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REPAYMENT OF SHORT-TERM FOREIGN LOANS GRANTED BY DEFERRAL OF PAYMENT FOR IMPORTED GOODS

On April 15, 2016, the State Bank of Vietnam issued the Circular No. 05/2016/TT-NHNN dated April 15, 2016 of the State Bank of Vietnam on amending and supplement a number Articles of the Circular No. 03/2016/TT-NHNN by the Governor of the State Bank on guidelines for certain details of the management of foreign

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CONDITIONS FOR GUIDING THE IMPLEMENTATION OF UNIVERSAL LIFE INSURANCE PRODUCTS

In accordance with the Circular No. 52/2016/TT-BTC dated March 21, 2016 guiding the implementation of universal life insurance products, when implementing the universal life insurance products, the insurers must meet the conditions such as the solvency of insurers is larger than the minimum solvency of 100 billion dong; have

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MANAGEMENT AND USE OF INTERESTS ON LOANS FROM THE NATIONAL EMPLOYMENT FUND

On March 21, the Ministry of Finance issued the Circular No. 54/2016/TT-BTC on the regulations on management and use of interests on loans from national employment fund.

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GUIDING REMITTANCE OF PROFITS EARNED FROM STATE CAPITAL AMOUNTS

On April 11, 2016, the Ministry of Finance issued the Circular No. 61/2016/TT-BTC dated April 11, 2016 of the Ministry of Finance guiding collection, remittance and management of profits and dividends earned from state capital amounts invested in enterprises. Prescribing that enterprises that the state holds 100% of working

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TO SUPPLEMENT THE IRON OR STEEL PRODUCTS TO RECEIVE THE PREFERENTIAL IMPORT TAX RATES OF 0%

On March 18, 2016, the Ministry of Finance issued the Circular No. 51/2016/TT-BTC on amending  the list of commodity headings and specific preferential import tax rates for iron or steel articles used in the manufacture of tire bead in Chapter 98 of the preferential import tariff promulgated under the Circular No. 182/2015/TT-BTC

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APPLY TEMPORARY SAFEGUARD TAX RATE APPLICABLE TO STEEL BLANKS FROM MARCH 22

From March 22, 2016, Temporary safeguard measures shall apply to the import of steel blanks and long steels from different countries/territories into Vietnam with contents is the important content prescribed at the Decision No. 862/QD-BCT dated March 07, 2016 of the Ministry of Industry and Trade on application of temporary

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TO ACHIEVE THE COMMERCIAL COAL YIELD OF FROM 0.5-1.0 MILLION TONS BY THE YEAR 2030

To develop Vietnam’s coal industry into a competitive industry applying technological advances to coal exploration, mining, and preparation, processing and trading, on March 14, 2016, the Prime Minister signed the Decision No. 403/QD-TTg on approving the adjusted master plan for Vietnam’s coal industry development to 2020 and

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TO SUPPLEMENT DIVISION OF ELECTRICITY PRICE IN TWO COMPONENTS: OUTPUT PRICE AND ELECTRICAL ENERGY PRICE

On March 18, 2016, the Prime Minister signed the Decision No.  428/QD-TTg dated March 18, 2016 of the Prime Minister on approving revisions to the national power development plan from 2011 to 2020 with visions extended to 2030, in order to mobilize all domestic and global resources for electricity development to maintain the

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INDUSTRY CHANGE CONDITIONS ON GAS EXPORT AND IMPORT

On March 22, 2016, the Government issued the Decree No. 19/2016/ND-CP on gas business, within that, the most important content is the regulations that every gas importer and exporter must own/ jointly own or enter an agreement on leasing wharves of Vietnam ports for at least 05 years.

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