Legal Document Updates in English (44/2014)

TO EXEMPT THE ENTERPRISE INCOME TAX FOR THE GOVERNMENT BOND
IN THE INTERNATIONAL MARKET
 

On November 01, 2014, the Government issued the Resolution No. 78/NQ-CP on tax exemption for the Government bond in the international market in 2014.

At the Resolution, the Government exempts the enterprise income tax and personnel income taxes for incomes from Government bond’s interest  in the international  market in 2014. At the same time, the Government appoints the Ministry of Finance to list in the prospectus and the documents supplied to the investors and appoints the

ALLOWED TO CHANGE THE LAND USE PURPOSE FROM AGRICULTURAL LAND
TO RESIDENTIAL LAND FOR RESETTLEMENT
 

The Ministry of Natural Resources and Environment has just issued the Circular No. 37/2014/TT-BTNMT dated June 30, 2014 detailing compensation, support and resettlement upon land recovery by the State. Within that, the important content is the change of the land use purpose from agricultural land to residential land for resettlement in case the land parcel with a house is recovered and has an area of agricultural land not recognized as residential land, which is prescribed in Clause 5, Article 6 of Decree No. 47/2014/ND-CP.

Accordingly, in case the land parcel to be recovered has an area of agricultural land not recognized as residential land, change of the use purpose from agricultural land to residential land for resettlement may be effected only when the remaining area of the recovered land is eligible for parcel split under regulations of provincial-level People’s Committees of localities where the recovered land exists. In case the remaining area of the land parcel with a house is ineligible for parcel split under regulations of provincial-level People’s Committees of localities where the recovered land exists, a competent state agency shall decide on recovery or the land user may continue to use the remaining area under land use master plan and plans. Funds for compensation, support and resettlement for remaining

INTERNATIONAL SCHOOLS MUST STUDY VIETNAMESE PROGRAM
AND VIETNAMESE STUDIES
 

On October 15, 2014, the Ministry of Education and Training issued the Circular No. 34/2014/TT-BGDDT guiding the implementation of a number of the Decree No. 73/2012/ND-CP dated September 26, 2012 of the Government on the foreign cooperation and investment in education, prescribing that students as Vietnamese citizens who study at primary schools or primary level of the foreign-invested mixed-level general schools must study Vietnamese program and Vietnamese studies.

Program’s duration is no less than 70 minutes/week, from 4th grade to 5th grade and no less than 90 minutes/week, lower and upper secondary classes. Beside the Vietnamese program, students as Vietnamese citizens from 1st grade to 5th grade must learn Vietnamese no less than 140 minutes/week from December 01, 2014. This Vietnamese program’s objectives is to help students establish and develop their power of vocabulary as well as Vietnamese skills (listening, speaking, reading and writing) to facilitate study and interactions with their peers; provide students

TO 2030, VIETNAM BECOME A COUNTRY WITH LARGE-SCALE PRODUCTION
OF ELECTRONIC EQUIPMENT
 

On August 01, 2014, the Prime Minister signed the Decision No. 1290/QD-TTg Approving the Plan of Action for development of electronics industry in implementation of Vietnam’s industrialization strategy within the framework of Vietnam-Japan cooperation through 2020, with a vision toward 2030; with a vision toward 2030 to build Vietnam into a country with large-scale production of electronic equipment with new, smart and environment-friendly technologies.

At the same time, some strategic issues are mentioned such as the development of support industries for electronics industry; the development of human resources for electronics industry; the development and expansion of the domestic and export markets for electronics industry; the attraction of investment from leading electronics corporations around the world; the development of key

TO TRAIN AROUND 100,000 WORKERS FOR RURAL INDUSTRIAL ESTABLISHMENTS TO 2020
 

This is one of the Prime Minister’s objectives at the Decision No. 1288/QD-TTg dated  August 1, 2014 approving the National Program on industrial extension to 2020.

This program is implemented to 2020 for organizations and individuals directly investing or engaged in industrial and cottage industry production in rural districts, towns, townships, communes and wards of grade-2 and -3 cities, and wards of grade-1 cities which have been upgraded from communes for no more than 5 years; Industrial production establishments applying cleaner production with some main contents on organizing job and trade training; supporting the building of management capacity, awareness raising and application of cleaner production in industry through consultancy and training activities, seminars, workshops and forums; domestic and overseas study tours and surveys and supporting the building