Incentives for employers, female employees
Enterprises that employ a large number of female laborers will enjoy lower corporate income tax rates from November 15.Under Government Decree No. 85/2015/ND-CP dated October 1, enterprises regularly employing less than 100 female laborers, accounting for at least 50 percent of the total workforce, or between 100 and 1,000 women, making up 30 percent of […]
TPP has long-term advantages
VGP – Viet Nam could experience increasing trade deficit in the initial stage of joining into Trans-Pacific Partnership (TPP) due to higher foreign direct investment. . . However, the country’s exports will be higher after production becomes stable, thus narrowing the difference in trade balance. Mr. Truong Dinh Tuyen, former Trade Minister, told a press meeting held in […]
New regulations on real estate business released
VGP – The Government recently issued a decree guiding the implementation of the Law on Real Estate Business. The new decree stipulates conditions on real estate business, contract samples, contract transfer, and procedures for transfer of real estate projects. . . Especially, the new decree also requires a charter capital of VND20 billion in minimum […]
New policies take effect since October
VGP – A series of activities on management of foreigners’ entry and exit, punishment on disclosure of false information, aviation authorities, registration of nationality and rights for aircraft, surveillance of activities in sea border areas, external information, assistance policy for poor households shall come into effect since October. . . Management of foreigners’ entry and exit Decree No. 64/2015/ND-CP dated […]
Overseas Vietnamese and families to enjoy visa exemption
From November 15, overseas Vietnamese and foreigners who are spouses or children of Vietnamese citizens or overseas Vietnamese will be exempted from visas when entering the country.Such is provided in Government Decree No. 82 dated September 24, which sets out requirements for the above-mentioned people to acquire visa exemption papers. . . Accordingly, they are […]
Draft law affirms citizens’ right of access to information
The Ministry of Justice is working on a draft law on access to information which is expected to help lay the legal ground for the exercise of one of fundamental rights of citizens enshrined in the Constitution. . . Information is defined in the 33-article draft as news, dossiers and documents in the forms of […]
New social insurance law offers more benefits to employees
Compared to the current Law on Social Insurance, the 2014 Law on Social Insurance (the Law) contains several new provisions focusing on such matters as social insurance participants, rights and responsibilities of employees, employers and social insurance agencies, and social insurance regimes and social insurance funds.The Law, which has 125 articles arranged in nine chapters, […]
Time limit for enterprise registration shortened
From November 1, the time limit for grant of an enterprise registration certificate will be shortened to three working days after a business registration office receives a complete and valid dossier, instead of five days as at present. . . This is amongst the new regulations set out in Government Decree No. 78 dated September […]
Conditions for projects to get public investment funds
In a move to help project owners get access to public investment funds, the Government on September 10 issued Decree No. 77/2015/ND-CP, prescribing medium-term and annual public investment plans. . . The new regulation lays down specific conditions for programs and projects to be allocated funds under annual public investment plans.The first condition is that […]
Draft decree specifies resolution of disputes through commercial conciliation
Professional commercial conciliation might soon become a new and effective way for settling disputes, in addition to traditional ones like litigation and arbitration, if a draft decree recently unveiled by the Ministry of Justice is approved.Under the 38-article draft, commercial conciliation may be applied to settle all disputes arising from commercial activities, disputes to which […]