Failure to register franchising operations could attract sanctions
(Nov 19, 2014)
GlobalVue has ranked Viet Nam as one of the top 10 potential markets for franchise ventures in 2013.
Financial institutions have to report international online transactions
worth more than US$1,000, or the equivalent in other currencies, to the
State Bank of Viet Nam's (SBV) anti-money laundering department.
The Ministry of Education and Training (MOET) issued Circular No.
34/2014/TT-BGDDT (October 15, 2014) guiding foreign investment and
co-operation in education.
The Ministry of Finance is proposing the cutting of the export duty on
gold jewellery from 25 to 30 per cent to 0 to 2 per cent.
Both dissolution and bankruptcy lead to the termination of a
company's activities. However, their causes, settlement procedures and
legal consequences, as well as the resultant liabilities of the
proprietor are very different.
The Regional Comprehensive Economic Partnership, which is under
negotiation, will have a positive impact on Viet Nam's economy but
will create challenges as well.
If real estate is exchanged between July 1, 1994 and January 1, 2009, the people who use the property have to make a one-time personal income tax payment.
The capital city people's committee has expressed concern over slow
progress in the granting of land use rights and house ownership
certificates to residents.
The lastest draft of the amended law on special consumption tax has
apparently excluded online games from the list of goods and services to
The State Bank of Viet Nam (SBV) issued Circular 25/2014/TT-NHNN on 15
September 2014 containing guidelines for registering foreign loans that
are not guaranteed by the Government (hereinafter referred to as foreign
loans) as well as changes made to them.
Enterprises interested in providing online gaming services need to consider some important issues.