WAGES TO GO UP 5% NEXT MAY
[13-11-2015] The National Assembly (NA) has assigned the Government to increase the minimum monthly salary of public servants by around 5% to VND1.21 million as from May 1, 2016. In a resolution on the 2016 State budget estimates which received approval from 392 of 435 deputies on November 11, the Government is also tasked with ensuring incomes of those whose wage coefficients are smaller than 2.34 will not be lower than the current levels.
FOREIGN LABOURERS€™ INTERNAL MOVEMENT WITHIN ENTERPRISES: OBSTACLES REMAIN
[12-11-2015] Circular 41/2014/TT-BCT issued by the Ministry of Industry and Trade dated November 5, 2014 stipulates foundations and procedures to define foreign labourers’ internal movement in enterprises operating in 11 service sectors specified in Vietnam’s commitments schedule to the WTO not subject to labour licensing.
DELOITTE: UPDATE ON NEW DECREE ON SPECIAL SALES TAX
[16-11-2015] On 18 Oct 2015, the Government has issued Decree 108/2015/ND-CP (“Decree 108”) dated 28 October 2015 which provides detailed regulations and guidance on implementation of the Law on Special Sales Tax and the amended, supplemented Law on Special Sales Tax. Decree 108 would be effective from January 1st 2016.
INDUSTRIAL ZONES ATTRACT MORE INVESTMENTS IN LAST THREE YEARS
[11-11-2015] Industrial zones (IZs) in the southern key economic zone (HCM City, Binh Duong, Ba Ria – Vung Tau and Long An) have seen a high level of investment for three years because of free trade agreements (FTAs) of which Vietnam is a member.
TOURISTS FROM ALMOST ALL NATIONS TO VISIT VIETNAM VISA-FREE
[10-11-2015] The Government of Vietnam has told relevant ministries and agencies to weigh granting visa exemptions to tourists from almost all countries after some European nations have got such unilateral treatment.
PHU QUOC-GUANGZHOU AIR SERVICE IN THE OFFING
[06-11-2015] China Southern Airlines plans to launch flights between Phu Quoc Island off mainland Kien Giang Province and China’s Guangzhou in early 2016, according to Phu Quoc District’s vice chairman Huynh Quang Hung.
VN OFFICIALLY ISSUES INTERNATIONAL DRIVING PERMIT
[04-11-2015] The Directorate for Roads of Viet Nam (DRV) has officially granted International Driving Permits (IDPs) to Vietnamese and foreigners since November 3, 2015. Locals and those foreigners who have permanent residence permits can apply for the IDPs, as long as they have a driver’s license issued in Viet Nam.
PHUOC & PARTNERS : LEGAL UPDATE NEWSLETTER - OCTOBER 2015
[10-11-2015] Part I of this Legal Newsletter introduces the legal article titled “Common property division during marriage - Should or not?"", written by Pham Trong Thanh Thuy. This article is aimed to share some benefits of the common property division during the marriage period as well as the obligations need to be implemented by the spouses in connection with the division agreement.
