Phuoc & Partners Vietnam International Law Firm

Your Language:
+84 (28) 3744 9977
Phuoc & Partners Attorneys At Law

Legal Update Newsletter August 2011

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon newspaper named “Share of capital contribution: Undertaken contribution or actual contribution?” written by our lawyer Ms. Nguyen Van Quynh. By this article, we provide comments on legal matters regarding the capital contribution by equity members of limited liability companies provided by applicable regulations and the application in reality in Vietnam.

In Part II, we would like to provide you with some notable regulations as follows:

  1. From 01 October 2011, the highest minimum wage rate will be VND2,000,000/month regardless of the type of enterprise.
  2. The new guidelines on personal income tax.
  3. Individuals carrying more than USD5,000 in cash or more than VND15,000,000 upon entering or exiting Vietnam must make a bordergate customs declaration.
  4. Individuals are entitled to purchase foreign currency in cash of USD100/person/day upon going abroad.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

View Details