- 2010/02/28
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Monthly Legal Update - February, 2010
- New regulations on the merger, consolidation and acquisition of credit institutions
On February 11th, 2010 the Governor of the State Bank of Vietnam (SBV) issued the Circular No. 04/2010/TT-NHNN permitting banks, finance companies, finance lease companies and cooperative credit organizations to merge, consolidate and acquire other credit organizations. Circular 04 aims to replace the obsolete regulations under Decision No.241/1998/QĐ-NHNN dated July 15th, 1998 on the same issue.
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download file(.pdf, 105.3kB)- 2010/01/30
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Monthly Legal Update - January, 2010
- Tax rate on incomes from real estate transfer
As regulated by Circular No. 02/2010/TT-BTC dated January 11th, 2010 of the Ministry of Finance, effectively on February 25th, 2010, incomes from real estate transfer will be taxed at the rate of 25%. Accordingly, transfer price stated in the transfer contract and in the tax declaration form shall not less than the price regulated by Provincial People's Committee or price used for counting registration fee regulated by provincial People's Committee at the effective time of the transfer contract.
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- 2009/12/30
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Monthly Legal Update - December, 2009
- Regulation on petrol and oil agency
The Ministry of Industry and Trade issued the Circular No. 36/2009/TT-BCT on petrol and oil agency on 14 December 2009. The principal trading petrol and oil must directly organize his retail system or via a petrol and oil general agency, and register the distribution system with the Ministry of Industry and Trade.
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