Legal Document Updates in English (31/2013)

PRICE APPRAISERS MUST HAVE AT LEAST 3 YEARS OF EXPERIENCE
 

This is a compulsory standard suggested by the Government at the Decree No. 89/2013/ND-CP promulgating the implementation of some articles of the Law on Price on price appraisal.

Accordingly, Price appraisers must satisfy 06 criteria as follows: having civil act capacity;  having ethical qualities, integrity, being honest and objective; graduated university, post-university specialized in price, price appraisal and sectors including: Economy, economy – technique, law involving operation of price appraisal issued by legal training organizations in Vietnam or other countries; having the actual working time under the trained specialties of from 36 (thirty six) months or longer, calculated from the date of issuing the university diploma of specialties; having certificate of training on price appraisal issued by agencies, organizations which have function on training the price appraisal as prescribed by the Ministry of Finance and possessing card of price appraiser issued by the Ministry of Finance.

To the price appraisal enterprises, they are not permitted to perform price appraisal in 07 following case: performing price appraisal when failing to ensure compliance with the Vietnam Criteria on price appraisal; trading the assets under state secrets as prescribed by law on list of state secrets; there are the price appraisers participating in price appraisal, persons in charge of management, members of the Control Board of the price appraisal enterprises, who are members, founding shareholders or buy shares, contribute capital in organizations which are

APPLY VAT TAX RATE OF 5% FOR PURCHASING SOCIAL HOUSES FROM JULY, 01
 

This is the guidance at the Decree No. 92/2013/ND-CP dated August 13, 2013 of the Government guiding the implementation of some articles taking effect on July 01, 2013 of the Law on amending and supplementing some articles of the Law on Enterprise Income Tax and the Law on amending and supplementing some articles of the Law on Value-Added Tax.

In accordance with this Decree, In case of sale, lease for purchase of social houses, tax rate of 5% is applied under contracts of sale, lease for purchase of social houses signed from July 01, 2013 and applied to the amounts paid from July 01, 2013 of contracts signed before July 01, 2013. Case of lease of social houses, tax rate of 5% is applied basing on time of collecting amounts under contract (including case of collecting advance amounts for many terms) from July 01, 2013. Case where enterprises have not yet received rents from July 01, 2013, tax rate is applied under time of issuing invoice.

At the same time, To reduce 50% of VAT tax rate from July 01, 2013 to the end June 30, 2014, for sale, lease or lease for purchase of commercial houses which

MINIMUM PRICE LEVEL LOADING AND UNLOADING SERVICES
AT CAI MEP – THI VAI PORT IS USD 29 PER CONTAINER
 

On July 15, 2013, the Ministry of Finance signs the Decision No.  1661/QD-BTC issuing the minimum price level or load and unload container services at Cai Mep – Thi Vai deep water port, Ba Ria – Vung Tau province.

In accordance with this Decision, the Ministry of Finance promulgate the minimum level of price of service of loading and unloading containers at area of Cai Mep – Thi Vai deep-water port, Ba Ria – Vung Tau province as the loading and unloading from ships to port’s warehouses or yards or vice versa included goods is 46 USD for per container of 20 feet; 68 USD for container of 40 feet and 75 USD for container of more than 40 feet and for loading and

DEVELOPING PLANNING FOR PHU MY NEW URBAN AREA
 

On July 09, 2013, the Prime Minister issues the Decision No.  1113/QD-TTg approving the general planning adjustment of Phu My new urban area, Ba Ria – Vung Tau with the vision to 2030.

At this Decision, the Prime Minister has plan to develop the new urban area, keeping role as a center of industry, international seaport, service and tourism, being important transport focal center of Ba Ria – Vung Tau province and a south key economy region, with importance position on security and national defense. By 2020, population of entire urban area will be about 200,000 persons, in which inner-city population will be about 174,000 persons, outer-city population will be about 26,000 persons and by 2030, population of entire urban area will be about 310,000 persons, in which inner-city population will be about

04 CASES FOR CHEMICAL INCIDENT PREVENTION
 

On August 05, 2013, the Ministry of Industry and Trade issues the Circular No. 20/2013/TT-BCT promulgating plans and measures for chemical incident prevention in industry.

In accordance with this Circular, organizations and individuals producing, trading, storing and using dangerous chemicals in industry must have plans in the case as follows: projects investing in production, storage and use of dangerous chemicals with the maximum chemical storage volume at a time more than or equal to the threshold prescribed in Annex IV of the Decree No. 26/2011/ND-CP must formulate Plan before the project officially operates; the facilities of dangerous chemical production, trading, storage and use (hereinafter abbreviated to chemical facilities) with the maximum chemical storage volume at a time more than or equal to the threshold ; the chemical projects and chemical facilities that change the production capacity, storage volume, scale or change quantity, kinds of chemicals with the maximum chemical storage volume at a time more than or equal to the threshold ;