Banks raise deposit interest rates
In need of raising medium and long term capital, which serves business activities at the end of the year and reduction in the ratio ...
Franchise explosion in Vietnam
Franchise has facilitated many foreign brands to break into Vietnam. In addition to franchise industry for food, beverage or education, franchising in goods retail industry...
6 leading economic sectors in Central region
There are 6 coastal and marine economic sectors mainly developed in the Central region, which creating positives results ...
91.9% companies are optimistic about production activities in the last 6 months this year
FDI companies sector is witnessed a positive production volume, 91.1% of which are expected to increase or remain their volume ...
CPTPP makes shift of Vietnam from deficit to surplus
Most signed free trade agreements (FTA) have reflected that Vietnam always run deficit trend ...
Legal answers
Legal News No. 02/2024
Answered

MINISTRY OF CONSTRUCTION GUIDELINES ON IDENTIFICATION AND MANAGEMENT OF INVESTMENT COSTS
Answered

On December 29, 2023, the Minister of Construction issued Circular No. 14/2023/TT-BXD amending certain provisions of Circular No. 11/2021/TT-BXD guiding some contents on identification and management of investment costs (Circular 14).

Let’s delve into the details with Bizlawyer!

Accordingly, the construction price of a project includes detailed construction unit prices and aggregated construction prices. The construction price of a project is determined according to the regulations in Article 2, Article 3 of Decree No. 10/2021/ND-CP and detailed guidance in Appendix IV of this Circular.

Investors shall use the construction price system stipulated in Article 1, Article 2 of Decree No. 10/2021/ND-CP and the provisions in Article 1, Article 2 of this Circular as a basis for identifying and managing construction investment costs. In cases where organizations determine the construction price of a project based on detailed construction unit prices or aggregated construction prices based on construction norms, the prices of construction materials, construction labor unit prices, and other relevant contents shall be determined as follows:

Construction material prices

Construction material prices published by competent state agencies according to regulations are the basis for determining the construction price of a project.

In cases where construction materials are not included in the price publication or are included but the types of materials do not meet the requirements for standards, regulations, quality, supply capacity, and specific conditions for each project, the construction material prices for determining the construction price of the project shall be collected, synthesized, analyzed, and evaluated based on referencing information sources on construction material prices as guided in point b section 1.2.1.1 of Appendix IV of this Circular. The selection of construction material prices must be objective, transparent, ensuring the project’s effectiveness.

Encouragement should be given to selecting construction materials that save mineral resources, energy, and are environmentally friendly when preparing feasibility study reports, construction design, and determining construction investment costs for projects, but must ensure investment efficiency and meet project requirements.

In cases where projects require the use of specialized construction materials not commonly available on the market, or imported materials, specific justifications must be provided in the pre-feasibility study report, feasibility study report, economic-technical report, and construction design justification.

Criteria to be evaluated when selecting construction material prices for determining the construction price of a project are guided in point a section 1.2.1.1 of Appendix IV of this Circular.

The method of determining material prices to the construction site is implemented according to the guidance in section 1.2.1.2 of Appendix IV of this Circular.

Construction labor unit prices

Construction labor unit prices published by competent state agencies according to regulations are the basis for determining the construction price of a project.

In cases where the construction labor unit prices published by competent state agencies are not suitable for the specific nature of the work, project, the investor shall organize surveys, determine construction labor unit prices according to the method specified in the Circular guiding the method of determining economic-technical indicators and measurement of construction volume for decision-making when determining construction prices. During the process of determining construction labor unit prices, the Department of Construction shall guide the accuracy, appropriateness of bases, methods for determining construction labor unit prices when requested by investors.

The investor submits the results of determining construction labor unit prices to the Department of Construction for monitoring and management. The results of determining construction labor unit prices submitted to the Department of Construction must demonstrate the basis, method, results of determining construction labor unit prices, and forms (if any) as prescribed. Annually, the Department of Construction aggregates and reports to the Ministry of Construction.

