Increase the minimum wage for businesses

08/09/2011

The Government issued Decree No. 70/2011/ND-CP dated August 22, 2011 stimulating region-based minimum wage levels for laborers working for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.

New stipulation on the carrying of cash in foreign currency, Vietnamese dong by individuals upon entry into and exit from the country

07/09/2011

The State Bank of Vietnam has just issued the Circular No: 15/2011/TT-NHNN dated August 12, 2011 providing for the carrying of cash in foreign currency, Vietnamese dong by individuals upon entry into and exit from the country.

Guidance for implementation of a number of articles of law on environmental protection tax

25/08/2011

On August 08, 2011, Government issued decree No. 67/2011/ND-CP detailing and guiding the implementation of a number of articles of law on environmental protection tax. The Decree provides for taxable subject, bases for tax calculation, tax declaration, tax calculation, tax payment and environmental protection tax refund.

Solutions of tax in order to unite difficulties for enterprises and individuals

24/08/2011

The National Assembly has just issued Resolution No. 08/ 2011/ QH13 dated August 06, 2011 on issuing supplementing some of solutions of tax in order to unite difficulties for enterprises and individuals.

Guidance for the financial management mechanism applicable to ODA programs and projects

08/08/2011

On July 20, 2011, the Ministry of Finance issued Circular No. 107/2011/TT-BTC amending sub-clause (c), clause 2, article 1 of the Circular No.40/ 2011/ TT-BTC dated March 22, 2011 of the Ministry of Finance amending and supplementing a number of articles of the Ministry of Finance’s Circular No.108/ 2007/ TT-BTC of September 7, 2007, guiding the financial management mechanism applicable to official development assistance (ODA) programs and projects.

Circular No. 74/2011/TT-BTC

28/06/2011

On 1 June 2011, the Ministry of Finance issued Circular No. 74/2011/TT-BTC on securities trading guidelines permitting investors to open multiple accounts, do margin trading, buy and sell the same stock in a trading session.

The Draft Law on Handling of Administrative violations

14/06/2011

To conform with the guidelines of the Party on judicial and state apparatus reform in the process of building the socialist rule- of- law State, the Draft Law on Handling of Administrative Violations needed to judicialize the application of other administrative handling measures. This is also the common opinion of evaluation council on the Draft Law on Handling of Administrative Violations in their meeting held on June 8 under the chairman of the President of the Council - Deputy Minister of Justice Dinh Trung Tung.

The new legal documents come into effect in May and June 2011

03/06/2011

The Government1.Decree No. 29/ 2011/ND-CP dated 18 April 2011 providing on strategic environment assessment, environment impact assessment, environment protection commitment. The Decree shall come into effect from 05 June 2011.

List of newly promulgated legal documents

22/04/2011

I. The Government+ On 16th February 2011, the Government issued the Decree No. 14/2011/ND-CP prescribing the conditions for registration and operation of customs clearance agents. This Decree takes effect from 01st April 2011 and replaces Decree No. 79/2005/ND-CP issued by the Government on 16th June 2005 prescribing the conditions for registration and operation of customs clearance agents.

Common minimum salary to increase from 1 May 2011

07/04/2011

On 4 April 2011 the Government issued Decree No 22/2011/ND-CP increasing the minimum monthly salary from VND 730,000 (US$4.60) to VND 830,000 ($39.50). The Decree will come into effect from 19 May 2011. However, the new common minimum salary will apply from 1 May 2011.

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