Business News

[10-03-2015] The Alert update on Circular No. 26/2015/TT-BTC, dated 27 February 2015 by the Ministry of Finance, providing detailed guidance on VAT and Tax administration under Decree 12/2015/ND-CP on the implementation of the Law 71/2014/QH13, and amending, supplementing a number of articles from the Circular 34/2014/TT-BTC on invoice for goods and services. This Circular is in effect from 1 January 2015.

[02-03-2015] The Government and the Prime Minister issued 10 decrees and three decisions, respectively, in January 2015:
 Decrees:

[03-03-2015] The Government issued Decree 12/2015/ND-CP on 12 February 2015 (“Decree 12”) providing guidance on the tax changes approved by the National Assembly under Law 71/2014/QH13 (please refer to ourNews Brief dated 26 November 2014). Decree 12 is effective from1 January 2015.

[06-02-2015]The Ministry of Finance (the “MoF”) issued Circular No. 200/2014/TT-BTC providing guidance on the Vietnamese Corporate Accounting System (“Circular 200”) on 22 December 2014, that replaces Decision No. 15/2006/QD-BTC (“Decision 15”) and Circular No. 244/2009/TT-BTC (“Circular 244”).

[02-02-2015] The Alert update on Decree No. 08/2015/NĐ-CP, dated 21 January 2015 by the Government, providing guidance on the Law on Customs No. 54/2014/QH13. The Decree shall take effect from 15 March 2015, replacing Decree No. 154/2005/NĐ-CP dated 15/12/2005 and other related regulations.

[14-01-2015]- Management of the deposit of the international travel enterprise
- Minimum safety limits and ratios for transactions performed by credit institutions and branches of foreign banks
- The entrustment operation and entrustment taking of credit institutions, foreign bank’s branches
- Foreign workers exempt from work permits
- The new laws on Tax, Real estate Trading, Housing, Organization of the People’s Court, Citizen Identification card, Social Insurance

[08-01-2015] Policies on increasing minimum wage, health insurance payment, personnel cuts, and plant quarantine have come into effect since January 2015. Regional minimum wage increases. The new Decree on monthly minimum wage for employees working for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers has been applied since January 1, 2015.

[08-01-2015] After a long time looking into those practical issues that the Vietnam banking system has been facing, on 20 November 2014, the State Bank of Vietnam (“the SBV”) issued Circular 36/2014/TT-NHNN (“Circular 36”) regulating prudential ratios for the operations of credit institutions (“CIs”) and foreign bank branches.