Legal Document Updates in English (07/2014)

SMALL AND MEDIUM-SIZED ENTERPRISES ARE ENTITLED
TO GET LOANS FROM THE NATIONAL FUND OF EMPLOYMENTS
 

On November 16, 2013, the National Assembly approved the Law on Employment No. 38/2013/QH13 provides for supporting policies in employment creation; information on labor market; assessment and issuance of national vocational skill certificates; organization and operation of employment services; unemployment insurance and state management on employment.

Within that, this Law point out that small and medium-sized enterprises, cooperatives, cooperative groups, household businesses and employees are  entitled to get loans from the National Fund of employments. Particularly, small and medium-sized enterprises, cooperatives, cooperative groups or household businesses using many employees who are disable people or ethnic minority people and ethnic minority people living in areas with extremely difficult social-economic conditions or disable people shall be entitled to get loans from the National fund of employments with lower interest rates.

In order to be entitled to get loans from the National fund of employments, the small and medium-sized enterprises, cooperatives, cooperative groups, household businesses must have projects with feasible loans at the localities, being appropriated to sectors or professions of production or business, attracting additional employees to come and

SUPPORT POLICIES FOR THE PROJECTS OF SOCIAL HOUSE’S DEVELOPMENT
 

In accordance with the Decree No. 188/2013/ND-CP on developing and managing social houses, the projects of social house’s development shall have some consistent incentives on land, tax or investment.

In particular, the area of land within the approved project is exempt from land levies and land rent; eligible for preferential VAT rates according to legislation on VAT; eligible for exemption, reduction of corporate income tax, and preferential rates of corporate income tax according to legislation on corporate income tax; eligible for support from: loans granted by credit institutions, commercial banks, and financial institutions, the credit institutions, commercial banks, and financial institutions must retain an amount of capital (at least 3% of total outstanding loan) for investors in social houses development projects, and for buyers and tenants of social houses to take loans with lower interest rates than market rates and duration that suitable for their solvency; Preferential loans from local budget, municipal bonds, Housing Development Fund, and

REGULATIONS IN ADJUSTING INCREASE OF CHARTER CAPITAL LEVEL
 

On December 31, 2013, the Ministry of Finance issued the Circular No. 220/2013/TT-BTC guiding the implementation of the Decree No. 71/2013/ND-CP of July 11, 2013, on investment of state capital in enterprises and financial management of enterprises of which 100% charter capital is held by the State.

Within that, the most important regulations is the adjustment in increasing the charter capital level of enterprises. Accordingly, determination of demand and adjustment of charter capital of enterprises which are operating must base on objectives, tasks, strategies of development and expansion of scale, trades in production and business of enterprises under plans, planning already been approved by competent authorities. The adjustment to increase charter capital of enterprise must base on capital demand to perform investment, asset procurement projects in serve of the main production and business activities of enterprise; capital demand for production of products, trading in goods, services; capital demand for investment outside enterprise under plan already been approved by competent authorities.

PICTURES OF PATIENTS ARE BANNED FROM MEDICINE ADVERTISEMENTS
 

On November 14, 2013, the Government issued the Decree No. 181/2013/ND-CP on guiding the implementation of some Articles of the Law on Advertising, within that pictures of patients; medicine effect diagram that has not been assessed  and pictures or names of physicians are banned from medicine advertisements are the important contents.

Besides, the contents of medicine advertisements must be conformable with the License for free sale in Vietnam; the instructions sheet approved by the Ministry of Health; the treatise about the medicine has been written in the National Pharmacopoeia or a medicine recognized by a competent authority of the country of origin and must have the medicine names according to the decision on issuance of registration number; names of active ingredients such as international names of modern medicines shall be used or Vietnamese names of herbal medicines. The original name together with the Latin name shall be used if no Vietnamese name is available; indications; contraindications or recommendations to pregnant women, breastfeeding women, the elderly, children, chronic disease sufferers;

PRESERVE VIETNAM’S TOTAL MEDICINAL PLANT SPECIES 70% BY 2030
 

On October 30, 2013, the Prime Minister  signed the Decision No. 1976/QD-TTg of Oct 30,2013, approving the master plan on medicinal plant development through 2020, with orientations toward 2030.

With the objectives that Preserve Vietnam’s total medicinal plant species 70% by 2030 and plan the development of 54 advantageous medicinal plant species of the 8 ecological regions suitable to their growth and development conditions so as to satisfy 60% of the total domestic pharmaceutical demand by 2020, and 80% by 2030, and increase the export of domestic medicinal plants and their products; to strive for the adequate supply for medicinal plant varieties for large-scale medicinal plant cultivation and development and supply 60% by 2020, and 80% by 2030 disease-free, high-yield and high quality medicinal plant strains…the Prime Minister has suggested some important tasks and solutions to the Ministry of Health, the Ministry of Finance and some relevant units.