Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter March 2012

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “Termination of labour contract in case of enterprise dissolution: not a simple matter written by our lawyer Mr. Vo Dinh Duc. By this article, we provide a number of our comments regarding the termination of labour contract for enterprises going to dissolve in order to prevent risks.

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

  1. From 01 January 2015, the legal capital of an auditing enterprise shall be 5 billion Vietnam dong.
  2. Further deferral of payment of corporate income tax of the first and second quarter year 2011.
  3. Limiting the lending in foreign currency by the credit institutions and branches of foreign banks.
  4. New guidance on the formation, appraisal and approval of a simple and detailed environmental protection plan.

Our Question and Answer section in Part III will provide you with legal information regarding the minimum area wage rates for the employees working for the enterprises conducting business operation in two areas or more.

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.

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