Circular No. 28/2012/TT-NHNN dated October 10, 2012 of the State Bank promulgates regulations on bank guaranty applicable to credit institutions and branches of foreign banks.
In respect of scope of guaranty, Circular specifies the following obligations that can be guaranted in whole or in part:
Two following Lists issued in conjunction with this Circular:
Compared with Circular Continue reading “Circular No. 04/2010/TT-BXD of the Ministry of Construction dated 20 September 2012 providing guideline on export of minerals used as construction materials”
The Government issued Decree No. 64/2012/ND-CP dated 04 September 2012 on the construction permits.
Accordingly, the construction permit includes three types: new construction; renew and renovation; relocation works. Buildings and individual houses shall be obtained construction permit if they meet the following conditions: In accordance with the construction plan, the purpose of land use, investment Continue reading “New provisions on construction permits”
Circular 04/2012/TT-BKHDT dated 13 August 2012 of the Ministry of Planning and Investment promulgating the list of machinery, equipment, replacement accessories, specialized transport vehicles, raw materials, supplies, Continue reading “New list of goods produced domestically”
The Ministry of Finance issues Circular No. 133/2012/TT-BTC dated 13 August 2012 guiding the collection and management of licencing fee for setting up resident representative offices of foreign traders in Vietnam. This Circular takes effect as from 01 October 2012 and repalce Circular No. 73/1999/TT-BTC dated 14 June 1999 of the Ministry of Finance guiding Continue reading “Regulation on the collection and management of licencing fee for setting up resident representative offices of foreign traders in Vietnam.”
Decree No. 60/2012/ND-CP of the Government, issued on 30 July 2012 detailing the implementation of Resolution No. 29/2012/QH13 dated 21 June 2012 of the National Assembly on issuance of tax policy in order to solve problems for organizations and individuals. Decree takes effect from the date of 20 September 2012.
Accordingly, small and medium enterprises Continue reading “Issuance of tax policy in order to solve problems for organizations and individuals”
Circular No. 01/2012/TT-BXD of the Ministry of Construction dated May 08, 2012, guidance on contractual licensing procedures and management of foreign contractors operating construction in Vietnam. This Circular will take effect on June 26, 2012.
Accordingly, foreign contractors in the following cases shall not be considered for construction contractual license:
– No Vietnamese subcontractor involved Continue reading “Regulations on contractual licensing procedures and management of foreign contractors operating construction in Vietnam”
Circular No. 14/2012/TT-NHNN, dated May 04, 2012 on providing for maximum interest rate applicable for short term loans in Vietnamese dong of credit institutions, foreign bank’s branches to borrowers for meeting demands of capital for several economic industries and sectors. This Circular will effect on May 08, 2012.
Accordingly, maximum interest rate of short term Continue reading “15% Interest rate applicable for some of short term loans in VND”
The State Bank of Vietnam (SBV) issued Decision No. 857/QD-NHNN, on short term loan s in foreign currency to resident borrowers by credit institutions and branches of foreign banks. The Decision will effect from May 2 to December 31, 2012.
Accordingly, the credit institutions licensed to conduct foreign exchange for consideration and decision for short-term Continue reading “Allow short-term loans in foreign currency”
The Government has issued the Resolution No. 13/NQ-CP dated May 10, 2012 on a number of measures to support troubled enterprises and boost the local market.
The measures include the extension of value-added and corporate tax payment, reduction of land lease fees, exemption of business rates for fish-catching and salt production households in 2012.
