http://www.intellasia.net/news/english/ Community News and Information Tue, 13 May 2008 08:59:03 PST en-us http://www.intellasia.net/news/articles/new_laws/111243524.shtml New laws The government office recently issued an official document on the implementation of the Official Note 612/CD-TTg. Fri, 09 May 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243524.shtml http://www.intellasia.net/news/articles/new_laws/111243525.shtml New laws The government office recently announced the prime minister’s conclusion on implementing measures to curb inflation, stabilise international payment balance and develop the stock market. Fri, 09 May 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243525.shtml http://www.intellasia.net/news/articles/new_laws/111243526.shtml New laws Pursuant to Official Letter No 2820/VPCP-KTTH, the prime minister allowed the finance ministry to release the decision on adjusting import tariff on used cars with below 16 seats. Fri, 09 May 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243526.shtml http://www.intellasia.net/news/articles/new_laws/111243527.shtml New laws The prime minister recently issued a decision approving the project to develop Vietnam’s border economic zones until 2020. Fri, 09 May 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243527.shtml http://www.intellasia.net/news/articles/new_laws/111243040.shtml New laws The Ministry of Finance recently gave VAT exemption on goods and services for exports sourced from non-tariff areas, goods and services exchange between individuals and enterprises locating non-tariff areas. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243040.shtml http://www.intellasia.net/news/articles/new_laws/111243034.shtml New laws State Bank of Vietnam (SBV) recently issued a circular guiding trading foreign exchange services in credit organisations. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243034.shtml http://www.intellasia.net/news/articles/new_laws/111243035.shtml New laws Vice finance minister Do Hoang Anh Tuan on April 21 signed a decision approving the increase in import tariff on new automobiles from 70% to 83%. The tariff level will be applied on customs declaration from today April 22. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243035.shtml http://www.intellasia.net/news/articles/new_laws/111243036.shtml New laws The Ministry of Finance has adjusted import and export duties on automobiles and certain other goods, effective immediately, in an effort to stabilise prices and ease the trade deficit. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243036.shtml http://www.intellasia.net/news/articles/new_laws/111243037.shtml New laws General Statistical Office reported that the dong depreciated by 45.6% in 2001-2007 and slid 9.19% in Jan-March 2008. But to date, the starting level subject to PIT has not yet been adjusted. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243037.shtml http://www.intellasia.net/news/articles/new_laws/111243038.shtml New laws Under the government office's official letter issued recently, the prime minister approved the proposal of the Ministry of Finance on advancing investment capital to urgent projects in 2008 from state budget. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243038.shtml http://www.intellasia.net/news/articles/new_laws/111243039.shtml New laws Under the current regulations, enterprises' tax code are still kept as transforming business model. However, according to general Taxation Office, private enterprises when transforming into another business model must register and use new tax code because they cannot meet the term that corporate asset must be independent with individuals' pursuant to the Civil Law. Sat, 26 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111243039.shtml http://www.intellasia.net/news/articles/new_laws/111242429.shtml New laws The Ministry of Finance is considering raising the import tax on automobiles to between 80% and 85%, from the current 70%, a ministry official said Wednesday. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242429.shtml http://www.intellasia.net/news/articles/new_laws/111242430.shtml New laws The Ministry of Finance is seeking relevant agencies’ approval on the draft decree guiding Law on Personal Income Tax (PIT) that will be enforced from January 1, 2009. The tax on earnings from securities and real estate business is hereafter: Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242430.shtml http://www.intellasia.net/news/articles/new_laws/111242431.shtml New laws Government Decree No 44/2008/ND-CP amends Decree No 198 of 2004 on collection of land use rentals and fees. Under the new decree, such rentals and fees shall be reduced 50% for projects in listed special investment promotion sectors and located in areas with difficult socio-economic conditions. These costs shall be reduced 20-30% for projects either falling within the list of investment promotion sectors or located in areas with difficult socio-economic conditions. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242431.shtml http://www.intellasia.net/news/articles/new_laws/111242432.shtml New laws Under government Decree No 40/2008/ND-CP of April 7, any company that wishes to produce, do business in, or import liquor must be licensed. Before importation of any product, a test on a sample must be conducted by authorities. Existing companies producing and trading in liquor are required to get relevant licences within six months of the effective date of the decree, which also sets forth detailed conditions and requirements for issuance of licences. