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Licensing fees for foreign financial institutions rise

Licensing fees for foreign financial institutions rise

A new fee schedule will apply for the granting of licenses to foreign financial institutions in Vietnam from January 1, 2017. 


New regs issued on debt and asset trade

The Ministry of Finance has issued a directive on the financial management of the Debt and Asset Trading Corporation (DATC), which will be enforced on November 1, 2016.


Circular on electronic certificate of origin issued

The industry and trade ministry has enforced Circular No. 22/2016/TT-BCT, which pertains to the use of electronic certificate of origin (C/O) under the ASEAN Trade in Goods Agreeme [ … ]


The Commerce Act: how to comply

According to the Commerce Act 2005, although goods have been delivered to and are paid by the agents, goods’ owners are still the principals. The principals should, therefore, specify severa [ … ]


Understanding new Civil Code essential

The 2015 Civil Code, which will take effect January 1st, 2017, discusses risks that enterprises should take into consideration when creating contracts for the sale of goods, machinery, equip [ … ]


Zero export tax doesn’t satisfy gold jewellery makers

Gold jewellery and other gold articles with less than 95 per cent gold content enjoy zero export duty rates from September 1, under Decree No 122/2016/NĐ-CP.


Rules for insurance businesses in Việt Nam

The Government has issued Decree No 73/2016/NĐ-CP on July 1, 2016 detailing the implementation of the Law on Insurance Business. The Decree regulates the establishment and operation of life [ … ]


Two foreign subjects exempted from personal income tax

Foreign experts in non-governmental aid programs and projects and Vietnamese working at representative offices of the United Nations system in Vietnam enjoy personal income tax (PIT) exempti [ … ]


Circular issued to stipulate number of apartments owned by foreigners

The Ministry of Construction has issued Circular No.19/2016/TT-BXD guiding the implementation of the Housing Law and Decree No. 99/2015/ND-CP dated October 20, 2015 of the Government guiding [ … ]


New criteria for evaluating advanced technology firms

The existing 2014 Investment Law and Decision No 19/2015/QD-TTg have adjusted the content of Article 18 of the Law on High Technology No 21/2008/QH12, concerning the criteria used to evaluat [ … ]


Circular on start-ups, venture capital coming

The Ministry of Planning and Investment was drafting a circular on a venture capital funds to create a legal framework for promoting start-ups and making Viet Nam a start-up nation.


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