Electronic gaming for foreigners
(Mar 05, 2014)
The Ministry of Finance ("MOF") issued Circular No 11/2014/TT-BTC
(January 17, 2014) providing guidelines on electronic gaming for
Contract employees and foreigners authorised to work in Viet Nam would
be included in the Government's social insurance program, under a new
draft revision to the Law on Social Insurance, compiled by the Ministry
of of Labour, Invalid and Social Affairs.
The Ministry of Finance issued Circular No 21/2014/TT-BTC (February 14,
2014) promulgating regulations on the activities of the authorised
representative (Representative) of State capital invested in an
enterprise in which the State holds over 50 per cent of the charter
The Ministry of Finance issued Circular No
21/2014/TT-BTC (February 14, 2014) promulgating regulations on the activities
of the authorised representative (Representative) of State capital invested in
an enterprise in which the State holds over 50 per cent of the charter capital,
or an enterprise in which the State holds not more than 50 per cent of the
charter capital in the form of a joint-stock company or a limited liability
company with two or more members (Enterprise).
Vietnamese enterprises that don't function continually for a year risk
getting their registration licenses revoked, according to a draft Law on
Enterprises compiled by the Ministry of Planning and Investment.
The number of foreign laborers coming to Viet Nam has steadily increased
in recent years, surging to over 88,000 workers at the end of 2012. The
large majority of foreign workers that come to Vietnam are employees of
foreign contractors, working for, or establishing, foreign direct
investment (FDI) projects.
In London, prices for Robusta coffee have surged to their highest level
in five months thanks to a lack of selling from Viet Nam primarily due
to the Tet (Lunar New Year) holiday. Vietnamese farmers and exporters halted
their selling in part because of an expectation that they would be able
to take advantage of much higher prices after the end of the holiday.
Viet Nam's Moc Bai Economic Zone and Border Gate (hereinafter referred to
as "the Zone") is expected to become an international trade center in
the near future. The Zone will serve to promote cooperation and
development between Viet Nam and Cambodia, as well as the other countries
in the ASEAN region.
The government has issued guidelines for the purchase of shares in
Vietnamese credit institutions by foreign investors and their sale by
these institutions through Decree No 01/2014/ND-CP (January 3, 2014).
The Ministry of Finance has issued a circular to regulate the operation of electronic gambling businesses. The circular stipulates that businesses can
decide on the number of machines they operate, but cannot go over the
number indicated on their business certificates.
The Government has issued Decree No.222/2013/ND-CP (31 December 2013)
regulating payments in cash and the State management of payments in cash
in some specific types of transactions on Vietnamese territory.