legal updated
IN 2016, THE GROSS DOMESTIC PRODUCT (GDP) WILL GROW AT AROUND 6.7%
Some major targets in 2016 are needed to be achieved by the National Assembly at the Resolution No. 98/2015/QH13, passed on November 10, 2015 on 2016 Socio-economic development plan.
PROVIDING FOR THE LICENSING RELATED TO CONSTRUCTION ACTIVITIES IN PROTECTION OF RAILWAY WORKS
On December 11, 2015, the Ministry of Transport issued the Circular No. 80/2015/TT-BGTVT dated December 11, 2015 of the Ministry of Transport providing for the licensing related to construction activities in protection of railway works.
FROM MAY, 2016, INCREASE OF 5% OF BASIC PAYS FOR CADRES, OFFICIALS AND CIVIL SERVANTS
At the Resolution No. 99/2015/QH13 passed by on November 11, 2015 on State budget estimates in 2016, the National Assembly agreed that since May 01, 2016, adjustments shall be made from current VND 1,150,000 to VND 1,210,000 (an increase of 5%) in basic pays for cadres, officials and civil servants, armed forces who
GUIDANCE ON TRANSFER OF STATE CAPITAL IN THE STATE ENTERPRISE
On December 31, 2015, the Ministry of Finance issued the Circular No. 219/2015/TT-BTC guiding a number of contents of the Decree No. 91/2015/ND-CP dated October 13, 2015 on investment of state capital in enterprises and management and use of capital and assets at enterprises.
THE LIST OF 398 MACHINERY, EQUIPMENT, REPLACEMENT PARTS MANUFACTURABLE DOMESTICALLY
The Ministry of Planning and Investment issued the Circular No. 14/2015/TT-BKHDT dated November 17, 2015 of the Ministry of Planning and Investment on promulgating the lists of machinery, equipment, replacement parts, special-use transportation means, raw materials, materials, components and semi-finished products
TO EXEMPT FROM MANDATORY LABELING FOR GENETICALLY MODIFIED FOODS TEMPORARILY IMPORTED, PLACED IN TRANSIT
On November 23, 2015, the Ministry of Agriculture and Rural Development, the Ministry of Science and Technology issued the Joint Circular No. 45/2015/TTLT-BNNPTNT-BKHCN on labeling of pre-packed genetically-modified foods.
BLOCK THE INSPECTED ENTITY’S ACCOUNT IF IT IS SUSPECTED TO HIDE THE PROPERTY
In accordance with the Joint Circular No. 07/2015/TTLT-TTCP-NHNN dated November 25, 2015 by the Government Inspectorate and the State Bank of Vietnam guiding the account blockade of inspected entities; only if the inspected entity is suspected to hide the property or disobey the decision on confiscation of cash or
OPERATION DURATION OF A NON-BANK CREDIT INSTITUTION IS NO MORE THAN 50 YEARS AT THE MAXIMUM
On December 25, 2015, the State Bank of Vietnam issued the Circular No. 30/2015/TT-NHNN on regulations on issuing the licenses, organization and operation of non-bank credit institutions; within that, the most important content is the requirements for licensing joint stock non-bank credit institutions.
TO ANNUL THE REGULATIONS ON PAYING WAGE WITHIN WORKING MONTH FOR EMPLOYEES
On November 16, 2015, the Ministry of Labor, War Invalids and Social issued the Circular No. 47/2015/TT-BLDTBXH guiding the labor contracts, labor disciplines and material responsibilities prescribed in the Decree No. 05/2015/ND-CP dated January 12, 2015 of the Government guiding the implementation of a number of the Labor
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