Legal basis for administrative procedures
Administrative procedures are set forth in a number of regulations, with Government Resolution No 38/CP of 1994 and Prime Minister's Decision No 136/2001/QD-TTg of September 17, 2001 providing the foundational documents for the nation's programme of administrative reforms between 2001 and 2010.
Ministry adopts 10-year tax reform plan
Viet Nam successfully realized a ten-year tax reform programme ending in 2010, putting in place a tax system that meets the requirements of a market economy and membership in the World Trade Organization (WTO).
State tax revenues during 2006-10 doubled those in the previous five-year period and represented 23 per cent of gross domestic product (GDP). The average annual growth rate of tax collections was 19.6 per cent during the period.
Project transfers may incur tax obligations
Mergers and acquisitions (M&A) transactions can be put roughly into two categories: share transfer or asset transfer. When the transaction is a share transfer, the acquirer becomes the target company's owner and assumes the target company's rights and obligations with respect to the shares acquired, including obligations incurred prior to the transfer.
Overseas Vietnamese given new property rights
Overseas Vietnamese living abroad who have maintained their Vietnamese citizenship are permitted to own unlimited property, according to the latest decree on implementation of the Land and Housing Law.
Decree creates database of trade names
Choosing a name is one of the most important steps in starting up a new business. When choosing a name, there are normally two main concerns: the meaning of the name and its availability for use. Since there are countless businesses in existence, it is a challenge to select a name which beneficially shapes the identity of a business while avoiding infringement of other trade names or trademarks.
You would think anyone who had to suffer this on their daily commute would try avoiding rush hour. But it is a perennial problem of public transport systems that, as they add passengers, travel patterns become more “peaky”—ever more concentrated around morning and evening office hours.
Rules aim to promote infrastructure investment
The Ministry of Planning and Investment estimates that between now and 2020, Viet Nam will need some US$150-160 billion for infrastructure development, while the State budget and official development assistance (ODA) will only be able to provide half of this amount.