New regulations on employee sickness, maternity take effect
(Feb 03, 2016)
Circular No. 59/2015/TT-BLDTBXH, dated December 29, 2015, details and
provides guidance on the implementation of provisions of the Social
Insurance Law on Compulsory Social Insurance, which contains numerous
new regulations regarding sickness and the maternity regime.
Investors are obliged to implement a regime of
investment supervision and evaluation and report to the competent
investment authorities, while implementing projects in Viet Nam.
Specific forms for business registration have recently been introduced
in Circular 20/2015/TT-BKHDT (Circular 20) to be applied consistently
across the nation.
According the Viet Nam Law on Enterprises, the four common types of
business entities at present are private enterprises, partnerships,
joint stock companies and multi-member and single-member limited
The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN
on providing foreign currency loans by credit institutions and foreign
bank branches to residents.
Enterprises circulating imported goods in the market should heed the
important regulations on invoices, documents, such as their types and
time limits of production, and the handling of relevant violations.
The concept of social enterprise first appeared in the United Kingdom
about four centuries ago, before spreading to other countries. However,
it continues to be a new idea in Viet Nam even today.
Decision No 959/QD-BHXH promulgated on September 9, 2015, provides
detailed regulations concerning the subjects, pay rate and salary paid
for insurance policies of employees of enterprises in Viet Nam.
The 60-day deferral of Value Added Tax (VAT) payments on importation and
VAT refunds are the tax incentives Viet Nam applies to investment
projects facing objective financial problems.
Adjustment of par value of shares, acquisition, recovery and conversion
of bonds, stock issuance are the circumstances under which joint stock
companies are permitted to increase or decrease their charter capital.
Foreign investors who buy shares in or contribute capital to economic organisations won't have to deal with procedures involved in investment certification, according to a new decree.