Archive for December 16th, 2005
Customs law set for January
The Minister of Finance Nguyen Sinh Hung has directed head of the General Department of Customs, General Department of Taxation to quickly implement the Customs Law and [...]
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Labour ministry suggests FIEs pay higher salaries
Ministry of Labour, Invalid and Social Affairs in December 8 issued an official letter encouraging foreign invested enterprises to pay more than the regulated minimum salary. [...]
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Interest rate support for poultry slaughters
On December 13, the prime minister promulgated a decision on financial support for poultry slaughtering and-processors under the control of the agriculture ministry or [...]
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PM extends 2001-2005 import export decision
The prime minister issued a decision to extend the valid date of the Decision 46/2001/QD-TTg dated April 4 2001 concerning the management of the goods import and export in [...]
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VAT payable on public construction works
Newly construction works used for public purposes that are funded buy people’s contribution and state support under 30% total value will not have to pay VAT. However, works [...]
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More products on ASEAN Integration System of Preference
According to the Ministry of Trade, the ASEAN Integration System of Preference is given to Vietnamese products included in the additional lists of Indonesia and the [...]
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Loan interest calculated at as cost of fixed asset
Under an official letter by the General Department of Taxation, if businesses buy fixed assets by using a bank loan, the monthly interest cost is calculated into the price of [...]
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Signatures for VAT
Under a letter by the General Department of Taxation, a business is allowed to deduct value added tax for invoices where the buyer is not the owner of a business and invoices [...]
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Depreciation provisional to profitability
Under an official letter by the General Department of Taxation, businesses are allowed to deduct the depreciation of fixed assets used in the manufacturing process including [...]
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VAT on advance payments
14/Dec/2005 Denco Consulting Company As stated by the General Department of Taxation, where an exporter receives via a bank a payment larger than the amount stated in the [...]
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Salary for director who holds board position
In case a business has two Board members and both of them are involved in conducting business activities as a Director and a Deputy Director. According to the GDT, wages paid [...]
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Multi-level marketing fees
The finance ministry has agreed with the proposal of the trade ministry concerning regulations on fees for licensing multi-grade goods trading. Accordingly, those businesses [...]
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Friendship foundation of Vietnamese American set up
The second conference of Friendship Foundation of Vietnamese Americans was held in California, the US at the end of November with the attendance of representatives from [...]
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Promise to pay free treatment for children below 6
The health department of southern provinces of Hau Giang and Vinh Long said that they would settle all the hospital fees from the health department of Can Tho city about [...]
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Lost foreign scuba divers rescued
Four foreign tourists who were swept away while on a diving tour Tuesday December 13 December 13 were rescued off Phu Quoc Island in southern Vietnam. The four were on a [...]
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