EVN purse strings tightened
(Sep 01, 2014)
The Prime Minister has issued Decree 82/2014/ND-CP on the financial management of Vietnam Electricity (EVN).
The Ministry of Information and Communications has issued a new circular
specifying new regulations on the management, provision and use of
information on news aggregation websites and social networks.
Resolution No 01/2014/NQ-HDTP (the "Resolution") issued by the Judge
Council of the Supreme People's Court on March 20 guiding the
implementation of several provisions of Law on Arbitration No
54/2010/QH12 (the "Arbitration Law") has broadened the court's
competence over arbitration activities in resolving disputes.
Though the Law on Competition took effect in 2005, only a small number
of enterprises understand its provisions, a seminar heard yesterday in
Government Decree No75/2014/ND-CP (28 July 2014) has been issued to
regulate the recruitment and management of Vietnamese employees working
for foreign organisations and individuals in Viet Nam (foreigners).
Fishermen can get subsidised loans at 1-3 per cent interest for buying
boats under a Government credit programme for which State Bank of Viet
Nam has issued a draft circular.
The Ministry of Finance (MoF) has proposed a draft decree allowing Vietnamese people to gamble in casinos.
Capital contribution made fully and punctually when establishing a
limited-liability company will help its members or company owner avoid
consequences, such as financial penalties and requirement to change
business registration content or charter capital.
Foreign direct investment (FDI) enterprises and foreign investors can now open direct investment capital accounts in Vietnamese dong from September 25, besides accounts in foreign currencies.
Foreign-exchange activities by residents and non-residents have been
guided under Government Decree No70/2014/ND-CP (July 17, 2014).
To encourage the development of the software industry, the Vietnamese
Government offers special incentives on corporate income tax (CIT) for
enterprises in this industry, such as preferential tax rates, CIT
exemption and a reduction period: