Decree issued to facilitate foreign investors’ operation in VN
Decree No. 118/2015/NĐ-CP defines some articles of the Law on Investment, which facilitates investment procedures in forms of capital and stakes contribution for foreign investors. . . Foreign investors who buy shares in or contribute capital to economic organizations won’t have to deal with procedures involved in investment certification. Foreign investors will themselves have to […]
New policies take effect in December
New regulations on special financial supervision over State-owned enterprises, the establishment of social enterprises, the competence of environmental police, and the implementation of the revised Law on Investment are among new policies taking effect in December. . . Special financial supervision Under Decree No. 87/2015/ND-CP dated October 6, 2015, the Ministry of Finance (MOF) will be responsible for coordinating with other […]
New decree clarifies procedures for foreign investors
From December 27, foreign investors may carry out procedures for investment registration and enterprise establishment at a single place, instead of running here and there to fulfill these formalities as at present. . . The new regulation is provided in Government Decree No. 118 dated November 12, 2015, detailing and guiding the implementation of a […]
Legal documents issued from November 23 thru 29
From November 23 thru 29, four legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Decision No. 2053/QD-TTg Approving the adjusted master plan on transport development in the northern key economic region through 2020 and orientations toward 2030 Prime Minister November 23, 2015 November 23, 2015 Decision No. 2055/QD-TTg Approving […]
Auto part import tariff to be slashed in 2016
The Ministry of Finance has proposed to reduce import duty to zero percent for various automobile parts and spare parts by 2016. . . According to the proposal, the new import duty rates will be applied to engines and other parts of automobiles with a cylinder capacity of under 2,000 cc, such as gearboxes, wheel […]
Legal documents issued from November 16 thru 22
From November 16 thru 22, four legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Circular No. 21/2015/TT-NHNN Amending a number of articles of the State Bank of Vietnam’s Circular No. 22/2014/TT-NHNN of August 15, 2014, guiding the implementation of credit policies under the Government’s Decree No. 67/2014/ND-CP of July […]
New decree clarifies procedures for foreign investors
From December 27, foreign investors may carry out procedures for investment registration and enterprise establishment at a single place, instead of running here and there to fulfill these formalities as at present. . . The new regulation is provided in Government Decree No. 118 dated November 12, 2015, detailing and guiding the implementation of a […]
Draft circular sets conditions for mineral export
Only businesses established and operating under the Law on Enterprises and satisfying conditions on goods import, export, processing and trading agency with foreign parties specified in the Commercial Law would be allowed to export minerals.This is provided in a draft circular on mineral export conditions recently released by the Ministry of Industry and Trade for public comment. […]
Bringing rules on import and export duties in line with signed FTAs
As scheduled, the draft revised Law on Import Duty and Export Duty will be submitted to the National Assembly for passage at the year-end session. The draft Law contains many new provisions aiming to build a healthy economic environment, facilitate production and export activities, and implement international commitments. This article introduces the most important contents […]
Import of equipment older than 10 years to be banned
From July 1 next year, only machinery, equipment and technological lines used for no more than 10 years from the date of manufacture will be permitted for import into Vietnam.This is provided in the Ministry of Science and Technology’s Circular No. 23 dated November 13, 2015, replacing Circular No. 20 issued in 2014 which only […]