The Circular shall be effective from February 15, 2024.

Above is the entire content of the News: Ministry of Construction guidelines on identification and management of investment costs.

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases. 

We hope the information above is helpful to our readers. 

Bizlawyer is pleased to accompany our readers!

REGULATIONS ON THE LIST OF TYPES, STANDARDS OF QUALITY OF EXPORTED MINERALS MANAGED BY THE MINISTRY OF INDUSTRY AND TRADE
Answered

On December 29, 2023, the Minister of Industry and Trade issued Circular No. 45/2023/TT-BCT amending and supplementing Article 4 regarding the list of types, standards of quality of exported minerals (Circular 45).

Let’s explore the details together with Bizlawyer!

Accordingly, exported minerals are minerals of legal origin, processed, listed in the List of types, and meeting the following quality standards:

– For domestically sourced exported minerals: The corresponding list of types and quality standards in Appendix 1 of this Circular (including: Titanium ore; Bismuth concentrate; Nickel concentrate; Total rare earth (oxides, hydroxides, salts); Fluorite ore; Barite powder; White marble; Graphite concentrate; Mica powder (muscovite mica); Diatomite concentrate (siliceous sediment powder)).

– For imported sourced exported minerals:

+ In case of processing goods for foreign traders: The types and quality standards of processed products shall comply with the processing contract signed with foreign traders. The processing contract shall comply with the provisions of Article 39 of Decree No. 69/2018/ND-CP dated May 15, 2018, of the Government detailing some articles of the Law on Foreign Trade Management.

+ In case minerals are processed from imported sources other than the above case: The corresponding list of types and quality standards of minerals in Appendix 2 of this Circular (including various types of titanium ores: Ilmenite concentrate, Zircon powder, Zircon concentrate, Rutile concentrate, Monazite concentrate, Mixed tailings, Zircon tailings, and Various types of titanium slag).

Exporters of minerals shall be selected to undergo suitability assessment as prescribed in Decree No. 107/2016/ND-CP dated July 1, 2016, of the Government stipulating conditions for conducting conformity assessment services, and Decree No. 154/2018/ND-CP dated November 9, 2018, of the Government amending, supplementing, and abolishing some regulations on investment conditions, business activities in the state management field of the Ministry of Science and Technology and some regulations on specialized inspection for assessment of types, quality of exported minerals.

In addition, Circular No. 45/2023/TT-BCT also amends and supplements Article 5 regarding the reporting regime for mineral exports:

– Export plan report for imported sourced exported minerals (form in Appendix 3);

– Quarterly periodic report when export transactions occur (Form 01 in Appendix 4);

The Circular shall come into effect from February 15, 2024.

Above is the entire content of the News: Regulations on the list of types, standards of quality of exported minerals managed by the Ministry of Industry and Trade.

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases.

We hope the information above is helpful to our readers.

Bizlawyer is pleased to accompany our readers!

REGULATIONS ON ORIGIN OF GOODS FROM FEBRUARY 15, 2024
Answered

On December 29, 2023, the Minister of Industry and Trade issued Circular No. 44/2023/TT-BCT amending and supplementing some provisions of Circular No. 05/2018/TT-BCT dated April 3, 2018, on regulations on the origin of goods. (Circular No. 44).

Here, let’s explore the details together with Bizlawyer!

Amendments and supplements regarding the origin of goods from February 15, 2024

– Specifically, Circular No. 44/2023/TT-BCT amends and supplements some provisions of Circular No. 05/2018/TT-BCT as follows:

– Replace Appendix I on Specific Rules of Origin under Article 6(2) of Circular No. 05/2018/TT-BCT with Appendix I issued together with Circular No. 44/2023/TT-BCT.

– Replace Appendix II on Declaration of Goods Exported Meeting the Criteria of “WO”, Using Domestically Sourced Raw Materials, Without Value Added Tax Invoice at Point a of Article 7(1) of Circular No. 05/2018/TT-BCT with Appendix II issued together with Circular No. 44/2023/TT-BCT.

