New law increases transparency
26/01/2011
The amended Law on Securities passed last year and taking effect this July 1 includes notable provisions which will help the nation's securities market develop more transparently and efficiently.
Experts discuss competition law
31/12/2010
HCM CITY — The Competition Law, which became effective in 2004, should contain more specific language about penalties and fines, experts said.
New requirements on occupational safety in executing consutruction works
22/12/2010
On December 3, the Ministry of Construction issued Circular No.22-2010-TT-BXD on occupational safety in executing construction works ("Circular 22"). Circular 22 provides in details requirements on ensuring safety during the execution of construction works and liabilities of the relevant parties.
New laws issued on elections, inspections and administration
20/12/2010
President Nguyen Minh Triet has signed into law the Law on National Assembly and People's Council Elections (revised); the Law on Inspection and the Law on Administrative Litigation and the Resolution on the implementation of Administrative Litigation.
Mining, civil service, consumer laws issued
20/12/2010
President Nguyen Minh Triet yesterday promulgated three new laws including the Law on Consumer Rights Protection, the amended Law on Minerals, and the Law on Public Officials and Civil Servants which were passed by the National Assembly during its 8th session.
New regulations on maintenance of construction works
20/12/2010
On 6 December 2010, the Government promulgated Decree No.114/2010/ND-CP on maintenance of construction works. Accordingly, where the construction works are put into operation the owners or their authorized representatives, the administrators, or the users shall be responsible for the maintenance works.
Income tax registration process simplified
08/12/2010
The Ministry of Finance issued Circular No 175/2010/TT-BTC on November 5, amending Circular No 84/2008/TT-BTC of September 2008 on registration for personal income taxes. Accordingly, an income tax registration dossier includes:
Reporting obligation of foreign invested companies
08/12/2010
Starting from 15 January 2011, State owned enterprises and foreign invested enterprises and projects must submit regular reports to the competent authorities of statistics and investment management. This is the new regulations promulgated by Decision No.77/2010/QD-TTg dated 30 November 2010 of the Prime Minister.
New rules on transfer of profits abroad
03/12/2010
The Ministry of Finance issued Decree No 186/2010/TT-BTC on November 18, providing guidelines on a foreign investor's transfer of profits abroad. The new decree takes effect in 45 days from the date it was promulgated and replaces Circular No 124/2004/TT-BTC of December 2004.
Decree clarifies charter capital rules
03/12/2010
The Government issued Decree No 102/2010/ND-CP on October 1, including regulations issued pursuant to the 2005 Law on Enterprises. Decree 102 replaces Decree No 139/2007/ND-CP of September 5, 2007 (Decree 139), getting rid of unreasonable provisions while clarifying confusing provisions on corporate governance.
Decree clarifies IP rights enforcement
22/11/2010
The Government issued Decree No 97/2010/ND-CP on September 21, establishing administrative sanctions for violations of industrial property rights, and part of an overall regulatory scheme promulgated under the Law on Intellectual Property of 2005 (recently amended in October 2009).
New rules set for unemployment insurance
22/11/2010
The Ministry of Labour, Invalids and Social Affairs has issued Circular No 32/2010/TT-BLDTBXH, detailing a number of provisions in Decree No 127/2008/ND-CP of December 12, 2008, on unemployment insurance.
Minimum wage to increase on January 1
22/11/2010
The Government issued Decree No 107/2010/ND-CP on October 29 setting the minimum wage for Vietnamese workers working in foreign-invested enterprises, foreign organizations, international organizations and foreigners in Viet Nam.
Assembly eyes laws on independent audit
17/11/2010
The majority of National Assembly deputies last Saturday advocated for the need to issue the Independent Audit Law in order to build a comprehensive legal framework of auditing services and enhance the efficiency of State management.