The auto sector is still weary of the state’s fee proposals on the car industry development. To tackle current traffic chaos and raise funds to enable transport infrastructure upgrades the Ministry of Transport (MoT) has presented three kinds of fees on personal vehicle users: a road maintenance fee, a fee on personal vehicle users, and a fee on cars entering cities’ downtown during rush hour. Of... 

In other countries, a company has the right to claim for damages outside a contract if the governing agency fails to promulgate legal documents on time, resulting in delays of business, or limit investment rights given by law In late 2010, Company X submitted its application for charter capital increase in the form of issuing separate shares under Decree 01/2010/ND-CP dated January 4, 2010 (Decree... 

The State Bank of Vietnam might remove a cap being put on the deposit interest rate in June or July this year if commercial bank liquidity improved, a forum heard. At the event, held by the Ministry of Planning and Investment in Hanoi on April 16, participants were told that the ceiling interest rate was considered an instrument to help the central bank control monetary policies. On April 11, the... 

The general gist emanating from Decree 24/2012 ND-CP signed into effect by the Government last Tuesday, April 3, is that gold trading management will be handled the same way as foreign exchange management has been. Individual and corporate ownership of gold is protected by law, and from now on, the agency accountable for gold market management will be the State Bank of Vietnam. Vietnam is arguably... 

Realizing the attractive investment opportunities in the Vietnamese stock market, a lot of foreign investors are burning to make disbursement. However, many of them can do nothing except seeing the opportunities missing. Police record turns out to be the biggest problem Some securities companies have reported that a lot of foreign investors, after realizing the new investment opportunities in the... 

Will the government think of reducing tax rates or applying some measures to rescue businesses like it once did in 2009, when enterprises bogged down in difficulties? The purchasing power in the market increased only by 5 percent in the first three months of the year, a very low increase if compared with the average increase of 10 percent in the same periods of the last years. Meanwhile, 12,000 businesses... 

Clients from the property sector will from now on be able to approach banks for loans as the central bank has decided to loosen the purse string for half of those previously put in the restriction list of borrowers, the governor said. Nguyen Van Binh told a press meeting in Hanoi on Wednesday that the national monetary authority had also completely unleashed consumer credits, a move expected to stir... 

The State Bank of Vietnam (SBV) has completed a draft circular permitting gold bar traders to switch business for another six months after Decree 24/2012/ND-CP on gold bar trading restrictions takes effect on May 25. So now gold firms have more than seven months to go after Decree 24 came out early this month. In the meantime, they have to finalize the procedures for obtaining gold bar trading certificates... 

Vietnam had the right to levy taxes on all transactions involving sales made in the country, including online advertising services provided by Google and Facebook, said deputy director of the Ministry of Finance’s Tax Policy Department Nguyen Van Phung at a conference yesterday in Ha Noi. Phung told the conference titled “Tax issues in cross-border e-commerce” that foreign enterprises... 

The State Bank of Vietnam (SBV) on April 10 cut the ceiling interest rates for saving deposit of one-month and longer terms by 1 percent, capping the rate at 12 percent per annum effective from April 11. The cap on interest rates for non-term deposits in Vietnamese dong will fall to 4 percent from the existing 5 percent. On the same day, SBV Governor Nguyen Van Binh also signed Decision 693/QD-NHNN...