http://www.intellasia.net/news/english/ Asia's best news source Sat, 04 Jul 2009 09:04:45 PST en-us http://www.intellasia.net/news/articles/legal/111268691.shtml Legal News Ministry of Finance issued Circular No 133/2009/TT-BTC has cut down the preferential import tariff on the goods of Category 2710 whereby the import tariff on kerosene will be reduced from the current 35 percent to 30 percent. Fri, 03 Jul 2009 13:36:42 PST http://www.intellasia.net/news/articles/legal/111268691.shtml http://www.intellasia.net/news/articles/legal/111268522.shtml Legal News Foreign banks have expressed deep concern about a provision on credit limits in the draft amendments to the law on credit organisations. Total loans for a single client are capped at 15 percent of a bank's or a bank branch's equity capital, according to the draft law. And total loans for a customer and a related party must not exceed 25 percent a bank's or a bank branch's equity capital. Thu, 02 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111268522.shtml http://www.intellasia.net/news/articles/legal/111268345.shtml Legal News Foreign investors will no longer suffer confusion over capital contributions and share purchases in Vietnamese enterprises. Tue, 30 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111268345.shtml http://www.intellasia.net/news/articles/legal/111268147.shtml Legal News All state wholly owned enterprises will shift to operate under Law on Business from July 1, 2009, which is one of important contents concerned in the prime minister's Instruction No 854/CT-TTg regulating the pilot of state economic group mode and the transforming of SOEs into joint stock companies. Fri, 26 Jun 2009 10:37:40 PST http://www.intellasia.net/news/articles/legal/111268147.shtml http://www.intellasia.net/news/articles/legal/111268067.shtml Legal News Ministry of Finance has issued a guideline about extending the deadline for enterprises to pay value added tax on imported goods under the Decree No 85/2009/TT-BTC. Thu, 25 Jun 2009 12:14:44 PST http://www.intellasia.net/news/articles/legal/111268067.shtml http://www.intellasia.net/news/articles/legal/111267829.shtml Legal News Law makers last week voted' to allow more overseas Vietnamese to own houses in Vietnam. The National Assembly agreed with the government's proposal for an amendment to Article 126 in the Housing Law and Article 121 in the Land Law regarding overseas Vietnamese (Viet Kieu) ownership of houses and land use rights in Vietnam. Tue, 23 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111267829.shtml http://www.intellasia.net/news/articles/legal/111267830.shtml Legal News The Vietnam Association of Seafood Exporters and Producers (VASEP) wants the government to lower the import tariffs on raw seafood now that local production has been pared to the bone. Tue, 23 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111267830.shtml http://www.intellasia.net/news/articles/legal/111267816.shtml Legal News Foreign investors are allowed to exchange the profit from investment into foreign currencies and then transfer abroad. Mon, 22 Jun 2009 12:30:15 PST http://www.intellasia.net/news/articles/legal/111267816.shtml http://www.intellasia.net/news/articles/legal/111267802.shtml Legal News Pursuant to the amended Cinema Law that was passed by National Assembly on June 18, foreign individuals and institutions or Vietnamese overseas have the right to cooperate with Vietnamese film producers and publishers under business cooperation contracts or setting up joint ventures. Mon, 22 Jun 2009 10:24:13 PST http://www.intellasia.net/news/articles/legal/111267802.shtml http://www.intellasia.net/news/articles/legal/111267702.shtml Legal News The government's call for more personal income tax reductions in the second half of the year as part of a broader plan to stimulate the economy is seen coming to naught due to lack of support in the National Assembly Standing Committee. Sat, 20 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111267702.shtml http://www.intellasia.net/news/articles/legal/111267683.shtml Legal News Ministry of Finance has issued Circular No 121/2009/TT-BTC adjusting down the export tariff on apatite Category 2510 of the preferential import tariff band. Fri, 19 Jun 2009 13:34:55 PST http://www.intellasia.net/news/articles/legal/111267683.shtml http://www.intellasia.net/news/articles/legal/111267586.shtml Legal News Ministry of Construction issued Circular No 10 guiding the management of social housing projects for students, workers in industrial zones and housing for low income earners. Thu, 18 Jun 2009 13:37:54 PST http://www.intellasia.net/news/articles/legal/111267586.shtml http://www.intellasia.net/news/articles/legal/111267040.shtml Legal News Ministry of Industry and Trade and Ministry of Finance announced to allow the fuel providers to increase the prices applied for all petroleum products, starting from 10:00 AM of June 10. Thu, 11 Jun 2009 11:34:17 PST http://www.intellasia.net/news/articles/legal/111267040.shtml http://www.intellasia.net/news/articles/legal/111266851.shtml Legal News The Vietnam government is to stop issuing business registration licenses for the establishment of new airlines as issued by the Ministry of Transportation. Tue, 09 Jun 2009 13:11:49 PST http://www.intellasia.net/news/articles/legal/111266851.shtml http://www.intellasia.net/news/articles/legal/111266839.shtml Legal News Vietnam Chamber of Commerce and Industry (VCCI) in HCM City last Friday held a press meeting to introduce Asean - Australia - New Zealand Free Trade Agreement (AANZFTA). Tue, 09 Jun 2009 12:11:15 PST http://www.intellasia.net/news/articles/legal/111266839.shtml http://www.intellasia.net/news/articles/legal/111266757.shtml Legal News The government has issued requirements and procedures on house purchases by foreigners in Vietnam. Mon, 08 Jun 2009 11:48:54 PST http://www.intellasia.net/news/articles/legal/111266757.shtml http://www.intellasia.net/news/articles/legal/111266592.shtml Legal News Cloth, construction material, printer, steel and cast iron, gemstone, aircraft engine and hundreds of other commodity groups imported from Japan will enjoy the preferential duty of 0 percent till the end of March 2012. Fri, 05 Jun 2009 12:20:05 PST http://www.intellasia.net/news/articles/legal/111266592.shtml http://www.intellasia.net/news/articles/legal/111266485.shtml Legal News The services of airline, shipping, cargo loading and transportation contracts on international routes will be levied with VAT exemption instead of the current 5-10 percent as from this July, according to a decision signed by Ministry of Finance. Thu, 04 Jun 2009 12:32:50 PST http://www.intellasia.net/news/articles/legal/111266485.shtml http://www.intellasia.net/news/articles/legal/111266455.shtml Legal News The Philippines is determined to end decades-old conflict in the restive south and wants a "true" ceasefire with Muslim rebels to move the peace process forward, the interior secretary said yesterday. Thu, 04 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/legal/111266455.shtml http://www.intellasia.net/news/articles/legal/111266393.shtml Legal News The trade and industry ministry's newly-issued circular regulating some articles of Decree 107/2008/ND-CP on administrative fines for speculation, excessive increase of prices, report of false information, trafficking and trade fraud will become effective from July 3. Wed, 03 Jun 2009 14:00:15 PST http://www.intellasia.net/news/articles/legal/111266393.shtml