Extended visa waiver for European visitors expected
In near future, citizens of the United Kingdom, France, Germany, Spain and Italy may have the visa requirement waived for five years instead of one year as currently. This is among the proposals brought forward by the Ministry of Culture, Sports and Tourism, with a view to making full use of the policy to attract […]
Mining-sourced tax collection needs improvements
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature […]
Mining-sourced tax collection needs improvements
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature […]
Nation looks to improve business climate and competitiveness
Prime Minister Nguyen Xuan Phuc on April 28 inked Resolution No. 19/NQ-CP on major tasks and solutions to improve the business environment and national competitiveness during 2016-17, with a vision towards 2020. Under the Resolution, Vietnam will improve its criteria on business climate and competitiveness to reach the average indicators of the ASEAN-4 group (Singapore, […]
Legal documents issued from April 25 thru May 1
From April 25 thru May 1, five legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Decree No. 30/2016/ND-CP Detailing investments from the social insurance, health insurance and unemployment insurance funds Government April 28, 2016 June 16, 2016 Resolution No. 19-2016/ND-CP On major tasks and solutions to improve the […]
Official Gazette issues Nos 10-12 February 2016, published on May 5, 2016
The English versions of the following legal documents are available in Nos. 10-12 February 2016 of the Official Gazette issued on May 5: – Decree No. 10/2016/ND-CP of February 1, 2016, on government-attached agencies;– Decree No. 11/2016/ND-CP of February 3, 2016, detailing a number of articles of the Labor Code regarding foreign workers in Vietnam;– Decision No. […]
Barriers block foreign investors being residents
Over the past few years, in an effort to provide foreign investors with better legal conditions to make investments in Vietnam, the State Bank of Vietnam (SBV) issued various new regulations on foreign exchange control. One such regulation of particular interest to foreign investors is Circular No.19/2014/TT-NHNN guiding foreign exchange control of foreign direct investment […]
Insurers claim less profits
For shareholders, dividend payment is the long and sensitive story which has been focused specially in this annual shareholders meeting season. So many shareholders are crying for low dividends recommdended by insurers inspite of positive growth. Typically, Post & Telecommunication Joint Stock Insurance Corporation (PTI), an active company in the non-life insurance industry, last week […]
Legal framework for multi-level marketing business to be revised
Deputy Minister of Industry and Trade Tran Quoc Khanh recently said the ministry would reconsider the legal framework for the multi-level marketing models with a view to limiting tricks employed to take advantage of such models for self-seeking or fraudulent purpose. In order to raise the effectiveness of the management of multi-level marketing business, the […]
Enterprise names identical to protected marks required to be changed
From May 20, enterprises bearing names that are identical or similar to registered marks will have to change their names. Joint Circular No. 05/2016/TTLT-BKHCN-BKHDT dated April 5, 2016, jointly issued by the Ministry of Science and Technology and the Ministry of Planning and Investment, detailing and guiding the handling of cases where enterprise names infringe […]