– Replace the phrase “point g to point l of this Article” with the phrase “point g to point l of this Article 8” at Article 9(1) of Circular No. 05/2018/TT-BCT.

Rules for preferential origin of goods

– According to Article 5 of Circular No. 05/2018/TT-BCT, specific regulations on preferential rules of origin of goods are as follows:

– For exported goods, imported goods eligible for preferential tariff and non-tariff treatment, preferential rules of origin shall be implemented according to international agreements that Vietnam has signed or acceded to and according to the regulations of the Ministry of Industry and Trade guiding those international agreements.

– For exported goods eligible for general preferential tariff treatment and other unilateral preferences, preferential rules of origin shall be implemented according to the regulations of the importing country for these preferences and according to the regulations of the Ministry of Industry and Trade guiding those rules of origin.

Circular No. 44 shall take effect from February 15, 2024.

Above is the entire content of the News: Regulations on the Origin of Goods from February 15, 2024.

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases.

We hope the information above is helpful to our readers.

Bizlawyer is pleased to accompany our readers!

REGULATIONS ON PROCEDURES FOR QUALITY ASSESSMENT OF TECHNOLOGICAL LINES IN INVESTMENT PROJECTS
Answered

On December 29, 2023, Decision No. 33/2023/QD-TTg was announced, which regulates the documentation, procedures, and sequence for implementing quality assessment of machinery, equipment, and technological lines in investment projects (Decision 33).

Let’s explore the details with Bizlawyer!

  1. The requesting authority for assessment sends a written request for assessment, along with documents providing information about violations in the investment project, to the competent authority. If the competent authority is also the requesting authority for assessment, it may directly review and decide on the assessment without the need for this step.
  2. Within 05 working days from receiving the assessment request, the competent authority will review the grounds to decide on the assessment and determine its necessity. If there are insufficient grounds or the assessment is unnecessary, the competent authority will issue a written explanation of the reasons for not conducting the assessment. If necessary, the authority will issue a document requesting the investor to provide relevant information and documents.
  3. Within 15 days, the investor will provide a report and related documents on the quality and value of machinery, equipment, and technological lines in the project to the competent authority.
  4. Within 30 days of receiving the report and documents from the investor, the competent authority will decide to establish a Scientific and Technological Advisory Council and organize a council meeting to review and provide opinions on the quality and value of machinery, equipment, and technological lines in the project. If necessary, the Council may propose assessment through designated assessment organizations and the content to be assessed.
  5. Within 30 days of receiving the recommendations from the Scientific and Technological Advisory Council, the competent authority will select the assessment organization and sign the assessment contract. If necessary, this process may go through a bidding process.
  6. Within 15 days of receiving the assessment certificate from the designated assessment organization, the competent authority will organize the second meeting of the Scientific and Technological Advisory Council to provide opinions on the quality and value of machinery, equipment, and technological lines in the project.
  7. Within 15 days of receiving the opinions from the Scientific and Technological Advisory Council, the competent authority will review and conclude on the quality and value of machinery, equipment, and technological lines in the project, and notify the requesting authority for assessment and relevant units to implement. In some cases, the competent authority may request opinions from independent experts.

Decision 33 takes effect from February 15, 2024.

* This newsletter is for the purpose of providing information about new legal regulations, not for consultation or application for specific cases.

Hope this information is helpful to our valued readers.

Bizlawyer is honored to accompany our esteemed readers!

PROCEDURE FOR IDENTIFYING PROJECTS USING OUTDATED TECHNOLOGY, ENVIRONMENTAL POLLUTION RISKS
Answered

On December 19, 2023, Decision No. 29/2023/QD-TTg was announced, which regulates the documentation, procedures, and sequence for identifying investment projects using outdated technology, posing potential environmental pollution risks (Decision 29).

Let’s delve into the details with Bizlawyer!

