legal updated
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.
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.
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.
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.
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.
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
- WORKING HOURS FOR LABOR SHALL NOT EXCEED 12 HOURS IN A DAY
- MAXIMUM FEE FOR CONTRACTS AND TRANSACTION’S AUTHENTICATION IS VND 3 MILLION
- DECREASE IMPORT TAX RATE FOR OILS AND PETROLEUM OILS TO 18%
- BUYING CREDIT INSTITUTION’S BAD DEBTS IN THE BOOK VALUE BY SPECIAL BONDS
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