Draft securities law aims to tighten controls on private offerings

24/09/2010

A securities law proposal aims to tighten controls on private offerings to prevent companies from making too many offerings and exploiting shareholders.

The new circular on residential house regulation

24/09/2010

On 1st September 2010, the Ministry of Construction issued Circular No. 16/2010/TT-BXD providing detailed guidelines for the implementation of Decree 71/2010/ND-CP dated June 23, 2010 of the Government regarding house ownership, housing development, management of use of houses, house-related transactions and state management of houses.

NA concerned over human trafficking, securities market

22/09/2010

Lawmakers have been debating over the last two days human trafficking, the role of procuracy in civil proceedings, independent auditing and the securities market.

NA Committee debates Law on Denunciations

17/09/2010

The National Assembly Standing Committee continued its discussion yesterday concerning the draft Law on Denunciations.

Circular guiding regulations on capital contribution to and purchase of shares of Vietnamese enterprises

17/09/2010

The Ministry of Finance issued Circular No.131/2010/TT-BTC on 06 September 2010 providing guidance on foreign investors contributing capital to or acquiring shares of Vietnamese enterprises. Circular 131 shall come into force on 15th October 2010.

Lawmakers debate drafts on budget, land use fees

16/09/2010

The National Assembly Standing Committee opened its 34th plenary session yesterday, Sept 13, with discussions of the State budget for 2011-15 and the passage of a resolution on agricultural land-use fee exemptions.

32 administrative procedures are no longer effective in Ho Chi Minh City

10/09/2010

Ho Chi Minh City Peope’s Committee has just decided to abrogate some unsuitable administrative procedures applied in People’s Committees at District, Commune and Ward levels in the fields of land and water resources, labour- salary- wage, employment, health insurance, children care and protection.

Law boosts effectiveness of arbitration

07/09/2010

The National Assembly passed the Law on Commercial Arbitration (Law 2010) in June, replacing the 2003 Ordinance on Commercial Arbitration. Notable new points embodied in Law 2010 are:

New guidance of the Law on Import-Export Tax

07/09/2010

11 cases eligible for import-export taxes refund, 20 cases for tax exemption and 2 cases for consideration of tax exemptions are new remarkable points of the newly issued Decree No. 87/2010/ND-CP dated 13 August 2010 detailing a number of articles of the Law on Import, Export Taxes, replacing the Decree No. 149/2005/ND-CP dated 8 Dec 2005.

New regulations on sanctioning administrative violations in social insurance sector

31/08/2010

On 13 August 2010, the Government issued Decree No. 86/2010/ND-CP replacing Decree No. 135/2007/ND-CP dated 16 August 2007 on sanctioning administrative violations in social insurance sector. Accordingly, employers who did not pay social insurance for eligible employees and unemployment insurance shall be fined from 1 to 30 million VND, subject to the level of violation. In addition, they are forced to pay such unpaid amount plus interest therefrom at the rate applied to investment activities of Social Insurance Fund within 30 days from the date of receiving the sanction decision.

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