  • Sequence and procedures:
  • Investors submit a request dossier to determine the technology directly or via postal service or through the online public service portal to the competent authority as prescribed in Article 27 of Decree No. 31/2021/NĐ-CP (the competent authority).
  • If the dossier is incomplete or invalid, the competent authority will return the dossier and provide detailed information on the documents that need to be amended or supplemented for the investor to complete the dossier. In case the investor submits the dossier directly at the one-stop department of the competent authority, the deadline for amendment or supplementation is 02 working days from the date of receiving the dossier.
  • If the investor submits the dossier via the online public service portal or postal service, the competent authority will, within 02 working days from the date of receiving the dossier, send a document requesting amendment, supplementation, or completion of the dossier.
  • Within 03 working days from the date of receiving the dossier that meets the conditions and validity, the competent authority will send a document to the environmental management agency and the corresponding specialized agency to seek coordinated opinions. If necessary, the competent authority will gather opinions from organizations, independent experts for consultation on professional matters and determination of technology for the investment project.
  • Within 15 working days, the agency with coordinating opinions, organizations, independent experts send written opinions to the competent authority. Within 05 working days from the date of receiving sufficient opinions, the competent authority will have written opinions to determine the technology for the investment project.
  • For investment projects with large scale and complex technology, the competent authority may decide to establish a scientific and technological advisory council to conduct field surveys at the investment project site to determine the technology.
  • The scientific and technological advisory council includes key members and experts with appropriate expertise in machinery, equipment, and technological chains that need to be assessed. This council operates under the principles of democracy, objectivity, honesty, and is responsible to the law and the establishing authority regarding consultation content and recommendations.
  • The certification of appraisal is issued by designated appraisal organizations, registered with the competent authority, and valid for 12 months from the date of issuance.

Decision 29 takes effect from February 15, 2024.

* This newsletter is for the purpose of providing information about new legal regulations, not for consultation or application for specific cases.

Hope this information is helpful to our valued readers.

Bizlawyer is honored to accompany our esteemed readers!

NEW REGULATIONS ON PERSONAL DOCUMENTS WHEN TRAVELING BY AIRPLANE APPLY FROM FEBRUARY 15, 2024
Answered

On December 29, 2023, the Ministry of Transport issued Circular No. 42/2023/TT-BGTVT amending and supplementing Circular No. 13/2019/TT-BGTVT and Circular No. 41/2020/TT-BGTVT regarding personal documents when traveling by airplane (Circular 42).

Now, let’s find out the details together with Bizlawyer!

  1. Passengers traveling on international flights need to present one of the following documents: Passport, travel document, or entry document as prescribed by law such as exit visas, residence permits, temporary residence permits, or citizen identity cards (for countries that have agreements with Vietnam allowing the use of citizen identity cards instead of passports). In case of minors without separate passports, their information and photo must be clearly stated on the passport of the representative according to regulations.
  2. Passengers aged 14 and above traveling on domestic flights need to present documents or electronic data with equivalent legal validity. For foreign passengers, a passport or the most recent entry document and residency document in Vietnam are required. For passengers who have lost their passports, a certificate or confirmation letter from the diplomatic agency or local police is required. Vietnamese passengers need to present passports, travel documents, residence permits, identity cards, or citizen identity cards.
  3. Passengers under 14 years old need birth certificates, identity confirmation papers from the police or social organizations, and legal documents of their parents.
  4. Prisoners, defendants, or detainees when traveling by airplane only need documents proving their escort by the competent authority. The documents must be original or electronic copies with legal validity, ensuring they have photos and comply with legal regulations.

Circular 42 takes effect from February 15, 2024.

* This newsletter is for the purpose of providing information about new legal regulations, not for consultation or application for specific cases.

Hope this information is helpful to our valued readers.

Bizlawyer is honored to accompany our esteemed readers!

