Tin Pháp lý


5 June 2017
VGP

A series of policies on land use fee, the rate of contribution to the Occupational Accident and Disease Insurance fund and specific financial and budgetary mechanisms and policies for Ho Chi Minh City (HCMC) shall come into effect this month.

Fees for using land, renting land, renting water surface

The Government promulgated Decree No. 35/2017/ND-CP on collection of fees for using land, renting land, renting water surface in economic zones and hi-tech zones (Decree 35) on April 3, 2017.

Decree 35 shall take effect on June 20, 2017.

Decree 35 also regulates exemptions of land rent during the period of capital construction, but not exceeding 3 years from the date of issuance of a decision on lease of land in economic zones and high-tech zones. After this period is terminated, the project will be entitled to further incentives in a certain period of time, depending on its investment field.

Regulations on labeling

Decree 43/ND-CP on regulations of labeling circulated and imported goods in Viet Nam, dated April 14, 2017 stipulates the obligations of recording the origin of goods and necessary technical specifications and warning information on the label to comply with Viet Nam’s law and international treaties’ regulation of which Viet Nam is a member.

This regulation excludes temporarily imported goods for re-export or transit; fuels and materials of agriculture, fishing and minerals to be directly sold; petroleum and gas (LPG, CNG, LNG) without commercial packaging; used goods and radioactive substances.

Change of regulations on the level of social insurance contributions by employers

Decree 44/2017/ND-CP, dated April 14, 2017 stipulates the rate of contribution to the Occupational Accident and Disease Insurance fund, effective from June 1, 2017.

Accordingly, the level of monthly contribution by the employer to the Occupational Accident and Disease Insurance Fund, as provided for in Clause 3, Article 44 of the Law on Occupational Safety and Hygiene is reduced.

Employers will pay monthly to the Occupational Accident and Disease Insurance fund in compulsory social insurance with 0.5% of the salary fund used as a basis for paying social insurance premiums for laborers.

For laborers working under labor definite-term contracts with a term of from full one month to under 3 months, the contribution to the Occupational Accident and Disease Insurance fund will comply with the above provisions as from January 1st 2018.

Regulations on five-year financial planning

The Government issued Decree 45/2017/ND-CP regulating the implementation of a number of articles of the State Budget Law on the 5-year financial planning and 3-year financial - state budget planning.

Decree 45 taking effect from June 5, 2017 prescribed that the five-year financial plan is the financial plan for the implementation of the targets and tasks of the national and local socio-economic development plans in 5 years; setting the basic goals and targets of finance - state budget over the five-year plan; playing a decisive role in the three-year state budget and annual state budget estimates.

The 3-year financial plan on the State budget is the financial plan on the State budget is made annually under the rolling mode for 3 years, from the year of the state budget estimates and the next two years.

Specific financial and budgetary mechanisms and policies for HCMC

Decree 48/2017/ND-CP dated April 24, 2017 stipulates a number of specific financial and budgetary mechanisms and policies for HCMC.

Accordingly, the State prioritizes investment in budget and other financial sources for socio-economic development so that HCMC can continue upholding its role as a socio-economic centre of the region as well as the whole country.

The city is eligible for advance payment from the state budget or borrowing sources to hold auctions of land use rights, after which refunding the budget or repaying the loan.

The Government prioritizes ODA funds and preferential capital sources for Ho Chi Minh City to invest in programs and projects relating to urban infrastructure and the environment.

Re-lending ratio of ODA, preferential loans to local authorities

The Government promulgated Decree No. 52/2017/ND-CP on re-lending of Government’s ODA loans and preferential loans to the provincial People's Committees.

The Decree also regulates a re-lending ratio of ODA. Accordingly, the re-lending ratio of ODA for investment projects for socio-economic development under spending tasks of local budgets shall be proposed by the provincial People's Committees./.

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