Reviewed Circular 13 eases credit requirements
28/09/2010
The State Bank of Viet Nam has maintained a capital adequacy ratio (CAR) of 9 per cent - from 8 per cent - in its review of Circular 13. But it eased the requirements for deposits and lending.
NA lawmakers to fine-tune eight bills
27/09/2010
Lawmakers will be putting the final touches to eight bills during the 35th working session of the National Assembly Standing Committee, which begins today.
The new circular on residential house regulation
23/09/2010
On 1st September 2010, the Ministry of Construction issued Circular No. 16/2010/TT-BXD providing detailed guidelines for the implementation of Decree 71/2010/ND-CP dated June 23, 2010 of the Government regarding house ownership, housing development, management of use of houses, house-related transactions and state management of houses.
Lawmakers debate drafts on budget, land use fees
15/09/2010
The National Assembly Standing Committee opened its 34th plenary session yesterday, Sept 13, with discussions of the State budget for 2011-15 and the passage of a resolution on agricultural land-use fee exemptions.
32 administrative procedures are no longer effective in Ho Chi Minh City
10/09/2010
Ho Chi Minh City Peope’s Committee has just decided to abrogate some unsuitable administrative procedures applied in People’s Committees at District, Commune and Ward levels in the fields of land and water resources, labour- salary- wage, employment, health insurance, children care and protection.
New guidance of the Law on Import-Export Tax
06/09/2010
11 cases eligible for import-export taxes refund, 20 cases for tax exemption and 2 cases for consideration of tax exemptions are new remarkable points of the newly issued Decree No. 87/2010/ND-CP dated 13 August 2010 detailing a number of articles of the Law on Import, Export Taxes, replacing the Decree No. 149/2005/ND-CP dated 8 Dec 2005.
Law boosts effectiveness of arbitration
06/09/2010
The National Assembly passed the Law on Commercial Arbitration (Law 2010) in June, replacing the 2003 Ordinance on Commercial Arbitration. Notable new points embodied in Law 2010 are:
New regulations on sanctioning administrative violations in social insurance sector
31/08/2010
On 13 August 2010, the Government issued Decree No. 86/2010/ND-CP replacing Decree No. 135/2007/ND-CP dated 16 August 2007 on sanctioning administrative violations in social insurance sector. Accordingly, employers who did not pay social insurance for eligible employees and unemployment insurance shall be fined from 1 to 30 million VND, subject to the level of violation. In addition, they are forced to pay such unpaid amount plus interest therefrom at the rate applied to investment activities of Social Insurance Fund within 30 days from the date of receiving the sanction decision.
New regulations on sanctioning administrative violations in securities and securities market
27/08/2010
On 02 August 2010, the Government issued Decree No. 85/2010/ND-CP on sanctioning administrative violations in securities and securities market, replacing Decree No. 36/2007/ND-CP. Decree 85 aims to resolve difficulties in sanctioning administrative violations in securities and securities market. It also adds new violation activities discovered during the operation and development of the securities market and increase penalty levels to almost all of violation acts.
Pricing of construction contracts
17/08/2010
On 29 July 2010 the Ministry of Construction issued Circular No. 08/2010/TT-BXD guiding price adjustment methods regarding construction contracts for projects funded with 30 per cent of the capital provided by the state.
New law promotes arbitration to solve trade disputes
16/08/2010
The Law on Commercial Arbitration Law recently passed by the National Assembly will provide an important legal foundation for businesses to minimise the risks of disputes, said the head of the Vietnam Chamber of Commerce and Industry's legal department, Tran Huu Huynh.