OFFICIAL IMPLEMENTATION OF ROAD USAGE FEES FROM FEBRUARY 01, 2024
Answered

On December 13, 2023, the Government issued Decree No. 90/2023/NĐ-CP regulating the level, regime, collection, payment, exemption, management, and use of road usage fees (Decree No. 90).

Let’s delve into the details with Bizlawyer!

Decree No. 90 specifies the following levels of road usage fees:

  • Fee of 130,000 VND/month: Applicable to vehicles carrying less than 10 passengers registered under individual names or business households;
  • Fee of 180,000 VND/month: Applicable to vehicles carrying less than 10 passengers, trucks, specialized vehicles with a total weight of under 4 tons, vehicles transporting goods, and four-wheeled vehicles with engines… Fee of 180,000 VND/month;
  • Fee of 720,000 VND/month: Applicable to trucks, specialized vehicles with a total weight from 19 tons to under 27 tons, tractor units with a combined weight from 19 tons to under 27 tons;
  • Fee of 1,040,000 VND/month: Applicable to trucks, specialized vehicles with a total weight from 27 tons upwards, tractor units with a combined weight from 27 tons to under 40 tons.

These fees will officially apply from February 01, 2024.

Above is the entire content of the News: Official implementation of new road usage fee rates from February 01, 2024.

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases.

We hope the information above is helpful to our readers.

Bizlawyer is pleased to accompany our readers!

NEW REGULATIONS ON INCENTIVE POLICIES, SUPPORT FOR INVESTMENTS IN HIGH-TECH PARKS
Answered

NEW REGULATIONS ON INCENTIVE POLICIES, SUPPORT FOR INVESTMENTS IN HIGH-TECH PARKS

 

High-tech parks are areas that concentrate and link various research and development activities applying advanced technologies to life, along with the process of nurturing high-tech, technology-based enterprises. Therefore, high-tech parks are identified as one of the current economic development strategies, and investors in high-tech parks will enjoy certain incentives. On February 01, 2024, the Government issued Decree No. 10/2024/NĐ-CP with many incentive policies and support for investment in high-tech parks (Decree No. 10).

 

Let’s delve into the details with Bizlawyer!

 

Decree No. 10 stipulates that high-tech parks are preferential investment areas, enjoying investment incentives applicable to areas with particularly difficult socio-economic conditions as prescribed by investment laws. The investment incentive policies and support for investments in high-tech parks include:

 

  • Firstly, high-tech parks are preferential investment areas, enjoying investment incentives applicable to areas with particularly difficult socio-economic conditions as prescribed by investment laws.
  • Secondly, specific levels of incentives and support for investment projects and activities within high-tech parks are applied according to the provisions of investment laws, corporate income tax laws, export tax laws, import tax laws, land laws, credit laws, and related laws.
  • Thirdly, the Management Board of the high-tech park and competent authorities are responsible for implementing administrative procedures related to investment, enterprises, land, construction, environment, labor, leasing, customs, and related procedures under the one-stop-shop mechanism and inter-connected one-stop-shop mechanism as prescribed by law; supporting labor recruitment and other related issues during the investor’s implementation of activities in the high-tech park.
  • Fourthly, investment projects and activities in high-tech parks are prioritized to participate in training and labor recruitment support programs; programs supporting research activities, application of high technologies, technology transfer; programs supporting the development of high-tech industries, development of high technologies in agriculture; support for innovative enterprises, small and medium-sized enterprises in creative startups; support for loans and other support programs of the Government, ministries, sectors, and localities.
  • Fifthly, the People’s Council, People’s Committee at the provincial level shall issue policies and allocate resources to support investment in accordance with their authority and legal provisions to attract investment projects, high-tech human resources into high-tech parks.

 

This decree shall come into effect from March 25, 2024.

 

Above is the entire content of the News: New regulations on incentive policies, support for investments in high-tech parks.

 

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases. 

 

We hope the information above is helpful to our readers. 

 

Bizlawyer is pleased to accompany our readers!

Legal News No. 1/2024
Answered