04 TIPS ON INVESTMENT AND CONSTRUCTION MANAGEMENT OF PROJECTS WITH CONDOTEL AND/OR OFFICETEL APARTMENTS
The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD regarding the investment and construction management of projects with condotel (a hybrid of condominimum and hotel), officetel (a hybrid of office and hotel) apartments, resort villas or shophouses. According to this document, in order to continue to improve the effectiveness and efficiency of the […]
VIETNAM’S SPECIAL PREFERENTIAL IMPORT TARIFF DURING 2020 – 2022
On September 18, 2020, the Government issues the Decree No. 111/2020/ND-CP on the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam for the implementation of the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union in the 2020 – 2022 period. Accordingly, to be eligible for the special preferential […]
CHARGE COLLECTOR MAY RETAIN 50% OF THE COLLECTED CHARGE AMOUNT TO SERVE ITS OPERATION
On May 04, 2020, the Ministry of Finance promulgates the Circular No. 31/2020/TT-BTC on amending and supplementing a number of Articles of the Circular No. 263/2016/TT-BTC dated November 14, 2016 of the Minister of Finance on providing for rate, collection, remittance, management and use of industrial property fees and charges. Accordingly, the charge collector may […]
An e-order slip must have order-placing device identification information
On August 8, 2020, The Ministry of Finance issues the Circular No.73/2020/TT-BTC on amending, supplementing a number of articles of the CircularNo. 134/2017/TT-BTC dated December 19, 2017 of the Minister of Finance, onguiding e-transactions in the securities market. Accordingly, to add the following term: Trading time means the time wheninvestors log in to the online […]
A certificate of origin of a goods is valid for 01 year
On April 08, 2020, the Ministry of Industry and Trade issues the Circular No. 08/2020/TT-BCT on providing the rules of origin under the Vietnam – Cuba Trade Agreement. Accordingly, a Certificate of origin (C/O) shall be granted within 03 days from the date of exporting and shall be valid for 01 year from the date […]
To exempt from power activity license for rooftop solar power systems
On July 17, 2020, the Ministry of Industry and Trade issues the Circular No. 18/2020/TT-BCT on prescribing the development of solar power projects and model electricity purchase and sale contracts applicable to solar power projects. Accordingly, the output of part of the project or the whole project to be commercially operated before January 01, 2021 […]
Project owner may be authorized to appraise construction survey cost estimates
This is a new content in the Circular No. 02/2020/TT-BXD dated July 20, 2020 of the Ministry of Construction amending and supplementing a number of articles of 4 Circulars concerning management of construction investment costs. According to regulations on the competence to appraise and approve construction cost estimates: For turnkey bidding packages and mixed bidding […]
THE MAXIMUM RATIO OF SHORT-TERM CAPITAL SOURCES BY THE END OF SEPTEMBER 30, 2021 OF FOREIGN BANK IS 40%
The State Bank of Vietnam promulgates the Circular No. 08/2020/TT-NHNN on amending and supplementing a number of articles of the Circular No. 22/2019/TT-NHNN dated November 15, 2019 by the Governor of the State Bank of Vietnam on prescribing limits and prudential ratios in operations of banks and foreign bank branches on August 14, 2020. In […]
THE MAXIMUM INTEREST OF CALL RATE APPLICABLE TO VND DEPOSITS IS 6.0%/YEAR
On May 12, 2020, the State Bank of Vietnam issues the Decision No. 920/QD-NHNN on maximum interest of call rate applicable to VND deposits at credit institutions, foreign bank branches for borrowers to meet the capital demand in service of a number of economic sectors and industries as prescribed in the Circular No. 39/2016/TT-NHNN dated […]
International travel documents shall be revoked in 03 cases
On July 01, 2020, the Government issues the Decree No. 76/2020/ND-CP, prescribing in detail subjects eligible for the grant, and the order, procedures of and competence for issuance, revocation and invalidation of international travel documents. Specifically, cases in which an international travel document is revoked or invalidated are prescribed as follows: The international travel document, […]