Want to be in the loop?
subscribe to
our notification
Business News
NEW POLICIES TAKE EFFECT IN JANUARY
Decree No. 108/2015/ND-CP dated October 28, 2015 of the Government on detailed implementation of a number of Articles of the Law on Special Consumption Tax and the amended Law on Special Consumption Tax will come into effect since January 1, 2016.
The Decree stipulates the scope of adjustment, taxable objects, non-taxable objects, tax refund, tax rates, tax reduction and tax refund.
Decree No. 111/2015/ND-CP dated November 3, 2015 of the Government on the development of support industries covers a series of preferential policies applicable from research and development to technology transfer and production stages.
The Government also issued a list of prioritized auxiliary industry products such as garment, footwear, electronics, automobile production, manufacturing and high technology.
Decree No 115/2015/ND-CP dated November 11, 2015 of the Government guiding the implementation of some articles of the Social Insurance Law 2014 defines maternity regime, female employees as surrogate mothers, pension, survivorship allowance and social insurance fund.
Decree No. 117/2015/ND-CP dated November 12,2015 on establishment, management and use of housing and real estate market information system was issued to build unified database in this area to serve state management and social demand.
Decree No. 122/2015/ND-CP dated November 14 on region-based minimum wages for employees working for companies, cooperative unions, cooperatives, cooperative groups, farms, households, individuals and organizations hiring employees under labor contracts stipulates that the region-based minimum wages shall be increased from VND2.4 million to VND3.5 million per month from January 1, 2016.
Decree No. 123/2015/ND-CP dated November 15, 2015 details and provides measures to implement, the Law on Civil Status.
The Decree covers regulations on submission of required papers for registration of birth, marriage and death
Decision No. 59/2015/QD-TTg dated on November 19, 2015 on multidimensional approach to poverty for the period 2016-2020 will take effect from January 5, 216.
The Decision aims to fix the shortcomings of the income-based poverty measurement method.
Source: VGP
Related News
MPI TO AMEND DECREE 35 ON THE IMPLEMENTATION OF PPP REGULATIONS
Deputy Prime Minister Tran Hong Ha has permitted the Ministry of Planning and Investment (MPI) to draft amendments and supplements to Decree No.35/2021/ND-CP, which provide guidance for the implementation of the Law on Public-Private Partnership Investment.
BA RIA-VUNG TAU PROVINCE RANKS FIRST IN FOREIGN INVESTMENT CAPITAL
Statistics published by the Foreign Investment Agency under the Ministry of Planning and Investment showed that between January and April, Ba Ria-Vung Tau lured $1.52 billion in overseas funding, equalling 16.4 per cent of the total foreign investment in the whole country.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN THE APRIL AND FOUR MONTHS OF 2024
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
KEY DRIVER GAINS A MUST FOR GROWTH
Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.According to the World Bank’s biannual economic update report released last week, it is expected that the Vietnamese economy may grow by 5.5 per cent this year and 6 per cent next year, making it among top growth leaders in the world.
TEXTILE AND GARMENT BUSINESSES FACE DIFFICULTIES DUE TO LACK OF DOMESTIC SUPPLY
Infrastructure for weaving, dyeing and fabric production is still limited, and there is no spatial planning for development and centralised wastewater treatment, said Nguyễn Thị Tuyết Mai, Deputy General Secretary of the Việt Nam Textile and Apparel Association (Vitas).
ADDED VALUE OF INDUSTRIAL SECTOR UP 6.18 PER CENT IN Q1
Vietnam’s industrial sector posted significant growth in the first quarter of 2024, of an estimated 6.18 per cent compared to the first quarter of 2023. In particular, manufacturing and processing saw robust growth of 6.98 per cent.