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242432.shtml http://www.intellasia.net/news/articles/new_laws/111242433.shtml New laws The finance ministry on April 15 issued the new import tariff on used cars, accordingly below 5-seat used cars with the capacity of 1,000cc is imposed the import tariff of US$3,000 each, 1,000cc-1,500cc at US$7,000 a car, 1,500cc-2,000cc at US$9,000 each, 2,000cc-2,500cc at US$13,500 each and 2,500cc-3,000cc at US$15,000 a car. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242433.shtml http://www.intellasia.net/news/articles/new_laws/111242434.shtml New laws The State Bank of Vietnam (SBV)’s governor on April 10 issued a Decision No 09/2008/QD-NHNN to reduce foreign currency lending due to three main reasons including the strongly increasing demand of borrowing foreign currency from 2007 to date, trade deficit and the interest rate difference between dong and US dollar. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242434.shtml http://www.intellasia.net/news/articles/new_laws/111242435.shtml New laws If the draft Law on Deposit Insurance is approved by the year end, credit institutions that filed bankruptcy can receive a financial support through variety methods. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242435.shtml http://www.intellasia.net/news/articles/new_laws/111242436.shtml New laws All securities companies will have to separate their management right from investors’ money of securities transactions from October 1, 2008. This is the State Securities Commission’s requirement on brokers for equality in transaction. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242436.shtml http://www.intellasia.net/news/articles/new_laws/111242437.shtml New laws The State Bank of Vietnam recently issued a circular ruling that small sized financial institutions (PAR) must ensure nine terms to grant license of establishment and operation. One of important terms is that PAR must have feasibility business plans within first three-years from being put into official operation. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242437.shtml http://www.intellasia.net/news/articles/new_laws/111242438.shtml New laws The Ministry of Finance recently issued a circular guiding the registration to practise taxation. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242438.shtml http://www.intellasia.net/news/articles/new_laws/111242439.shtml New laws The cement sector regulators recently proposed the prime minister to reduce import tariff on clinker down to 0% and on cement down to 10%. Fri, 18 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242439.shtml http://www.intellasia.net/news/articles/new_laws/111242157.shtml New laws Vietnam Food Association (VFA) on April 2 required rice exporters not yet to sign new contracts until June 2008 in order to ensure the food securities as well as stabilise domestic rice price. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242157.shtml http://www.intellasia.net/news/articles/new_laws/111242158.shtml New laws The prime minister recently issued an official letter guiding the strengthening of solutions to boost exports, curb trade deficit and ensure the pricing management of essential goods. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242158.shtml http://www.intellasia.net/news/articles/new_laws/111242159.shtml New laws The decree guiding the implementation of Law on PIT has been drafted already and is now under the seeking of opinion, accordingly taxable earnings from securities transfers will be subject to 29% of total earnings from each business. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242159.shtml http://www.intellasia.net/news/articles/new_laws/111242160.shtml New laws Prime minister recently approved the diplomatic relationship agreement between Vietnam and San Marino Republic—a European small country. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242160.shtml http://www.intellasia.net/news/articles/new_laws/111242161.shtml New laws On behalf of prime minister, deputy prime minister Pham Gia Khiem approved representatives of Ministry of Natural Resources and Environment to sign the memorandum of understanding on state management of Vietnam provincial environment project (VPEP) with Canada. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242161.shtml http://www.intellasia.net/news/articles/new_laws/111242162.shtml New laws The Ministry of Finance announced that it is completing the draft resolution of National Assembly on modifying and supplementing Clause 7 Law on Land-Use Right Transfer to seek people's opinion, in which the tax on the transfer will be 2%, a 50% reduction against the current level of 4%. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242162.shtml http://www.intellasia.net/news/articles/new_laws/111242163.shtml New laws The ministries of finance and culture, sports and tourism recently issued a joint circular guiding the spending and expenditure management for carrying out the national cultural programme in the phase of 2006-2010. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242163.shtml http://www.intellasia.net/news/articles/new_laws/111242164.shtml New laws The government recently issued a decree ruling on production and trading of wine and alcohol. Fri, 11 Apr 2008 07:00:00 PST http://www.intellasia.net/news/articles/new_laws/111242164.shtml