Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter October 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “A progress in the protection of small shareholders written by our Mr. Tran Thanh Tung. By this article, we give more comments on the ways to protect small shareholders in the joint stock company under the corporate laws.

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

  1. Allowed to contribute capital by intellectual property rights.
  2. A new guideline on the unemployment insurance has recently been adopted.
  3. Enterprises will be deducted with an amount for compensation, assistance and resettlement having paid in advance under the approved plan of the competent authorities from land rent payable.
  4. Enterprise on behalf of its employee pays the personal income tax in case of signing the labor contract with a net salary, which might be included in reasonable expenditures.

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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