Legal capital level of a credit rating agency is VND15 billion
The legal capital level of a credit rating agency for its credit rating activities is VND fifteen (15) billion is the content prescribed at the Decree No. 88/2014/ND-CP dated September 26, 2014 of the Government on credit rating services. The legal capital level is exclusive of legal capital level for other business lines a credit […]
Fund management companies be prohibited from using raised capital for financial investment
This is one of the contents prescribed at the Circular No. 146/2014/TT-BTC dated October 06, 2014 of the Ministry of Finance guiding the financial regime for securities companies and fund management companies, branches of foreign fund management companies licensed to be established and operate in Vietnam. Accordingly, securities companies and fund management companies shall manage, […]
Agricultural enterprises shall be supported with VND 1 million/m2 in building factory
In accordance with the Circular No. 05/2014/TT-BKHDT issued by the Ministry of Planning and Investment on September 30, 2014 guiding the implementation of the Government’s Decree No. 210/2013/ND-CP of December 19, 2013, on incentive policies for enterprises investing in agriculture and rural areas. Enterprises may select the compliance with the current capital construction investment process: […]
VAT rate for unprocessed processed cultivation, husbandry or aquatic products
On June 26, 2014, the Ministry of Finance issued the Circular No. 83/2014/TT-BTC guiding the application of value-added tax according to Vietnam’s list of imports; within that the most important content is the VAT rate applicable to unprocessed or preliminarily processed cultivation, husbandry or aquatic products, and fresh or raw foods at the stage of trading. […]
From january 01, 2015, increase regional minimum wage levelt
In accordance with the Decree No. 103/2014/ND-CP dated November 11, 2014 of the Government providing stipulating regional minimum wage level for laborers working for enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers according to labor contracts, from January 01, 2015, the regional minimum wage shall be different from VND 2,150,000/month to […]
Taking their application back as must send a written request
This is the content of the Circular No. 23/2014/TT-BLDTBXH dated August 29, 2014 of the Ministry of Labor, War Invalids and Social Affairs guiding the implementation of a number of articles of the Decree No.03/2014/ND-CP detailing the implementation of a number of Articles of the Labor Code regarding employment. In particular, any job candidate who […]
Allowed to change the land use purpose from agricultural land to residential land for resettlement
The Ministry of Natural Resources and Environment has just issued the Circular No. 37/2014/TT-BTNMT dated June 30, 2014 detailing compensation, support and resettlement upon land recovery by the State. Within that, the important content is the change of the land use purpose from agricultural land to residential land for resettlement in case the land parcel […]
Free for renunciation of vietnamese nationality
This is one of important contents prescribed at the Decree No. 97/2014/ND-CP dated October 07, 2014 of the Government amending and supplementing a number of articles of the Government’s Decree No. 78/2009/ND-CP of September 22, 2009, detailing and guiding a number of articles of the Law on Vietnamese Nationality…in accordance with the current regulations: those […]
Foreign-invested education institutions must pubic the school fees and charges
On August 26, 2014, the Ministry of Education and Training, the Ministry of Finance, the Ministry of Labor, War Invalids and Social Affairs issued Joint Circular No. 29/2014/TTLT-BGDDT-BTC-BLDTBXH on the management of finance, accounting, audit and tax applicable to foreign cooperation and investment in education, training and vocational training. Education institutions carrying out joint training […]
Control audit service quality
On October 23, 2014, the Ministry of Finance issued the Circular No. 157/2014/TT-BTC dated October 23, 2014 of the Ministry of Finance on audit service quality control, financial report and information examination service, and other assurance services as stipulated in Paragraph 1, Article 40 of the Law on Independent Audits (hereinafter referred to as the […]