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APPLY VAT TAX RATE OF 5% FOR PURCHASING SOCIAL HOUSES FROM JULY, 01

This is the guidance at the Decree No. 92/2013/ND-CP dated August 13, 2013 of the Government guiding the implementation of some articles taking effect on July 01, 2013 of the Law on amending and supplementing some articles of the Law on Enterprise Income Tax and the Law on amending and supplementing some articles of the Law on Value-Added Tax.

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PRICE APPRAISERS MUST HAVE AT LEAST 3 YEARS OF EXPERIENCE

This is a compulsory standard suggested by the Government at the Decree No. 89/2013/ND-CP promulgating the implementation of some articles of the Law on Price on price appraisal.

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THE AVERAGE ELECTRICITY SELLING PRICE IS INCREASED TO VND 1.508 PER KWH

This is the Decision of the Ministry of Industry and Trade at the Circular No. 19/2013/TT-BCT promulgating the electricity selling price and guidance on the implementation.

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05 CONTENTS NOT IN THE ANALYZING RESPONSIBILITIES OF STATE AGENCIES

On August 08, 2013, the Government issues the Decree No.  90/2013/ND-CP dated August 08, 2013 of the Government on the analyzing responsibilities of state agencies on the implementation of appointed tasks and powers.

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ONLY HOTELS RANKED 5 STARS ALLOWED TO DO BUSINESS OF PRIZE-WINNING GAMES FOR FOREIGNERS

This content is prescribed at the Decree No.  86/2013/ND-CP dated July 29, 2013 of the Government on the business of prize-winning games for foreigners.

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ONLY ALLOWED FOR IMPORT NEW TECHNOLOGIES AND MACHINES

This is the directive content of the Prime Minister at the Directive No.  17/CT-TTg on strengthening the management and control enterprise’s import of technology, machine and equipments.

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PEOPLE’S CREDIT FUND MUST HAVE PROVISION FOR RISKS OF 10% PROFIT

This is the regulation of the Ministry of Finance at the Circular No. 94/2013/TT-BTC guiding the financial regime for People’s Credit Funds.

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CONDITIONS FOR CONTRIBUTION TO THE CREDIT INSTITUTIONS UNDER SPECIAL CONTRO

On August 01, 2013, the Prime Minister signs the 48/2013/QD-TTg on credit institution’s compulsory share purchases and contribution under special control.

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A PROFIT UP TO 15% OF COMMERCIAL HOUSES FOR RESETTLEMENT

This is the Government’s regulations at the Decree No. 84/2013/ND-CP promulgating regulations on resettlement house’s development and management.

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