Circular outlines IT spending criteria
(Apr 16, 2014)
The Ministry of Information and Communications
(MIC) has issued Circular No. 01/2014/TT-BTTTT (February 20, 2014) that
provides the criteria and list of domestic information technology (IT)
products and services eligible for priority in investment and
procurement using the state budget funds or funds originating in the
The total credit limit granted to founding shareholders, major
shareholders, family members and related parties must not exceed 5 per
cent of the charter capital of a credit institution.
The amended Law on Investment will have regulations for the strict
management of projects with large amounts of registered capital,
according to Deputy Minister of Planning and Investment Nguyen Chi Dung.
A trade secret is highly confidential and sensitive information
entrusted only to a select group of individuals within a company.
Vietnamese and foreign individuals have been banned from carrying gold
bars and gold raw materials when leaving or entering Viet Nam from May
The Ministry of Labour, War Invalids and Social Affairs (MOLISA) issued a
circular (No. 03/2014/TT-BLDTBXH dated 20 January 2014) containing
implementation guidelines for a Government Decree (No. 102/2013/ND-CP)
that deals with foreigners working in the country.
Circular 05/2014/TT-NHNN (12 March 2014) issued by the State Bank of
Viet Nam (SBV) contains guidelines on opening and using indirect
investment capital accounts for implementing foreign indirect investment
activities in Viet Nam.
On 17 February, 2014, the Ministry of Finance issued Circular No
25/2014/TT-BTC outlining the common methods for determining the prices
of goods and services ("Circular 25").
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