Daily Legal News

2010/07/20

Law on Commercial Arbitration passed

The Law No.54/2010/QH12 on Commercial Arbitration was passed by the National Assembly of the Socialist Republic of Vietnam on 17 June 2010 to replace the Ordinance on Commercial Arbitration No. 08/2003/PL-UBTVQH11. [+]

2010/07/16

Operation conditions required for credit information companies

On 25 June 2010, the State of Bank of Vietnam issued Circular No. 16/2010/TT-NHNN providing guidelines on implementation of Decree No. 10/2010/ND-CP of Government dated 12 February 2010 on credit information activities. [+]

2010/07/14

Lawmakers approve new Law on Land Use Taxation

The National Assembly passed the Law on Land Use Taxation on June 17. Under the new law, the following kinds of land use rights would be subject to taxation: (i) urban and rural residential land use rights; (ii) land used for non-agricultural production, such as industrial parks, production facilities and mines; and (iii) other non-agricultural land uses for business or religious purposes, including cemeteries. [+]