Frasers Newsletter Edition 2, 2011
11 March 2011
In this edition, we report on one of the first prosecutions to take place under the amended criminal law on share manipulation.
We also review the provisions of Circular 186 that changes the regime for remitting profits overseas.
We report on the provisions of the Law on Amendment of and Addition to the Law on Insurance Business which deregulates the insurance market in certain key areas.
We discuss the environmental tax to be introduced in January 2012. This tax will replace current environmental fees on petrol and oil, but will act as a supplementary tax on coal and other products. Whilst there will be some lead time to the introduction of this tax, businesses involved in the importation, or manufacture, of affected products should take note and prepare for the new regime.
Finally, we report on the revised minimum wage payable to Vietnamese employees by foreign enterprises as from 1 January 2011.