Legal Document Updates in English (33/2015)

EXEMPT FROM IMPORT DUTY FOR LUGGAGE WITH THE TOTAL VALUE
IS VND 10,000,000 (TEN MILLION) AT MOST
 

Luggage allowances of persons on entry such as liquor and alcoholic beverages, tobacco, personal belongings with the total value is VND 10,000,000 (ten million) at most shall be exempted from import duty is the important content prescribed at the Decision No. 31/2015/QD-TTg dated August 04, 2015 of the Prime Minister on allowances of luggage, personal effects, gifts and sample goods exempted from duty, considered for tax exemption or not subject to tax.

Also in accordance with this Decision, liquor and alcoholic beverages; liquor containing 22% or more of alcohol by content: 1.5 liters; liquor containing less than 22% of alcohol by content: 2 liters; alcoholic beverages, beer: 3 liters; cigarette: 200 cigarettes; cigars: 100 cigars; tobacco: 500 grams are luggage allowances exempted from import duty and not subject to excise tax and value-added tax of persons on entry; particularly, persons entering the country on a regular basis are entitled to the duty-free luggage allowances only once every 90 days, but not upon each entry.

Similarly, gifts entitled to duty-free treatment must be articles outside the list of goods prohibited or suspended from import or export and the list of excise tax-liable goods

COLLECTING AND PROCESSING INFORMATION ABOUT LABOR SUPPLY AND DEMAND
ON JULY 1 OF THE SAME YEAR
 

On July 24, 2015, the Ministry of Labor, War Invalids and Social Affairs issued the Circular No. 27/2015/TT-BLDTBXH guiding for collecting, archiving and synthesizing the information of labor market, defining that the time for collecting and processing information about labor supply and demand on is 30 days and from July 1 of every year.

Collecting contents include identification, including names, addresses, types and codes of the employers; main business lines; salaries; number of employees classified by genders, types, labor contracts, positions, education levels, and professional levels; number of employees recruited according to their professional competence.

THE POLICIES ON REDUNDANCY TO EMPLOYEES IN THE COMPANY
WHEN RESTRUCTURING THE STATE COMPANIES
 

On July 22, 2015, the Government issued the Decree No. 63/2015/ND-CP dated July 22, 2015 of the Government providing the policies towards redundant employment in accordance with the restructuring of state-owned one member limited companies.

Accordingly, policies towards redundant employees that are recruited before April 21st, 1998 or before April 26th, 2002 by the time the competent agencies grant approval for the plans on labor arrangement or the Court begins the bankrupt procedures are such as male redundant employees from 55 years old to 59 years old and female redundant employees from 50 years old to 54 years old who have been paying social insurance for at least 20 years are eligible for retirement pension; retirement pension is not reduced due to premature retirement; a pension equivalent to 03-month salary shall be provided for every year of

SUPPORT TO DEVELOP PRODUCTION AND BUSINESS
FOR HOUSEHOLDS ESCAPING POVERTY
 

The Prime Minister signed the Decision No. 28/2015/QD-TTg dated July 21, 2015 of the Prime Minister on credit policy for households escaping poverty, prescribing credit loans from the Bank for Social Policies for household escaping poverty to develop production and business in order to have a stable life and make sustainable poverty reduction.

Households escaping poverty includes households that used to be poor, households living near poverty which have annual per capita income higher than the standard of households living near poverty through investigation and review, are recognized by the People’s Committees of communes and of which names have been deleted from the list of poor households, households living near poverty for a maximum of 3 years. The lending interest rate applied to

INCENTIVES FOR WATER CONSERVATION ACTIVITIES
 

On June 08, 2015, the Government issued the Decree No. 54/2015/ND-CP providing incentives for water conservation activities, accordingly, water conservation means the application of measures and technologies to recirculate or reuse water, collect rainwater and turn brackish water and saline water into freshwater for use, or to reduce the water volume used for production, business and residential activities.

The Decree prescribes that incentives for manufacture and import of water conservation products, equipment and technologies shall be for those who manufacture water conservation products, equipment and technologies and they will be eligible for soft loans in accordance with the law on the State’s investment credit; enterprise income tax exemption or reduction for the income earned from manufacture of water conservation products, equipment and technologies in accordance with the law on taxes. Organizations’ building new work items or renovating and upgrading existing ones so as to collect and treat wastewater up to national technical regulations on water quality relevant to the reuse purposes with a capacity of at least 40 m3/day, and using at least 80% of the volume of treated wastewater for their activities and organizations’ building new water recirculation works or renovating, upgrading or making in-depth investment in, existing ones for their activities with a capacity of at least 500 m3/day, excluding recirculating cooling systems and other wate