Minimum wage to increase from January, 2015

Minimum wage to increase from January, 2015

Monthly minimum wages will increase to between VND2.15 and VND3.1 million for every employee nationwide from January 1, 2015, according to latest Government Decree.

Tax exempted for Government bonds at int'l markets

Tax exempted for Government bonds at int'l markets

The Government has issued a Resolution that declares tax exemption for Government bonds circulated in international markets in 2014.

Supporting uniforms for civil servants

Supporting uniforms for civil servants

Provincial People’s Committee promulgated documents on uniform supporting for public servants working at file receiving and returning departments at district and provincial level.

Income tax payment required for real property exchange

Income tax payment required for real property exchange

If real estate is exchanged between July 1, 1994 and January 1, 2009, the people who use the property have to make a one-time personal income tax payment.

Finance Ministry supports businesses in customs procedures

Finance Ministry supports businesses in customs procedures

The Finance Ministry issued a guiding document for customs officials on dealing with the current challenges in customs procedures stipulated in Circular No.128/2013/TT-BTC

PM okayed proposed tax changes

PM okayed proposed tax changes

The Prime Minister has agreed with the Ministry of Finance’s proposed changes in a draft law revising the current tax laws with a view to removing difficulties for domestic businesses.

New policies take effect since October

New policies take effect since October

New policies on storm-resistant house construction in the Central region, social network management, and lower personal income tax (PIT) for individuals at economic zones

Budget to spend VND1 trillion on technology innovation

Budget to spend VND1 trillion on technology innovation

Viet Nam's National Technology Innovation Fund has a charter capital of VND1 trillion (US$47.6 million), which will be contributed by the state budget for science and technology activities.

Housing ownership laws for foreign enterprises

Housing ownership laws for foreign enterprises

There are different provisions of the law on the conditions, duration, forms of ownership, rights and obligations of foreign-invested enterprises owning houses in Viet Nam, depending on the enterprises' business sectors.

New petrol decree to create competitive retail prices

New petrol decree to create competitive retail prices

The Government’s Decree 83 on petrol trading is expected to make retailed petrol prices competitive and nearer to the world prices, said Mr. Phan The Rue, chairman of the Vietnam Petroleum Association on September 19.

New regulations on personal income tax in economic zone from 20th October

New regulations on personal income tax in economic zone from 20th October

Ministry of Finance promulgated Circular 128/2014/TT-BTC to give instructions on personal income tax deduction to individuals working at economic zones and border gate economic zones to replace Circular 176/2009/TT-BTC.

Eight laws, including revised Land Law, announced

Eight laws, including revised Land Law, announced

The Office of the State President on December 12 held a press conference in Hanoi to announce a number of new laws and ordinances, including the revised Land Law and the Employment Law

Vietnam ministry unveils draft fuel trading law in hopeful sign

Vietnam ministry unveils draft fuel trading law in hopeful sign

The Ministry of Industry and Trade has finished a draft decree on fuel trading with many amendments that will hopefully enable fuel prices in Vietnam to be in accordance with global development.

Amendments to Law on Environmental Protection discussed

Amendments to Law on Environmental Protection discussed

The 25th session of the National Assembly Standing Committee opened in Hanoi on Thursday, focusing on the proposed amendments to the Law on Environmental Protection.

VN law enforcers may open fire if resisted

VN law enforcers may open fire if resisted

The Government has issued a decree that provide measures, including opening fire, to prevent and handle cases of resistance to law enforcement officers.

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