The Government issues provisions on goods origin
The Government has issued Decree specifying the Law on Trade on the origin of goods. In which, Decree stipulates that goods are considered to be originating if they are subject to one of following cases: Goods are wholly obtained or produced entirely in a country, country group or territory as prescribed; Goods are not wholly […]
Information about license fee 2018
VCN- In order to help taxpayers to comply with the law on license fee, the Tax authority has introduced the latest provisions at the time for submitting declaration, payment and notices of license fee 2018. The license fee is the direct tax. Taxpayers submit their declaration to the Tax authority directly managing them. The declaration […]
Temporary exports for re-import for construction are not subject to Tax exemption and Tax refund
VCN- Corresponding with Hai Phong Customs Department on Tax assessment for goods temporary exports for re-imports for construction under a lease contract, the General Department of Vietnam Customs said that these goods are not subject to Tax exemption or Tax refund. According to Article 50 Decree 08/2015/ ND-CP, Customs procedures for equipment, means temporary exports […]
MOLISA guides payment of social insurance premiums for foreign workers
As from January 1, 2018, foreign workers in Vietnam would be required to pay premiums for three among five social insurance regimes, namely sickness, maternity and occupational disease. Meanwhile, the two remaining regimes, retirement and survivorship, would become compulsory for foreigners working in the country in 2020 or 2022. These are salient points of a […]
Real estate business conditions for foreign investors
What conditions which foreign investors must meet to deal in real estate in Vietnam?To be permitted for investing in real estate projects in Vietnam, foreign investors must satisfy the conditions prescribed by the Law on Investment, Law on Enterprises, Law on Real Estate Business, and documents guiding the implementation of these laws, specifically as follows:Firstly, foreign […]
Government to cut half of business conditions in 2018
To promote fast and sustainable economic growth, efforts should be devoted to further improving the business climate and economic competitiveness, reforming specialized inspections of imports and exports and cutting business conditions. This is highlighted in Resolution 01/NQ-CP inked by Prime Minister Nguyen Xuan Phuc on the first day of 2018, which outlines the tasks and […]
Removing specialised inspection obstacles for the transportation field
Recently, the Ministry of Transport has fundamentally change the method of management for specialised inspections with the implementation of risk assessment management. Despite a wide application of international practices and enhancement of post clearance audits, there have still been overlaps in the specialised inspection process between the Ministry of Transport and other ministries. Not too […]
Vehicle importers required to have auto parts certificates
In addition to vehicle type approval (VTA) certificates issued by authorities in exporting countries, enterprises must submit similar certificates for some auto parts when they import cars into Vietnam. The Ministry of Transport has issued Circular 03/2018/TT-BGTVT guiding the implementation of government Decree 116 that tightens controls on quality, technical safety and environmental protection of […]
PPP regulations to facilitate project implementation
Public-private partnership (PPP) regulations would be amended toward facilitating project implementation while ensuring strict management of projects and harmony of the interests among the State, investors and users, heard a recent meeting that discussed a draft decree to replace Decree 15 of 2015 regarding investment in the PPP form. According to Decree 15, state capital […]
The Government abrogates many business conditions managed by Ministry of Industry and Trade
The Government issued a Decree No. 08/2018/NĐ-CP about adjustment of some Decrees regarding to business investment conditions under state management by the Ministry of Industry and Trade. Typically, in the field of petroleum, the Government has abrogated some articles and clauses of Decree No. 83/2014 / ND-CP dated 3/9/2014 of the Government on petroleum business. […]