Experts discuss competition law

01/01/2011

HCM CITY — The Competition Law, which became effective in 2004, should contain more specific language about penalties and fines, experts said.

New requirements on occupational safety in executing consutruction works

23/12/2010

On December 3, the Ministry of Construction issued Circular No.22-2010-TT-BXD on occupational safety in executing construction works ("Circular 22"). Circular 22 provides in details requirements on ensuring safety during the execution of construction works and liabilities of the relevant parties.

New regulations on maintenance of construction works

21/12/2010

On 6 December 2010, the Government promulgated Decree No.114/2010/ND-CP on maintenance of construction works. Accordingly, where the construction works are put into operation the owners or their authorized representatives, the administrators, or the users shall be responsible for the maintenance works.

Mining, civil service, consumer laws issued

21/12/2010

President Nguyen Minh Triet yesterday promulgated three new laws including the Law on Consumer Rights Protection, the amended Law on Minerals, and the Law on Public Officials and Civil Servants which were passed by the National Assembly during its 8th session.

First Environmental Tax, Securities laws enacted

21/12/2010

President Nguyen Minh Triet promulgated Viet Nam's first Environmental Tax Law as well as new Insurance Business an and Securities Laws yesterday.

New laws issued on elections, inspections and administration

21/12/2010

President Nguyen Minh Triet has signed into law the Law on National Assembly and People's Council Elections (revised); the Law on Inspection and the Law on Administrative Litigation and the Resolution on the implementation of Administrative Litigation.

Reporting obligation of foreign invested companies

09/12/2010

Starting from 15 January 2011, State owned enterprises and foreign invested enterprises and projects must submit regular reports to the competent authorities of statistics and investment management. This is the new regulations promulgated by Decision No.77/2010/QD-TTg dated 30 November 2010 of the Prime Minister.

Income tax registration process simplified

09/12/2010

The Ministry of Finance issued Circular No 175/2010/TT-BTC on November 5, amending Circular No 84/2008/TT-BTC of September 2008 on registration for personal income taxes. Accordingly, an income tax registration dossier includes:

Decree clarifies charter capital rules

04/12/2010

The Government issued Decree No 102/2010/ND-CP on October 1, including regulations issued pursuant to the 2005 Law on Enterprises. Decree 102 replaces Decree No 139/2007/ND-CP of September 5, 2007 (Decree 139), getting rid of unreasonable provisions while clarifying confusing provisions on corporate governance.

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