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TO FINE TO VND 100 MILLION IF NON-PUBLIC OFFERING OF STOCKS FAILING TO APPLY FOR SECURITIES

This is one of the important contents prescribed at the Decree No. 145/2016/ND-CP dated November 01, 2016 of the Government on amending the Government’s Decree No. 108/2013/ND-CP dated September 23, 2013 on penalties for administrative violations against regulations on securities and securities market.

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TO SUPPLEMENT GOODS AND SERVICES SUBJECT TO PRICE DECLARATION

On November 11, 2016, the Government issued the Decree No. 149/2016/ND-CP amending, supplementing a number of articles of the Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding a number of articles of the Law on Price.

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TO 2025, EVERY HOUSEHOLD SHALL BE GIVEN SUPPORT TO DEVELOP PRODUCTION

In order to maintain, develop and enhance the position of the sparse ethnic minorities; lessen and eradicate poverty, ameliorate sustainably the material and spiritual life of the compatriots in order to narrow the growth gap with other local ethnic groups, Decrease the annual ratio of poor households to 7% - 8%...on October 31, 2016,

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MANAGEMENT AND UTILIZATION OF THE SOFTWARE FOR AGGREGATION OF DATA ON LAND TRANSPORT INFRASTRUCTURE ASSET INVENTORY

On October 25, 2016, the Ministry of Finance issued the Circular No. 158/2016/TT-BTC on the management and utilization of the software for aggregation of data on land transport infrastructure asset inventory.

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TO CLASSIFY PAY SCALE AND PAYROLL IN STATE SECURITIES TRADING ORGANIZATION

Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October  25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock

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PRINCIPLES OF OPENING PRE-INVESTMENT ACCOUNTS OF OFFSHORE INVESTMENT ACTIVITIES

On June 29, 2016, the State Bank of Vietnam issued the Circular 12/2016/TT-NHNN guiding the foreign exchange management of offshore investment activities and takes effect August 13, 2016.

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FEES FOR FLIGHTS OVER THE VIETNAM’S AIRSPACE

On October 06, 2016, the Ministry of Finance issued the Circular No. 146/2016/TT-BTC dated October 06, 2016 of the Ministry of Finance providing for fees for flights over the Vietnam’s airspace and the collection, transfer and management thereof.

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FEES FOR PROCESSING OF APPLICATIONS FOR THE LICENSE TO USE INDUSTRIAL EXPLOSIVES IS VND 5 MILLION

Any organizations applying for the license to use industrial explosives granted by competent state authorities must pay the fees for processing of applications for the license to use industrial explosives  must pay between VND 2 million – VND 5 million depending on different purpose.

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FEES FOR ISSUANCE OF THE LICENSE FOR ESTABLISHMENT OF A BANK IS VND 140 MILLION/LICENSE

This is the important content prescribed at the Circular No. 150/2016/TT-BTC dated October 14, 2016, providing for fees for issuance of license for establishment and operation of credit institutions; license for establishment of foreign banks’ branches, representative offices of foreign credit institutions or other foreign organizations

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