decree, from January 01, 2015, for an employee who is on maternal leave under the […]
Transactions not required to be reported
On November 11, 2014, the State Bank of Vietnam issued the Circular No. 31/2014/TT-NHNN amending and supplementing a number of articles of Circular No. 35/2013/TT-NHNN of December 31, 2013 guiding the implementation of a number of provisions on anti-money laundering. Of which, there are important amendments on intensive assessment of high-risk clients. Specifically, from December […]
Limit on trading, providing interest rate derivative products
According to the Circular No. 01/2015/TT-NHNN dated January 06, 2015 of the Vietnam State Bank stipulating trading and provision of interest rate derivative products of commercial banks, foreign bank branches, credit institutions, foreign bank branches are permitted trading, providing and using interest rate derivative products when limit of net loss on trading, providing and using […]