Legal Document Updates in English (42/2014)

AN ECONOMIC GROUP OR A CORPORATION HAS AT MOST
3 LEVELS OF ENTERPRISES
 

This is one of the contents prescribed at the Decree No. 69/2014/ND-CP dated July 15, 2014 of the Government on state economic groups and state corporations.

In particular, from September 01, 2014, an economic group or a corporation has at most 3 levels of enterprises and is structured as:  The parent company (below referred to as level-I enterprise) is an enterprise in which the State owns 100% of charter capital or holds controlling rights; subsidiary companies of the level-I enterprise (below referred to as level-II enterprises) are enterprises in which the parent company holds the controlling rights. A level-II enterprise shall be organized in the form of single-member limited liability company, in case the parent company owns 100% of its charter capital, or joint-stock company or limited liability company with two or more members, in case the parent company holds the controlling rights over it and subsidiary companies of level-II enterprises (below referred to as level-III enterprises). The Decree also emphasizes that economic groups and corporations established before September 01, 2014 have more than three levels of enterprises shall, within two years, reorganize and arrange subsidiary companies of existing level-III enterprises. Agencies representing the owner shall monitor and supervise the reorganization and arrangement of these economic groups and corporations.

ONLY PAY OUTSTANDING DEBTS IN CAPITAL CONSTRUCTION ARISING BEFORE 2015
 

On June 18, 2014, the National Assembly passed the Law No. 49/2014/QH13 on Public Investment and decides to only pay outstanding debts in capital construction arising before January 01, 2015; at the same time, encouragement of organizations and individuals to make direct investment or investment in the form of public-private partnership for socio-economic infrastructure and public-service provision projects.

Besides, the Law also details some public investment sectors such as investment in socio-economic infrastructure programs and projects; investment to serve activities of state agencies, non-business units, political organizations and socio-political organizations; investment in and support of the provision of public-utility products and services and state investment in projects to be implemented in the form of public-private partnership. Depending on their importance and size, public investment projects shall be classified into national important projects; group-A, group-B and group-C projects. A national important project is an independent investment project or a cluster of closely linked works which being financed by public investment funds of VND 10 trillion or more; exerting great environmental impacts or having the latent possibility of exerting serious

QUICKLY DETECT AND TACKLE WITH TOBACCO SMUGGLING
 

Before the developments in the tobacco smuggling, trafficking, concealment and trading in illegally imported tobacco have still occurred seriously, especially in the provinces and cities below: Quang Tri, Tay Ninh, Long An, Dong Thap, An Giang, Kien Giang, Ho Chi Minh, Da Nang, Hai Phong, Quang Ninh…which causes serious damage to the domestic production and affects public health..on September 30, 2014, the Prime Minister issued the Directive No. 30/CT-TTg dated September 30, 2014 of the Prime Minister enhancing the tobacco smuggling.

At the same time, the Prime Minister requires People’s Committee of central-affiliated cities and provinces to direct the districts, towns, and competent authorities in the administrative division to fight, quickly detect and strictly tackle with acts of smuggling, trafficking, concealment and trading in illegally imported tobacco;  enhance the organizational structure, provide necessary equipment for the competent authorities ensure finishing their assignments and make a plan or planning for economic development and job creation in order the inhabitants of

EXEMPT THE DUTIES AND FEES FOR IMPORT AND EXPORT OF MEANS
SERVING EMERGENCY RELIEF
 

In accordance with the Decree No. 66/2014/ND-CP dated July 04, 2014 of the National Assembly detailing and guiding a number of articles of the Law on Natural Disaster Prevention and Control. Foreign organizations and individuals and international organizations that participate in the response to and remediation of consequences of natural disasters in Vietnam and import or re-export means, equipment and goods to serve emergency relief, search and rescue, relief and support for natural disaster victims are exempted from import and export duties and fees.

After completion of operations of search and rescue, relief and support for natural disaster victims, means, equipment and goods permitted for import for re-export may have customs procedures cleared at priority gates at airports, seaports and land border gates. Persons permitted to enter Vietnam for natural disaster response and consequence remediation may carry out entry and exit procedures at priority gates at airports, seaports and land border gates; persons engaged in urgent response may be granted visas at border gates.

Besides, the Decree also details the frequency and lengths of time of transmission of information on the direction and

FROM JULY 01, 2016, THE DRIVER MUST PRINT THE BILL
 

From July 01, 2016, taxi must have the printing equipment connected with the taximeter; the driver must print the bill and hand it to passenger is the important content at the Decree No. 86/2014/ND-CP of the Government business and transportation business’s conditions for car.

Enterprises and cooperatives doing business of passenger transport by taxi must register and paint their logo which is not identical with the registered one of the previous taxi transportation business unit and transaction telephone number for the taxis of such units. Enterprises and cooperatives doing business of passenger transport by taxi must have operating center and maintain the operation of such center with drivers, register contact frequency and have contact equipment between the center with the taxis of such units. From January 01, 2016, enterprises and cooperatives doing business of passenger transport by taxi must have at least 10 taxis and 50 taxis for urban areas of special grade.

Also in accordance with this Decree, from July 01, 2015, for car with design payload from 10 passengers or more, before implementing the contract, the transportation business unit must inform the Department of Transport