Archive for September 19th, 2005
Hanoi to draft decree to allow Viet Kieu to invest in real estate
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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