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Ministry cuts tariff on kerosene 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. 3 Jul, 2009 - 1:36:42 PM Foreign institutions concerned about draft bank law 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. 2 Jul, 2009 - 7:00:00 AM Foreign eyes to now enjoy 20/20 vision Foreign investors will no longer suffer confusion over capital contributions and share purchases in Vietnamese enterprises. 30 Jun, 2009 - 7:00:00 AM State owned enterprises to operate under Law on Business 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. 26 Jun, 2009 - 10:37:40 AM VAT extension for importers 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. 25 Jun, 2009 - 12:14:44 PM Viet Kieu to unlock doors to homes 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. 23 Jun, 2009 - 7:00:00 AM Vietnam government asked to cut import tax on raw seafood 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. 23 Jun, 2009 - 7:00:00 AM Profit from investment allowed to be transferred abroad Foreign investors are allowed to exchange the profit from investment into foreign currencies and then transfer abroad. 22 Jun, 2009 - 12:30:15 PM Foreign holding in film ventures limited to 51pct 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. 22 Jun, 2009 - 10:24:13 AM Hopes dim for personal' income tax breaks in H2 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. 20 Jun, 2009 - 7:00:00 AM |
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