Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “The secret of preventing employees from receiving commission” written by our lawyer Mr. Nguyen Huu Phuoc. By this article, we provide our comments on consequences for enterprises when their employees receiving commission and recommend a number of solutions to deal with that matter.

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

1.      New regulations on the issuance of enterprise bonds

2.      Deferral of corporate income tax of 2011 of enterprises employing many employees in a number of industries

3.      Permitted to establish not more than one representative office of a foreign trade promotion organization in one local region           

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

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We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.