Archive for September 19th, 2005

Hanoi to draft decree to allow Viet Kieu to invest in real estate

19-Sep-2005 Intellasia | 12/Sep/2005 Communist Party of Vietnam | 3:42 PM

As of October, Hanoi will issue a regulation on transferring land to overseas Vietnamese to build houses for lease or sale, according to the municipal People’s Committee. [...]
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District-level people’s committee issue gas business certificates

19-Sep-2005 Intellasia | 06/Sep/2005 Hanoi People’s Committee | 3:41 PM

The Hanoi People’s Committee on September 6 issued Decision 136/2005/QD-UB authorising districts to issue certificates on being eligible to doing business in gas to [...]
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Building national programme on human resource development

19-Sep-2005 Intellasia | 12/Sep/2005 Hanoi Moi | 3:40 PM

The prime minister on September 9 signed Decision 221/2005/QD-TTg defining building the national programme on human resource development until 2020. Accordingly, this [...]
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Registering apparel quotas by deposits or bank guarantees

19-Sep-2005 Intellasia | 09/Aug/2005 Ministry of Trade and Ministry of Industry | 3:40 PM

Traders being allowed to take part in producing and exporting apparel products are applied quotas. In order to register quotas, traders can chose deposits or bank guarantees [...]
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Privatised SOEs still entitled to state loans as other SOEs

19-Sep-2005 Intellasia | 12/August/2005 State Bank of Vietnam | 3:39 PM

Under an official letter on September 1, state-owned enterprises that have already been equitised are still allowed to borrow loans from commercial banks, financial companies [...]
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VAT 10% applied for package construction contracts

19-Sep-2005 Intellasia | 05/Sep/2005 General Department of Taxation | 3:39 PM

Package construction, installation contracts, no matter whether equipment is included or not, are applied the value added tax (VAT) rate 10%. The VAT rate of installation [...]
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Identifying beers based on technical-economic data

19-Sep-2005 Intellasia | 08/Sep/2005 General Department of Taxation | 3:38 PM

The special consumption tax (SCT) rate is at present 75% for fresh beer and 30% for draught beer. In case of not registering brand names of products and having insufficient [...]
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Tax-deductions on advertising costs before full operation

19-Sep-2005 Intellasia | 12/Sep/2005 General Department of Taxation | 3:38 PM

Under an official letter on September 7, newly established businesses are allowed to calculate advertising costs before its operation (no more than three years) as [...]
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Non tax-deductible for deprecation of headquarters not belonging to businesses

19-Sep-2005 Intellasia | 12/Sep/2005 General Department of Taxation | 3:37 PM

Under an official letter on September 8, if repairing, refurbishing and upgrading offices or headquarters that do belong to the ownership right of businesses, these [...]
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No VAT for export goods based payment trust contracts

19-Sep-2005 Intellasia | 12/Sep/2005 General Department of Taxation | 3:37 PM

Exported goods and services are only entitled to input value added tax refunds when payments are conducted via banks. Therefore, under an official letter on September 7, [...]
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Foreigners allowed to deduct PIT paid in other countries

19-Sep-2005 Intellasia | 12/Sep/2005 General Department of Taxation | 3:36 PM

Foreigners residing in Vietnam only could be allowed to deduct personal income tax that were paid in other countries by them or their foreign companies until they show enough [...]
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Payment of site compensations included into payable rentals

19-Sep-2005 Intellasia | 12/Sep/2005 General Department of Taxation | 3:30 PM

Under an official letter on September 1, if businesses hired land of the state and have already paid site compensations and assist resettlement for local people, they will be [...]
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Transport construction works required saving 5% of estimation costs

19-Sep-2005 Intellasia | 14/Sep/2005 Nguoi Lao Dong | 3:29 PM

The Office of the Government on September 12 issued Announcement 170 regulating economical rates applicable for transport construction works appointed. Particularly, Ho Minh [...]
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Applying work permits for foreigners

19-Sep-2005 Intellasia | 05/Sep/2005 Ministry of Labour, War Invalids and Social Affairs | 3:28 PM

In case general directors, vice general directors, directors, vice directors being foreigners are not members of executive boards, they all are required to have work permit. [...]
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Copies of professional certificates attached in application documents for work permits

19-Sep-2005 Intellasia | 05/Sep/2005 Ministry of Labour, War Invalids and Social Affairs | 3:28 PM

Professional certificates of foreign workers in Vietnam are compulsorily attached in application documents for working licenses. These certificates may be graduate [...]
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