Tin Pháp lý
Investors of small-sized hydropower plants are up in arms after learning about the Ministry of Industry and Trade’s proposal to keep wholesale electricity prices unchanged for 20 years.
Many Vietnamese businesspeople who have been the creditors for Besra Vietnam, the Canadian gold mining company, are concerned they might not bet their money back.
In a four-year period, from 2008 to 2012, over 4.4 tons of gold were exploited from Bong Mieu and Dak Sa, the two biggest gold mines in Vietnam. However, the state has not received sufficient taxes from the gold exporters.
Besra Company on July 23 announced that they have suspended operations at Phuoc Son and Bong Mieu mine sites in the central province of Quang Nam after their bank accounts were blocked by the province’s Tax Department for delaying tax payment.
Economists have described three possible scenarios for Vietnam-China economic relations in the context of the East Sea situation, with the most likely scenario one of “struggling and cooperating at the same time”.
According to provisions of law, corporations are not eligible to be headquartered in condominiums used for a residential purpose. However in certain cases, enterprises may base their head offices in apartment buildings with mixed-use purposes.
Mergers & acquisitions implicate a variety of legal domains, among the most important of which is competition law.
German retail giant Metro Group has signed a deal to sell its Metro Cash& Carry Vietnam (MCC Vietnam) to Thai Group Berli Jucker (BJC) for US$879 million.
Experts have claimed a second wave of mergers and acquisitions (M&A) has begun in Vietnam, the Vietnam Economic News reported, citing experts as saying that the second one is stronger both in terms of numbers and value of the transactions.

This year’s minimum-wage hike has met opposition from many in the business community.

Nguyen Viet Khoa, director of the Tan Vinh Tien Production Trade & Service Company in HCM City, said that once the minimum wage is increased, the social insurance, unemployment insurance and healthcare insurance premiums businesses have to pay for workers are higher, which burdens businesses. The premiums are calculated based on minimum wages.

Foreign direct investment (FDI) enterprises and foreign investors can now open direct investment capital accounts in Vietnamese dong from September 25, besides accounts in foreign currencies.
The State Capital Investment Corporation (SCIC), in a recent report on its operation in this year’s first half, said that it encountered many difficulties in receiving, selling and transferring State stakes.
The Trans-Pacific Partnership Agreement (TPP) may signal golden opportunities for exports in many of Vietnam’s sectors, but it is creating big challenges for the timber processing.
Enterprises undertaking software production investment projects are eligible to enjoy a 50 per cent reduction on the 10 per cent CIT rate they are entitled to a maximum of nine subsequent years.
High costs and a lack of data are preventing Vietnamese banks from meeting the 2015 deadline set for the implementation of Basel II regulations in the country.

A recent study by KPMG Ltd revealed that 85 per cent of polled banks in Viet Nam viewed the costs of Basel II implementation as a big problem while 78 per cent viewed the lack of detailed historical default data as a huge stumbling block.
The State Bank of Viet Nam (SBV)’s Circular 19/2014/TT-NHNN (11 August 2014) guides foreign exchange control of foreign direct investment (FDI) activities in Viet Nam such as contribution of investment capital, opening and use of direct investment capital accounts, remittance overseas of capital, profit and other lawful income and transfer of capital into Viet Nam in the pre-investment phase. The circular applies to residents who are FDI enterprises, non-residents participating in business cooperation contracts (BCC), non-residents who are foreign investors in FDI enterprises, and related organisations and individuals.

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