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INTEREST RATE FOR HOUSING ASSISTANCE’S LOANS IS 6% PER ANNUM

On May 15, 2013, the State Bank of Vietnam issues the Circular No.  11/2013/TT-NHNN guiding some provisions on housing assistance’s loans in accordance with the Resolution No. 02/NQ-CP dated January 07, 2013 of the Government.

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PUT OFF DEBT CLASSIFICATION TO 01 YEAR

This decision approved by the State Bank of Vietnam at the Circular No. 12/2013/TT-NHNN dated May 27, 2013 amending some articles of the Circular No. 02/2013/TT-NHNN dated January 21, 2013 of the State Bank of Vietnam providing the classification of assets, risk provisioning levels and methods and use of provisions for handling risks in operations of credit institutions and foreign bank branches.

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TRADE UNION REPRESENTS AND PROTECTS THE LAWFUL RIGHTS AND INTERESTS OF EMPLOYEES

This content is presented at the Decree No. 43/2013/ND-CP dated May 10, 2013 of the Government on the implementation of the Article 10 of the Law on Trade Union.

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LABOR LEASING ENTERPRISE’S LEGAL CAPITAL IS VND 2 BILLION

This is an important content of the Decree No.  55/2013/ND-CP dated May 22, 2013 of the Government the labor leasing enterprises, payment of deposits and list of job entitled in labor lease’s implementation.

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EXEMPT VAT TAX FOR LOAN’S INTEREST RATE

This is one of focused content in the Circular No. 65/2013/TT-BTC dated May 17, 2013 of the Ministry of Finance amending and supplementing the Circular No. 06/2012/TT-BTC dated January 11, 2012 of the Ministry of Finance guiding the implementation of a number of articles of the Law on Value-Added Tax and the Government’s Decrees No. 123/2008/ND-CP of December 8, 2008, and No. 121/2011/ND-CP of December 27, 2011.

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PEASANT ASSISTANCE FUND IS NOT ALLOW TO USE CAPITAL RESOURCES FOR DOING BUSINESS

On May 21, 2013, the Ministry of Finance issues the Circular No. 69/2013/TT-BTC dated May 21, 2013 of the Ministry of Finance guiding the financial management regime applicable to the Peasant Assistance Fund of Vietnam Peasants’ Association.

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MAXIMUM TOTAL LOANING TIMES IS 15 YEARS PROJECTS ON ECONOMY INFRASTRUCTURE

This is the content in the Decree No. 54/2013/ND-CP dated May 22, 2013 of the Government supplementing the Decree No. 75/2011/ND-CP dated August 30, 2011 of the Government on state investment credit and export credit.

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WORKING HOURS FOR LABOR SHALL NOT EXCEED 12 HOURS IN A DAY

This is the content of the Decree No. 45/2013/ND-CP dated May 05, 2013 of the Government detailing some Articles of the Labor Code on working hours, rest hours and labor security and labor hygiene.

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MAXIMUM FEE FOR CONTRACTS AND TRANSACTION’S AUTHENTICATION IS VND 3 MILLION

This content is prescribed at the Joint Circular No. 62/2013/TTLT-BTC-BTP dated May 13, 2013 of the Ministry of Finance and the Ministry of Justice promulgating the collection levels, collection regime, remittance, management and use of fees for authentication of contracts and transactions.

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