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, […]
One more subject may not establish an enterprise in Vietnam
This is a new content adopted by the National Assembly in the Law on Enterprises No. 59/2020/QH14 dated June 17, 2020. Specifically, to supplement a subject who may not establish and manage an enterprise in Vietnam: an organization being commercial legal person prohibited from doing business in certain areas or prohibited from operating in certain […]
To invest in the PPP form in 5 sectors from 2021
On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including: transport; transmission lines, power plants, except for hydroelectric plants and other cases of State monopoly as prescribed in the Law on Electricity; irrigation system, clean water supply […]
To reduce 50% of charges for verification of documents related to a Vietnamese working abroad
On June 12, 2020, the Ministry of Finance issues the Circular No. 54/2020/TT-BTC on prescribing the rates and the remittance of charges for verification of papers and documents at the request of domestic organizations and individuals, the rates and the remittance of fees for grant of licenses for sending workers abroad for a definite time. […]
To invest in the PPP form in 5 sectors from 2021
On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of a Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including transport; transmission lines, power plants, except for hydroelectric plants and other cases of State monopoly as prescribed in the Law on Electricity; irrigation system, clean water […]
Support for job change training expenses for victims of occupational accidents
On July 28, 2020, the Government issues the Decree No. 88/2020/ND-CP on detailing and guiding the implementation of a number of articles of the Law on Occupational Safety and Health regarding compulsory occupational accident and disease insurance. Accordingly, an employer may receive support for expenses of job change training for employees if the employee fully […]
Not to grant temporary residence certification to foreigners entering Vietnam through automated control gates
This content is prescribed by the Government in the Decree No. 75/2020/ND-CP dated July 01, 2020 on detailing a number of articles of the Law on amending and supplementing a number of articles of the Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam. In accordance with this Decree, immigration control […]