Archive for February 18th, 2005

Regulation on foreign representative offices

18-Feb-2005 Intellasia | 17/Feb/2005 Thoi Bao Kinh Te Vietnam page 2 | 5:31 PM

The government issued Decree 06/2005/ND-CP regulating the foundation and operation of representative offices of foreign cooperation and research organisations in Vietnam, [...]
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Decree on technology transfer issued

18-Feb-2005 Intellasia | 15/Feb/2005 Thanh Nien Online | 5:30 PM

The government issued Decree 11/2005/ND-CP regulating specifically technology transfer activities. Under the above decree, models of technology transfer include transferring [...]
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Temporarily SCT exemption for buses

18-Feb-2005 Intellasia | 15/Feb/2005 Thi Truong page 3 | 5:28 PM

Any less than 24 seat passenger buses are subject to the application of special consumption tax (SCT). However, under Official Letter 1412/TC-CST dated February 2, 2005 by [...]
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Revised duties on automotive components

18-Feb-2005 Intellasia | 04/Feb/2005 Dau Tu page 3 | 5:28 PM

Based on the instruction opinion of deputy prime minister, Nguyen Tan Dung, the Ministry of Finance will be authorised to revise to apply import duties to automobile [...]
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Regulations on valuating assets, goods and services

18-Feb-2005 Intellasia | 17/Feb/2005 Nong Thon Ngay Nay page 9 | 5:27 PM

The Ministry of Finance issued Decision 06/2005/QD-BTC regulating valuation of assets, goods and services. This regulation aims at unifying definition of assets, goods and [...]
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Binh Dinh offers tax breaks for new investors

18-Feb-2005 Intellasia | 16/Feb/2005 Nong Thon Ngay Nay page 2 | 5:27 PM

The Binh Dinh People’s Committee issued two stipulations on investment encouragement policies in the locality. Accordingly, every domestic or foreign investor that wants to [...]
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Previous levels of land use fees still applied

18-Feb-2005 Intellasia | 16/Feb/2005 Phap Luat Thanh Pho Ho Chi Minh page 2 | 5:26 PM

The General Department of Taxation (GDT) issued Official Letter 369TCT/TS dated January 26, 2005 stating that Decree 198/2004/ND-CP regulating the collection of land use fees [...]
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Penalties for breach of social insurance policies

18-Feb-2005 Intellasia | 17/Feb/2005 Phap Luat page 7 | 5:26 PM

The Ministry of Labour, War Invalids and Social Affairs issued Circular 12/2005/TT-BLDTBXH regulating the resettlement of administrative breaches against the Labour Law. [...]
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Import duties on refined petroleum products cut

18-Feb-2005 Intellasia | 14/Feb/2005 Hanoi Moi Online | 5:25 PM

The Ministry of Finance issued a decision amending and supplementing export and import duties from 15% down to 5% applied to refined petroleum products from February 6, 2005. [...]
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Penalties for data sector breaches

18-Feb-2005 Intellasia | 14/Feb/2005 An Ninh Thu Do page 3 | 5:24 PM

The government issued Decree 14/2005/ND-CP dated February 4, 2005, resettling administrative breaches in the data sector in replacement of Decree 93/1999/ND-CP dated [...]
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Extending deadline of presenting C/O form D

18-Feb-2005 Intellasia | 27/Jan/2005 Ministry of Trade | 5:24 PM

Previously, businesses are required to present certificates of origin (C/O) form D within four months since the C/O granting agency of the exporting country signed in the C/O [...]
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Goods imported from New Zealand not entitled to minimum price

18-Feb-2005 Intellasia | 06/May/2005 General Department of Customs | 5:23 PM

According to Official Letter 493/TCHQ-KTTT dated February 3, 2005 by the General Department of Customs, from May 6, 2004 goods imported from New Zealand will not be subject [...]
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No forced change to English-named businesses

18-Feb-2005 Intellasia | 17/Feb/2005 Thoi Bao Kinh Te Vietnam | 5:22 PM

Such commercial names as Co-op Mart, Citimart, Maximart, Fivimart, Intimex and others even proper names called by businessmen must not be renamed or interpreted into [...]
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Land use right not used for mortgage

18-Feb-2005 Intellasia | 03/Feb/2005 General Department of Taxation | 5:22 PM

Based on Official Letter 448 TCT/TS dated February 3, 2005 by the General Department of Taxation, businesses who are leased land by the state are allowed to make mortgage by [...]
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Preferential tax policies granted for construction businesses

18-Feb-2005 Intellasia | 16/Feb/2005 Phap Luat Thanh Pho Ho Chi Minh page 2 | 5:21 PM

Under Official Letter 349/TCT/PCCS dated January 25, 2005 by the general Department of Taxation (GDT), construction activity is also defined as material production activity. [...]
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