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Official Gazette

Sunday, July 23, 2017
Tags: finance
Vietnam trade information portal launched Vietnam trade information portal launched
A ceremony was held in Hanoi on July 12 to officially launch the Vietnam trade information portal (VTIP) at http://www.vietnamtradeportal.gov.vn.
Release on bail for detainees proposed Release on bail for detainees proposed
The accused or defendants who are temporarily detained for criminal charges would be entitled to release on bail, according to a draft circular jointly prepared by the Ministry of Public Security, Ministry of Finance, Supreme People’s Procuracy and Supreme People’s Court.
Excise tax exemption proposed for locally made automobile parts Excise tax exemption proposed for locally made automobile parts
The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.
Legal requirements for information disclosure and transparency in management of state-owned enterprises Legal requirements for information disclosure and transparency in management of state-owned enterprises
SOEs are holding key industries and sectors of the economy, such as construction, transport, oil and gas, communication, telecommunications, and production of industrial and consumable goods. As of October 2016, there were in total 718 enterprises in which the State holds 100% of the charter capital. SOEs hold not only key industries and sectors but also large resources.
Party resolves to refine market economy institutions Party resolves to refine market economy institutions
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 11 of its fifth plenary meeting on completing the institutions of the socialist-oriented market economy, setting objectives for 2030 as well as solutions to achieving these objectives. Following are the principal contents of the Resolution.
Formalities of specialized inspection of imports and exports to be reviewed Formalities of specialized inspection of imports and exports to be reviewed
Government Resolution 19 dated February 6, 2017, on improving the business climate and national competitiveness has helped improve the business environment significantly, but there remain shortcomings in its enforcement, especially in terms of specialized inspection in customs sector, heard a recent workshop in HCM City.
Official Gazette issues Nos 11-12 March 2017 published on June 16 2017 Official Gazette issues Nos 11-12 March 2017, published on June 16, 2017
Taking disciplinary action against employees under Vietnamese law Taking disciplinary action against employees under Vietnamese law
Disciplinary procedures are used primarily to help employees to improve. They also provide a clear framework for both employers and employees to assist in the efficient and systematic resolution of disciplinary issues. The employment legislation contains various rules governing this type of procedures that this article tries to point out.
Decree set to tackle transfer pricing Decree set to tackle transfer pricing
Coming into force in May 2017, Decree No. 20/2017/ND-CP on tax administration of enterprises having transactions with related parties has laid a legal foundation to better control transfer pricing and prevent losses of state budget revenues.
Draft law tackles lavish spending on anniversaries Draft law tackles lavish spending on anniversaries
The Ministry of Culture, Sports and Tourism has recently unveiled a draft regulation to put in order the organization of anniversaries, which have become rampant in the past years.

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