Legal Document Updates in English (23/2014)

REGULATIONS ON TIME LIMIT FOR E-CUSTOMS DECLARATION
 

In accordance with the Circular No. 22/2014/TT-BTC dated February 14, 2014 of the Ministry of Finance providing e-customs procedures for commercial imports and exports, customs declaration shall be made after goods are fully gathered at the place notified by the customs declarant and not later than 8 hours before the vehicle carrying such goods exits the country.

For an import consignment, customs declaration shall be made before goods arrive at the border gate or within 30 days after goods arrive at the border gate.The date of arrival at the border gate is the date indicated in the stamp affixed by the customs office to the declaration (or manifest) of imports at the port of cargo loading, which is included in the dossier of the vehicle on entry, for goods transported by sea, air or railway, or the date indicated in the declaration of

THE LIST OF 127 NATIONAL PROJECTS CALLED FOR FOREIGN INVESTMENTS
 

On April 29, 2014, the Prime Minister signed the Decision No. 631/QD-TTg on promulgation of the list of national projects called for foreign investments by 2020.

The List includes 127 national projects called for foreign investments within that there are 25 projects in Traffic infrastructure; 03 projects in  Energy infrastructure;  20 projects in Urban infrastructure; 03 projects in Industrial park infrastructure; 11 projects in Educational infrastructure; 07 projects in Medical infrastructure; 03 projects in Culture, sports, and tourism infrastructure such as Nui Coc Lake Ecotourism destination; High-grade specialized hospitals

GUIDANCE FOR APPRAISAL OF NON-PROJECT AID
 

On January 09, 2014, the Ministry of Planning and Investment issued the Circular No. 01/2014/TT-BKHDT Guiding a number of articles of the Government’s Decree No. 38/2013/ND-CP of April 23, 2013, on management and use of official development assistance (ODA) and concessional loans of donors.

In accordance with this Circular, For non-project aid equivalent to under USD 20,000, the managing agency shall not conduct appraisal and decide to approve such aid on the basis of the competent authority’s decision approving the funding list; For non-project aid equivalent to USD 20,000 or higher, the appraisal of the non-project aid document must comply with some regulations such as the project’s reasonability in terms of its justification; its targets against priority policies at national, ministerial, sectoral and local levels; expected outcome or products against the project’s targets; each part and its specific activities to create the outcome or output product; target beneficiaries and the project’s budget allocation structure (ODA, non-refundable aid, domestic fund) for activities, including

SCIENCE AND TECHNOLOGY ORGANIZATION MUST HAVE
AT LEAST 5 EMPLOYEES WITH UNIVERSITY DEGREE
 

On January 27, 2014, the Government issued the Decree No. 08/2014/ND-CP Detailing and guiding the implementation of a number of articles of the Law on Science and Technology, within that, there are many important contents.

In particular, Each science and technology organization must have at least 5 (five) employees who possess a university or higher degree  and work on a full-time or part-time basis, at least 30% of whom possess professional qualifications relevant to the registered major field of activity and at least 40% of whom work on a full-time basis. If established to develop a new field of science and technology, a science and technology organization must have at least 1 (one) employee who possesses a university degree in the registered field of operation and works on a full-time basis. And the head of a science and technology organization must possess a university or higher degree and have managerial experience and relevant professional competence; and dead of science and technology organizations that are higher education institutions must meet the conditions prescribed by the law on higher education.

Besides regulations on human resources in science and technology organization, this Circular also stipulates the distribution of profits when using, or assigning the right to use, transferring or contributing as capital, results of scientific research and technological development funded

THE ELECTRICITY RETAIL TARIFF IS FROM 0 – 50KWH IS 92% OF THE AVERAGE PRICE
 

On April 07, 2014, the Prime Minister signed the Decision No. 28/2014/QD-TTg  on structure of electricity retail tariff.

In particular, this Decision regulates that the electricity retail price for domestic purposes include 6 levels, from 0 – 50 kWh is 92%; from 51 – 100 kWh is 95%; from 101 – 200 kWh is 110%; from 201 – 300 kWh is 138%; from 301 – 400 kWh is 154%; from 401 kWh or higher: 159% compared with the average electricity retail price.