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Circular sets new rules on goods pricing

Update: June, 06/2012 - 10:00

by lawyers of Biz Consult Law Film

The Ministry of Finance issued Circular No 78/ 2012/TT-BTC on May 18, guiding the implementation of provisions of Decree No 84/2011/ND-CP of September 2011 on pricing of commercial goods and services. Under the circular, organisations and individuals who participate in commercial activities must list prices in compliance with quality standards and quantity of each kind of goods and services. Prices must be listed in domestic currency. The circular also requires organisations and individuals who provide services via mobile device and internet to publish service fees in their advertising. If a user wants to download a product or service via installed software on a mobile device, the service fees must be provided in detail. This circular takes effect on July 5 and replaces Circular No 110/2004/TT-BTC of November 2004.

Ministry draws up amended Labour Code

The Ministry of Labour, Invalids and Social Affairs is circulating a draft of proposed amendments to the Labour Code for comment by Government officials, organisations, enterprises and individuals. Among the proposed changes, Article 178 would stipulate that the maximum term of a work permit for a foreign worker would be 12 months as opposed to the current 36 months. In addition, foreign employees who work in Viet Nam for less than three months would not be required to apply for a work permit. Under Article 12 of the draft, enterprises which hire women or the disabled would be eligible to apply for loans with preferred interest rates, for support from national funds on employment settlement, and for tax reductions. — BIZCONSULT

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