VN employee management for foreigners
(Aug 20, 2014)
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).
Though the Law on Competition took effect in 2005, only a small number
of enterprises understand its provisions, a seminar heard yesterday in
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:
Though the new Land Law has not completely satisfied all involved
parties, it ensures more transparent and equitable treatment for land
users, property consultancy CBRE said in a report.
The Ministry of Construction issued Circular No 03/2014/TT-BXD (February
20, 2014) and Circular No 05/2014/TT-BXD (May 9, 2014) on calculation
of the area of an apartment and contributions to the fund for
operational management of the commonly owned area of an apartment
building based on the area of the apartment.
The Ha Noi Stock Exchange has issued a new regulation to guide the
management of certificate transactions of exchange-traded funds (ETFs),
paving the way for ETFs to list fund certificates on the exchange.