Provisions for warranty for products

Provisions for warranty for products   1. The making of provisions for warranty applies to products, goods, services and construction works which are still under warranty or being sold or handed over to buyers but enterprises are still obliged to repair or improve under contracts or commitments with customers. 2. The level of provision: The enterprise shall estimate the level of provision for products, goods, services and construction works sold or performed in the year and make the provision for each kind of [...]

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Provisions for devaluation of inventory

Provisions for devaluation of inventory   1. Provisions shall be made for devaluation of materials, tools, equipment, goods, goods in transit, goods dispatched for sale, goods stored in tax-suspension warehouse, finished goods (hereinafter referred to as inventory) which have their book original prices are higher than the net realizable value and: – There are lawful invoices and documents according to the Finance Ministry’s regulations or other documents which can prove their costs. – They are owned by the stocking enterprise at the time [...]

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Payment for the consultancy support from the State budget

Payment for the consultancy support from the State budget   1. SME supporting bodies which decide the approval of consultancy support for SMEs are responsible for the payment for consultancy support for SMEs from the State budget. 2. Based on the decision on approving the consultancy support to a SME and the receiving amount after inspecting, completing contract and paying for consultants from such SME, the SME supporting body shall receive the funding for consultancy support for SMEs from the State Treasuries. [...]

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Scope

Scope   1. This Circular provides guidance on the estimation, management, use and settlement of State budget to support small and medium-sized enterprises (SMEs) in using consultancy services provided by consultant network (hereinafter referred to as “consultancy support for SMEs”) in accordance with Article 13 of Decree No. 39/2018/ND-CP dated March 11, 2018 by the Government providing guidance on a number of articles of Law on support for small and medium-sized enterprises (hereinafter referred to as Decree No. 39/2018/ND-CP) 2. This Circular [...]

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Salary grading for managers

Salary grading for managers   1. The Fund’s managers shall be entitled to respective pay grades, pay rise and changes in pay grades as prescribed in Section 2 of the Circular No. 27/2016/TT-BLDTBXH dated September 01, 2016 by the Ministry of Labor, War Invalids and Social Affairs on guidelines for wages, remunerations and bonuses paid to managers of wholly state-owned single-member limited liability companies (hereinafter referred to as the Circular No. 27/2016/TT-BLDTBXH). 2. Standards for salary grading for the Fund’s managers shall [...]

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Scope of regulation

Scope of regulation   This Circular provides guidelines for management of labor, salaries, remunerations and bonuses paid to employees and managers of the small and medium-sized enterprise development fund (hereinafter referred to as the Fund). Article 2. Subjects of application 1. The Fund’s employees working under labor contracts as prescribed in the Labor Code. 2. The Fund’s managerial personnel, including: Chairperson Board of Directors and members of the Board of Directors, Comptroller, Director, Deputy Director(s). 3. Entities and persons involved in the implementation of this [...]

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Methods of assessment and ranking of cooperatives

Methods of assessment and ranking of cooperatives   1. Every year, the Board of Directors of the cooperative shall carry out an internal assessment and score the cooperative according to the criteria specified in Appendix 1 enclosed herewith. The Control Board (or controller) shall verify the internal assessment results according to the form provided in Appendix 2. 2. Based on the internal assessment results unanimously approved by both the Board of Directors and Control Board (or controller), the cooperative shall be ranked [...]

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Scope and regulated entities

Scope and regulated entities   1. Scope This Circular provides guidance on the classification and assessment of cooperatives and cooperative unions (hereinafter referred to as “cooperatives”) operating in all of economic sectors. 2. Regulated entities This Circular applies to: a) Cooperatives organized and operating according to the Law on Cooperatives No. 23/2012/QH13 ratified by the National Assembly of the Socialist Republic of Vietnam on November 20, 2012. b) Organizations and individuals involved in the establishment, organization, operation and shutdown of cooperatives. c) The assessment of people’s credit [...]

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Scope of project appraisal

Scope of project appraisal   1. The observance of regulations of the Decree No. 111/2015/ND-CP on development of supporting industry dated November 11, 2015 of the Government. 2. Legal requirements. 3. Project feasibility and rationality of technological-technical solutions that apply to the project. 4. Financial ability, and the effectiveness of the project. 5. The viability of the environmental protective measures. Article 7. Authority to certify incentive 1. The competent authority of a local government where the project is located or the Ministry of Industry and Trade shall [...]

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Subjects of application

Subjects of application   This Circular shall apply to entities and persons manufacturing supporting products on the list of prioritized supporting products within the territory of Vietnam. Article 3. Interpretation For the purposes of this Circular, terms used herein shall be construed as follows: 1. Supporting products mean products in the industries of materials, accessories, components and spare parts used for finished goods. 2. A competent authority means the agency taking charge of receipt and processing of incentive certification applications: a) The competent authority of the [...]

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